secwatch.observer — SEC 8-K summary
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Issuer:     WESBANCO INC (WSBC)
CIK:        0000203596
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0001193125-25-206133
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 8.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/203596/000119312525206133/0001193125-25-206133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/203596/000119312525206133/d862034d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-206133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer