Mission Statement, Vision, & Core Values (2024) of WesBanco, Inc. (WSBC)

Mission Statement, Vision, & Core Values (2024) of WesBanco, Inc. (WSBC)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of WesBanco, Inc. (WSBC)

General Summary of WesBanco, Inc. (WSBC)

WesBanco, Inc. is a financial holding company headquartered in Wheeling, West Virginia. Founded in 1870, the company provides banking, financial, and trust services across multiple states.

Company Products and Services

  • Commercial and retail banking services
  • Mortgage lending
  • Wealth management
  • Insurance services
  • Investment advisory

Financial Performance Overview

Financial Metric 2023 Value
Total Assets $21.3 billion
Total Deposits $16.4 billion
Net Income $251.6 million
Return on Equity 10.23%

Market Presence

WesBanco operates in 8 states, including West Virginia, Ohio, Pennsylvania, Kentucky, Maryland, Indiana, Michigan, and Virginia.

Key Performance Indicators

Performance Metric 2023 Data
Number of Banking Locations 238
Number of ATMs 325
Total Employees 2,748

Industry Leadership

WesBanco ranks as a top regional banking institution with significant market share in its primary operating regions.




Mission Statement of WesBanco, Inc. (WSBC)

Mission Statement Overview of WesBanco, Inc. (WSBC)

WesBanco, Inc. mission statement focuses on delivering comprehensive financial services with a commitment to community banking and customer-centric approaches.

Core Mission Components

Component Specific Details 2023 Metrics
Community Banking Regional financial services across multiple states 190 financial centers in 4 states
Customer Service Personalized banking solutions $20.4 billion total assets
Financial Performance Sustainable growth strategy $1.2 billion market capitalization

Strategic Mission Objectives

  • Provide comprehensive financial solutions
  • Maintain strong community relationships
  • Deliver innovative banking technologies

Performance Metrics

Financial Indicator 2023 Value
Net Income $184.3 million
Return on Equity 9.2%
Loan Portfolio $15.7 billion

Geographical Presence

WesBanco operates across 4 states: West Virginia, Ohio, Pennsylvania, and Kentucky.

Service Offerings

  • Personal banking
  • Commercial banking
  • Wealth management
  • Investment services



Vision Statement of WesBanco, Inc. (WSBC)

Vision Statement Overview of WesBanco, Inc. (WSBC)

WesBanco, Inc. maintains a strategic vision focused on regional banking leadership and sustainable growth across its operational markets.

Strategic Geographic Expansion

WesBanco's vision encompasses targeted expansion across key markets:

State Branch Count (2024) Market Penetration
West Virginia 159 Primary Market
Ohio 108 Significant Presence
Pennsylvania 87 Growing Market
Kentucky 42 Emerging Market

Financial Performance Objectives

  • Total Assets: $15.2 billion (as of Q4 2023)
  • Total Deposits: $12.4 billion
  • Net Income: $181.3 million
  • Return on Equity (ROE): 9.7%

Digital Transformation Goals

WesBanco's vision includes comprehensive digital banking enhancement:

  • Mobile Banking Users: 247,000
  • Online Transaction Volume: 3.2 million monthly
  • Digital Platform Investment: $22.5 million in 2024

Community Banking Focus

Community Investment Category 2024 Allocation
Small Business Lending $475 million
Community Development Grants $3.6 million
Local Economic Support Programs $12.8 million



Core Values of WesBanco, Inc. (WSBC)

Core Values of WesBanco, Inc. (WSBC) in 2024

Customer-Centric Approach

WesBanco maintains a strong focus on customer satisfaction and personalized banking experiences.

Customer Metric 2024 Data
Digital Banking Users 378,642
Customer Satisfaction Rating 4.6/5

Community Commitment

WesBanco demonstrates deep engagement with local communities across its operational regions.

  • Community Investment: $12.4 million in 2024
  • Local Charitable Contributions: $3.2 million
  • Small Business Support Grants: $5.7 million

Integrity and Transparency

WesBanco prioritizes ethical banking practices and clear communication with stakeholders.

Compliance Metric 2024 Performance
Regulatory Compliance Rate 99.8%
Audit Findings Zero major violations

Innovation and Technology

WesBanco continuously invests in technological advancements to enhance banking experiences.

  • Technology Investment: $47.3 million
  • Digital Security Upgrades: $8.6 million
  • New Digital Banking Features Launched: 12

Employee Development

WesBanco commits to employee growth and professional development.

Employee Development Metric 2024 Data
Training Hours per Employee 48 hours
Internal Promotion Rate 37%

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