#United States #WesBanco #Preferred Stock #Wheeling #Depositary Shares

WesBanco's Upcoming Redemption of Preferred Shares

WesBanco, Inc. (NASDAQ: WSBC) has recently announced a significant financial decision regarding its Series A Preferred Stock. On November 15, 2025, the company will execute a full redemption of all 150,000 issued shares of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. This action also encompasses 6,000,000 related depositary shares, each representing a 1/40th interest in a share of the Preferred Stock, at a redemption price of $1,000 per share, or $25.00 per Depositary Share.

How the Redemption Works

This strategic move comes as part of a larger plan funded through net proceeds from a recently completed public offering. On September 17, 2025, WesBanco successfully completed the public offering of depositary shares, which represent a 1/40th interest in its 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. Essentially, this financial maneuver allows WesBanco to streamline its operations and strengthen its balance sheet while aiming to provide maximum benefit to its shareholders.

Holders of the Series A Preferred Stock can expect the regular quarterly dividend to be paid on the redemption date to all record holders as of November 1, 2025. Importantly, the redemption price does not include any accrued or unpaid dividends; thus, dividends will cease to accrue post-redemption.

Impact on Shareholders

The complete redemption of these preferred shares signifies a pivotal shift in WesBanco's investment strategy aimed at fostering greater stability and presenting exciting opportunities for current and prospective investors. This transaction underscores the bank's commitment to its financial health and shareholder value, reaffirming its longstanding reputation in the financial services sector.

Once the redemption takes place, trading of these depositary shares on the NASDAQ Stock Market will also cease, marking the end of an era for the Series A Preferred Stock. Investors should be proactive in contacting their banks or brokers for further details regarding the redemption process to ensure a smooth transition.

About WesBanco

Founded over 150 years ago, WesBanco has established itself as a trusted community-focused financial services provider. With a myriad of offerings aimed at enhancing customers' financial journeys, the organization builds lasting prosperity through relationships and tailored financial solutions. Operating across a nine-state footprint, WesBanco is known for its robust retail and commercial banking solutions, along with trust, brokerage, wealth management, and insurance services designed to empower customers in achieving their financial goals.

As of September 30, 2025, WesBanco boasts total assets of approximately $27.5 billion, including $7.7 billion in Trust and Investment Services, highlighting its strong financial foundation. The company aims to harness its large bank capabilities, combined with a local focus, to enhance community welfare and support growth for individuals and businesses alike.

For additional information and updates on WesBanco, you can visit their official website at www.WesBanco.com or follow them on social media through platforms such as Facebook, LinkedIn, and Instagram.