WSBC Financial Services

WesBanco, Inc.

$38.84-1.50%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 3.7B USD
Full-time employees: 2,996

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
About average: profitability

Ranks #90 of 791 banks & insurance companies (top 12%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 62% from December 2022 to July 2026.
WesBanco had 62% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.WesBanco had 62% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Fast revenue growth. Revenue grew 62% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.
Revenue grew 62% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

StockQuotient Score

70/ 100

Oct 5 72 → Nov 4 70 (-2)

Valuation

Is the price right?

73/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ P/B
▲ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield110.3%

SEC filings · latest balance sheetReported value40% base weight · Z-score 1.08Sector median: 0.7950 · MAD: 0.2843

Earnings yield9.6%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score 0.66Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield10.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

95/100

Strong

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth163.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile100% base weight · Z-score 7.87Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth18.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth62.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

42/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.17Sector median: 0.0117 · MAD: 0.0062

Return on equity8.7%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.54Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about WesBanco

Is WesBanco getting weaker?: Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 70/100 since Oct 28, 2026.
How is WesBanco valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 950 banks & insurance peers. Book yield 110.3% vs a peer median of 79.5% (stronger than 75% of peers).Book yield 110.3% vs peers 79.5% (stronger than 75% of peers).
Is WesBanco growing?: Yes, faster than most of its peers. Growth scores 95/100 against 950 banks & insurance peers. Earnings per share growth 163.3% vs a peer median of 16.0% (stronger than 95% of peers).Earnings per share growth 163.3% vs peers 16.0% (stronger than 95% of peers).
How profitable is WesBanco?: About as profitable as its peers. Profitability scores 42/100 against 950 banks & insurance peers. Return on equity 8.7% vs a peer median of 10.7% (weaker than 66% of peers).Return on equity 8.7% vs peers 10.7% (weaker than 66% of peers).
How risky is WesBanco?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Net income (12 months)	320.7M USD	356.0M USD	+11.0%
Debt	1.4B USD	1.7B USD	+25.0%
Cash	960.4M USD	871.8M USD	−9.2%
Shares outstanding	96.2M	95.9M	−0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	1.4%	1.1%	0.9%	0.8%	0.8%	▼ 0.0 pts
Return on equity (ROE)	9.0%	7.9%	6.3%	5.4%	5.5%	▲ 0.1 pts
Debt to equity	0.17×	0.46×	0.68×	0.53×	0.40×	▼ 24%

WSBC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

About average: profitability

Ranks #90 of 791 banks & insurance companies (top 12%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 62% from December 2022 to July 2026.

WesBanco had 62% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.WesBanco had 62% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Fast revenue growth. Revenue grew 62% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.

Revenue grew 62% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

Questions investors ask about WesBanco

Is WesBanco getting weaker?

Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 70/100 since Oct 28, 2026.

How is WesBanco valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 950 banks & insurance peers. Book yield 110.3% vs a peer median of 79.5% (stronger than 75% of peers).Book yield 110.3% vs peers 79.5% (stronger than 75% of peers).

Is WesBanco growing?

Yes, faster than most of its peers. Growth scores 95/100 against 950 banks & insurance peers. Earnings per share growth 163.3% vs a peer median of 16.0% (stronger than 95% of peers).Earnings per share growth 163.3% vs peers 16.0% (stronger than 95% of peers).

How profitable is WesBanco?

About as profitable as its peers. Profitability scores 42/100 against 950 banks & insurance peers. Return on equity 8.7% vs a peer median of 10.7% (weaker than 66% of peers).Return on equity 8.7% vs peers 10.7% (weaker than 66% of peers).

How risky is WesBanco?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Net income (12 months)

320.7M USD

356.0M USD

+11.0%

Debt

1.4B USD

1.7B USD

+25.0%

Cash

960.4M USD

871.8M USD

−9.2%

Shares outstanding

96.2M

95.9M

−0.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

1.4%

1.1%

0.9%

0.8%

▼ 0.0 pts

Return on equity (ROE)

9.0%

7.9%

6.3%

5.4%

5.5%

▲ 0.1 pts

Debt to equity

0.17×

0.46×

0.68×

0.53×

0.40×

▼ 24%