Wesbanco, inc. (WSBC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST AND DIVIDEND INCOME
Loans, including fees

393,166

331,961

272,007

226,993

203,993

172,182

175,323

166,656

175,818

189,380

204,317

Interest and dividends on securities:
Taxable

65,648

56,898

38,631

38,490

39,314

29,233

29,193

32,461

36,034

35,375

38,651

Tax-exempt

20,006

20,778

19,489

18,390

16,764

13,589

13,128

12,399

12,109

11,408

14,010

Total interest and dividends on securities

85,654

77,676

58,120

56,880

56,078

42,822

42,321

44,860

48,143

46,783

52,661

Other interest income

5,433

5,320

2,297

2,224

1,641

987

246

170

206

365

386

Total interest and dividend income

484,253

414,957

332,424

286,097

261,712

215,991

217,890

211,686

224,167

236,528

257,364

INTEREST EXPENSE
Interest bearing demand deposits

16,805

13,144

6,452

2,817

1,943

1,568

1,415

1,526

2,160

3,196

2,921

Money market deposits

8,024

5,016

2,775

1,860

1,914

1,877

1,462

2,183

4,802

6,894

6,687

Savings deposits

2,995

1,225

745

696

640

532

525

864

1,505

2,242

2,385

Certificates of deposit

15,631

12,450

10,108

10,419

11,033

13,286

22,010

26,371

31,054

36,817

52,827

Total interest expense on deposits

43,455

31,835

20,080

15,792

15,530

17,263

25,412

30,944

39,521

49,149

64,820

Federal Home Loan Bank borrowings

26,548

23,333

13,290

11,985

5,510

968

1,151

4,473

7,199

12,721

21,849

Other short-term borrowings

5,401

3,717

1,442

478

370

1,333

2,525

4,480

4,823

4,774

6,971

Subordinated debt and junior subordinated debt

8,945

8,836

7,317

4,512

3,315

3,199

3,315

3,438

3,259

3,792

5,352

Total interest expense

84,349

67,721

42,129

32,767

24,725

22,763

32,403

43,335

54,802

70,436

98,992

NET INTEREST INCOME

399,904

347,236

290,295

253,330

236,987

193,228

185,487

168,351

169,365

166,092

158,372

Provision for credit losses

11,198

7,764

9,986

8,478

8,353

6,405

9,086

19,874

35,311

44,578

50,372

Net interest income after provision for credit losses

388,706

339,472

280,309

244,852

228,634

186,823

176,401

148,477

134,054

121,514

108,000

NON-INTEREST INCOME
Electronic banking fees

22,634

23,300

19,183

15,596

14,361

12,708

12,198

11,336

10,088

8,482

7,422

Net securities brokerage revenue

6,990

7,186

6,672

6,449

7,692

6,922

6,248

4,604

4,413

4,563

4,169

Bank-owned life insurance

5,913

6,427

4,794

4,064

4,863

4,614

4,664

3,516

3,566

4,505

4,623

Mortgage banking income

8,219

5,840

5,053

2,529

2,071

1,604

2,614

2,876

1,977

2,885

2,094

Net securities gains

4,320

-900

567

2,357

948

903

684

2,463

963

3,362

6,046

Net gain on other real estate owned and other assets

732

524

658

790

356

-1,006

-81

-305

-1,290

-4,128

-747

Other income

14,355

9,606

8,641

9,751

5,532

5,555

5,456

5,103

4,369

3,450

2,864

Total non-interest income

116,716

100,276

88,840

81,499

74,466

68,504

69,285

64,775

59,888

59,599

64,589

NON-INTEREST EXPENSE
Salaries and wages

132,485

114,602

97,361

84,281

77,340

67,408

65,431

58,913

56,673

54,663

54,399

Employee benefits

39,313

30,079

29,933

27,952

26,896

21,518

23,255

21,462

17,321

18,104

19,957

Net occupancy

22,505

19,165

17,101

14,664

13,635

12,122

11,809

10,905

11,255

10,728

10,269

Equipment

20,494

17,207

16,026

14,543

13,194

11,542

10,669

9,221

8,745

9,914

10,726

Marketing

6,062

5,368

5,720

5,391

5,646

5,242

5,174

4,235

5,142

4,187

5,094

FDIC insurance

1,956

3,242

3,504

3,990

4,107

3,376

3,725

3,899

4,768

6,681

8,817

Amortization of intangible assets

10,340

6,980

4,940

3,598

3,136

1,920

2,288

2,150

2,410

2,729

3,110

Restructuring and merger-related expense

16,397

17,860

945

13,261

11,082

1,309

1,310

3,888

-

175

-

Other operating expenses

62,656

50,721

45,330

41,000

38,887

37,196

37,337

35,447

33,981

33,971

37,276

Total non-interest expense

312,208

265,224

220,860

208,680

193,923

161,633

160,998

150,120

140,295

141,152

149,648

Income before provision for income taxes

193,214

174,524

148,289

117,671

109,177

93,694

84,688

63,132

53,647

39,961

22,941

Provision for income taxes

34,341

31,412

53,807

31,036

28,415

23,720

20,763

13,588

9,838

4,350

-992

NET INCOME

158,873

143,112

94,482

86,635

80,762

69,974

63,925

49,544

43,809

35,611

23,933

EARNINGS PER COMMON SHARE
Preferred dividends and expense associated with unamortized discount and issuance costs

-

-

-

-

-

-

-

-

-

-

5,233

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

-

-

-

18,700

Basic

2.83

2.93

2.15

2.16

2.15

2.39

2.18

1.84

1.65

1.34

0.70

Diluted

2.83

2.92

2.14

2.16

2.15

2.39

2.18

1.84

1.65

1.34

0.70

AVERAGE COMMON SHARES OUTSTANDING
Basic

56,108

48,889

44,003

40,100

37,488

29,249

29,270

26,867

26,614

26,579

26,566

Diluted

56,214

49,022

44,075

40,127

37,547

29,333

29,344

26,888

26,615

26,580

26,567

DIVIDENDS DECLARED PER COMMON SHARE

1.24

1.16

1.04

0.96

0.92

0.88

0.78

0.70

0.62

0.56

0.84

Total Trust Fees [Member]
NON-INTEREST INCOME

26,579

24,623

22,740

21,630

21,900

21,069

19,577

18,044

17,173

15,835

13,746

Service Charges on Deposits [Member]
NON-INTEREST INCOME

26,974

23,670

20,532

18,333

16,743

16,135

17,925

17,138

18,629

20,645

24,372