WesBanco Bank, Inc.

One Bank Plaza
Wheeling, WV 26003

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 803
Date Established 1870
Assets $12.57 billion
Loans $7.63 billion
Deposits $8.92 billion
Capital $2.03 billion

WesBanco Bank, Inc. is an FDIC insured institution located in Wheeling, WV. It was founded in 1870 and has approximately $12.57 billion in assets. Customers can open an account at one of its 180 branches.

For a more detailed analysis of WesBanco Bank, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 24, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 - Learn MoreShow Less
Premium Money Market Account
0.05% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.05% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.20% $1,000 - Learn MoreShow Less
18 Mo CD
0.35% $1,000 - Learn MoreShow Less
24 Mo CD
0.40% $1,000 - Learn MoreShow Less
30 Mo CD
0.45% $1,000 - Learn MoreShow Less
36 Mo CD
0.50% $1,000 - Learn MoreShow Less
48 Mo CD
0.90% $1,000 - Learn MoreShow Less
60 Mo CD
1.35% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.24% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - August 24, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for WesBanco Bank, Inc.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to WesBanco Bank, Inc.
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Branches

WesBanco Bank, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


WesBanco Bank, Inc. Locations


Financial Details

WesBanco Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of WesBanco Bank, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
WesBanco Bank, Inc. U.S. Bank Average
1.87% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, WesBanco Bank, Inc. had $32,967,000 in non-current loans and $5,915,000 in owned real estate. To cover these potential losses it had $2,029,400,000 in equity and $48,866,000 in loans loss reserves. That gives it a Texas Ratio of 1.87%.

Return on Equity
WesBanco Bank, Inc. U.S. Bank Average
8.37% 9.47%

WesBanco Bank, Inc. has a Return on Equity of 8.37% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
WesBanco Bank, Inc. U.S. Bank Average
16.14% 12.49%

WesBanco Bank, Inc. has a Capitalization of 16.14% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

WesBanco Bank, Inc. Balance Sheet Analysis

As of March 31, 2019, WesBanco Bank, Inc. had assets of $12,573,665,000, loans of $7,629,599,000, and deposits of $8,916,862,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.34 billion
Interest-bearing balances $0.17 billion
Total securities $3.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $7.63 billion
Loan loss allowance $0.05 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.92 billion
All other assets $0.41 billion
     Total Assets $10.54 billion
LIABILITIES
Total deposits $8.92 billion
      Interest-bearing deposits $6.41 billion
      Deposits held in domestic offices $8.92 billion
      % insured (estimated) 82.09%
Federal funds purchased and repurchase agreements $0.43 billion
Trading liabilities $0.00 billion
Other borrowed funds $1.06 billion
Subordinated debt $0.03 billion
All other liabilities $0.11 billion
      Total Liabilities $10.54 billion
      Shareholders’ Equity $2.03 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.12 billion
Total Interest Expense $0.02 billion
Net interest income $0.10 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.03 billion
Total non interest expense $0.07 billion
Pre-tax Net Operating Income $0.05 billion

Bank Loan Profile?

The top three loan types in WesBanco Bank, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in West Virginia, WesBanco Bank, Inc. has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.30
Multifamily
Mortgages
6.87
Credit Card Loans 0.00
Consumer Auto Loans 2.52
Small Business Loans 7.55
Construction and Development Loans 7.10
Commercial Real Estate 31.51
Commercial and Industrial Loans 12.59
Farm Loans 0.07

Frequently Asked Questions About Wesbanco Bank, Inc.

Branches and Savings

Is Wesbanco Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #803.

Why does Wesbanco Bank, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Wesbanco Bank, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Wesbanco Bank, Inc. a commercial bank?

Yes

Where are Wesbanco Bank, Inc. locations?

See branch locations nearby.

Is Wesbanco Bank, Inc. open on Saturdays?

Is Wesbanco Bank, Inc. open on Sundays?

What time does Wesbanco Bank, Inc. open?

What time does Wesbanco Bank, Inc. close?

Are Wesbanco Bank, Inc. ATMs Open 24/7?

Do Wesbanco Bank, Inc. ATMs accept cash deposits?

Can Wesbanco Bank, Inc. customers use other ATMs?

Do Wesbanco Bank, Inc. branches have notaries?

Will Wesbanco Bank, Inc. notarize my document?

What address for Wesbanco Bank, Inc. should I put for incoming ACH transfers?

Will the Wesbanco Bank, Inc. branch print checks?

Do Wesbanco Bank, Inc. checks expire?

Does Wesbanco Bank, Inc. require US citizenship to open account?

Can Wesbanco Bank, Inc. close my account?

Does Wesbanco Bank, Inc. Report to credit bureaus?

Does Wesbanco Bank, Inc. Use Equifax?

What is Wesbanco Bank, Inc.'s ACH Routing Number?

What is Wesbanco Bank, Inc.'s SWIFT code?

Products

Does Wesbanco Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Wesbanco Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wesbanco Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Wesbanco Bank, Inc. offer student loans?

Will Wesbanco Bank, Inc. cash a check?

Will Wesbanco Bank, Inc. redeem a savings bond?

Does Wesbanco Bank, Inc. cash savings bonds?

Will Wesbanco Bank, Inc. cash money orders?

Can Wesbanco Bank, Inc. issue a money order?

Does Wesbanco Bank, Inc. do currency exchange?

Background on The Bank

Who owns Wesbanco Bank, Inc.?

How long has Wesbanco Bank, Inc. been around?

Can Wesbanco Bank, Inc. transfer to other banks?

Does Wesbanco Bank, Inc. have quick pay?

Does Wesbanco Bank, Inc. accept rolled coins?

Will Wesbanco Bank, Inc. accept loose change?

Where is Wesbanco Bank, Inc. headquarters?

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