WesBanco, Inc. (WSBC)

WesBanco Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	689.05	596.85	422.4	415.97	465.68	393.17
Interest Income on Investments	114.32	114.66	91.26	69	75.6	91.09
Total Interest Income	803.37	711.52	513.66	484.97	541.28	484.25
Interest Paid on Deposits	248.81	151.82	23.95	14.13	27.05	43.46
Interest Paid on Borrowings	85.11	78.36	15.4	12.91	34.75	40.89
Total Interest Expense	333.91	230.18	39.34	27.03	61.8	84.35
Net Interest Income	469.46	481.34	474.31	457.93	479.48	399.9
Net Interest Income Growth (YoY)	-4.86%	1.48%	3.58%	-4.49%	19.90%	15.17%
Trust Income	32.29	35.05	34.62	35.99	26.34	26.58
Mortgage Banking Activities	3.69	2.65	5.13	19.53	22.74	8.22
Gain (Loss) on Sale of Investments	2.23	0.9	-1.78	1.11	4.27	4.32
Other Non-Interest Income	54.23	54.21	52.66	48.92	52.8	49.89
Total Non-Interest Income	121.67	120.45	117.39	132.79	128.19	116.72
Non-Interest Income Growth (YoY)	2.99%	2.60%	-11.59%	3.59%	9.83%	16.39%
Revenues Before Loan Losses	591.13	601.79	591.7	590.72	607.67	516.62
Provision for Loan Losses	24.15	17.73	-1.66	-64.27	107.74	11.2
Revenue	566.98	584.05	593.37	654.99	499.92	505.42
Revenue Growth (YoY)	-4.80%	-1.57%	-9.41%	31.02%	-1.09%	14.93%
Salaries and Employee Benefits	209.74	210.84	193	183.18	183.99	161.9
Occupancy Expenses	20.98	20.74	21.51	21.64	21.78	17.11
Federal Deposit Insurance	13.95	12.25	7.9	4.15	7.73	1.96
Amortization of Goodwill & Intangibles	8.46	9.09	10.28	11.46	13.41	10.34
Selling, General & Administrative	68.08	65.44	58.24	55.94	47.46	41.86
Other Non-Interest Expense	73.32	67.81	64.32	70.06	70.75	62.66
Total Non-Interest Expense	394.52	386.17	355.24	346.43	345.12	295.81
EBT Excluding Unusual Items	172.46	197.88	238.12	308.57	154.8	209.61
Pretax Income	166.7	194.05	236.4	301.85	145.08	193.21
Income Tax Expense	29.86	35.02	44.29	59.59	23.04	34.34
Net Income	136.85	159.03	192.11	242.26	122.04	158.87
Preferred Dividends & Other Adjustments	10.13	10.13	10.13	10.13	2.64	-
Net Income to Common	126.72	148.91	181.99	232.14	119.4	158.87
Net Income Growth	-22.37%	-17.22%	-20.70%	98.50%	-23.18%	11.01%
Basic Shares Outstanding	61	59	60	66	67	56
Diluted Shares Outstanding	61	59	60	66	67	56
Shares Change (YoY)	2.45%	-1.31%	-8.31%	-2.44%	19.74%	14.67%
EPS (Basic)	2.09	2.51	3.03	3.54	1.78	2.83
EPS (Diluted)	2.09	2.51	3.02	3.53	1.77	2.83
EPS Growth	-25.21%	-16.89%	-14.45%	99.43%	-37.46%	-3.08%
Dividend Per Share	1.440	1.410	1.370	1.320	1.280	1.240
Dividend Growth	2.86%	2.92%	3.79%	3.13%	3.23%	6.90%
Effective Tax Rate	17.91%	18.05%	18.73%	19.74%	15.88%	17.77%

Source: S&P Capital IQ. Banks template. Financial Sources.