Wesbanco prices $230M preferred stock offering, plans to redeem $200M in higher-cost securities

WESBANCO INC

Priced 9.2M depositary shares at $25 each (7.375% fixed-rate reset non-cumulative perpetual preferred, Series B).
Net proceeds ~$230M: ~$150M to redeem 6.75% Series A preferred; ~$50M to redeem 4% subordinated notes due 2030.
Remaining proceeds for general corporate purposes, including possible repayment or acquisitions.
Offering expected to close September 17, 2025; depositary shares to list on Nasdaq under WSBCPB.
Joint book-running managers: Keefe, Bruyette & Woods, RBC Capital Markets, and Raymond James.

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