WSBCO

MKT CAP:$2B

WesBanco, Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$25.60-$0.09 (-0.35%)

Apr 22, 2026

Company Details

WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in ...

CEO

Jeffrey H. Jackson

IPO Date

Sep 11, 2025

Website

www.wesbanco.com

Key Metrics TTM

Revenue

$1.0B

+34.7% YoY

Net Income

$191M

EPS (Diluted)

$2.36

Free Cash Flow

$233M

Revenue / Share

$10.91

Gross Margin

63.7%

Operating Margin

22.5%

Net Margin

18.2%

FCF Margin

22.2%

P/S

2.4x

P/E

12.9x

Earnings Reports

FY 2025

Dec 30, 2025

$1.3B+35.8%EPS $2.23

Q4 2025

Dec 30, 2025

$376MEPS $0.81

FY 2024

Dec 31, 2024

$948M+14.9%EPS $2.26

Q2 2024

Jun 29, 2024

$227M+9.1%EPS $0.44

Q1 2024

Mar 30, 2024

$226M+24.2%EPS $0.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$171M	$161M	$65M
Q1 21	$157M	$176M	$91M
Q2 21	$157M	$171M	$89M
Q3 21	$145M	$141M	$55M
Q4 21	$146M	$154M	$66M
Q1 22	$139M	$138M	$54M
Q2 22	$145M	$140M	$53M
Q3 22	$166M	$157M	$65M
Q4 22	$177M	$154M	$64M
Q1 23	$182M	$142M	$52M
Q2 23	$208M	$150M	$54M
Q3 23	$213M	$141M	$44M
Q4 23	$221M	$143M	$44M
Q1 24	$226M	$140M	$43M
Q2 24	$227M	$130M	$35M
Q4 25	$376M	$255M	$115M

Valuation

Quarter	P/S	P/E
Q4 20	3.7x	20.1x
Q1 21	3.7x	14.2x
Q2 21	3.8x	10.3x
Q3 21	3.9x	10.2x
Q4 21	4.0x	10.1x
Q1 22	4.2x	11.5x
Q2 22	4.3x	13.2x
Q3 22	4.1x	12.6x
Q4 22	3.9x	12.7x
Q1 23	3.7x	12.9x
Q2 23	3.3x	12.7x
Q3 23	3.1x	13.9x
Q4 23	3.0x	15.4x
Q1 24	2.8x	16.1x
Q2 24	2.8x	17.9x
Q4 25	2.3x	12.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$162M	$161M
Q1 21	$52M	$50M
Q2 21	$177M	$175M
Q3 21	$47M	$46M
Q4 21	-$81M	-$84M
Q1 22	$48M	$47M
Q2 22	$38M	$36M
Q3 22	$111M	$108M
Q4 22	-$10M	-$12M
Q1 23	$11M	-$1M
Q2 23	$47M	$42M
Q3 23	$64M	$61M
Q4 23	$55M	$52M
Q1 24	$65M	$62M
Q2 24	$18M	$19M
Q4 25	$97M	$100M

Capital Expenditures

Quarter	CapEx
Q4 20	$2M
Q1 21	$2M
Q2 21	$2M
Q3 21	$1M
Q4 21	$3M
Q1 22	$559.0K
Q2 22	$2M
Q3 22	$2M
Q4 22	$3M
Q1 23	$12M
Q2 23	$5M
Q3 23	$3M
Q4 23	$3M
Q1 24	$3M
Q2 24	$866.0K
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+25.7%	+15.0%
Q1 21	-2.2%	-51.0%
Q2 21	-5.8%	-58.2%
Q3 21	-9.8%	-19.6%
Q4 21	-14.9%	-25.6%
Q1 22	-11.0%	+30.9%
Q2 22	-7.4%	+36.1%
Q3 22	+14.5%	+11.9%
Q4 22	+21.4%	+42.0%
Q1 23	+30.4%	+51.7%
Q2 23	+43.0%	+66.6%
Q3 23	+28.2%	+67.3%
Q4 23	+25.3%	+58.0%
Q1 24	+24.2%	+40.8%
Q2 24	+9.1%	+24.7%
Q4 25	+76.3%	+54.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 20	$63M
Q1 21	$61M
Q2 21	$60M
Q3 21	$65M
Q4 21	$66M
Q1 22	$63M
Q2 22	$64M
Q3 22	$70M
Q4 22	$67M
Q1 23	$70M
Q2 23	$71M
Q3 23	$73M
Q4 23	$73M
Q1 24	$72M
Q2 24	$71M
Q4 25	$103M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$201M	$0	$201M
Q2 22	$187M	$0	$187M
Q3 22	$212M	$0	$212M
Q4 22	$166M	$0	$166M
Q1 23	$153M	$0	$153M
Q2 23	$178M	$0	$178M
Q3 23	$153M	$0	$153M
Q4 23	$159M	$0	$159M
Q1 24	$139M	$0	$139M
Q2 24	$174M	$0	$174M
Q3 24	$621M	$2.2B	$2.8B
Q4 24	$568M	$213M	$781M
Q1 25	$1.1B	$254M	$1.3B
Q2 25	$1.2B	$248M	$1.4B
Q3 25	$1.0B	$234M	$1.2B
Q4 25	$205M	$0	$205M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	67M	+0.1%	+11.1%
Q1 21	67M	+0.1%	-0.3%
Q2 21	67M	-0.4%	-0.2%
Q3 21	65M	-3.0%	-3.3%
Q4 21	63M	-2.9%	-6.1%
Q1 22	62M	-2.5%	-8.6%
Q2 22	60M	-2.3%	-10.3%
Q3 22	60M	-0.8%	-8.3%
Q4 22	59M	-0.5%	-6.0%
Q1 23	59M	+0.0%	-3.6%
Q2 23	59M	+0.0%	-1.3%
Q3 23	59M	+0.1%	-0.4%
Q4 23	59M	+0.1%	+0.2%
Q1 24	60M	+0.1%	+0.3%
Q2 24	60M	+0.2%	+0.5%
Q4 25	96M	+61.3%	+61.9%

Shares Outstanding