WESBANCO, INC. WSBC Income Statement

Wesbanco, inc. (WSBC)

Income statement / TTM

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
417,167	393,166	384,867	376,103	358,226	331,961	303,787	287,524	276,346	272,007	268,736	254,216	239,553	226,993	0	208,999	208,618	203,993	195,396	186,919	177,149	172,182	172,307	172,586	173,793	175,323	174,019	171,764	168,968	166,656	167,112	169,880	173,434	175,818	179,803	183,523	0	0	0
Interest and dividends on securities:
Taxable
65,901	65,648	65,261	64,338	62,088	56,898	50,650	45,397	40,578	38,631	38,043	37,469	37,869	38,490	0	40,765	41,033	39,314	35,973	33,097	30,506	29,233	29,229	29,080	28,985	29,193	29,694	30,190	31,304	32,461	33,646	34,956	35,916	36,034	36,128	35,820	0	0	0
Tax-exempt
18,921	20,006	21,005	21,572	21,485	20,778	20,087	19,623	19,432	19,489	19,387	19,084	18,760	18,390	0	18,240	17,752	16,764	15,476	14,354	13,737	13,589	13,615	13,557	13,386	13,128	12,874	12,632	12,447	12,399	12,329	12,235	12,202	12,109	11,814	11,646	0	0	0
Total interest and dividends on securities
84,822	85,654	86,266	85,910	83,573	77,676	70,737	65,020	60,010	58,120	57,430	56,553	56,629	56,880	0	59,005	58,785	56,078	51,449	47,451	44,243	42,822	42,844	42,637	42,371	42,321	42,568	42,822	43,751	44,860	45,975	47,191	48,118	48,143	47,942	47,466	0	0	0
Other interest income
5,659	5,433	6,070	6,235	5,794	5,320	4,025	3,101	2,561	2,297	2,226	2,226	2,238	2,224	0	1,786	1,531	1,641	1,385	1,228	1,521	987	910	852	291	246	219	191	179	170	166	181	197	206	258	324	0	0	0
Total interest and dividend income
507,648	484,253	477,203	468,248	447,593	414,957	378,549	355,645	338,917	332,424	328,392	312,995	298,420	286,097	0	269,790	268,934	261,712	248,230	235,598	222,913	215,991	216,061	216,075	216,455	217,890	216,806	214,777	212,898	211,686	213,253	217,252	221,749	224,167	228,003	231,313	0	0	0
INTEREST EXPENSE
Interest bearing demand deposits
16,253	16,805	16,718	15,730	14,566	13,144	11,214	9,527	7,883	6,452	5,389	4,266	3,403	2,817	0	2,186	2,028	1,943	1,824	1,706	1,616	1,568	1,548	1,518	1,488	1,415	1,366	1,394	1,422	1,526	1,682	1,747	1,933	2,160	2,323	2,497	0	0	0
Money market deposits
8,477	8,024	7,566	6,953	6,037	5,016	4,137	3,528	3,079	2,775	2,479	2,172	1,978	1,860	0	1,874	1,914	1,914	1,915	1,917	1,893	1,877	1,833	1,691	1,563	1,462	1,483	1,625	1,780	2,183	2,830	3,464	4,101	4,802	5,515	6,579	0	0	0
Savings deposits
3,396	2,995	2,518	2,009	1,558	1,225	958	795	753	745	748	732	712	696	0	659	657	640	610	580	550	532	527	520	514	525	563	637	710	864	1,033	1,163	1,312	1,505	1,702	1,993	0	0	0
Certificates of deposit
15,782	15,631	15,492	14,938	13,817	12,450	11,385	10,719	10,233	10,108	10,097	10,079	10,171	10,419	0	10,534	10,820	11,033	11,383	11,975	12,528	13,286	14,690	17,033	19,492	22,010	23,947	24,800	25,540	26,371	27,397	28,675	29,983	31,054	32,524	34,118	0	0	0
Total interest expense on deposits
43,908	43,455	42,294	39,630	35,978	31,835	27,694	24,569	21,948	20,080	18,713	17,249	16,264	15,792	0	15,253	15,419	15,530	15,732	16,178	16,587	17,263	18,598	20,762	23,057	25,412	27,359	28,456	29,452	30,944	32,942	35,049	37,329	39,521	42,064	45,187	0	0	0
Federal Home Loan Bank borrowings
28,443	26,548	25,460	25,506	25,172	23,333	20,823	17,760	14,952	13,290	12,490	11,867	11,753	11,985	0	10,103	8,021	5,510	3,474	2,088	1,314	968	902	929	1,043	1,151	1,687	2,416	3,415	4,473	5,141	5,835	6,550	7,199	8,319	10,172	0	0	0
Other short-term borrowings
4,715	5,401	5,613	5,225	4,715	3,717	2,985	2,414	1,703	1,442	1,132	856	693	478	0	384	377	370	334	593	851	1,333	1,879	2,182	2,459	2,525	2,878	3,396	3,925	4,480	4,736	4,787	4,819	4,823	4,797	4,750	0	0	0
Subordinated debt and junior subordinated debt
8,877	8,945	9,231	9,469	9,423	8,836	8,292	7,826	7,446	7,317	7,257	6,451	5,503	4,512	0	3,195	3,243	3,315	3,348	3,395	3,303	3,199	3,200	3,200	3,212	3,315	3,347	3,411	3,457	3,438	3,435	3,375	3,332	3,259	3,407	3,541	0	0	0
Total interest expense
85,943	84,349	82,598	79,830	75,288	67,721	59,794	52,569	46,049	42,129	39,592	36,423	34,213	32,767	0	28,935	27,060	24,725	22,888	22,254	22,055	22,763	24,579	27,073	29,771	32,403	35,271	37,679	40,249	43,335	46,254	49,046	52,030	54,802	58,587	63,650	0	0	0
NET INTEREST INCOME
421,705	399,904	394,605	388,418	372,305	347,236	318,755	303,076	292,868	290,295	288,800	276,572	264,207	253,330	0	240,855	241,874	236,987	225,342	213,344	200,858	193,228	191,482	189,002	186,684	185,487	181,535	177,098	172,649	168,351	166,999	168,206	169,719	169,365	169,416	167,663	0	0	0
Provision for credit losses
38,512	11,198	12,228	9,142	8,103	7,764	7,287	8,768	9,443	9,986	9,739	9,437	8,865	8,478	0	8,518	9,388	8,353	7,647	7,327	5,495	6,405	7,670	9,011	9,183	9,086	9,214	10,892	15,774	19,874	26,234	32,573	33,472	35,311	37,457	38,296	0	0	0
Net interest income after provision for credit losses
383,193	388,706	382,377	379,276	364,202	339,472	311,468	294,308	283,425	280,309	279,061	267,135	255,342	244,852	0	232,337	232,486	228,634	217,695	206,017	195,363	186,823	183,812	179,991	177,501	176,401	172,321	166,206	156,875	148,477	140,765	135,633	136,247	134,054	131,959	129,367	0	0	0
NON-INTEREST INCOME
Electronic banking fees
20,996	22,634	24,903	25,789	24,363	23,300	21,484	20,228	19,484	19,183	18,700	17,762	16,520	15,596	0	14,886	14,640	14,361	13,830	13,249	13,020	12,708	12,561	12,417	12,345	12,198	11,992	11,714	11,439	11,336	11,131	10,964	10,567	10,088	9,716	9,227	0	0	0
Net securities brokerage revenue
6,809	6,990	7,469	7,540	7,376	7,186	6,824	6,709	6,580	6,672	6,493	6,245	6,315	6,449	0	7,437	7,529	7,692	7,286	6,991	7,152	6,922	7,137	6,942	6,580	6,248	5,928	5,553	5,026	4,604	4,367	4,418	4,392	4,413	5,240	5,674	0	0	0
Bank-owned life insurance
6,363	5,913	5,343	5,202	4,990	6,427	6,239	6,171	6,410	4,794	4,825	4,656	4,231	4,064	0	4,538	4,585	4,863	4,297	4,158	4,990	4,614	4,502	4,531	3,590	4,664	4,611	4,591	4,585	3,516	3,508	3,525	3,551	3,566	3,582	3,640	0	0	0
Mortgage banking income
8,439	8,219	6,907	5,840	5,892	5,840	5,737	5,319	4,617	5,053	3,995	3,706	3,421	2,529	0	2,623	2,347	2,071	1,883	1,654	1,722	1,604	1,635	1,830	2,056	2,614	3,174	3,422	3,320	2,876	2,539	1,873	1,663	1,977	2,283	2,525	0	0	0
Net securities gains
5,154	4,320	2,498	2,347	-204	-900	458	380	516	567	575	1,167	1,258	2,357	0	2,622	2,037	948	216	750	915	903	753	157	678	684	1,440	1,771	2,379	2,463	2,575	2,326	1,046	963	1,079	1,910	0	0	0
Net gain on other real estate owned and other assets
765	732	553	545	398	524	1,331	883	996	658	378	860	732	790	0	278	216	356	469	-680	-997	-1,006	-1,363	-188	78	-81	56	0	-383	-305	-610	-724	-713	-1,290	-1,632	-2,785	0	0	0
Other income
14,968	14,355	11,697	12,284	10,622	9,606	8,728	7,686	7,732	8,641	9,168	10,388	11,217	9,751	0	6,716	5,714	5,532	4,903	5,516	5,442	5,555	6,108	5,868	5,716	5,456	5,509	5,268	4,932	5,103	4,639	4,323	4,636	4,369	3,198	2,746	0	0	0
Total non-interest income
116,952	116,716	112,543	111,817	104,069	100,276	96,547	91,222	89,936	88,840	87,403	87,521	84,990	81,499	0	77,188	75,669	74,466	71,008	69,476	69,645	68,504	68,893	69,355	68,838	69,285	69,933	68,779	66,949	64,775	62,947	61,584	60,706	59,888	59,095	59,081	0	0	0
NON-INTEREST EXPENSE
Salaries and wages
140,455	132,485	127,890	125,310	120,536	114,602	107,999	102,621	99,365	97,361	95,720	91,988	88,103	84,281	0	78,594	78,163	77,340	74,195	71,694	69,298	67,408	68,055	67,204	66,072	65,431	63,963	62,241	60,424	58,913	57,662	57,331	57,335	56,673	55,788	54,723	0	0	0
Employee benefits
39,697	39,313	36,717	34,896	33,156	30,079	29,046	28,869	28,635	29,933	30,937	29,484	29,085	27,952	0	27,182	26,657	26,896	25,381	24,404	23,126	21,518	22,062	22,334	22,618	23,255	23,405	23,082	22,189	21,462	19,992	18,454	17,783	17,321	17,538	18,423	0	0	0
Net occupancy
24,023	22,505	21,792	21,357	20,075	19,165	17,848	17,023	17,430	17,101	17,175	16,690	15,400	14,664	0	13,713	13,736	13,635	13,124	12,507	12,121	12,122	12,130	12,135	12,108	11,809	11,715	11,448	11,321	10,905	10,938	11,352	11,110	11,255	10,984	10,456	0	0	0
Equipment
21,700	20,494	19,599	18,814	18,091	17,207	16,514	15,931	15,933	16,026	16,200	15,852	15,157	14,543	0	14,034	13,649	13,194	12,729	11,835	11,732	11,542	11,302	11,157	11,045	10,669	10,504	10,112	9,454	9,221	8,811	8,618	8,619	8,745	9,012	9,281	0	0	0
Marketing
5,957	6,062	5,403	5,344	5,495	5,368	5,204	5,357	6,012	5,720	5,998	5,694	5,242	5,391	0	5,547	5,654	5,646	5,444	5,206	5,204	5,242	5,152	5,461	5,372	5,174	4,967	4,177	4,269	4,235	4,563	4,982	4,908	5,142	5,084	5,025	0	0	0
FDIC insurance
2,716	1,956	2,214	4,224	3,937	3,242	3,141	3,297	3,335	3,504	3,442	3,458	3,651	3,990	0	4,422	4,363	4,107	3,847	3,569	3,409	3,376	3,462	3,592	3,631	3,725	3,744	3,779	3,825	3,899	3,969	4,109	4,159	4,768	5,500	6,092	0	0	0
Amortization of intangible assets
11,200	10,340	10,186	9,561	8,408	6,980	5,423	4,825	4,753	4,940	5,070	4,684	4,141	3,598	0	3,053	3,300	3,136	2,791	2,453	1,991	1,920	2,000	2,079	2,158	2,288	2,312	2,275	2,238	2,150	2,168	2,248	2,329	2,410	2,498	2,584	0	0	0
Restructuring and merger-related expense
18,454	16,397	6,268	15,391	20,722	17,860	16,922	6,111	699	945	0	0	0	-	0	0	-	11,082	0	0	0	-	-	0	-	1,310	2,783	0	0	-	0	-	-	-	-	-	-	-	0
Other operating expenses
64,907	62,656	60,573	58,597	54,665	50,721	46,975	44,672	44,885	45,330	46,681	45,337	43,190	41,000	0	39,123	38,954	38,887	39,129	37,439	37,056	37,196	36,197	37,108	37,210	37,337	37,591	36,386	36,416	35,447	34,412	33,756	34,226	33,981	34,078	34,851	0	0	0
Total non-interest expense
329,109	312,208	290,642	293,494	285,085	265,224	249,072	228,706	221,047	220,860	224,398	226,245	217,721	208,680	0	186,596	185,825	193,923	188,982	181,264	174,979	161,633	160,405	161,151	160,346	160,998	161,836	158,617	155,202	150,120	144,033	140,850	140,469	140,295	140,482	141,442	0	0	0
Income before provision for income taxes
171,036	193,214	204,278	197,599	183,186	174,524	158,943	156,824	152,314	148,289	142,066	128,411	122,611	117,671	0	122,929	122,330	109,177	99,721	94,229	90,029	93,694	92,300	88,195	85,993	84,688	80,418	76,368	68,622	63,132	59,679	56,367	56,484	53,647	50,572	47,006	0	0	0
Provision for income taxes
29,104	34,341	37,852	36,034	33,266	31,412	43,860	47,871	50,189	53,807	39,266	34,532	32,964	31,036	0	32,704	32,581	28,415	25,441	24,031	22,589	23,720	23,486	22,012	21,668	20,763	19,195	17,774	15,047	13,588	12,147	10,728	10,925	9,838	8,248	7,457	0	0	0
NET INCOME
141,932	158,873	166,426	161,565	149,920	143,112	115,083	108,953	102,125	94,482	102,800	93,879	89,647	86,635	0	90,225	89,749	80,762	74,280	70,198	67,440	69,974	68,814	66,183	64,325	63,925	61,223	58,594	53,575	49,544	47,532	45,639	45,559	43,809	42,324	39,549	0	0	0
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
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-
Total Trust Fees [Member]
NON-INTEREST INCOME
26,416	26,579	25,982	25,822	25,235	24,623	24,187	23,280	23,100	22,740	22,543	22,598	22,062	21,630	0	21,118	21,558	21,900	21,771	21,740	21,474	21,069	20,836	20,594	20,207	19,577	19,349	18,874	18,309	18,044	17,588	17,150	17,164	17,173	16,740	16,435	0	0	0
Service Charges on Deposits [Member]
NON-INTEREST INCOME
27,042	26,974	27,191	26,448	25,397	23,670	21,559	20,566	20,501	20,532	20,726	20,139	19,234	18,333	0	16,970	17,043	16,743	16,353	16,098	15,927	16,135	16,724	17,204	17,588	17,925	17,874	17,586	17,342	17,138	17,210	17,729	18,400	18,629	18,889	19,709	0	0	0