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

How do the mission, vision, and core values of a financial institution shape its strategic goals and impact its financial performance? Consider WesBanco, Inc. (WSBC), a diversified, multi-state bank holding company, which announced a net income of $141.4 million, or $2.26 per share, for the year 2024. But what exactly drives this performance, and how do WesBanco's guiding principles play a role?

With total assets of $18.7 billion as of December 31, 2024, and a recent transformative merger with Premier Financial Corp., WesBanco's strategic direction is more critical than ever. Dive in to explore the mission, vision, and core values that underpin WesBanco's approach to building lasting prosperity and serving its communities, and how these elements align with its financial objectives and growth strategies.

WesBanco, Inc. (WSBC) An Overview of

WesBanco, Inc., with its headquarters in Wheeling, West Virginia, has a history dating back to 1870. Over the years, it has evolved into a multi-state bank holding company, offering a comprehensive array of financial services. These include retail banking, corporate banking, personal and corporate trust services, brokerage services, and private client services. WesBanco operates primarily in the Midwest and Mid-Atlantic regions, serving communities across states such as West Virginia, Ohio, Pennsylvania, Kentucky, Maryland, and Indiana.

As of April 2025, while specific real-time sales figures are not available, WesBanco's financial performance can be gauged from its latest financial reports. For instance, the company reported net income available to common shareholders of $141.8 million, or $2.47 per diluted share for the year 2023. Total revenue for 2023 reached $669.9 million. These figures demonstrate WesBanco's established position and ongoing operations within the financial sector, though they are based on the 2023 fiscal year.

Focusing on WesBanco's financial performance in its latest reporting period, several key highlights emerge from the 2023 financial year:

• Net income available to common shareholders amounted to $141.8 million, or $2.47 per diluted share.
• Total revenue reached $669.9 million.
• The company's return on average assets was reported at 0.84%, and return on average tangible common equity was 9.9%.
• Net interest income was $502.2 million and non-interest income was $167.7 million.
• WesBanco's asset quality remained strong, with non-performing loans representing only 0.27% of total loans.

These metrics reflect WesBanco's financial health and operational efficiency, underlining its capacity to generate revenue and manage assets effectively. Note that these figures are based on the 2023 fiscal year.

WesBanco stands as a leading financial institution in the Midwest and Mid-Atlantic regions, with a commitment to community banking and a diverse suite of financial services. To gain a deeper understanding of WesBanco's investor profile and the factors driving its success, explore further insights at: Exploring WesBanco, Inc. (WSBC) Investor Profile: Who’s Buying and Why? This exploration will provide a comprehensive view of why WesBanco continues to be a notable player in the banking industry.

WesBanco, Inc. (WSBC) Mission Statement

WesBanco's mission statement reflects its dedication to building strong relationships and providing financial solutions to the communities it serves. The mission statement underscores the company's commitment to various stakeholders, including customers, employees, shareholders, and the community.

Understanding the core components of WesBanco's mission statement provides insight into the company's values and strategic objectives. Let's explore these components in detail:

• Customer Focus: WesBanco emphasizes building lasting relationships with its customers by understanding their unique needs and providing tailored financial solutions.
• Employee Development: The company is dedicated to fostering a supportive and inclusive work environment where employees can grow professionally and contribute to the company's success.
• Shareholder Value: WesBanco aims to deliver consistent and sustainable returns to its shareholders through responsible financial management and strategic growth initiatives.
• Community Commitment: WesBanco is deeply invested in the well-being of the communities it serves, actively participating in local initiatives and supporting economic development.

WesBanco's mission is closely tied to its vision and values. The bank aims to be a reliable financial partner, known for its integrity and dedication to customer satisfaction. You can explore more about WesBanco's history and mission at: WesBanco, Inc. (WSBC): History, Ownership, Mission, How It Works & Makes Money

WesBanco’s financial performance in 2024 demonstrates its commitment to these values. The company reported total assets of $18.7 billion and net income available to common shareholders of $151.7 million. These figures reflect the bank's stability and its ability to generate value for its shareholders while serving its customers and communities.

The bank's dedication to community support is evident through its various initiatives. In 2024, WesBanco contributed over $2.4 million to various charitable organizations and community development projects. These contributions support affordable housing, education, and other vital services, reinforcing WesBanco's role as a community partner.

WesBanco's commitment to employee development is demonstrated through its comprehensive training programs and benefits packages. In 2024, the company invested over $1.8 million in employee training and development, ensuring that its workforce remains skilled and motivated. This investment also helps in maintaining a high level of customer service and satisfaction.

WesBanco, Inc. (WSBC) Vision Statement of

WesBanco, Inc. operates with a clear vision to be a premier financial services company, distinguished by its commitment to customer service, shareholder value, and community investment. Understanding this vision requires a closer look at each of these key components and how they translate into WesBanco's strategies and performance.

Premier Financial Services Company

WesBanco aims to stand out as a leading provider of financial solutions. This ambition is supported by their diverse range of services, including retail banking, corporate banking, wealth management, and trust services. The company's fiscal year 2024 results reflect this focus. WesBanco reported total assets of $18.4 billion, demonstrating its significant presence in the financial sector. Their strategy includes:

• Expanding its digital banking capabilities to meet the evolving needs of customers.
• Investing in technology to enhance operational efficiency and customer experience.
• Offering specialized financial products and services to cater to different customer segments.

Commitment to Customer Service

Exceptional customer service is a cornerstone of WesBanco's vision. The bank strives to build long-term relationships with its customers by providing personalized attention and tailored financial advice. This commitment is evident in WesBanco's consistent recognition for customer satisfaction. To enhance customer service, WesBanco focuses on:

• Empowering its employees to make decisions that benefit customers.
• Implementing customer feedback mechanisms to continuously improve service quality.
• Providing financial literacy programs to help customers make informed decisions.

Enhancing Shareholder Value

WesBanco is dedicated to delivering strong returns to its shareholders. This involves maintaining a strong financial position, managing risk effectively, and pursuing growth opportunities. In 2024, WesBanco reported a return on average assets (ROAA) of 1.01% and a return on average equity (ROAE) of 9.17%, showcasing its profitability and efficiency. Key strategies for enhancing shareholder value include:

• Strategic acquisitions to expand its market presence and diversify its revenue streams.
• Efficient capital management to optimize returns and maintain financial stability.
• Adopting innovative technologies to improve productivity and reduce costs.

Community Investment

WesBanco recognizes the importance of giving back to the communities it serves. The bank actively supports local initiatives and organizations through charitable contributions, sponsorships, and volunteer efforts. In 2024, WesBanco contributed over $2 million to various community development projects and initiatives. The company's community investment strategy includes:

• Supporting affordable housing and community revitalization projects.
• Providing financial education and resources to underserved communities.
• Encouraging employee volunteerism and community involvement.

WesBanco's vision is a comprehensive roadmap that guides its strategic decisions and operational priorities. By focusing on customer service, shareholder value, and community investment, WesBanco aims to create long-term sustainable growth and maintain its position as a premier financial services company. For further insights into WesBanco's investor profile, you might find this resource helpful: Exploring WesBanco, Inc. (WSBC) Investor Profile: Who’s Buying and Why?

WesBanco, Inc. (WSBC) Core Values of

Company operates under a set of core values that guide its actions and define its culture. These values include a commitment to integrity, customer service, teamwork, and community involvement. Company's dedication to these principles is evident in its business practices, employee relations, and community outreach efforts.

Here are some of Company's core values:

• Integrity: Conducting business with honesty and ethical behavior.
• Customer Service: Providing exceptional service and building lasting relationships.
• Teamwork: Collaborating to achieve common goals.
• Community Involvement: Supporting and investing in the local communities.

Integrity

Company places a high priority on integrity, ensuring that all business operations adhere to ethical standards and promote transparency. This commitment is reflected in their corporate governance policies and their approach to compliance. Integrity is not just a buzzword for Company; it's a principle woven into the fabric of their daily operations, influencing every decision made from the executive level down to the front-line employees.

Customer Service

Company is dedicated to providing outstanding customer service by building strong relationships and addressing customer needs efficiently. In 2024, Company continued to invest in customer service training programs for its employees, focusing on enhancing their ability to resolve issues quickly and effectively. This investment has led to a 15% increase in customer satisfaction scores, as measured by internal surveys and feedback mechanisms. Furthermore, Company has expanded its digital banking services, providing customers with more convenient access to their accounts and financial tools. The adoption rate of these digital services increased by 22% in 2024, indicating a strong customer preference for these enhanced capabilities.

Teamwork

Company fosters a collaborative work environment where teamwork is essential to achieving success. Cross-functional teams are commonly used to address complex challenges and drive innovation. In 2024, Company launched several initiatives aimed at strengthening teamwork across different departments. One such initiative was the 'Collaboration Challenge,' a company-wide competition that encouraged teams to develop innovative solutions to specific business problems. This initiative resulted in the implementation of 12 new process improvements, leading to a 10% increase in overall operational efficiency. Additionally, Company invested in team-building workshops and training programs, further enhancing the ability of employees to work together effectively. These efforts have not only improved productivity but also fostered a more positive and inclusive work environment.

Community Involvement

Company is deeply committed to supporting the communities it serves through various initiatives and partnerships. This commitment extends beyond financial contributions to include employee volunteerism and active participation in local events. In 2024, Company contributed over $1.2 million to local community organizations, supporting a wide range of causes, including education, healthcare, and economic development. Additionally, Company employees volunteered over 8,000 hours of their time to various community projects. One notable initiative was the 'Financial Literacy Program,' which provided free financial education to over 500 individuals in underserved communities. This program helped participants improve their financial knowledge and make more informed decisions about their money. Company's dedication to community involvement not only strengthens its ties to the local areas it serves but also enhances its reputation as a socially responsible corporate citizen.

To learn more about Company, check out this insightful resource: Exploring WesBanco, Inc. (WSBC) Investor Profile: Who’s Buying and Why?