Forbes ranks WesBanco as one of best banks in America.
BANKING AND CREDIT NEWS-February 21, 2017-Forbes ranks WesBanco as one of best banks in America
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WesBanco, Inc. (Nasdaq: WSBC) affiliate WesBanco Bank has been named to Forbes magazine's list of the Best Banks in America, the company said.
The 2017 ranking is WesBanco's seventh year making the list since its inception in 2010.
Forbes magazine ranked banks based on ten, equally weighted metrics related to growth, profitability, capital adequacy, and asset quality based on regulatory filings for the period ending September 30, 2016.
These metrics included 12-month operating revenue growth, return on average tangible equity, return on average assets, net interest margin, efficiency ratio, net charge-offs as a percent of total loans, nonperforming assets as a percent of assets, risk-based capital ratio, reserves as a percent of nonperforming assets, and the CET1 ratio.
Founded in 1870, WesBanco is a multi-state, bank holding company with total assets of approximately USD 9.8bn (as of December 31, 2016). Its banking subsidiary, WesBanco Bank, Inc., operates 174 financial centers in the states of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Feb 21, 2017|
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