Docoh
Loading...

WSBC Wesbanco

WesBanco, Inc. is a bank holding company, which offers financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. It operates through the following segments: Community Banking, and Trust & Investment Services. The Community Banking segment offers services traditionally offered by service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual instalment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The Trust & Investment Services segment offers trust services as well as various alternative investment products including mutual funds. The company was founded on April 3, 1870 and is headquartered in Wheeling, WV.

Company profile

Ticker
WSBC, WSBCP
Exchange
CEO
Todd F. Clossin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
550571723

WSBC stock data

(
)

Calendar

6 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Wesbanco earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 759.05M 759.05M 759.05M 759.05M 759.05M 759.05M
Cash burn (monthly) 48.8M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 118.55M n/a n/a n/a n/a n/a
Cash remaining 640.49M n/a n/a n/a n/a n/a
Runway (months of cash) 13.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 May 21 Dargusch Jonathan D Common Stock Sell Dispose S No No 38.5436 2,000 77.09K 26,058.345
25 May 21 Dargusch Jonathan D Common Stock Sell Dispose S No No 38.6136 1,125 43.44K 28,058.345
25 May 21 Dargusch Jonathan D Common Stock Sell Dispose S No No 38.7465 2,250 87.18K 29,183.345
25 May 21 Dargusch Jonathan D Common Stock Option exercise Aquire M No No 31.58 2,000 63.16K 31,433.345
25 May 21 Dargusch Jonathan D Common Stock Option exercise Aquire M No No 21.55 1,125 24.24K 29,433.345
25 May 21 Dargusch Jonathan D Common Stock Option exercise Aquire M No No 32.37 2,250 72.83K 28,308.345
25 May 21 Dargusch Jonathan D Stock Option Common Stock Option exercise Dispose M No No 31.58 2,000 63.16K 0
25 May 21 Dargusch Jonathan D Stock Option Common Stock Option exercise Dispose M No No 21.55 1,125 24.24K 1,125
25 May 21 Dargusch Jonathan D Stock Option Common Stock Option exercise Dispose M No No 32.37 2,250 72.83K 0
19 May 21 Knouse-Snyder Denise H Common Stock Grant Aquire A No No 0 258 0 6,482.381

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

61.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 204 184 +10.9%
Opened positions 38 27 +40.7%
Closed positions 18 24 -25.0%
Increased positions 58 56 +3.6%
Reduced positions 64 62 +3.2%
13F shares
Current Prev Q Change
Total value 1.48B 1.47B +0.8%
Total shares 41.05M 39.49M +3.9%
Total puts 8.1K 7.9K +2.5%
Total calls 0 7.4K EXIT
Total put/call ratio Infinity 1.1 +Infinity%
Largest owners
Shares Value Change
Vanguard 6.11M $220.44M +1.5%
BLK Blackrock 5.46M $196.86M +5.7%
Dimensional Fund Advisors 4.56M $164.59M -1.6%
MCQEF Macquarie 2.45M $88.47M -28.2%
Wesbanco Bank 1.91M $68.96M NEW
STT State Street 1.87M $68.16M +25.7%
FMR 1.32M $47.66M +9.3%
Geode Capital Management 1.17M $42.09M +9.7%
NTRS Northern Trust 975.64K $35.18M -24.6%
Victory Capital Management 950.68K $34.28M -4.2%
Largest transactions
Shares Bought/sold Change
Wesbanco Bank 1.91M +1.91M NEW
MCQEF Macquarie 2.45M -962.34K -28.2%
Norges Bank 0 -655.7K EXIT
IVZ Invesco 535.45K +449.91K +525.9%
STT State Street 1.87M +383.79K +25.7%
NTRS Northern Trust 975.64K -317.85K -24.6%
BLK Blackrock 5.46M +296.41K +5.7%
Renaissance Technologies 248.95K -214.25K -46.3%
BAC Bank Of America 818.86K +205.36K +33.5%
Earnest Partners 533.81K -157.77K -22.8%

Financial report summary

?
Management Discussion
  • Net income available to common shareholders for the three months ended March 31, 2021 was $70.6 million, with diluted earnings per share of $1.05, compared to $23.4 million or $0.35 per diluted share, respectively, for the first quarter of 2020.  Excluding after-tax restructuring and merger-related expenses (non-GAAP measure) in both periods, for the three months ended March 31, 2021, net income available to common shareholders was $71.3 million, or $1.06 per diluted share, as compared to $27.5 million or $0.41 per diluted share, respectively, in the prior year quarter.
  • Net interest income decreased $3.7 million or 3.1% in the first quarter of 2021 compared to the same quarter of 2020, reflecting lower loan yields, due to repricing of existing loans and new lower rates offered in the current market environment, lower purchase accounting related accretion and lower rates on investment securities, partially offset by lower interest on deposits and borrowings.  As a result of the lower rates, the net interest margin decreased by 27 basis points to 3.27% in the first quarter of 2021 as compared to the first quarter of 2020.  Over the same time period, the yield on earning assets decreased a total of 68 basis points and the cost of interest bearing liabilities decreased 54 basis points.  Average loan balances increased by 5.0% from the first quarter of 2020, mainly attributable to participation in the PPP loan program, while average deposits, excluding certificates of deposit, increased 24.6% over the same time period, due mostly to stimulus deposits and increased personal savings.   Accretion from acquisitions benefited the first quarter 2021 net interest margin by 13 basis points, as compared to 22 basis points in the prior year period.  Lastly, the forgiveness of existing and the funding of new PPP loans positively impacted the first quarter 2021 net interest margin by a net 11 basis points.
  • Improved macroeconomic factors, which include lower unemployment projections, utilized in the CECL calculation drove a net benefit of provision for credit losses and resulted in a negative provision of $28.0 million in the first quarter of 2021 as compared to a provision of $29.8 million in the first quarter of 2020.  Annualized net charge-offs, as a percentage of average portfolio loans, were 0.02% and 0.18% for the first quarter of 2021 and 2020, respectively.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: advertising, beneficial, brand, Bylaw, cessation, clarification, description, discretionary, drove, entirety, facility, faster, favorably, franchise, harmonize, movement, outpaced, outpacing, permanent, Restated, score, slight, split, suitable, tailored, text, treat, turn, upcoming
Removed: abundance, accretable, accrete, alter, amendment, America, apply, arrive, assessed, assisted, assumed, assured, authorization, bankruptcy, Bowie, budget, build, buyback, calculate, capitalizing, carryover, categorized, caution, Cincinnati, cleared, clearing, Cloud, Codification, collect, collectability, collecting, collectively, competitor, Comptroller, Computing, concession, concluding, conserve, consisting, continually, create, creditor, Currency, curtailment, DCF, debtor, declaring, declined, deductible, deem, deemed, defer, depreciation, deteriorated, determination, determining, developed, difficulty, disclose, discounting, disposition, distancing, documentation, doubt, downturn, Durbin, earlier, easing, economy, efficacy, eliminate, enact, establishing, estimating, evaluate, exceeded, execute, expanded, expectation, experienced, experiencing, factored, fell, final, finalize, finalizing, fluctuate, FOMC, forced, foreseeable, fractional, Framework, free, gap, geographical, grouped, headquartered, health, heighten, HELOC, hosting, household, HTM, II, immaterial, implemented, instituted, integration, inverted, issuing, judgement, July, larger, launched, LCD, leading, lease, license, light, long, maintenance, match, materiality, MD, merger, merit, midway, modest, multiple, OCC, occupancy, offer, opening, original, outbreak, oversee, Paycheck, PCD, pertaining, phrase, pledging, pool, postretirement, potentially, practicable, precautionary, predicted, preliminary, presently, profitability, prolonged, promote, pronouncement, protect, publicly, quarantine, reaction, redemption, referred, refined, removed, renegotiated, rental, repair, repossession, reputable, resumed, retain, retained, retention, returned, reversal, seasonal, segmentation, selected, separately, September, shelter, significance, situation, social, sponsor, staffing, standardized, stated, Street, Subtopic, summer, supplementing, supported, suspending, suspension, target, Targeted, team, tested, theft, timeframe, track, transferred, troubled, uncollectible, validate, variability, vast, vendor, Wall, widespread, working