Wesbanco

Wesbanco Locations
1 Bank Plaza
Wheeling, WV 26003
(800) 328-3369
www.wesbanco.com

Wesbanco is headquartered in Wheeling and is the largest bank in the state of West Virginia. It is also the 156th largest bank in the nation. It was established in 1870 and as of September of 2011, it had grown to 1,356 employees at 115 locations. Wesbanco has a 4-star health rating.

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WesBanco’s $100 Checking Account Bonus for Parts of OH, WV & PA - 10/10/2011

WesBanco has a new checking account promotion that's scheduled to last until November 21, 2011. Unlike most checking promos, this one doesn't require direct deposit. However, you'll have to make a lot ...

WesBanco’s $129 Checking Account Bonus for Parts of OH, WV & PA - 5/24/2011

WesBanco is offering a new checking account promotion that’s scheduled to last until July 1, 2011. On WesBanco’s promotions page , it states that you can earn up to $179. However, $50 of t ...

WesBanco's $220 Checking Account Bonus - Local to WV, OH & PA - 10/28/2010

WesBanco Bank is offering a checking account bonus of up to $220. It will take some time and work to get the full $220. Here's the direct link to the promotion . The promotion is scheduled to last unt ...

WestBanco's $100 Checking Account Bonus - Local to WV, OH & PA - 7/7/2010

WesBanco is offering a $100 checking account bonus. WesBanco is calling it a $125 bonus, but $25 is for referring a friend. I consider refer-a-friend bonuses separate from new-account bonuses. One nic ...

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Data for Q3 2011


Institution Statistics


Wesbanco Bank, Inc.
FDIC Certificate #803
BankRate ReportView
Year Established1870
Employees1356
Primary RegulatorFDIC

Assets and Liabilities

Assets$5.48 billion
Loans$3.20 billion
Deposits$4.36 billion
Equity Capital$706.72 million
Loan Loss Allowance$55.10 million
Unbacked Noncurrent Loans$58.17 million
Real Estate Owned$4.50 million

Historic Data - September 2010

Assets$5.34 billion
Equity Capital$686.49 million
Loan Loss Allowance$58.99 million
Unbacked Noncurrent Loans$55.92 million
Real Estate Owned$8.16 million

Profit Margin - Quarterly

Net Interest Margin3.67%
Return on Assets0.87%
Return on Equity6.79%
Interest Income$169.51 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Wesbanco had $62.67 million in non-current loans and owned real-estate with $761.82 million in equity and loan loss allowances on hand to cover it. This gives Wesbanco a Texas Ratio of 8.23% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Wesbanco held steady from 8.86% as of September 30, 2010 to 8.23% as of September 30, 2011, resulting in a positive change of 7.14%.This indicates that the balance sheet and financial strength for Wesbanco has held steady in recent periods.
Deposit Growth4
In the past year, Wesbanco has increased its total deposits by $191.59 million, resulting in 4.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Wesbanco has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Wesbanco has $5.48 billion in assets with $761.82 million in equity, resulting in a capitalization level of 13.90%, which is excellent.
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