WesBanco Named to 2013 KBW Bank Honor Roll
WHEELING, W.Va., April 28, 2014
WHEELING, W.Va., April 28, 2014 /PRNewswire/ --WesBanco, Inc. (NASDAQ: WSBC),
the parent company of WesBanco Bank, Inc., has been named to the 2013 Bank
Honor Roll of superior performers by Keefe, Bruyette & Woods (KBW), a
full-service investment bank that specializes in the financial sector.
WesBanco is one of only 31 U.S. banking institutions to be named to the Honor
Roll this year.
KBW screened nearly 400 publicly-traded banking companies with assets of more
than $500 million to assemble the list. To earn Honor Roll status, banks must
meet three conditions:
oNo annual loss reported in net income per share before extraordinary items
over the past 10 years;
o2013 annual reported net income per share before extraordinary items equal
to or greater than peak net income per share over the past ten years; and
oConsecutive increases in net income per share before extraordinary items
"We believe it is fair to say that the past decade has been one of the most
challenging in the history of U.S. banking, as 496 banks failed during that
period," noted Fred Cannon, KBW director of research. "The Bank Honor Roll is
a way for KBW to acknowledge companies that have managed to excel during these
tumultuous times and position their companies for further growth in what
remains a rate-challenged environment."
The companies named to the 2013 Bank Honor Roll significantly outperformed the
banking industry from 2008-2013 in terms of stock performance.
Paul M. Limbert, President & CEO of WesBanco, said, "We are especially proud
of this significant achievement that recognizes our financial performance over
the past ten years, one of the most difficult and challenging periods in
modern banking history. To have come through the significant recession in the
middle of that ten year period is a testament to WesBanco's long-term focus as
well as our ability to adjust to challenging market conditions and regulatory
constraints. We are strongly committed to our shareholders, customers and
employees and are pleased that we have been recognized for providing enhanced
WesBanco, Inc. is a multi-state bank holding company of $6.2 billion in total
assets providing banking services through 120 locations and 106 ATMs in West
Virginia, Ohio and Pennsylvania. WesBanco's banking subsidiary is WesBanco
Bank, Inc., headquartered in Wheeling, West Virginia. WesBanco also operates
an insurance brokerage company, WesBanco Insurance Services, Inc., and a full
service broker/dealer, WesBanco Securities, Inc.
SOURCE WesBanco, Inc.
Contact: For Further Information Contact: Paul M. Limbert, President and Chief
Executive Officer or Robert H. Young, Executive Vice President and Chief
Financial Officer, (304) 234-9000
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