WesBanco names Kevin McCormack as Mid-Atlantic market president

WHEELING, W.Va. - WesBanco, Inc. (NASDAQ:WSBC), a bank holding company with a market capitalization of $3.19 billion and strong recent performance according to InvestingPro data, has appointed Kevin McCormack as Mid-Atlantic Market President and Senior Commercial Banker, effective immediately, according to a company press release issued Friday.

In his new position, McCormack will focus on growth initiatives in the Maryland and Washington D.C. metro areas while overseeing WesBanco’s community involvement across the region, which encompasses more than 20 counties and 25 financial centers.

McCormack brings over 20 years of commercial banking experience to the role. He previously served as Commercial Banking Leader for Greater Washington at Atlantic Union Bank and held leadership positions at Wells Fargo Bank and M&T Bank.

"His strategic insight and business acumen make him an invaluable resource to both our teams and the clients we serve," said Rich Hunt, Executive Vice President, Commercial Regional President, in the statement.

Active in community service, McCormack serves on the Board of Directors for the James Hollister Foundation and the Finance Committee for Our Lady of Good Counsel High School. He also volunteers with the American Red Cross National Capital & Greater Chesapeake Region.

McCormack holds a Bachelor of Arts degree in economics from the University of Notre Dame and an MBA with a finance concentration from the University of Maryland.

WesBanco is a diversified, multi-state bank holding company with $27.4 billion in total assets as of March 31, 2025. The company has demonstrated strong financial stability, maintaining dividend payments for 49 consecutive years and offering a current dividend yield of 4.44%. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.

In other recent news, WesBanco Inc. reported its first-quarter 2025 earnings with an earnings per share (EPS) of $0.66, surpassing analysts’ expectations of $0.56. Despite the earnings beat, the company’s revenue fell short, reaching $193.18 million against the anticipated $201.64 million. WesBanco’s net income rose by 54% year-over-year to $51.2 million, and total assets increased by the same percentage, reaching $27.4 billion. The company also completed its acquisition of Premier Financial, a strategic move expected to enhance its market position. WesBanco projects mid to upper single-digit loan growth for 2025, with an expected net interest margin exceeding 3.5% in the second quarter. Analysts from firms like Piper Sandler and KBW have shown interest in the company’s financial strategies and integration progress post-acquisition. The bank’s focus remains on building capital and integrating Premier Financial to realize the anticipated benefits.

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