WESBANCO INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
WSBC$39.45+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
DATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands, except shares) | 2023 | 2022 |
| ASSETS | ||
| Cash and due from banks, including interest bearing amounts of $436,879 and $242,229, respectively | $595,383 | $408,411 |
| Securities: | ||
| Equity securities, at fair value | 12,320 | 11,506 |
| Available-for-sale debt securities, at fair value | 2,194,329 | 2,529,140 |
| Held-to-maturity debt securities (fair values of $1,069,159 and $1,084,390, respectively) | 1,199,527 | 1,248,629 |
| Allowance for credit losses, held-to-maturity debt securities | (192) | (220) |
| Net held-to-maturity debt securities | 1,199,335 | 1,248,409 |
| Total securities | 3,405,984 | 3,789,055 |
| Loans held for sale | 16,354 | 8,249 |
| Portfolio loans, net of unearned income | 11,638,461 | 10,702,728 |
| Allowance for credit losses - loans | (130,675) | (117,790) |
| Net portfolio loans | 11,507,786 | 10,584,938 |
| Premises and equipment, net | 233,571 | 220,892 |
| Accrued interest receivable | 77,435 | 68,522 |
| Goodwill and other intangible assets, net | 1,132,267 | 1,141,355 |
| Bank-owned life insurance | 355,033 | 352,361 |
| Other assets | 388,561 | 358,122 |
| Total Assets | $17,712,374 | $16,931,905 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing demand | $3,962,592 | $4,700,438 |
| Interest bearing demand | 3,463,443 | 3,119,807 |
| Money market | 2,017,713 | 1,684,023 |
| Savings deposits | 2,493,254 | 2,741,004 |
| Certificates of deposit | 1,231,702 | 885,818 |
| Total deposits | 13,168,704 | 13,131,090 |
| Federal Home Loan Bank borrowings | 1,350,000 | 705,000 |
| Other short-term borrowings | 105,893 | 135,069 |
| Subordinated debt and junior subordinated debt | 279,078 | 281,404 |
| Total borrowings | 1,734,971 | 1,121,473 |
| Accrued interest payable | 11,121 | 4,593 |
| Other liabilities | 264,516 | 248,087 |
| Total Liabilities | 15,179,312 | 14,505,243 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150,000,000, issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 144,484 | 144,484 |
| Common stock, $2.0833 par value; 100,000,000 shares authorized; 68,081,306 shares issued; 59,376,435 and 59,198,963 shares outstanding at December 31, 2023 and December 31, 2022, respectively | 141,834 | 141,834 |
| Capital surplus | 1,635,859 | 1,635,877 |
| Retained earnings | 1,142,586 | 1,077,675 |
| Treasury stock (8,704,871 and 8,882,343 shares at cost, respectively) | (302,995) | (308,964) |
| Accumulated other comprehensive loss | (226,693) | (262,416) |
| Deferred benefits for directors | (2,013) | (1,828) |
| Total Shareholders’ Equity | 2,533,062 | 2,426,662 |
| Total Liabilities and Shareholders’ Equity | $17,712,374 | $16,931,905 |
WESBANCO, INC. CONSOLIDA
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