← WESBANCO INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $86.6m | $94.5m | $143.1m | $158.9m | $122.0m | $242.3m | $192.1m | $159.0m | $151.5m | $223.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | $119.4m | $232.1m | $182.0m | $148.9m | $141.4m | $202.6m | |
| Depreciation and amortization | $8.8m | $8.9m | $3.9m | $996k | $14.1m | $13.4m | $13.0m | $14.4m | $15.3m | $20.2m | |
| Depreciation, Amortization and Accretion, Net | $9.2m | $10.4m | $10.5m | $11.6m | $14.1m | $13.4m | $13.0m | $14.4m | $15.3m | $20.2m | |
| Amortization of Intangible Assets | $3.6m | $4.9m | $7.0m | $10.3m | $13.4m | $11.5m | $10.3m | $9.1m | $8.3m | $29.1m | |
| Deferred Income Tax Expense (Benefit) | $10.8m | $27.1m | $7.2m | $8.5m | ($10.5m) | ($18.7m) | $4.5m | ($3.7m) | ($3.2m) | $42.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | $3.0m | $4.4m | $5.3m | $5.7m | $6.5m | $6.2m | $8.3m | $7.5m | $8.7m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | $900k | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $31.0m | $53.8m | $31.4m | $34.3m | $23.0m | $59.6m | $44.3m | $35.0m | $33.6m | $56.1m | |
| Operating Lease, Expense | — | — | — | $5.4m | $5.8m | $5.2m | $4.6m | $4.6m | $5.0m | $6.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | ($13.1m) | ($4.6m) | ($19.9m) | $33.4m | $30.3m | ($60.5m) | $63.1m | $30.0m | ($4.5m) | ($30.8m) | |
| Provision for Loan, Lease, and Other Losses | $8.5m | $10.0m | $7.8m | $11.2m | $107.7m | ($64.3m) | ($1.7m) | $17.7m | $19.2m | $77.2m | |
| Bank Owned Life Insurance Income | $4.1m | $4.8m | $6.4m | $5.9m | $7.4m | $8.9m | $10.7m | $11.0m | $9.5m | $15.1m | |
| Increase (Decrease) in Other Operating Liabilities | $7.4m | $2.9m | ($1.7m) | $41.5m | $16.2m | $35.1m | $44.2m | $12.6m | $21.1m | ($40.9m) | |
| Proceeds from Stock Options Exercised | $2.5m | $1.5m | $1.8m | $200k | $153k | $2.4m | $3.0m | $200k | $1.5m | $1.4m | |
| Parent Company | $37.8m | $44.9m | $53.6m | $66.6m | $85.3m | $86.5m | $81.3m | $82.3m | $87.4m | $125.2m | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($900k) | $4.3m | $4.3m | $1.1m | ($1.8m) | $900k | $1.4m | $3.4m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $195k | $147k | ($237k) | ($35k) | $73k | |
| Equipment Expense | $14.5m | $16.0m | $17.2m | $20.5m | $24.8m | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | $918k | ($1.9m) | $1.1m | $1.4m | $3.3m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | $918k | ($1.9m) | $1.1m | $1.4m | $3.3m | |
| Gain (Loss) on Investments | $2.4m | $567k | ($900k) | $4.3m | $4.3m | — | — | — | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | $2.5m | — | — | — | — | — | — | — | — | — | |
| Goodwill | $573.8m | $573.9m | $861.9m | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $1.6b | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $102.0m | $62.5m | ($2.2m) | $17.5m | $21.7m | $76.4m | |
| Derivative, Gain (Loss) on Derivative, Net | — | ($371k) | $131k | ($2.5m) | ($8.8m) | $4.1m | $5.8m | ($1.4m) | $1.2m | ($2.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $123.7m | $141.6m | $191.6m | $163.4m | $59.6m | $336.3m | $204.1m | $169.3m | $211.0m | $290.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.1m | $6.0m | $4.7m | $12.2m | $7.6m | $8.5m | $8.0m | $22.5m | $10.3m | $10.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($4.9m) | — | ($278.7m) | ($60.0m) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $194.6m | ($77.4m) | ($51.9m) | $103.8m | $57.8m | ($328.5m) | ($1.1b) | ($535.2m) | ($1.0b) | ($71.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $285.3m | $211.4m | $267.9m | $438.3m | $803.0m | $839.6m | $604.3m | $341.2m | $340.6m | $638.8m | |
| Proceeds from Issuance of Common Stock | $1.7m | $1.0m | $1.6m | $72k | $59k | — | — | $0 | $191.0m | $540k | |
| Payments of Ordinary Dividends, Common Stock | $37.8m | $44.9m | $53.6m | $66.6m | $85.3m | $86.5m | $81.3m | $82.3m | $87.4m | $125.2m | |
| Other Interest and Dividend Income | $2.2m | $2.3m | $5.3m | $5.4m | $5.0m | $2.4m | $6.3m | $22.4m | $27.2m | $39.7m | |
| Net Cash Provided by (Used in) Financing Activities | ($276.2m) | ($74.8m) | ($88.1m) | ($201.5m) | $553.3m | $338.1m | $21.1m | $552.9m | $791.9m | $168.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $41.5m | ($10.6m) | $51.6m | $65.6m | $670.7m | $345.9m | ($842.9m) | $187.0m | ($27.2m) | $388.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $41.5m | ($10.6m) | $169.2m | $234.8m | $905.4m | $1.3b | $408.4m | $595.4m | $568.1m | $956.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $68.6m | $87.1m | $75.1m | $32.6m | $37.7m | $223.9m | $344.3m | $462.8m | |
| Income Taxes Paid, Net | $22.1m | $22.9m | $18.7m | $31.4m | $37.0m | $35.7m | $24.9m | $35.6m | $26.8m | $31.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.