WESBANCO INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WESBANCO INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	32.8	42.1	67.7	84.3	61.8	27	39.3	230
Pre-tax income	118	148	175	193	145	302	236	194	185	279
Income tax	31	53.8	31.4	34.3	23	59.6	44.3	35	33.6	56.1
Net income	86.6	94.5	143	159	122	242	192	159	152	223
EPS, basic	2.16	2.15	2.93	2.83	1.78	3.54	3.03	2.51	2.26	2.23
EPS, diluted	2.16	2.14	2.92	2.83	1.77	3.53	3.02	2.51	2.26	2.23
Shares, basic (weighted)	40.1	44	48.9	56.1	67.3	65.5	60	59.3	62.6	90.9
Shares, diluted (weighted)	40.1	44.1	49	56.2	67.3	65.7	60.2	59.4	62.7	91
Dividend per share	0.96	1.04	1.16	1.24	1.28	1.32	1.37	1.41	1.45	1.49

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	128	118	169	235	905	1,251	408	595	568	956
Property, plant and equipment	133	131	167	261	249	229	221	234	219	263
Lease right-of-use assets				53.6	51.5	43.1	38.8	42.1	34.8	38
Goodwill	574	574	900	1,100	1,100	1,100	1,100	1,100	1,100	1,600
Intangible assets	19.4	15.3	57	80.4	66.3	54.9	44.6	35.5	27.3	141
Total assets	9,791	9,816	12,459	15,720	16,426	16,927	16,932	17,712	18,684	27,696
Total liabilities	8,449	8,421	10,480	13,126	13,669	14,234	14,505	15,179	15,894	23,664
Total debt	1,332	1,297	1,535	1,898	983	459	1,121	1,735	1,471	1,619
Paid-in capital	681	685	1,167	1,637	1,635	1,636	1,636	1,636	1,810	2,490
Retained earnings	597	651	738	825	832	978	1,078	1,143	1,192	1,253
Treasury stock	0	0	-0.27	-9.46	-25.9	-200	-309	-303	-292	0
Other comprehensive income	-27.1	-31.5	-37.9	1.2	31.4	-5.12	-262	-227	-219	-133
Shareholders' equity	1,341	1,395	1,979	2,594	2,757	2,693	2,427	2,533	2,790	4,032
Total equity	1,341	1,395	1,979	2,594	2,757	2,693	2,427	2,533	2,790	4,032
Total liabilities and equity	9,791	9,816	12,459	15,720	16,426	16,927	16,932	17,712	18,684	27,696
Shares outstanding	43.9	43.9	54.6	67.8	67.3	62.3	59.2	59.4	66.9	96.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	86.6	94.5	143	159	122	242	192	159	152	223
Depreciation and amortization	9.24	10.4	10.5	11.6	14.1	13.4	13	14.4	15.3	20.2
Stock-based compensation	2.02	2.96	4.36	5.32	5.65	6.48	6.25	8.32	7.52	8.74
Deferred income tax	10.8	27.1	7.16	-8.47	-10.5	18.7	4.49	-3.68	-3.23	42
Cash from operations	123	142	192	163	59.6	336	204	169	211	290
Capital expenditures	-2.06	-6.04	-4.67	-12.2	-7.55	-8.54	-7.99	-22.5	-10.3	-10.4
Acquisitions	4.86		279	60
Purchases of investments				-574	-586	-1,956	-468	-4.5	-383	-1,375
Sales and maturities of investments	285	211	268	438	803	840	604	341	341	639
Cash from investing	195	-77.4	-51.9	104	57.8	-328	-1,068	-535	-1,030	-71
Stock issued	1.71	1.04	1.58	0.07	0.06	2.4	3	0	191	0.54
Dividends paid	-37.8	-44.9	-53.6	-66.6	-85.3	-86.5	-81.3	-82.3	-87.4	-125
Cash from financing	-276	-75.3	-88.4	-202	553	338	21.1	553	792	169
Net change in cash	41.5	-10.6	51.6	65.6	671	346	-843	187	-27.2	388
Free cash flow	121	136	187	151	52.1	328	196	147	201	280
Interest paid	34	42.5	68.6	87.1	75.1	32.6	37.7	224	344	463
Income taxes paid	22.1	22.9	18.7	31.4	37	35.7	24.9	35.6	26.8	31.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $38.66 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	20.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.3%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	47.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	12.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-1.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-9.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	4.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	37.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	37.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	39.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	12.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	40.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	2.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	2.8%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	3.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	44.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	18.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	48.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	17.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	45.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	14.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	6.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.43x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	6.3%	Total debt / total assets.
Liabilities / assets	85.2%	Total liabilities / total assets.
Net debt	$875.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$4.11B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.68	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$4.10	Cash from operations / diluted weighted shares.
Book value per share	$42.87	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$42.87	Tangible book value / shares outstanding.
Cash per share	$9.09	(Cash + short-term investments) / shares outstanding.
Payout ratio	38.9%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$3.71B	Share price x shares outstanding.
Enterprise value	$4.58B	Market cap + total debt - cash - short-term investments.
P/E	10.4x	Market cap / net income. Only when net income is positive.
P/B	0.90x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.90x	Market cap / tangible book value, when positive.
P/OCF	9.36x	Market cap / cash from operations, when positive.
Earnings yield	9.6%	Net income / market cap (the inverse of P/E).
Dividend yield	3.7%	Dividends paid over the period / market cap.
Shareholder yield	3.7%	(Dividends paid + share buybacks) / market cap.

Was WESBANCO INC profitable in fiscal 2025?

Yes. Net income was $223.1M, a net margin of -.

How much free cash flow did WESBANCO INC generate in fiscal 2025?

Cash from operations of $290.4M minus capital expenditures of $10.4M left free cash flow of $280.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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