WESBANCO, INC. WSBC Income Statement

Wesbanco, inc. (WSBC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST AND DIVIDEND INCOME
Loans, including fees
119,503	105,880	95,369	96,415	95,502	97,581	86,605	78,538	69,237	69,407	70,342	67,360	64,898	66,136	55,822	52,697	52,338	52,088	51,876	52,316	47,713	43,491	43,399	42,546	42,746	43,616	43,678	43,753	44,276	42,312	41,423	40,957	41,964	42,768	44,191	44,511	44,348	46,753	47,911
Interest and dividends on securities:
Taxable
16,986	16,584	15,887	16,444	16,733	16,197	14,964	14,194	11,543	9,949	9,711	9,375	9,596	9,361	9,137	9,775	10,217	10,522	10,251	10,043	8,498	7,181	7,375	7,452	7,225	7,177	7,226	7,357	7,433	7,678	7,722	8,471	8,590	8,863	9,032	9,431	8,708	8,957	8,724
Tax-exempt
4,456	4,564	4,759	5,142	5,541	5,563	5,326	5,055	4,834	4,872	4,862	4,864	4,891	4,770	4,559	4,540	4,521	4,644	4,535	4,052	3,533	3,356	3,413	3,435	3,385	3,382	3,355	3,264	3,127	3,128	3,113	3,079	3,079	3,058	3,019	3,046	2,986	2,763	2,851
Total interest and dividends on securities
21,442	21,148	20,646	21,586	22,274	21,760	20,290	19,249	16,377	14,821	14,573	14,239	14,487	14,131	13,696	14,315	14,738	15,166	14,786	14,095	12,031	10,537	10,788	10,887	10,610	10,559	10,581	10,621	10,560	10,806	10,835	11,550	11,669	11,921	12,051	12,477	11,694	11,720	11,575
Other interest income
1,503	1,281	1,333	1,542	1,277	1,918	1,498	1,101	803	623	574	561	539	552	574	573	525	415	273	318	635	159	116	611	101	82	58	50	56	55	30	38	47	51	45	54	56	103	111
Total interest and dividend income
142,448	128,309	117,348	119,543	119,053	121,259	108,393	98,888	86,417	84,851	85,489	82,160	79,924	80,819	70,092	67,585	67,601	67,669	66,935	66,729	60,379	54,187	54,303	54,044	53,457	54,257	54,317	54,424	54,892	53,173	52,288	52,545	53,680	54,740	56,287	57,042	56,098	58,576	59,597
INTEREST EXPENSE
Interest bearing demand deposits
3,394	4,056	4,489	4,314	3,946	3,969	3,501	3,150	2,524	2,039	1,814	1,506	1,093	976	691	643	507	519	517	485	422	400	399	395	374	380	369	365	301	331	397	393	405	487	462	579	632	650	636
Money market deposits
2,352	2,143	1,973	2,009	1,899	1,685	1,360	1,093	878	806	751	644	574	510	444	450	456	483	485	490	456	484	487	466	440	440	345	338	339	461	487	493	742	1,108	1,121	1,130	1,443	1,821	2,185
Savings deposits
923	934	861	678	522	457	352	227	189	190	189	185	181	193	173	165	165	164	165	163	148	134	135	133	130	129	128	127	141	167	202	200	295	336	332	349	488	533	623
Certificates of deposit
4,054	3,800	3,830	4,098	3,903	3,661	3,276	2,977	2,536	2,596	2,610	2,491	2,411	2,585	2,592	2,583	2,659	2,630	2,662	2,869	2,872	2,980	3,254	3,422	3,630	4,384	5,597	5,881	6,148	6,321	6,450	6,621	6,979	7,347	7,728	7,929	8,050	8,817	9,322
Total interest expense on deposits
10,723	10,933	11,153	11,099	10,270	9,772	8,489	7,447	6,127	5,631	5,364	4,826	4,259	4,264	3,900	3,841	3,787	3,796	3,829	4,007	3,898	3,998	4,275	4,416	4,574	5,333	6,439	6,711	6,929	7,280	7,536	7,707	8,421	9,278	9,643	9,987	10,613	11,821	12,766
Federal Home Loan Bank borrowings
8,232	7,279	6,645	6,287	6,337	6,191	6,691	5,953	4,498	3,681	3,628	3,145	2,836	2,881	3,005	3,031	3,068	2,354	1,650	949	557	318	264	175	211	252	291	289	319	788	1,020	1,288	1,377	1,456	1,714	2,003	2,026	2,576	3,567
Other short-term borrowings
870	1,009	1,353	1,483	1,556	1,221	965	973	558	489	394	262	297	179	118	99	82	114	89	92	75	78	348	350	557	624	651	627	623	977	1,169	1,156	1,178	1,233	1,220	1,188	1,182	1,207	1,173
Subordinated debt and junior subordinated debt
2,461	2,125	2,077	2,214	2,529	2,411	2,315	2,168	1,942	1,867	1,849	1,788	1,813	1,807	1,043	840	822	775	758	888	894	808	805	796	790	809	805	808	893	841	869	854	874	838	809	811	801	986	943
Total interest expense
22,286	21,346	21,228	21,083	20,692	19,595	18,460	16,541	13,125	11,668	11,235	10,021	9,205	9,131	8,066	7,811	7,759	7,039	6,326	5,936	5,424	5,202	5,692	5,737	6,132	7,018	8,186	8,435	8,764	9,886	10,594	11,005	11,850	12,805	13,386	13,989	14,622	16,590	18,449
NET INTEREST INCOME
120,162	106,963	96,120	98,460	98,361	101,664	89,933	82,347	73,292	73,183	74,254	72,139	70,719	71,688	62,026	59,774	59,842	60,630	60,609	60,793	54,955	48,985	48,611	48,307	47,325	47,239	46,131	45,989	46,128	43,287	41,694	41,540	41,830	41,935	42,901	43,053	41,476	41,986	41,148
Provision for credit losses
29,821	1,823	4,121	2,747	2,507	2,853	1,035	1,708	2,168	2,376	2,516	2,383	2,711	2,129	2,214	1,811	2,324	2,585	1,798	2,681	1,289	1,879	1,478	849	2,199	3,144	2,819	1,021	2,102	3,272	4,497	5,903	6,202	9,632	10,836	6,802	8,041	11,778	11,675
Net interest income after provision for credit losses
90,341	105,140	91,999	95,713	95,854	98,811	88,898	80,639	71,124	70,807	71,738	69,756	68,008	69,559	59,812	57,963	57,518	58,045	58,811	58,112	53,666	47,106	47,133	47,458	45,126	44,095	43,312	44,968	44,026	40,015	37,197	35,637	35,628	32,303	32,065	36,251	33,435	30,208	29,473
NON-INTEREST INCOME
Electronic banking fees
4,254	4,335	5,253	7,154	5,892	6,604	6,139	5,728	4,829	4,788	4,883	4,984	4,528	4,305	3,945	3,742	3,604	3,691	3,849	3,496	3,325	3,160	3,268	3,267	3,013	3,013	3,124	3,195	2,866	2,807	2,846	2,920	2,763	2,602	2,679	2,523	2,284	2,230	2,190
Net securities brokerage revenue
1,679	1,392	1,765	1,973	1,860	1,871	1,836	1,809	1,670	1,509	1,721	1,680	1,762	1,330	1,473	1,750	1,896	1,795	1,996	1,842	2,059	1,389	1,701	2,003	1,829	1,604	1,506	1,641	1,497	1,284	1,131	1,114	1,075	1,047	1,182	1,088	1,096	1,874	1,616
Bank-owned life insurance
1,769	1,881	1,373	1,340	1,319	1,311	1,232	1,128	2,756	1,123	1,164	1,367	1,140	1,154	995	942	973	1,602	1,021	989	1,251	1,036	882	1,821	875	924	911	880	1,949	871	891	874	880	863	908	900	895	879	966
Mortgage banking income
1,276	2,957	2,588	1,618	1,056	1,645	1,521	1,670	1,004	1,542	1,103	968	1,440	484	814	683	548	613	779	407	272	425	550	475	154	456	745	701	712	1,016	993	599	268	679	327	389	582	985	569
Net securities gains
1,491	519	235	2,909	657	-1,303	84	358	-39	55	6	494	12	63	598	585	1,111	879	47	0	22	147	581	165	10	-3	-15	686	16	753	316	1,294	100	865	67	14	17	981	898
Net gain on other real estate owned and other assets
169	62	158	376	136	-117	150	229	262	690	-298	342	-76	410	184	214	-18	100	-18	152	122	213	-1,167	-165	113	-144	8	101	-46	-7	-48	-282	32	-312	-162	-271	-545	-654	-1,315
Other income
3,802	5,819	2,097	3,250	3,189	3,161	2,684	1,588	2,173	2,283	1,642	1,634	3,082	2,810	2,862	2,463	1,616	1,677	960	1,461	1,434	1,048	1,573	1,387	1,547	1,601	1,333	1,235	1,287	1,654	1,092	899	1,458	1,190	776	1,212	1,191	19	324
Total non-interest income
28,009	30,837	26,950	31,156	27,773	26,664	26,224	23,408	23,980	22,935	20,899	22,122	22,884	21,498	21,017	19,591	19,393	20,018	18,186	18,072	18,190	16,560	16,654	18,241	17,049	16,949	17,116	17,724	17,496	17,597	15,962	15,894	15,322	15,769	14,599	15,016	14,504	14,976	14,585
NON-INTEREST EXPENSE
Salaries and wages
38,910	36,984	32,915	31,646	30,940	32,389	30,335	26,872	25,006	25,786	24,957	23,616	23,002	24,145	21,225	19,731	19,180	19,851	19,832	19,300	18,357	16,706	17,331	16,904	16,467	17,353	16,480	15,772	15,826	15,885	14,758	13,955	14,315	14,634	14,427	13,959	13,653	13,749	13,362
Employee benefits
10,373	9,893	9,726	9,705	9,989	7,297	7,905	7,965	6,912	6,264	7,728	7,731	8,210	7,268	6,275	7,332	7,077	6,745	6,028	6,807	7,316	5,230	5,051	5,529	5,708	5,774	5,323	5,813	6,345	5,924	5,000	4,920	5,618	4,454	3,462	4,249	5,156	4,671	4,347
Net occupancy
7,084	6,162	5,392	5,385	5,566	5,449	4,957	4,103	4,656	4,132	4,132	4,510	4,327	4,206	3,647	3,220	3,591	3,369	3,533	3,243	3,490	2,858	2,916	2,857	3,491	2,866	2,921	2,830	3,192	2,772	2,654	2,703	2,776	2,805	3,068	2,461	2,921	2,534	2,540
Equipment
6,039	5,570	5,273	4,818	4,833	4,675	4,488	4,095	3,949	3,982	3,905	4,097	4,042	4,156	3,557	3,402	3,428	3,473	3,731	3,017	2,973	3,008	2,837	2,914	2,783	2,768	2,692	2,802	2,407	2,603	2,300	2,144	2,174	2,193	2,107	2,145	2,300	2,460	2,376
Marketing
1,138	2,060	1,505	1,254	1,243	1,401	1,446	1,405	1,116	1,237	1,599	2,060	824	1,515	1,295	1,608	973	1,452	1,514	1,715	965	1,250	1,276	1,713	1,003	1,160	1,585	1,624	805	953	795	1,716	771	1,281	1,214	1,642	1,005	1,223	1,155
FDIC insurance
2,113	669	-1,221	1,155	1,353	927	789	868	658	826	945	906	827	764	961	1,099	1,166	1,093	1,064	1,040	910	833	786	880	877	919	916	919	971	938	951	965	1,045	1,008	1,091	1,015	1,654	1,740	1,683
Amortization of intangible assets
3,374	2,915	2,446	2,465	2,514	2,761	1,821	1,312	1,086	1,204	1,223	1,240	1,273	1,334	837	697	730	811	815	944	566	466	477	482	495	546	556	561	625	570	519	524	537	588	599	605	618	676	685
Restructuring and merger-related expense
5,164	11,521	1,688	81	3,107	1,392	10,811	5,412	245	454	0	0	491	-	9,883	694	-	49	185	1,115	9,733	-	-	0	-	45	36	51	1,178	-	1,518	-	-	-	-	-	-	-	7
Other operating expenses
17,138	16,782	15,544	15,443	14,887	14,699	13,568	11,511	10,943	10,953	11,265	11,724	11,388	12,304	9,921	9,577	9,198	10,069	10,279	9,408	9,131	10,311	8,589	9,025	9,271	9,312	9,500	9,127	9,398	9,566	8,295	9,157	8,429	8,531	7,639	9,627	8,184	8,628	8,412
Total non-interest expense
91,333	92,556	73,268	71,952	74,432	70,990	76,120	63,543	54,571	54,838	55,754	55,884	54,384	58,376	57,601	47,360	45,343	46,912	46,981	46,589	53,441	41,971	39,263	40,304	40,095	40,743	40,009	39,499	40,747	41,581	36,790	36,084	35,665	35,494	33,607	35,703	35,491	35,681	34,567
Income before provision for income taxes
27,017	43,421	45,681	54,917	49,195	54,485	39,002	40,504	40,533	38,904	36,883	35,994	36,508	32,681	23,228	30,194	31,568	31,151	30,016	29,595	18,415	21,695	24,524	25,395	22,080	20,301	20,419	23,193	20,775	16,031	16,369	15,447	15,285	12,578	13,057	15,564	12,448	9,503	9,491
Provision for income taxes
3,621	7,046	8,334	10,103	8,858	10,557	6,516	7,335	7,004	23,005	10,527	9,653	10,622	8,464	5,793	8,085	8,694	8,157	7,768	7,962	4,528	5,183	6,358	6,520	5,659	4,949	4,884	6,176	4,754	3,381	3,463	3,449	3,295	1,940	2,044	3,646	2,208	350	1,253
NET INCOME
23,396	36,375	37,347	44,814	40,337	43,928	32,486	33,169	33,529	15,899	26,356	26,341	25,886	24,217	17,435	22,109	22,874	22,994	22,248	21,633	13,887	16,512	18,166	18,875	16,421	15,352	15,535	17,017	16,021	12,650	12,906	11,998	11,990	10,638	11,013	11,918	10,240	9,153	8,238
EARNINGS PER COMMON SHARE
Basic
0.35	0.59	0.68	0.82	0.74	0.81	0.65	0.71	0.76	0.36	0.60	0.60	0.59	0.54	0.44	0.58	0.60	0.61	0.58	0.56	0.40	0.56	0.62	0.65	0.56	0.52	0.53	0.58	0.55	0.46	0.48	0.45	0.45	0.40	0.41	0.45	0.39	0.34	0.31
Diluted
0.35	0.59	0.68	0.82	0.74	0.81	0.64	0.71	0.76	0.35	0.60	0.60	0.59	0.54	0.44	0.58	0.60	0.61	0.58	0.56	0.40	0.57	0.62	0.64	0.56	0.52	0.53	0.58	0.55	0.46	0.48	0.45	0.45	0.40	0.41	0.45	0.39	0.34	0.31
AVERAGE COMMON SHARES OUTSTANDING
Basic
67,486	60,510	54,695	54,628	54,598	54,729	50,277	46,498	44,050	44,037	44,031	43,995	43,947	43,925	39,715	38,373	38,386	38,564	38,523	38,472	34,393	29,292	29,280	29,242	29,182	29,302	29,325	29,245	29,211	27,528	26,664	26,647	26,628	26,629	26,629	26,610	26,589	26,586	26,577
Diluted
67,587	60,666	54,751	54,733	54,706	54,851	50,432	46,639	44,168	44,132	44,086	44,061	44,020	43,952	39,743	38,410	38,402	38,621	38,556	38,531	34,478	29,390	29,360	29,321	29,262	29,388	29,412	29,308	29,268	27,601	26,672	26,650	26,631	26,629	26,629	26,611	26,590	26,587	26,577
DIVIDENDS DECLARED PER COMMON SHARE
0.32	0.31	0.31	0.31	0.31	0.29	0.29	0.29	0.29	0.26	0.26	0.26	0.26	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.22	0.22	0.22	0.22	0.20	0.20	0.19	0.19	0.18	0.18	0.17	0.17	0.16	0.16	0.15	0.15	0.14	0.14
COMPREHENSIVE INCOME
63,336	-	43,156	67,025	60,110	-	25,965	26,893	19,011	-	27,637	29,065	28,171	-	15,470	27,368	35,471	-	29,504	13,547	19,088	-	16,136	22,943	19,694	-	14,422	6,493	15,580	-	14,768	11,481	12,566	-	15,425	14,895	9,008	-	-
Total Trust Fees [Member]
NON-INTEREST INCOME
6,952	6,700	6,425	6,339	7,115	6,103	6,265	5,752	6,503	5,667	5,358	5,572	6,143	5,470	5,413	5,036	5,711	5,244	5,127	5,476	6,053	5,115	5,096	5,210	5,648	4,882	4,854	4,823	5,018	4,654	4,379	4,258	4,753	4,198	3,941	4,272	4,762	3,765	3,636
Service Charges on Deposits [Member]
NON-INTEREST INCOME
6,617	7,172	7,056	6,197	6,549	7,389	6,313	5,146	4,822	5,278	5,320	5,081	4,853	5,472	4,733	4,176	3,952	4,417	4,425	4,249	3,652	4,027	4,170	4,078	3,860	4,616	4,650	4,462	4,197	4,565	4,362	4,218	3,993	4,637	4,881	4,889	4,222	4,897	5,701