WesBanco Boosts Buyback by 4.0M Shares, Declares $0.38 Dividend
WesBanco’s Board approved a 4.0 million share increase to its repurchase program, raising total buyback authorization to 4.9 million shares, or 5.1% of outstanding stock as of March 31, 2026. The bank also declared a $0.38 quarterly common dividend ($1.52 annualized) and a $0.4609 preferred depositary share dividend payable July 1.
1. Board Authorizes Increased Share Repurchase Program
WesBanco’s Board approved an additional 4.0 million share increase to its existing repurchase authorization, adding to the 0.9 million shares remaining under the 2022 program for a new total of 4.9 million shares, or 5.1% of outstanding stock as of March 31, 2026. Repurchases may be conducted via open market purchases, privately negotiated transactions, block trades or Rule 10b5-1 plans, funded from cash balances and other liquidity sources, with timing, price and quantity at management’s discretion and no expiration date.
2. Board Declares Common and Preferred Dividends
The Board declared a quarterly cash dividend of $0.38 per common share, representing an annualized rate of $1.52, payable July 1 to shareholders of record June 5, 2026. It also approved a $0.4609 per depositary share dividend on its 7.375% non-cumulative perpetual preferred Series B stock, covering the period April 1 through June 30, payable the same date to record holders June 5.