WesBanco, Inc.

WesBanco, Inc.

WesBanco, Inc.

Overview
Date Founded

1870

Headquarters

One Bank Plaza,Wheeling, WV 26003

Type of Company

Public

Employees (Worldwide)

1,940

Industries

Holding Companies
Retail & Commercial Banking
Consumer Finance

Company Description

WesBanco, Inc. is a bank holding company. It offers financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. The company 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 installment 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 in 1870 and is headquartered in Wheeling, WV.

Contact Data
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Executives & Employees

Executive Vice President-Chief Financial Officer

Executive Vice President & Chief Investment Officer

Executive Vice President & Chief Internal Auditor

Executive Vice President & Chief Banking Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Retail Banking Officer

Executive Vice President-Treasury & Strategic Planning

Executive Vice President-Chief Risk & Administrative Officer

Executive Vice President-Human Resources

Board of Directors

Managing Member & Partner at Phillips, Gardill Kaiser & Altmeyer PLLC

Chief Financial Officer & Executive Vice President at The E W Scripps Co.

Partner at McCamic, Sacco, Pizzuti & McCoid PLLC

President & Chief Executive Officer at Libs Paving Co., Inc.

Former President & Chief Executive Officer at PHSB Financial Corp.

President at Nelson Enterprises Theatrical Supply Co. LLC

Former Vice President at Fidelity National Title Insurance Co.

President & Chief Executive Officer at Atlas Towing Co.

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WesBanco, Inc.
Owners & Shareholders
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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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WesBanco Bank offers access to a wide array of mutual funds and separately managed accounts across most asset classes and investment styles. The bank seeks to assist individual investors in determining the most efficient portfolio relative to risk, return and tax efficiency. WesBanco Bank employs conservative, long-term strategies designed to meet clients' unique investment objectives with the least amount of risk.

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River Road Asset Management employs a a highly disciplined, proprietary investment approach which they refer to as \"Absolute Value.\" The strategy incorporates the most proven and enduring principles of value equity investing, with a specific avoidance of the pitfalls associated with the common Deep Value and Relative Value investment styles. The objective of this approach is to generate attractive, sustainable, low volatility returns over the long-term, with emphasis on minimizing downside portfolio risk. The approach is based on four principal tenants: a focus on excellent companies trading at compelling prices; bottom-up portfolio construction; a focus on less efficient areas of the equity market; and risk aversion. River Road's strategies include: Small Cap Value and Small-Mid Cap Value; Dividend All-Cap Value and Dividend All-Cap Value II; Long-Short Equity; and Focused Absolute Value.For their Small-Cap Value and Small-Mid Cap Value Strategies, River Road primarily invests in small-cap or small- to mid-cap companies that are trading below the portfolio managers’ assessment of their valuation as determined using their proprietary Absolute Value approach. Investments may also include mid-cap stocks, REITs, convertible securities, and foreign stocks.For their Dividend All-Cap Value and Dividend All-Cap Value II Strategies, the firm primarily invests in an all-cap portfolio of income producing equity securities that are trading below the portfolio managers’ assessment of their valuation. The portfolio managers primarily invest in dividend paying common stocks but may also invest in a broad range of foreign stocks, publicly traded partnerships, convertible preferred stocks, REITS, investment companies, and royalty income trusts. River Road's Long-Short Equity Strategy primarily invests in long and short equity securities, but may also invest in REITs, convertible securities, preferred stocks, foreign stocks, publicly traded partnerships, options, ETFs, futures, and other index-based investments. The River Road Focused Absolute Value (FAV) Strategy is a concentrated, all-cap portfolio of equity securities chosen from a universe consisting of companies held in River Road's other strategies. The strategy may invest in common stocks, foreign stocks, publicly traded partnerships, convertible preferred stocks, REITs, investment companies, and royalty income trusts.

Recent Transactions
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WesBanco, Inc. purchases Farmers Capital Bank Corp.

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WesBanco, Inc. purchases First Sentry Bancshares, Inc.

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WesBanco, Inc. purchases Your Community Bankshares, Inc.

Insider Transactions
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Transaction Advisors
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Advised onWesBanco, Inc. purchases Your Community Bankshares, Inc.

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Advised onWesBanco, Inc. purchases Winton Financial Corp.

Legal Advisor

Advised onWesBanco, Inc. purchases Your Community Bankshares, Inc.

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Advised onWesBanco, Inc. purchases Your Community Bankshares, Inc.

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Advised onWesBanco, Inc. purchases ESB Financial Corp.

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Advised onWesBanco, Inc. purchases ESB Financial Corp.

Key Stats and Financials As of 2017
Market Capitalization
$2.34B
Total Enterprise Value
$2.99B
Earnings Per Share
$2.14
Revenue
$422M
TEVNet Income
31.66x
Debt TEV
0.43x
Total Debt
$1.3B
Total Equity
$1.4B
Net Profit
$94.5M
Enterprise Value Sales
7.09x
Three Year Compounded Annual Growth Rate Of Revenue
14.04%
Five Year Compounded Annual Growth Rate Of Revenue
8.83%
Non-Profit Donations & Grants
Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - San Francisco, CA

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

KeyCorp Retail & Commercial Banking - Cleveland, Ohio

KeyCorp operates as bank holding company. It operates through its subsidiary, KeyBank National Association provides retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients. The company operates through the following business segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and personalized wealth management products and services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory and public finance. KeyCorp was founded in 1958 and is headquartered in Cleveland, OH.

Huntington Bancshares, Inc. Retail & Commercial Banking - Columbus, OH

Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.