WESBANCO INC company info

CIK 203596
IRS Number 550571723
State of incorporation WV
Business address 1 BANK PLAZA
Mail address ONE BANK PLZ

Short summary

WESBANCO INC is a West Virginia company, with head office located at 1 Bank Plaza Wheeling, West Virginia 26003. The company achieved a record breaking net income last year - 94.48 million USD. This is 9.06% higher than one reported in 2016. In 2017 the company owned a total of 10.95 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 10.86% growth from the last year and a 101.75% increase in the 7 year period.

WESBANCO INC Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Interest expense 98.9970.4454.8043.3432.4022.7624.7332.7742.13
Income Tax Expense (Benefit) -0.994.359.8413.5920.7623.7228.4231.0453.81
Net income 23.9335.6143.8149.5463.9369.9780.7686.6494.48

WESBANCO INC Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 141.17120.3583.35102.8278.0794.49108.7487.63110.70155.56
Collateral Already Posted, Aggregate Fair Value 7.202.30
Property, Plant and Equipment, Gross 192.35202.81212.67199.74226.27251.66258.99
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 110.14113.94119.51106.61114.07118.36128.26
Goodwill 274.10312.90312.10481480.60573.80573.90
Total assets 5,425.915,525.416,084.016,277.028,375.428,397.429,874.0110,946.58
Total liabilities 4,802.874,876.295,357.785,498.407,280.777,233.008,496.479,422.48
Common Stock, Value, Issued 55.4955.5661.0161.1880.3080.3091.7597.20
Retained Earnings (Accumulated Deficit) 375.69403.75441.17482.79522.39576.48626.42692.82
Accumulated Other Comprehensive Income (Loss), Net of Tax 2.951.88-0.84-17.33-5.39-21.70-3.10-22.12-53.35


Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 23.9335.6143.8149.5463.9369.9780.7686.6494.48
Depreciation and amortization 6.806.206.1077.408.109.2010.40
Amortization of Intangible Assets 3.112.732.412.152.291.923.143.604.94
Depreciation and amortization 7.596.856.246.056.987.398.129.2410.44
Deferred Income Tax Expense (Benefit) -8.52-3.220.87-0.086.538.6910.6710.8227.11
Net Cash Provided by (Used in) Operating Activities 41.43104.07108.7076.82111.48
Payments to Acquire Property, Plant, and Equipment 2.652.702.515.978.857.379.582.066.04
Payments to Acquire Businesses, Net of Cash Acquired 15.4528.55-4.86
Net Cash Provided by (Used in) Investing Activities 338.80-43.93-178.0055.44-164.50
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 55.44-164.50-173.01-210.59194.59-77.38
Proceeds from Issuance of Common Stock 0.042.541.711.04
Payments of Ordinary Dividends, Common Stock 15.9718.1222.2425.1433.0137.8144.86
Net Cash Provided by (Used in) Financing Activities -438.54-63.87130.49-146.9722.97
Cash and Cash Equivalents, Period Increase (Decrease) -58.30-3.7361.19-14.72-30.05-1.55-7.3241.49-10.60