Wesbanco Inc (WSBC) 30.75 $WSBC
Southeast Bank Stocks Q2 Earnings on July 19: SNV, RF & More
Zacks Equity Research - Zacks Investment Research - Mon Jul 18, 10:02AM CDT
Big banks have already impressed the market with their second-quarter earnings releases. This proves the initial predictions wrong and gives an indication of a better earnings picture for the sector as a whole.
OKSB: 19.16 (-0.26), PNFP: 52.41 (-0.70), RF: 9.02 (-0.15), CCBG: 13.95 (-0.36), WSBC: 30.75 (-0.17), RNST: 31.92 (-0.30), SNV: 30.18 (-0.26)
WesBanco CEO and CFO to Participate in the Raymond James Boston Spring Investors Conference
PR Newswire - Thu May 26, 12:41PM CDT
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company with total assets of approximately $8.6 billion, announced today that Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Executive Vice President and Chief Financial Officer, are scheduled to participate in the Raymond James Boston Spring Investors Conference in Boston, MA on Thursday, June 2, 2016.
WSBC: 30.75 (-0.17)
WesBanco Bank, Inc. Receives America Saves Designation of Savings Excellence for Banks
PR Newswire - Thu May 19, 8:31AM CDT
On Wednesday, May 18, 2016, WesBanco, Inc.'s (NASDAQ: WSBC) affiliate, WesBanco Bank received the America Saves Designation of Savings Excellence for Banks, a designation from America Saves that recognizes banks that went above and beyond to encourage people to save money during America Saves Week.
WSBC: 30.75 (-0.17)
WesBanco Declares Quarterly Cash Dividend To Its Shareholders
PR Newswire - Wed May 18, 3:34PM CDT
WesBanco, Inc. (NASDAQ:WSBC), a multi-state bank holding company with total assets of approximately $8.6 billion, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share to be paid to its holders of common stock. The dividend will be payable on July 1, 2016 to shareholders of record on June 10, 2016, and represents an annualized cash dividend rate of $0.96 per common share.
WSBC: 30.75 (-0.17)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Regarding the Fairness of the Sale of Your Community Bankshares, Inc. to WesBanco, Inc.
BusinessWire - Thu May 12, 1:10PM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Your Community Bankshares, Inc. to WesBanco, Inc. is Fair to Shareholders - YCB
BusinessWire - Mon May 09, 12:35PM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
YOUR COMMUNITY BANKSHARES, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Acquisition by WesBanco, Inc. May be Unfair to Shareholders
BusinessWire - Mon May 09, 11:41AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Your Community Bankshares, Inc. ("YCB"
(NASDAQ: YCB) concerning the acquisition by WesBanco, Inc. (NASDAQ: WSBC). Under the terms of the agreement, valued at approximately $221 million, YCB shareholders will only receive $7.70 in cash and 0.964 shares of WSBC per YCB share owned. The consideration is valued at approximately $39.05, which is virtually no premium over the closing price before the deal was announced.
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
YOUR COMMUNITY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Your Community Bankshares, Inc.
PR Newswire - Thu May 05, 10:00AM CDT
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF" are investigating the proposed sale of Your Community Bankshares, Inc. ("YCB" or the "Company" (NASDAQ: YCB) to WesBanco, Inc. (NASDAQ: WSBC). Under the terms of the proposed transaction, shareholders of YCB will receive only $7.70 in cash and 0.964 shares of WesBanco for each share of YCB that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
Kroll Bond Rating Agency Releases Comment on WesBanco, Inc. and Your Community Bankshares, Inc. Merger
BusinessWire - Thu May 05, 9:48AM CDT
Kroll Bond Rating Agency (KBRA) releases comment on WesBanco, Inc. and Your Community Bankshares, Inc. Merger. The report makes the following key points:
YCB: 37.06 (-0.15), WSBC: 30.75 (-0.17)
Robbins Arroyo LLP: Acquisition of Your Community Bankshares, Inc. (YCB) by WesBanco, Inc. (WSBC) May Not Be in Shareholders' Best Interests
BusinessWire - Wed May 04, 2:38PM CDT
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Your Community Bankshares, Inc. (NASDAQ: YCB) by WesBanco, Inc. (NASDAQ: WSBC). On May 3, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which WesBanco will acquire Your Community. Under the terms of the agreement, Your Community shareholders will receive 0.964 shares of WesBanco and $7.70 per share in cash for each share of Your Community they own, the value of which is equivalent to $39.05 per share of Your Community.
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Your Community Bankshares, Inc. to WesBanco, Inc. is Fair to Shareholders - YCB
ACCESSWIRE - Wed May 04, 9:11AM CDT
NEW YORK, NY / ACCESSWIRE / May 4, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
WesBanco, Inc. Announces Agreement and Plan of Merger with Your Community Bankshares, Inc.
PR Newswire - Tue May 03, 3:45PM CDT
WesBanco, Inc. ("WesBanco" (Nasdaq: WSBC) and Your Community Bankshares, Inc. ("Your Community" (Nasdaq: YCB) jointly announced today that they have executed a definitive Agreement and Plan of Merger providing for the merger of Your Community with and into WesBanco. James C. Gardill, Chairman of the Board, and Todd F. Clossin, President & CEO, of WesBanco and Gary L. Libs, Chairman of the Board, and James D. Rickard, President & CEO, of Your Community, made the joint announcement.
YCB: 37.06 (-0.15), WSBC: 30.75 (-0.17)
WesBanco Bank, Inc. Named A Winner Of The Columbus Metro Area 2016 Top Workplaces Award By Columbus C.E.O. Magazine
PR Newswire - Mon May 02, 7:00AM CDT
WesBanco, Inc. (NASDAQ:WSBC) today announced that the central Ohio market of its affiliate, WesBanco Bank, has been awarded a 2016 Top Workplaces honor by the Columbus C.E.O. Magazine. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured for WesBanco locations in the Columbus area, including Alignment, Execution, and Connection, just to name a few.
WSBC: 30.75 (-0.17)
Downgrade Alert for WesBanco (WSBC)
Comtex SmarTrend(R) - Fri Apr 22, 4:04AM CDT
WesBanco (NASDAQ:WSBC) was downgraded from Outperform to Neutral at Boenning & Scattergood today. The stock closed yesterday at $32.04 on volume of 232,000 shares, above average daily volume of 113,000. WesBanco share prices have moved between a 52-week high of $36.11 and a 52-week low of $26.93 and closed yesterday at 19% above that low price at $32.04 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.
WSBC: 30.75 (-0.17)
WesBanco Announces First Quarter 2016 Net Income
PR Newswire - Wed Apr 20, 7:48AM CDT
Todd F. Clossin, President and Chief Executive Officer of WesBanco, Inc. (NASDAQ Global Market: WSBC), a Wheeling, West Virginia based multi-state bank holding company, today announced net income and related earnings per share for the three months ended March 31, 2016. Net income for the three months ended March 31, 2016 was $22.9 million or $0.60 per diluted share compared to $13.9 million or $0.40 per diluted share for the first quarter of 2015. Net income excluding after-tax merger-related expenses (non-GAAP measure), increased 13.2% to $22.9 million compared to $20.2 million for the first quarter of 2015, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled $0.60, compared to $0.59 per share for the first quarter of 2015.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
WesBanco (WSBC) is in Overbought Territory: What's Next?
Zacks Equity Research - Zacks Investment Research - Tue Apr 19, 10:03AM CDT
WesBanco Inc. (WSBC) has moved higher as of late, but there could definitely be trouble on the horizon for this company
WSBC: 30.75 (-0.17)
WesBanco CEO and CFO to Participate in the Piper Jaffray Financial Institutions Conference
PR Newswire - Fri Apr 15, 10:16AM CDT
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company with total assets of approximately $8.5 billion, announced today that Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Executive Vice President and Chief Financial Officer, are scheduled to participate in the Piper Jaffray Financial Institutions conference in Orlando, FL on Thursday, May 5 and Friday, May 6, 2016.
WSBC: 30.75 (-0.17)
WesBanco reports Q4 2015 net income of USD23m
M2 - Wed Feb 03, 7:41AM CST
WesBanco, Inc. (NASDAQ: WSBC) has reported net income for the three months ended December 31, 2015 was USD23.0 million, while diluted earnings per share were USD0.60, compared to USD16.5 million or USD0.56 per diluted share for the fourth quarter of 2014, the company said. Net income for 2015 was USD80.8 million or USD2.15 per diluted share compared to USD70.0 million or USD2.39 per diluted share for 2014. For the year ended December 31, 2015, net income excluding after-tax merger-related expenses (non-GAAP measure), increased 24.2 percent to USD88.0 million compared to USD70.8 million for 2014, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled USD2.34, compared to USD2.41 per share for 2014. WesBanco's results for the three and 12 months ended December 31, 2015 included ESB Financial Corporation's results from February 10, 2015, the date of consummation of the merger. ESB was a Pennsylvania thrift holding company with approximately USD2.0 billion in assets and 23 offices in southwestern Pennsylvania. Total assets at December 31, 2015 increased 34.5 percent or USD2.2 billion compared to December 31, 2014, with approximately USD2.0 billion from the acquisition of ESB and USD0.2 billion from organic growth exclusive of ESB. Portfolio loans increased USD979.1 million, with USD701.0 million from the acquisition and USD278.1 million from loan growth exclusive of ESB. Organic loan growth in 2015 was 6.8 percent, primarily achieved through USD1.8 billion in loan originations compared to USD1.4 billion last year. Organic loan growth occurred in all loan categories, with approximately 15.2 percent of the growth in commercial and industrial loans and 22.0 percent in home equity loans. Loan growth was driven by increased business activity, additional commercial and residential lending personnel in urban markets, focused marketing efforts and continued improvement in loan origination processes. Net interest income increased USD43.8 million or 22.6 percent in 2015 compared to 2014 due to a 29.9 percent increase in average earning assets, primarily through the acquisition, and through a 6.7 percent increase in average loan balances, exclusive of ESB, partially offset by a 20 basis point decrease in the net interest margin. WesBanco is a multi-state bank holding company with total assets of approximately USD8.5 billion, operating in West Virginia, Ohio, and Pennsylvania. WesBanco's banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling, West Virginia.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
WesBanco Announces 2015 Net Income
PR Newswire - Tue Jan 26, 3:19PM CST
Todd F. Clossin, President and Chief Executive Officer of WesBanco, Inc. (NASDAQ: WSBC), a Wheeling, West Virginia based multi-state bank holding company, today announced net income and related earnings per share for the three and twelve months ended December 31, 2015. Net income for 2015 was $80.8 million or $2.15 per diluted share compared to $70.0 million or $2.39 per diluted share for 2014. Net income for the three months ended December 31, 2015 was $23.0 million, while diluted earnings per share were $0.60, compared to $16.5 million or $0.56 per diluted share for the fourth quarter of 2014. For the year ended December 31, 2015, net income excluding after-tax merger-related expenses (non-GAAP measure), increased 24.2% to $88.0 million compared to $70.8 million for 2014, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled $2.34, compared to $2.41 per share for 2014.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
Southeast Bank Stocks Q2 Earnings on July 19: SNV, RF & More
Zacks Equity Research - Zacks Investment Research - Mon Jul 18, 10:02AM CDT
Big banks have already impressed the market with their second-quarter earnings releases. This proves the initial predictions wrong and gives an indication of a better earnings picture for the sector as a whole.
OKSB: 19.16 (-0.26), PNFP: 52.41 (-0.70), RF: 9.02 (-0.15), CCBG: 13.95 (-0.36), WSBC: 30.75 (-0.17), RNST: 31.92 (-0.30), SNV: 30.18 (-0.26)
WesBanco CEO and CFO to Participate in the Raymond James Boston Spring Investors Conference
PR Newswire - Thu May 26, 12:41PM CDT
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company with total assets of approximately $8.6 billion, announced today that Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Executive Vice President and Chief Financial Officer, are scheduled to participate in the Raymond James Boston Spring Investors Conference in Boston, MA on Thursday, June 2, 2016.
WSBC: 30.75 (-0.17)
WesBanco Bank, Inc. Receives America Saves Designation of Savings Excellence for Banks
PR Newswire - Thu May 19, 8:31AM CDT
On Wednesday, May 18, 2016, WesBanco, Inc.'s (NASDAQ: WSBC) affiliate, WesBanco Bank received the America Saves Designation of Savings Excellence for Banks, a designation from America Saves that recognizes banks that went above and beyond to encourage people to save money during America Saves Week.
WSBC: 30.75 (-0.17)
WesBanco Declares Quarterly Cash Dividend To Its Shareholders
PR Newswire - Wed May 18, 3:34PM CDT
WesBanco, Inc. (NASDAQ:WSBC), a multi-state bank holding company with total assets of approximately $8.6 billion, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share to be paid to its holders of common stock. The dividend will be payable on July 1, 2016 to shareholders of record on June 10, 2016, and represents an annualized cash dividend rate of $0.96 per common share.
WSBC: 30.75 (-0.17)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Regarding the Fairness of the Sale of Your Community Bankshares, Inc. to WesBanco, Inc.
BusinessWire - Thu May 12, 1:10PM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Your Community Bankshares, Inc. to WesBanco, Inc. is Fair to Shareholders - YCB
BusinessWire - Mon May 09, 12:35PM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
YOUR COMMUNITY BANKSHARES, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Acquisition by WesBanco, Inc. May be Unfair to Shareholders
BusinessWire - Mon May 09, 11:41AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Your Community Bankshares, Inc. ("YCB"
(NASDAQ: YCB) concerning the acquisition by WesBanco, Inc. (NASDAQ: WSBC). Under the terms of the agreement, valued at approximately $221 million, YCB shareholders will only receive $7.70 in cash and 0.964 shares of WSBC per YCB share owned. The consideration is valued at approximately $39.05, which is virtually no premium over the closing price before the deal was announced. WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
YOUR COMMUNITY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Your Community Bankshares, Inc.
PR Newswire - Thu May 05, 10:00AM CDT
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF"
are investigating the proposed sale of Your Community Bankshares, Inc. ("YCB" or the "Company" (NASDAQ: YCB) to WesBanco, Inc. (NASDAQ: WSBC). Under the terms of the proposed transaction, shareholders of YCB will receive only $7.70 in cash and 0.964 shares of WesBanco for each share of YCB that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
Kroll Bond Rating Agency Releases Comment on WesBanco, Inc. and Your Community Bankshares, Inc. Merger
BusinessWire - Thu May 05, 9:48AM CDT
Kroll Bond Rating Agency (KBRA) releases comment on WesBanco, Inc. and Your Community Bankshares, Inc. Merger. The report makes the following key points:
YCB: 37.06 (-0.15), WSBC: 30.75 (-0.17)
Robbins Arroyo LLP: Acquisition of Your Community Bankshares, Inc. (YCB) by WesBanco, Inc. (WSBC) May Not Be in Shareholders' Best Interests
BusinessWire - Wed May 04, 2:38PM CDT
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Your Community Bankshares, Inc. (NASDAQ: YCB) by WesBanco, Inc. (NASDAQ: WSBC). On May 3, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which WesBanco will acquire Your Community. Under the terms of the agreement, Your Community shareholders will receive 0.964 shares of WesBanco and $7.70 per share in cash for each share of Your Community they own, the value of which is equivalent to $39.05 per share of Your Community.
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation as to Whether the Sale of Your Community Bankshares, Inc. to WesBanco, Inc. is Fair to Shareholders - YCB
ACCESSWIRE - Wed May 04, 9:11AM CDT
NEW YORK, NY / ACCESSWIRE / May 4, 2016 / The following statement is being issued by Levi & Korsinsky, LLP:
WSBC: 30.75 (-0.17), YCB: 37.06 (-0.15)
WesBanco, Inc. Announces Agreement and Plan of Merger with Your Community Bankshares, Inc.
PR Newswire - Tue May 03, 3:45PM CDT
WesBanco, Inc. ("WesBanco"
(Nasdaq: WSBC) and Your Community Bankshares, Inc. ("Your Community" (Nasdaq: YCB) jointly announced today that they have executed a definitive Agreement and Plan of Merger providing for the merger of Your Community with and into WesBanco. James C. Gardill, Chairman of the Board, and Todd F. Clossin, President & CEO, of WesBanco and Gary L. Libs, Chairman of the Board, and James D. Rickard, President & CEO, of Your Community, made the joint announcement. YCB: 37.06 (-0.15), WSBC: 30.75 (-0.17)
WesBanco Bank, Inc. Named A Winner Of The Columbus Metro Area 2016 Top Workplaces Award By Columbus C.E.O. Magazine
PR Newswire - Mon May 02, 7:00AM CDT
WesBanco, Inc. (NASDAQ:WSBC) today announced that the central Ohio market of its affiliate, WesBanco Bank, has been awarded a 2016 Top Workplaces honor by the Columbus C.E.O. Magazine. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured for WesBanco locations in the Columbus area, including Alignment, Execution, and Connection, just to name a few.
WSBC: 30.75 (-0.17)
Downgrade Alert for WesBanco (WSBC)
Comtex SmarTrend(R) - Fri Apr 22, 4:04AM CDT
WesBanco (NASDAQ:WSBC) was downgraded from Outperform to Neutral at Boenning & Scattergood today. The stock closed yesterday at $32.04 on volume of 232,000 shares, above average daily volume of 113,000. WesBanco share prices have moved between a 52-week high of $36.11 and a 52-week low of $26.93 and closed yesterday at 19% above that low price at $32.04 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.
WSBC: 30.75 (-0.17)
WesBanco Announces First Quarter 2016 Net Income
PR Newswire - Wed Apr 20, 7:48AM CDT
Todd F. Clossin, President and Chief Executive Officer of WesBanco, Inc. (NASDAQ Global Market: WSBC), a Wheeling, West Virginia based multi-state bank holding company, today announced net income and related earnings per share for the three months ended March 31, 2016. Net income for the three months ended March 31, 2016 was $22.9 million or $0.60 per diluted share compared to $13.9 million or $0.40 per diluted share for the first quarter of 2015. Net income excluding after-tax merger-related expenses (non-GAAP measure), increased 13.2% to $22.9 million compared to $20.2 million for the first quarter of 2015, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled $0.60, compared to $0.59 per share for the first quarter of 2015.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
WesBanco (WSBC) is in Overbought Territory: What's Next?
Zacks Equity Research - Zacks Investment Research - Tue Apr 19, 10:03AM CDT
WesBanco Inc. (WSBC) has moved higher as of late, but there could definitely be trouble on the horizon for this company
WSBC: 30.75 (-0.17)
WesBanco CEO and CFO to Participate in the Piper Jaffray Financial Institutions Conference
PR Newswire - Fri Apr 15, 10:16AM CDT
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company with total assets of approximately $8.5 billion, announced today that Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Executive Vice President and Chief Financial Officer, are scheduled to participate in the Piper Jaffray Financial Institutions conference in Orlando, FL on Thursday, May 5 and Friday, May 6, 2016.
WSBC: 30.75 (-0.17)
WesBanco reports Q4 2015 net income of USD23m
M2 - Wed Feb 03, 7:41AM CST
WesBanco, Inc. (NASDAQ: WSBC) has reported net income for the three months ended December 31, 2015 was USD23.0 million, while diluted earnings per share were USD0.60, compared to USD16.5 million or USD0.56 per diluted share for the fourth quarter of 2014, the company said. Net income for 2015 was USD80.8 million or USD2.15 per diluted share compared to USD70.0 million or USD2.39 per diluted share for 2014. For the year ended December 31, 2015, net income excluding after-tax merger-related expenses (non-GAAP measure), increased 24.2 percent to USD88.0 million compared to USD70.8 million for 2014, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled USD2.34, compared to USD2.41 per share for 2014. WesBanco's results for the three and 12 months ended December 31, 2015 included ESB Financial Corporation's results from February 10, 2015, the date of consummation of the merger. ESB was a Pennsylvania thrift holding company with approximately USD2.0 billion in assets and 23 offices in southwestern Pennsylvania. Total assets at December 31, 2015 increased 34.5 percent or USD2.2 billion compared to December 31, 2014, with approximately USD2.0 billion from the acquisition of ESB and USD0.2 billion from organic growth exclusive of ESB. Portfolio loans increased USD979.1 million, with USD701.0 million from the acquisition and USD278.1 million from loan growth exclusive of ESB. Organic loan growth in 2015 was 6.8 percent, primarily achieved through USD1.8 billion in loan originations compared to USD1.4 billion last year. Organic loan growth occurred in all loan categories, with approximately 15.2 percent of the growth in commercial and industrial loans and 22.0 percent in home equity loans. Loan growth was driven by increased business activity, additional commercial and residential lending personnel in urban markets, focused marketing efforts and continued improvement in loan origination processes. Net interest income increased USD43.8 million or 22.6 percent in 2015 compared to 2014 due to a 29.9 percent increase in average earning assets, primarily through the acquisition, and through a 6.7 percent increase in average loan balances, exclusive of ESB, partially offset by a 20 basis point decrease in the net interest margin. WesBanco is a multi-state bank holding company with total assets of approximately USD8.5 billion, operating in West Virginia, Ohio, and Pennsylvania. WesBanco's banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling, West Virginia.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
WesBanco Announces 2015 Net Income
PR Newswire - Tue Jan 26, 3:19PM CST
Todd F. Clossin, President and Chief Executive Officer of WesBanco, Inc. (NASDAQ: WSBC), a Wheeling, West Virginia based multi-state bank holding company, today announced net income and related earnings per share for the three and twelve months ended December 31, 2015. Net income for 2015 was $80.8 million or $2.15 per diluted share compared to $70.0 million or $2.39 per diluted share for 2014. Net income for the three months ended December 31, 2015 was $23.0 million, while diluted earnings per share were $0.60, compared to $16.5 million or $0.56 per diluted share for the fourth quarter of 2014. For the year ended December 31, 2015, net income excluding after-tax merger-related expenses (non-GAAP measure), increased 24.2% to $88.0 million compared to $70.8 million for 2014, while diluted earnings per share, excluding after-tax merger-related expenses (non-GAAP measure), totaled $2.34, compared to $2.41 per share for 2014.
ESBF: 17.77 (+0.05), WSBC: 30.75 (-0.17)
