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Wesbanco (Wesbanco) Effective Interest Rate on Debt % : 18.11% (As of Dec. 2023)


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What is Wesbanco Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Wesbanco's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $294.2 Mil. Wesbanco's average total debt for the quarter that ended in Dec. 2023 was $1,624.4 Mil. Therefore, Wesbanco's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.11%.


Wesbanco Effective Interest Rate on Debt % Historical Data

The historical data trend for Wesbanco's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wesbanco Effective Interest Rate on Debt % Chart

Wesbanco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.91 4.29 3.75 4.98 16.12

Wesbanco Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.37 12.69 16.09 18.11 20.42

Competitive Comparison of Wesbanco's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Wesbanco's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wesbanco's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Wesbanco's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wesbanco's Effective Interest Rate on Debt % falls into.



Wesbanco Effective Interest Rate on Debt % Calculation

Wesbanco's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -230.178/( (1121.473+1734.971)/ 2 )
=-1  *  -230.178/1428.222
=16.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=986.404 + 135.069
=1121.473

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1629.078 + 105.893
=1734.971

Wesbanco's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -294.24/( (1513.772+1734.971)/ 2 )
=-1  *  -294.24/1624.3715
=18.11 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1407.079 + 106.693
=1513.772

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1629.078 + 105.893
=1734.971

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Wesbanco  (NAS:WSBC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Wesbanco Effective Interest Rate on Debt % Related Terms

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Wesbanco (Wesbanco) Business Description

Industry
Traded in Other Exchanges
Address
1 Bank Plaza, Wheeling, WV, USA, 26003
Wesbanco Inc is a bank holding company that offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. The company has two reportable segments: community banking and trust and investment services. WesBanco operates one commercial bank, WesBanco Bank, which runs scores of branches. Its market service area primarily includes the Rust Belt region of the United States. Commercial real estate accounts for nearly half of the bank's loan portfolio. The bank has historically grown through both organic growth and acquisitions. The bank's primary component of net revenue is net interest income.
Executives
Proctor Gregory S Jr director 2995 CRAIN HIGHWAY, WALDORF MD 20601
Jeffrey H Jackson officer: SEVP & COO C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Robert J Fitzsimmons director 1701 WARWOOD AVENUE, WHEELING WV 26003
Denise H Knouse-snyder director C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003
Kerry M Stemler director
Scott A Love officer: EVP - Wealth Management C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Jonathan D Dargusch officer: EVP - Wealth Management C/O WESBANCO, INC., ONE BANK PLAZA, WHEELING WV 26003
Todd Clossin officer: EVP & COO 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Jayson M Zatta officer: EVP & Chief Lending Officer C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003
Brent E Richmond officer: Exec. Vice President WESBANCO, INC, 1 BANK PLAZA, WHEELING WV 26003
Robert H Friend officer: EVP & CCO C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Joseph R Robinson director 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Rosie Allen-herring director 1525 POINTER RIDGE PLACE, BOWIE MD 20716
Robert H Young officer: Exec Vice President/CFO 1BANK PLAZA, WHEELING WV 26003
Nelson F Eric Jr director C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003