WesBanco Inc

NASDAQ WSBC

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WesBanco Inc Payables Turnover 5 year CAGR for the year ending December 31, 2023: -11.07%

WesBanco Inc Payables Turnover 5 year CAGR is -11.07% for the year ending December 31, 2023, a -2,908.87% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • WesBanco Inc Payables Turnover for the year ending December 31, 2022 was 14.00, a -62.00% change year over year.
  • WesBanco Inc Payables Turnover for the year ending December 31, 2021 was 36.85, a 124.73% change year over year.
  • WesBanco Inc Payables Turnover for the year ending December 31, 2020 was 16.40, a 111.41% change year over year.
  • WesBanco Inc Payables Turnover for the year ending December 31, 2019 was 7.76, a -29.23% change year over year.
NASDAQ: WSBC

WesBanco Inc

CEO Mr. Todd F. Clossin
IPO Date Aug. 18, 1995
Location United States
Headquarters 1 Bank Plaza, Wheeling, WV, United States, 26003
Employees 2,331
Sector Financial Services
Industry Banks - regional
Description

WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services. The company also provides trust services; and various alternative investment products, including mutual funds and annuities. In addition, it acts as an agency that specializes in property, casualty, life, and title insurance, as well as benefit plan sales and administration to personal and commercial clients; provides broker dealer and discount brokerage services; holds investment securities and loans; and holds and leases commercial real estate properties, as well as acts as an investment adviser to a family of mutual funds. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.

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StockViz Staff

September 20, 2024

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