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/NGS: WSBC) ("WesBanco") today announced that on November 15, 2025 it will redeem all of the 150,000 issued and outstanding shares of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock"), and all of the related 6,000,000 issued and outstanding depositary shares (the "Depositary Shares") (Nasdaq: WSBCP), each representing a 1/40th interest in a share of Series A Preferred Stock, for a redemption price of $1,000 per share of Series A Preferred Stock (or $25.00 per Depositary Share). The redemptions will be funded with a portion of the net proceeds from WesBanco's previously disclosed public offering of depositary shares, each representing a 1/40th interest in a share of its 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, which was completed on September 17, 2025.
The Series A Preferred Stock (and related Depositary Shares will be redeemed on the upcoming dividend payment date of November 15, 2025 (the "Redemption Date"). On and after the Redemption Date, no shares of Series A Preferred Stock or Depositary Shares will remain outstanding, and trading of the Depositary Shares on the Nasdaq Stock Market also will cease.
The regular quarterly dividend on the Series A Preferred Stock represented by the Depositary Shares will be paid separately on the Redemption Date to holders of record on November 1, 2025 for such dividend payment in the customary manner in accordance with the terms of the Series A Preferred Stock. Accordingly, the redemption price will not include any accrued and unpaid dividends. On and after the Redemption Date, all dividends on the Series A Preferred Stock and related Depositary Shares will cease to accrue.... Read more

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