WesBanco Announces Full Redemption of 6,000,000 Depositary Shares, Each Representing a 1/40th Interest in a Share of Its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A

WesBanco, Inc. (Nasdaq: WSBC) has announced the full redemption of 6,000,000 depositary shares—each representing a 1/40th interest in a share of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock). The redemption is scheduled for November 15, 2025, at a price of $25.00 per Depositary Share, which correlates to $1,000 per share of Series A Preferred Stock. This decision comes as the company plans to use proceeds from its recently completed public offering of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, which was finalized on September 17, 2025.

On the Redemption Date, all Series A Preferred Stock and accompanying Depositary Shares will cease trading on the NASDAQ Stock Market, and no shares will remain outstanding. Notably, the regular quarterly dividend for the Series A Preferred Stock will be paid on the Redemption Date to holders of record as of November 1, 2025. However, investors should note that the redemption price will not account for any accrued and unpaid dividends; dividends will stop accruing following the Redemption Date.

WesBanco, headquartered in Wheeling, West Virginia, boasts over 150 years of community-focused service and has total assets of roughly $27.5 billion. As a regional financial services provider, the company offers a wide array of banking solutions, wealth management, and insurance services across a nine-state footprint.

For further details on the redemption process, investors are advised to contact the bank or broker through which they hold their Depositary Shares. This strategic move reinforces WesBanco's dedication to prudent financial management while enhancing its capital structure.

WesBanco, Inc. has announced a full redemption of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, effective November 15, 2025. This move comes as the bank reallocates capital, having raised funds through a recent public offering for its new 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Investors in the original Series A preferred stock should understand the implications of this redemption.

The redemption price of $25.00 per Depositary Share (equivalent to $1,000 for each share of Series A Preferred Stock) will be paid to investors on the designated date. Importantly, this redemption will not include any accrued dividends, making it a pure capital event for shareholders. As of the Redemption Date, trading of the Series A Depositary Shares will cease, capping their lifecycle in the market.

For investors, this development presents both immediate and longer-term considerations. First and foremost, shareholders must make timely decisions regarding the redemption process, particularly if they wish to reinvest the proceeds. Given the ongoing low interest-rate environment, WesBanco's new Series B offering—boasting a higher dividend yield—might be an attractive alternative for those seeking enhanced income diversification.

Additionally, this redemption is a strategic financial maneuver reflecting WesBanco's proactive management of its capital structure. By reducing its higher-cost Series A preferred shares and replacing them with more favorable terms in the Series B offering, WesBanco is likely positioning itself for stronger financial performance, which could lead to future stock price appreciation.

Overall, investors should assess their portfolio strategy in light of this redemption, staying abreast of WesBanco’s performance and economic conditions that may influence their investment decisions moving forward. Consideration of the company's long-term viability and dividend conservation should remain paramount in any reassessment of positions.