WesBanco - M&A Summary and Business Overview

Financial ServicesCompany

WesBanco M&A Summary

WesBanco has acquired 17 companies, including 1 in the last 5 years.

WesBanco’s largest acquisition to date was in 2019, when it acquired Old Line Bancshares for $500M. WesBanco has acquired in 8 different US states. The Company’s most targeted sectors include financial services (100%).

WesBanco Business Overview

Where is WesBanco headquartered?

WesBanco is headquartered in Wheeling, West Virginia.

What is WesBanco’s revenue?

WesBanco disclosed revenue of 586M USD for 2022 and 582M USD for 2021.

How many employees does WesBanco have?

WesBanco has 2,612 employees.

What sector is WesBanco in?

WesBanco is a financial services company.

When was WesBanco founded?

WesBanco was founded in 1870.

M&A Summary

M&A Total Activity17
- M&A Buy Activity17
Total Sectors Invested 1
Total Countries Invested 1
M&A Advisors 7

WesBanco

WesBanco, Inc.

1 Bank Plaza,
Wheeling, West Virginia 26003
United States,
(304) 234-9000
www.wesbanco.com

WesBanco is a multi-state bank holding company of WesBanco Bank, Inc. operates as an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. WesBanco was founded in 1870 and is based in Wheeling, West Virginia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	17	-	-	-	-	-	17
Buy (0.0/yr)	vol	$1.8B						$1.8B
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								17

Most Recent M&A

Company	Date	Value	Type
Old Line Bancshares, Inc.	2019-11-14	500M USD	Merger
Bowie, Maryland · www.oldlinebank.com
Your Community Bankshares, Inc.	2016-05-03	221M USD	Merger
New Albany, Indiana · www.yourcommunitybank.com
ESB Financial Corp.	2014-10-29	353M USD	Merger
Ellwood City, Pennsylvania · www.esbbank.com
Fidelity Bancorp, Inc.	2012-07-19	73M USD	Merger
Pittsburgh, Pennsylvania · www.fidelitybk.com
Oak Hill Financial, Inc.	2007-07-20	199M USD	Merger
Jackson, Ohio · www.oakf.com
Winton Financial Corp.	2004-08-25	103M USD	Merger
Cincinnati, Ohio · www.wintonsavings.com
Western Ohio Financial Corp.	2004-04-01	67M USD	Merger
Springfield, Ohio · www.cornerstone2000.com
Freedom Bancshares, Inc.	2000-11-24	11M USD	Add-on Acquisition
Commerce, Georgia
Heritage Bank of Harrison County, Inc.	1998-11-10	12M USD	Merger
, United States
Commercial BancShares	1997-09-12	136M USD	Merger
Parkersburg, West Virginia
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		17 (100%)	1.8B (100%)	-	-
Total		17	$1.8B	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		17	1.8B	-	-
	West Virginia	4	201M	-	-
	Ohio	3	370M	-	-
	Pennsylvania	2	426M	-	-
	Georgia	2	31M	-	-
	Oklahoma	1	73M	-	-
	Maryland	1	500M	-	-
	Indiana	1	221M	-	-
Total		17	$1.8B	-	-

Top M&A Advisors

Financial	Deals
Ostrowski & Co. Inc.	5
Keefe, Bruyette, & Woods, Inc.	3
Raymond James - Investment Banking	1

Legal	Deals
Phillips, Gardill, Kaiser & Altmeyer, PLLC	13
K&L Gates LLP	5

Deal Values

buy	#	Total
$100M to $1B	6	$1.5B
< $100M	11	$333M
TOTAL		$1.8B
Largest	Old Line Bancshares, Inc. $500M (2019-11-14)

Company Summary

SECTOR

Financial Services

Revenue

586 1%	2022
582 3%	2021
599 18%	2020
510 16%	2019
442 18%	2018
375 14%	2017
331	2016
(millions of USD)	Show More Show Less

Employees

2,612

Established

1870

Public

NASDAQ: WSBC

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WesBanco - M&A Summary and Business Overview

Financial ServicesCompany