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Wesbanco (Wesbanco) ROE % : 5.62% (As of Dec. 2023)


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What is Wesbanco ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wesbanco's annualized net income for the quarter that ended in Dec. 2023 was $139.9 Mil. Wesbanco's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2,490.5 Mil. Therefore, Wesbanco's annualized ROE % for the quarter that ended in Dec. 2023 was 5.62%.

The historical rank and industry rank for Wesbanco's ROE % or its related term are showing as below:

WSBC' s ROE % Range Over the Past 10 Years
Min: 4.56   Med: 7.27   Max: 9.12
Current: 6.44

During the past 13 years, Wesbanco's highest ROE % was 9.12%. The lowest was 4.56%. And the median was 7.27%.

WSBC's ROE % is ranked worse than
70.68% of 1460 companies
in the Banks industry
Industry Median: 9.88 vs WSBC: 6.44

Wesbanco ROE % Historical Data

The historical data trend for Wesbanco's ROE % 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.

* Premium members only.

Wesbanco ROE % Chart

Wesbanco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.95 4.56 8.89 7.50 6.41

Wesbanco Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % 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 6.91 7.27 6.00 5.62 5.63

Competitive Comparison of Wesbanco's ROE %

For the Banks - Regional subindustry, Wesbanco's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Wesbanco's ROE % distribution charts can be found below:

* The bar in red indicates where Wesbanco's ROE % falls into.



Wesbanco ROE % Calculation

Wesbanco's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=159.032/( (2426.662+2533.062)/ 2 )
=159.032/2479.862
=6.41 %

Wesbanco's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=139.872/( (2447.941+2533.062)/ 2 )
=139.872/2490.5015
=5.62 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Wesbanco  (NAS:WSBC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=139.872/2490.5015
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(139.872 / 583.54)*(583.54 / 17528.3755)*(17528.3755 / 2490.5015)
=Net Margin %*Asset Turnover*Equity Multiplier
=23.97 %*0.0333*7.0381
=ROA %*Equity Multiplier
=0.8 %*7.0381
=5.62 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=139.872/2490.5015
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (139.872 / 174.108) * (174.108 / 583.54) * (583.54 / 17528.3755) * (17528.3755 / 2490.5015)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.8034 * 29.84 % * 0.0333 * 7.0381
=5.62 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Wesbanco ROE % Related Terms

Thank you for viewing the detailed overview of Wesbanco's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Wesbanco (Wesbanco) Business Description

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