WHEELING, W.Va., April 16,
2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:
WSBC), a diversified, multi-state bank holding company, announced
today that it has been named one of the 2024 Best Banks in America
by Forbes. This marks the 14th year WesBanco has earned
this recognition, which measured 10 key financial metrics for the
2023 calendar year.
"Our fourteenth recognition by Forbes as one of America's Best
Banks is a proof point of our commitment to exceptional customer
experiences, sustainable long-term growth strategies and credit
quality," said Jeff Jackson,
President and Chief Executive Officer, WesBanco. "In a year that
tested the resilience and adaptability of the banking industry,
WesBanco remained a strong, sound financial institution
well-positioned to serve our customers, communities and
shareholders. This accolade from Forbes reinforces the trust and
confidence our customers place in their banking relationship with
us, and we are proud to continue to help advance their financial
journeys."
Forbes' annual America's Best Banks list evaluated 10 metrics
measuring growth, credit quality and profitability for the 2023
calendar year, as well as stock performance in the 12 months
through March 18, 2024. The 10
equally-weighted financial metrics are net interest margin; return
on average tangible common equity; return on average assets; CET1
ratio; efficiency ratio; nonperforming assets as a percentage of
total assets; reserves as a percentage of total assets; risk-based
capital ratio; operating revenue growth; and net charge-offs as a
percentage of total loans.
The America's Best Banks recognition is the most recent
third-party accolade for WesBanco, which continues to earn
recognitions for financial performance, customer and employee
satisfaction and community reinvestment. Other recent accolades
include Forbes' World's Best Banks, Newsweek's Best Regional Banks,
and our eighth consecutive "Outstanding" FDIC Community
Reinvestment Act Rating.
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc.
is a diversified and balanced financial services company that
delivers large bank capabilities with a community bank feel. Our
distinct long-term growth strategies are built upon unique
sustainable advantages permitting us to span six states with
meaningful market share. The company's banking subsidiary, WesBanco
Bank, Inc., operates more than 190 financial centers in the states
of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Built upon our 'Better Banking
Pledge', our customer-centric service culture is focused on growing
long-term relationships by pledging to serve all personal and
business customer needs efficiently and effectively. In addition to
a full range of online and mobile banking options and a full-suite
of commercial products and services, the company provides trust,
wealth management, securities brokerage, and private banking
services through its century-old Trust and Investment Services
department, with approximately $5.4
billion of assets under management (as of December 31, 2023).The company also offers
insurance and brokerage services through its affiliates and
subsidiaries. Learn more at www.wesbanco.com and follow us on
Facebook, LinkedIn, Instagram and X, formerly Twitter.
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SOURCE WesBanco, Inc.
