WesBanco (WSBC) Revenue & Revenue Breakdown
WesBanco Revenue Highlights
Latest Revenue (Y)
$825.05M
Latest Revenue (Q)
$232.57M
Main Segment (Y)
Fiduciary and Trust
Main Geography (Y)
Fiduciary and Trust
WesBanco Revenue by Period
WesBanco Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $825.05M | 39.44% |
| 2022-12-31 | $591.70M | 0.17% |
| 2021-12-31 | $590.72M | -2.79% |
| 2020-12-31 | $607.66M | 17.62% |
| 2019-12-31 | $516.62M | 15.44% |
| 2018-12-31 | $447.51M | 18.04% |
| 2017-12-31 | $379.13M | 13.23% |
| 2016-12-31 | $334.83M | 7.51% |
| 2015-12-31 | $311.45M | 19.00% |
| 2014-12-31 | $261.73M | 2.73% |
| 2013-12-31 | $254.77M | 9.29% |
| 2012-12-31 | $233.13M | 1.69% |
| 2011-12-31 | $229.25M | 1.58% |
| 2010-12-31 | $225.69M | 1.22% |
| 2009-12-31 | $222.96M | 2.33% |
| 2008-12-31 | $217.88M | 26.49% |
| 2007-12-31 | $172.25M | 5.52% |
| 2006-12-31 | $163.24M | -4.78% |
| 2005-12-31 | $171.44M | 18.43% |
| 2004-12-31 | $144.76M | 6.26% |
| 2003-12-31 | $136.23M | 3.64% |
| 2002-12-31 | $131.45M | 17.19% |
| 2001-12-31 | $112.17M | 4.93% |
| 2000-12-31 | $106.90M | -3.86% |
| 1999-12-31 | $111.20M | -2.88% |
| 1998-12-31 | $114.50M | 37.13% |
| 1997-12-31 | $83.50M | 8.44% |
| 1996-12-31 | $77.00M | 14.75% |
| 1995-12-31 | $67.10M | -0.15% |
| 1994-12-31 | $67.20M | 31.51% |
| 1993-12-31 | $51.10M | - |
WesBanco generated $825.05M in revenue during NA 2023, up 39.44% compared to the previous quarter, and up 184.36% compared to the same period a year ago.
WesBanco Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $232.57M | 6.33% |
| 2024-03-31 | $218.73M | -1.36% |
| 2023-12-31 | $221.74M | 49.26% |
| 2023-09-30 | $148.56M | -3.16% |
| 2023-06-30 | $153.41M | 0.94% |
| 2023-03-31 | $151.99M | -3.59% |
| 2022-12-31 | $157.64M | 596.31% |
| 2022-09-30 | $22.64M | -83.74% |
| 2022-06-30 | $139.21M | 0.81% |
| 2022-03-31 | $138.09M | -2.09% |
| 2021-12-31 | $141.04M | -4.72% |
| 2021-09-30 | $148.03M | -2.59% |
| 2021-06-30 | $151.97M | 1.52% |
| 2021-03-31 | $149.69M | -1.79% |
| 2020-12-31 | $152.42M | -1.80% |
| 2020-09-30 | $155.21M | 2.19% |
| 2020-06-30 | $151.87M | 2.50% |
| 2020-03-31 | $148.17M | 7.52% |
| 2019-12-31 | $137.80M | 11.97% |
| 2019-09-30 | $123.07M | -5.05% |
| 2019-06-30 | $129.62M | 2.76% |
| 2019-03-31 | $126.13M | -1.71% |
| 2018-12-31 | $128.33M | 10.48% |
| 2018-09-30 | $116.16M | 9.84% |
| 2018-06-30 | $105.75M | 8.72% |
| 2018-03-31 | $97.27M | 1.20% |
| 2017-12-31 | $96.12M | 1.01% |
| 2017-09-30 | $95.15M | 0.95% |
| 2017-06-30 | $94.26M | 0.70% |
| 2017-03-31 | $93.60M | 0.53% |
| 2016-12-31 | $93.11M | 12.12% |
| 2016-09-30 | $83.04M | 4.63% |
| 2016-06-30 | $79.36M | 0.16% |
| 2016-03-31 | $79.23M | 4.01% |
| 2015-12-31 | $76.18M | -3.31% |
| 2015-09-30 | $78.80M | -0.09% |
| 2015-06-30 | $78.86M | 7.82% |
| 2015-03-31 | $73.14M | 19.28% |
| 2014-12-31 | $61.32M | -6.04% |
| 2014-09-30 | $65.27M | -1.93% |
| 2014-06-30 | $66.55M | 3.38% |
| 2014-03-31 | $64.37M | 7.51% |
| 2013-12-31 | $59.88M | -5.33% |
| 2013-09-30 | $63.25M | -0.73% |
| 2013-06-30 | $63.71M | 0.14% |
| 2013-03-31 | $63.62M | 11.36% |
| 2012-12-31 | $57.14M | -0.90% |
| 2012-09-30 | $57.66M | 0.39% |
| 2012-06-30 | $57.43M | 0.49% |
| 2012-03-31 | $57.15M | -0.95% |
| 2011-12-31 | $57.70M | 0.35% |
| 2011-09-30 | $57.50M | -0.98% |
| 2011-06-30 | $58.07M | 3.73% |
| 2011-03-31 | $55.98M | -2.34% |
| 2010-12-31 | $57.32M | 0.63% |
| 2010-09-30 | $56.96M | 2.21% |
| 2010-06-30 | $55.73M | 0.11% |
| 2010-03-31 | $55.67M | -3.77% |
| 2009-12-31 | $57.85M | -1.92% |
| 2009-09-30 | $58.98M | 6.16% |
| 2009-06-30 | $55.56M | 9.88% |
| 2009-03-31 | $50.56M | -5.20% |
| 2008-12-31 | $53.34M | -3.47% |
| 2008-09-30 | $55.26M | -0.35% |
| 2008-06-30 | $55.45M | 3.27% |
| 2008-03-31 | $53.69M | 15.44% |
| 2007-12-31 | $46.51M | - |
WesBanco generated $232.57M in revenue during Q2 2024, up 6.33% compared to the previous quarter, and up 153.02% compared to the same period a year ago.
WesBanco Revenue Breakdown
WesBanco Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Wes Mark Fees | $7.66M | $8.42M | $9.79M | $8.58M | $8.52M |
| Trust Account Fees | $20.47M | $19.13M | $19.72M | $17.75M | $18.06M |
| Personal Service Charges | $23.27M | $23.91M | $20.32M | $19.61M | $24.94M |
| Fiduciary and Trust | $28.14M | $27.55M | $29.51M | - | - |
| Commercial Banking Fees | $2.85M | $2.37M | $2.09M | $2.34M | $2.03M |
| Trail Commissions | $1.00M | $965.00K | $1.12M | $982.00K | $989.00K |
| Managed Money | $1.09M | $1.22M | $1.20M | $952.00K | $738.00K |
| Equity And Debt Security Trades | $283.00K | $87.00K | $242.00K | $349.00K | $434.00K |
| Annuity Commissions | $7.68M | $7.26M | $4.33M | $3.91M | $4.83M |
| Fiduciary And Trust | - | - | - | $26.34M | $26.58M |
WesBanco's latest annual revenue breakdown by segment (product or service), as of Dec 23: Fiduciary and Trust (30.44%), Personal Service Charges (25.17%), Trust Account Fees (22.15%), Annuity Commissions (8.30%), Wes Mark Fees (8.29%), Commercial Banking Fees (3.08%), Managed Money (1.18%), Trail Commissions (1.09%), and Equity And Debt Security Trades (0.31%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Personal Service Charges | $5.60M | $6.16M | $5.97M | $5.58M | $5.56M | $6.17M | $6.34M | $5.88M | $5.52M | $6.13M | $5.59M | $4.28M | $4.33M | $5.08M | $4.76M | $3.74M | $6.03M | $6.62M | $6.54M | $5.70M |
| Trail Commissions | $242.00K | $246.00K | $261.00K | $250.00K | $247.00K | $227.00K | $240.00K | $244.00K | $254.00K | $132.00K | $412.00K | $330.00K | $248.00K | $273.00K | $232.00K | $231.00K | $247.00K | $250.00K | $257.00K | $242.00K |
| Trust Account Fees | $6.10M | $5.11M | $4.75M | $5.01M | $5.61M | $4.72M | $4.46M | $4.42M | $5.54M | $4.92M | $4.77M | $4.71M | $5.31M | $4.48M | $4.22M | $4.19M | $4.86M | $4.53M | $4.26M | $4.21M |
| Fiduciary and Trust | $8.08M | $7.02M | $6.71M | $6.92M | $7.49M | $6.67M | $6.52M | $6.53M | $7.44M | - | - | - | - | - | - | - | - | - | - | - |
| Commercial Banking Fees | $1.19M | $833.00K | $756.00K | $650.00K | $609.00K | $596.00K | $606.00K | $602.00K | $568.00K | $459.00K | $464.00K | $601.00K | $564.00K | $589.00K | $576.00K | $586.00K | $585.00K | $553.00K | $513.00K | $499.00K |
| Annuity Commissions | $1.97M | $1.99M | $1.80M | $1.84M | $2.05M | $2.06M | $1.93M | $1.68M | $1.58M | $1.09M | $1.17M | $1.15M | $917.00K | $805.00K | $1.22M | $845.00K | $1.04M | $811.00K | $1.20M | $1.45M |
| Equity And Debt Security Trades | $80.00K | $80.00K | $54.00K | $149.00K | - | $-7.00K | $29.00K | $8.00K | $57.00K | $36.00K | $73.00K | $57.00K | $76.00K | $69.00K | $27.00K | $94.00K | $159.00K | $78.00K | $151.00K | $103.00K |
| Managed Money | $254.00K | $249.00K | $275.00K | $284.00K | $283.00K | $271.00K | $290.00K | $327.00K | $327.00K | $316.00K | $311.00K | $291.00K | $283.00K | $255.00K | $248.00K | $214.00K | $235.00K | $254.00K | $153.00K | $174.00K |
| Wes Mark Fees | $1.98M | $1.91M | $1.95M | $1.91M | $1.89M | $1.95M | $2.06M | $2.11M | $2.29M | $2.52M | $2.52M | $2.44M | $2.32M | $2.27M | $2.20M | $2.01M | $2.10M | $2.17M | $2.16M | $2.13M |
| Fiduciary And Trust | - | - | - | - | - | - | - | - | $7.83M | $7.29M | $7.15M | $7.63M | $6.75M | $6.43M | $6.20M | $6.95M | $6.70M | $6.42M | $6.34M | - |
WesBanco's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Fiduciary and Trust (31.70%), Trust Account Fees (23.92%), Personal Service Charges (21.95%), Wes Mark Fees (7.78%), Annuity Commissions (7.73%), Commercial Banking Fees (4.66%), Managed Money (1.00%), Trail Commissions (0.95%), and Equity And Debt Security Trades (0.31%).
WesBanco Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Wes Mark Fees | $8.42M | $9.79M | $8.58M | $8.52M | - |
| Commercial Banking Fees | $2.37M | $2.09M | $2.34M | $2.03M | $2.13M |
| Fiduciary and Trust | $27.55M | $29.51M | $24.62M | - | - |
| Personal Service Charges | $23.91M | $20.32M | $19.61M | $24.94M | $21.55M |
| Trust Account Fees | $19.13M | $19.72M | $17.75M | $18.06M | $15.83M |
| Managed Money | $1.22M | $1.20M | $952.00K | $738.00K | $647.00K |
| Equity And Debt Security Trades | $87.00K | $242.00K | $349.00K | $434.00K | $429.00K |
| Annuity Commissions | $7.26M | $4.33M | $3.91M | $4.83M | $5.18M |
| Trail Commissions | $965.00K | $1.12M | $982.00K | $989.00K | $932.00K |
| Fiduciary And Trust | - | - | $26.34M | $26.58M | - |
| WesMark Fees | - | - | - | - | $8.79M |
WesBanco's latest annual revenue breakdown by geography, as of Dec 22: Fiduciary and Trust (30.31%), Personal Service Charges (26.30%), Trust Account Fees (21.05%), Wes Mark Fees (9.26%), Annuity Commissions (7.98%), Commercial Banking Fees (2.61%), Managed Money (1.34%), Trail Commissions (1.06%), and Equity And Debt Security Trades (0.10%).
WesBanco Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| UMBF | UMB Financial | $2.38B | $683.20M |
| WSFS | WSFS Financial | $1.27B | $356.83M |
| TRMK | Trustmark | $892.30M | $103.71M |
| WSBC | WesBanco | $825.05M | $232.57M |
| INDB | Independent Bank | $795.73M | $243.72M |
| SASR | Sandy Spring Bancorp | $704.60M | $184.70M |
| BRKL | Brookline Bancorp | $609.22M | $161.75M |
| PGC | Peapack-Gladstone Financial | $377.41M | $100.88M |
| WABC | Westamerica Ban | $327.54M | $79.57M |
| CTBI | Community Trust Ban | $327.31M | $92.36M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| CFBK | CF Bankshares | $112.31M | $29.99M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| TBNK | Territorial Bancorp | $71.56M | $18.75M |
| UNB | Union Bankshares | $67.00M | $19.40M |
| RBKB | Rhinebeck Bancorp | $66.39M | $17.29M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| TCBC | TC Bancshares | $21.92M | $6.04B |
WSBC Revenue FAQ
What is WesBanco’s yearly revenue?
WesBanco's yearly revenue for 2023 was $825.05M, representing an increase of 39.44% compared to 2022. The company's yearly revenue for 2022 was $591.7M, representing an increase of 0.17% compared to 2021. WSBC's yearly revenue for 2021 was $590.72M, representing a decrease of -2.79% compared to 2020.
What is WesBanco’s quarterly revenue?
WesBanco's quarterly revenue for Q2 2024 was $232.57M, a 6.33% increase from the previous quarter (Q1 2024), and a 51.60% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $218.73M, a -1.36% decrease from the previous quarter (Q4 2023), and a 43.91% increase year-over-year (Q1 2023). WSBC's quarterly revenue for Q4 2023 was $221.74M, a 49.26% increase from the previous quarter (Q3 2023), and a 40.66% increase year-over-year (Q4 2022).
What is WesBanco’s revenue growth rate?
WesBanco's revenue growth rate for the last 3 years (2021-2023) was 39.67%, and for the last 5 years (2019-2023) was 59.70%.
What are WesBanco’s revenue streams?
WesBanco's revenue streams in c 23 are Wes Mark Fees, Trust Account Fees, Personal Service Charges, Fiduciary and Trust, Commercial Banking Fees, Trail Commissions, Managed Money, Equity And Debt Security Trades, and Annuity Commissions. Wes Mark Fees generated $7.66M in revenue, accounting 8.29% of the company's total revenue, down -8.98% year-over-year. Trust Account Fees generated $20.47M in revenue, accounting 22.15% of the company's total revenue, up 7.00% year-over-year. Personal Service Charges generated $23.27M in revenue, accounting 25.17% of the company's total revenue, down -2.68% year-over-year. Fiduciary and Trust generated $28.14M in revenue, accounting 30.44% of the company's total revenue, up 2.12% year-over-year. Commercial Banking Fees generated $2.85M in revenue, accounting 3.08% of the company's total revenue, up 20.07% year-over-year. Trail Commissions generated $1M in revenue, accounting 1.09% of the company's total revenue, up 4.04% year-over-year. Managed Money generated $1.09M in revenue, accounting 1.18% of the company's total revenue, down -10.21% year-over-year. Equity And Debt Security Trades generated $283K in revenue, accounting 0.31% of the company's total revenue, up 225.29% year-over-year. Annuity Commissions generated $7.68M in revenue, accounting 8.30% of the company's total revenue, up 5.77% year-over-year.
What is WesBanco’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of WesBanco was Fiduciary and Trust. This segment made a revenue of $28.14M, representing 30.44% of the company's total revenue.