BuybackMay 20, 2026, 04:28 PM
Wesbanco Board Approves 4.0M Share Buyback Increase; Total 4.9M Shares
AI Summary
Wesbanco, Inc. announced that its Board of Directors approved a 4.0 million share increase to its existing stock repurchase program. This authorization, combined with approximately 0.9 million shares remaining from the prior program, totals 4.9 million shares available for repurchase. This represents 5.1% of the company's shares outstanding as of March 31, 2026, and the program does not have an expiration date.
Key Highlights
- Wesbanco's Board approved an additional 4.0 million shares for repurchase.
- This increases the total shares available for repurchase to 4.9 million.
- The 4.9 million shares represent 5.1% of shares outstanding as of March 31, 2026.
- The repurchase program has no expiration date.
- Purchases will be at Wesbanco's discretion, subject to market conditions.
- Funding will come from existing cash balances and other liquidity sources.
Price Impact
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