BofA update shows where active managers are putting money
WHEELING, W.Va. - WesBanco, Inc. (NASDAQ:WSBC) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.37 per share to be paid to holders of common stock. The bank has maintained dividend payments for 49 consecutive years, with 14 straight years of dividend increases, according to InvestingPro data.
The dividend will be payable on October 1, 2025, to shareholders of record on September 5, 2025. This payment represents an annualized cash dividend rate of $1.48 per common share, yielding approximately 4.75% at current prices.
WesBanco is a diversified, multi-state bank holding company with approximately $27.6 billion in total assets as of June 30, 2025. With a market capitalization of $3.16 billion and trading at 0.86 times book value, the company’s Trust and Investment Services division holds $7.2 billion of assets under management, while its broker/dealer maintains securities account values of $2.6 billion, including annuities.
The financial institution operates across an eight-state footprint, offering retail and commercial banking solutions, as well as trust, brokerage, wealth management, and insurance services.
Founded over 150 years ago, WesBanco is headquartered in Wheeling, West Virginia. The information in this article is based on a company press release statement.
In other recent news, WesBanco Inc. reported its second-quarter 2025 earnings, which showed a notable shortfall in its earnings per share (EPS) compared to market expectations. The company posted an EPS of $0.57, which was significantly below the projected $0.85, resulting in a negative surprise of 32.94%. Despite this, WesBanco slightly exceeded revenue expectations, reporting $260.73 million against a forecast of $259.85 million. In another development, WesBanco has appointed Richard Laws as Senior Executive Vice President and Chief Legal Counsel, effective August 18, 2025. Laws, who has over 25 years of legal experience, will lead the company’s legal functions and provide strategic counsel to the executive team and Board of Directors. These recent developments reflect ongoing changes and challenges within WesBanco.
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