WSBC News & Events

WesBanco announced that the Board of Directors has authorized a 4M share increase to the 3.2M stock repurchase program approved by the Board on February 24, 2022, which had approximately 0.9M shares remaining available for repurchase, as of March 31. The combination of the additional 4M shares and 0.9M shares remaining under the prior authorization totals 4.9M shares available and authorized for repurchase, or 5.1% of shares outstanding, as of March 31.

WesBanco announced that Nathan Jones has been appointed Senior Executive Vice President and Chief Risk Officer, effective April 27. He succeeds Mike Perkins, who is retiring in June after more than three decades with WesBanco. Jones brings nearly 30 years of experience in enterprise risk and credit leadership at large, complex financial institutions. He joins WesBanco from First Interstate Bank, where he most recently served as Chief Risk Officer, overseeing enterprise risk management and governance. Prior to that role, Jones held senior leadership positions, including Executive Vice President and Chief Credit Officer at Heartland Financial USA and Fulton Financial Corporation, as well as leadership roles at First Horizon National Corporation, BMO Financial Group, and Bank of America. His background spans credit risk, enterprise risk, analytics, consumer and commercial portfolios, and finance. Jones holds a Master of Business Administration and a Bachelor of Arts in psychology from Southern Methodist University.

Our first quarter results demonstrate sound fundamentals and the benefits of our disciplined approach to growth and expense management," said Jeff Jackson, President and Chief Executive Officer, WesBanco. "We continued to drive organic loan and deposit growth, improved our net interest margin and efficiency ratio year-over-year, and exceeded our year one financial targets for the Premier acquisition - underscoring the strength of our operating model and our ability to deliver on strategic commitments. During the quarter, we took additional steps to position the Company for long-term success - expanding our commercial banking presence to high-growth South Florida markets and further optimizing our financial center network to align with customer behavior and drive operating efficiency. We remain focused on disciplined investment and execution to deliver consistent, sustainable value for our shareholders."