Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 175

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 175
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    7.28

    Tier 1 leverage ratio

    10.68

    9.87

    9.90

    Tier 1 capital to risk-weighted assets

    13.06

    12.05

    12.33

    Total capital to risk-weighted assets

    15.88

    14.91

    15.11

    Common equity tier 1 capital ratio (CET 1)

    12.07

    10.99

    11.20

    Dividend payout ratio

    64.16

    56.18

    45.36

    Trust assets at market value (4)
     
    $
    5,967,610

    $
    5,360,657

    $
    4,878,479

_______

(1)See "Non-GAAP Measures" for additional information relating to the calculation of this item.

(2)Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses.

(3)Presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 21% for all periods presented. Wesbanco believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(4)Trust assets are held by the Bank, in fiduciary or agency capacities for its customers and therefore are not included as assets on Wesbanco’s Consolidated Balance Sheets.

32

Non-GAAP Measures

The following non-GAAP financial measures used by Wesbanco provide information that Wesbanco believes is useful to investors in understanding Wesbanco’s operating performance and trends, and facilitates comparisons with the performance of Wesbanco’s peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in Wesbanco’s financial statements.

    For the years ended December 31,

    (dollars in thousands, except per share amounts)
     
    2024

    2023

    2022

    Tangible common equity to tangible assets:

    Total shareholders’ equity
     
    $
    2,790,281

    $
    2,533,062

    $
    2,426,662

    Less: goodwill