Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 63

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 63
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 2024, and Wesbanco and Premier Financial commenced mailing to their respective shareholders on or about November 1, 2024 in connection with their respective special meetings of shareholders, which were held on December 11, 2024, at which the shareholders of both companies approved all matters related to the transaction that were submitted for a vote.  In addition, all of the required regulatory approvals were received on February 12, 2025. For the year ended December 31, 2024, Wesbanco recorded merger-related expenses of $2.9 million related to the Premier acquisition.

NOTE 3. EARNINGS PER COMMON SHAREEarnings per common share are calculated as follows: 

        For the Years Ended December 31,

        (in thousands, except shares and per share amounts)
         
        2024

        2023

        2022

        Numerator for both basic and diluted earnings per common share:

        Net income available to common shareholders
         
        $
        141,385

        $
        148,907

        $
        181,988

        Denominator:

        Total average basic common shares outstanding

        62,589,406

        59,303,210

        60,047,177

        Effect of dilutive stock options and other stock compensation

        64,151

        124,779

        168,197

        Total average diluted common shares outstanding

        62,653,557

        59,427,989

        60,215,374

        Earnings per common share—basic
         
        $
        2.26

        $
        2.51

        $
        3.03

        Earnings per common share—diluted

        2.26

        2.51

        3.02

      As of December 31, 2024, 2023 and 2022, 454,126, 594,017 and 510,211 options, respectively, to purchase shares were excluded in the diluted shares computation because the exercise price was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.As of December 31, 2024, no shares were estimated to be awarded under the total shareholder plans, as the performance metrics were not met and therefore were not included in the diluted calculation. As of December 31, 202