WESBANCO INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 3, 2025
WSBC$39.45+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
WESBANCO, INC. CONSOLI DATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands, except shares) | 2024 | 2023 |
| ASSETS | ||
| Cash and due from banks, including interest bearing amounts of $142,271 and $158,504, respectively | $568,137 | $595,383 |
| Securities: | ||
| Equity securities, at fair value | 13,427 | 12,320 |
| Available-for-sale debt securities, at fair value | 2,246,072 | 2,194,329 |
| Held-to-maturity debt securities (fair values of $1,006,817 and $1,069,159, respectively) | 1,152,906 | 1,199,527 |
| Allowance for credit losses, held-to-maturity debt securities | (146) | (192) |
| Net held-to-maturity debt securities | 1,152,760 | 1,199,335 |
| Total securities | 3,412,259 | 3,405,984 |
| Loans held for sale | 18,695 | 16,354 |
| Portfolio loans, net of unearned income | 12,656,429 | 11,638,461 |
| Allowance for credit losses - loans | (138,766) | (130,675) |
| Net portfolio loans | 12,517,663 | 11,507,786 |
| Premises and equipment, net | 219,076 | 233,571 |
| Accrued interest receivable | 78,324 | 77,435 |
| Goodwill and other intangible assets, net | 1,124,016 | 1,132,267 |
| Bank-owned life insurance | 360,738 | 355,033 |
| Other assets | 385,390 | 388,561 |
| Total Assets | $18,684,298 | $17,712,374 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing demand | $3,842,758 | $3,962,592 |
| Interest bearing demand | 3,771,314 | 3,463,443 |
| Money market | 2,429,977 | 2,017,713 |
| Savings deposits | 2,362,736 | 2,493,254 |
| Certificates of deposit | 1,726,932 | 1,231,702 |
| Total deposits | 14,133,717 | 13,168,704 |
| Federal Home Loan Bank borrowings | 1,000,000 | 1,350,000 |
| Other short-term borrowings | 192,073 | 105,893 |
| Subordinated debt and junior subordinated debt | 279,308 | 279,078 |
| Total borrowings | 1,471,381 | 1,734,971 |
| Accrued interest payable | 14,228 | 11,121 |
| Other liabilities | 274,691 | 264,516 |
| Total Liabilities | 15,894,017 | 15,179,312 |
| 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, 2024 and December 31, 2023, respectively | 144,484 | 144,484 |
| Common stock, $2.0833 par value; 200,000,000 and 100,000,000 shares authorized; 75,354,034 and 68,081,306 shares issued; 66,919,805 and 59,376,435 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 156,985 | 141,834 |
| Capital surplus | 1,809,679 | 1,635,859 |
| Retained earnings | 1,192,091 | 1,142,586 |
| Treasury stock (8,434,229 and 8,704,871 shares at cost, respectively) | (292,244) | (302,995) |
| Accumulated other comprehensive loss | (218,632) | (226,693) |
| Deferred benefits for directors | (2,082) | (2,013) |
| Total Shareholders’ Equity | 2,790,281 | 2,533,062 |
| Total Liabilities and Shareholders’ Equity | $18,684,298 | $17,712,374 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.