WHEELING, W.Va., March 1,
2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a
diversified, multi-state bank holding company, announces that its
affiliate, WesBanco Bank has been named one of the 2023 Best Banks
in America by Forbes, representing WesBanco's thirteenth year on
the list since its inception in 2010. The Forbes annual list
ranks the 100 largest publicly traded banks and thrifts by assets
based on nine metrics related to growth, credit quality, and
profitability.
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"WesBanco is excited to again be named one of the best banks in
America by Forbes, as well as one of America's best employers,"
said Todd F. Clossin, WesBanco
President and Chief Executive Officer. "Providing an
environment where employees feel valued and are provided avenues
for success encourages a strong customer-centric focus while
helping to ensure a sound and profitable financial institution for
our communities and shareholders. We strive to offer the
full-range of online financial tools, products, services, and
support that our clients need during every step of their financial
journey, and this endorsement from Forbes proves to our current
customers, and community members searching for a new banking
partner, that WesBanco has the capabilities and track record to
provide ongoing financial success."
Mr. Clossin continued, "We have spent the past 153 years
nurturing relationships with our neighbors and community
businesses, which has empowered our customers to make confident
financial choices to reach their personal and professional
goals. These efforts allowed us to have another successful
year during 2022, as we generated solid annual net income, while
remaining a well-capitalized financial institution with sound
liquidity, balance sheet, and credit quality metrics, built upon
our well-defined strategies and core advantages, which will ensure
success regardless of the economic environment."
WesBanco prides itself on delivering large bank capabilities
with a community bank feel; and, its services include the full
range of online and mobile banking options; business and personal
transaction account options and competitive lending services; a
full suite of commercial banking products and services; and trust,
wealth management, securities brokerage, and private banking
services through the century-old Trust and Investment Services
department.
Forbes has worked with data provided by S&P Global Market
Intelligence for 14 years on its America's Best Banks ranking,
which is based on metrics related to growth, credit quality, and
profitability through September 30,
2022. These metrics include operating revenue growth,
efficiency ratio, return on average tangible common equity, net
interest margin, net charge-offs as a percentage of average loans,
nonperforming assets as a percentage of total assets, reserves as a
percentage of nonperforming assets, CET1 ratio (which compares a
bank's capital against its risk-weighted assets), and risk-based
capital ratio.
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) 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. 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.
Furthermore, our strong financial performance and employee focus
has earned us recognition by Forbes as both one of America's Best
Banks and Best Midsize Employers. In addition to a full range
of online and mobile banking options and a full-suite of commercial
products and services, WesBanco provides trust, wealth management,
securities brokerage, and private banking services through our
century-old Trust and Investment Services department, with
approximately $4.9 billion of assets
under management (as of December 31,
2022). WesBanco's banking subsidiary, WesBanco Bank, Inc.,
operates 194 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.
Additionally, WesBanco operates an insurance agency, WesBanco
Insurance Services, Inc., and a full service broker/dealer,
WesBanco Securities, Inc.
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SOURCE WesBanco, Inc.