WesBanco, Inc. Increases Stock Repurchase Program by 4 Million Shares

WesBanco, Inc. Increases Stock Repurchase Program

WHEELING, W.Va., May 20, 2026 - WesBanco, Inc. (Nasdaq: WSBC), a well-established bank holding company with a significant presence across multiple states, has recently revealed a substantial enhancement to its stock repurchase program. This decision stems from the company's Board of Directors' authorization to increase the program by an impressive 4.0 million shares.

This expansion comes on top of the existing 3.2 million shares previously approved on February 24, 2022. As of March 31, 2026, approximately 0.9 million shares were still available from that initial authorization. Thus, the total number of shares now authorized for repurchase stands at 4.9 million, representing about 5.1% of the company’s outstanding shares at that date.

The strategic timing, pricing, and quantity of repurchases will be at WesBanco's discretion, contingent on market conditions and various other factors. Notably, the company is not bound to repurchase any minimum number of shares and retains the flexibility to modify, suspend, or terminate the program as it sees fit. The repurchases could be executed through a variety of means, including open market purchases, privately-negotiated transactions, or through plans in accordance with applicable securities regulations.

Funding for the repurchase program may derive from a mix of existing cash reserves and other available sources of liquidity, which allows WesBanco to maintain fiscal discipline while still providing value to its shareholders. Importantly, this program does not come with a predetermined expiration date, giving the company ample time to act in alignment with market dynamics.

A Commitment to Shareholder Value

WesBanco has a storied history as a community-centric financial services provider, with over 150 years of experience. The firm remains committed to fostering relationships and solutions that enable its customers to thrive financially. This new share repurchase program reflects WesBanco's dedication to enhancing shareholder value while navigating growing market complexities.

As of now, WesBanco boasts total assets of $27.5 billion, with a significant portion allocated to Trust and Investment Services—approximately $7.8 billion under management, alongside $2.6 billion in securities account values through its broker/dealer as recorded on March 31, 2026. This strong financial foundation equips the corporation with the means to optimize its capital structure, enhancing returns for its investors.

WesBanco offers a diverse suite of banking products and services that includes retail and commercial banking, trust and brokerage services, wealth management, and insurance solutions. By maintaining a robust local focus while leveraging the capabilities of a larger institution, WesBanco continues to improve the landscape of financial services in the areas it serves. The company is headquartered in Wheeling, West Virginia, enabling it to cultivate strong community ties across its ten-state footprint.

In conclusion, the increase in WesBanco's stock repurchase program is not merely a financial maneuver but a strategic commitment to shareholder satisfaction and market responsiveness. For further insights and updates, stakeholders and interested parties are encouraged to visit the company’s website at www.wesbanco.com and follow them on social media platforms like Facebook, LinkedIn, and Instagram.