Community Banking was Wesbanco’s largest segment in fiscal 2024, bringing in $1.73B of $1.76B (98%).
| Statement Business Segments | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Community Banking | $1.73B | $1.72B | $1.73B |
| Trust & Investment Services | $81.71M | $75.64M | $80.05M |
| Corporate Other | -$32.57M | -$47.32M | -$48.27M |
| Total | $1.78B | $1.75B | $1.76B |
Wesbanco brought in $1.76B from its three segments in fiscal 2024, the year ended December 31, 2024. That was up 0.5% from $1.75B in fiscal 2023. Community Banking was the largest at $1.73B (98.2%), ahead of Trust & Investment Services at $80.05M (4.5%).
Compared with fiscal 2023, Trust & Investment Services grew 5.8% to $80.05M and Community Banking grew 0.3% to $1.73B. From fiscal 2022 to 2024, combined revenue from these segments fell from $1.78B to $1.76B, a compound annual decline of 0.5%. Community Banking's share of the total rose from 97.2% to 98.2%.
The total is net of Corporate Other, which took $48.27M off revenue in fiscal 2024.
Total Trust Fees was Wesbanco’s largest product and service line in fiscal 2020, bringing in $79.01M of $198.09M (40%).
| Product and Service | FY 2016 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|
| Total Trust Fees | — | — | $79.01M | |
| Personal Service Charges | — | — | $58.82M | |
| Trust Account Fees | — | $54.18M | $53.26M | |
| Commercial Banking Fees | $5.20M | — | $7.01M | |
| Total | $5.20M | $54.18M | $198.09M |
Wesbanco brought in $198.09M from its four product and service lines in fiscal 2020, the year ended December 31, 2020. Wesbanco regrouped these lines after fiscal 2019, so the total does not compare directly with that year's $54.18M. Total Trust Fees was the largest at $79.01M (39.9%), ahead of Personal Service Charges at $58.82M (29.7%) and Trust Account Fees at $53.26M (26.9%). The remaining line, Commercial Banking Fees, brought in $7.01M.
Wesbanco began breaking out Personal Service Charges in fiscal 2020 and Trust Account Fees in fiscal 2019.
Wesbanco (WSBC) reports its revenue by statement business segments and by product and service. In fiscal 2024, Community Banking was its largest segment, bringing in $1.73B (98.2% of the total), followed by Trust & Investment Services at $80.05M (4.5%).
Community Banking was Wesbanco's largest segment in fiscal 2024, bringing in $1.73B, or 98.2% of the $1.76B total across its three segments.
Total Trust Fees was Wesbanco's largest product and service line in fiscal 2020, bringing in $79.01M, or 39.9% of the $198.09M total across its four product and service lines.
Trust & Investment Services grew faster than Community Banking in fiscal 2024, up 5.8% from $75.64M to $80.05M. Community Banking grew 0.3% to $1.73B.
Every figure comes from Wesbanco's annual financial filings, as reported. Each line keeps the name Wesbanco gives it, and years follow its fiscal calendar.
Wesbanco's revenue by statement business segments goes back to fiscal 2022, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.