Wesbanco raises $230M via 7.375% Series B preferred stock offering

WESBANCO INC

Completed public offering of 9.2M depositary shares representing 7.375% Series B Preferred, raising ~$230M.
Each depositary share equals 1/40th interest in a Series B share with $1,000 liquidation preference; $25 per depositary share.
Underwriting syndicate led by Keefe, Bruyette & Woods, RBC Capital Markets, and Raymond James.
Series B ranks senior to common stock and parity with existing Series A preferred; dividends non-cumulative.
Articles of Amendment establishing Series B filed Sept 15, 2025; offering closed Sept 17.

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