WesBanco Bank, Inc. is an FDIC insured institution headquartered at
1 Bank Plz, Wheeling, WV 26003.
It was founded in
1870 and has approximately $18 billion in
assets. Customers can open an account at one of its 180 branches.
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Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 803
Date Established
1870
Assets
$ 18.10 billion
Loans
$ 12.15 billion
Deposits
$ 13.65 billion
Capital
$ 2.59 billion
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 485.95 million
Interest-bearing balances
$ 310.45 million
Total securities
$ 3.28 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 12.15 billion
Loan loss allowance
$ 136.51 million
Trading account assets
$ 10.56 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 1.22 million
Goodwill and other intangibles
$ 1,128.10 million
All other assets
$ 660.04 million
Total Assets
$ 15.51 billion
LIABILITIES
Total deposits
$ 13.65 billion
Interest-bearing deposits
$ 9.61 billion
Deposits held in domestic offices
$ 13.65 billion
% insured (estimated)
70.28%
Federal funds purchased and repurchase agreements
$ 105.76 million
Trading liabilities
N.A.
Other borrowed funds
$ 170.72 million
Subordinated debt
N.A.
All other liabilities
$ 141.32 millionn
Total Liabilities
$ 15.51 billion
Shareholders’ Equity
$ 2.59 billion
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 398.70 million
Total Interest Expense
$ 159.65 million
Net interest income
$ 239.05 million
Provision for loan and lease losses
$ 14.56 million
Total non interest income
$ 55.76 million
Total non interest expense
$ 190.52 million
Pre-tax Net Operating Income
$ 112.06 million
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