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Stock impact report

Wesbanco Announces Pricing of $230 Million Offering of Depositary Shares Representing Interests in Preferred Stock [Yahoo! Finance]

WesBanco, Inc. (WSBC) 
Last wesbanco, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wesbanco.com
Company Research Source: Yahoo! Finance
announced that it has priced an underwritten public offering of 9,200,000 depositary shares (the "depositary shares") each representing a 1/40 th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share). WesBanco Logo (PRNewsfoto/WesBanco, Inc.) When, as and if declared by the board of directors of Wesbanco or a duly authorized committee of the board, dividends will accrue and be payable quarterly, in arrears, (i) from September 17, 2025 to, but excluding, October 1, 2030, at a rate equal to 7.375% per annum, in arrears on each January 1, April 1, July 1 and October 1, commencing January 1, 2026, and (ii) from and including October 1, 2030, during each reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 3.795% in arrears on each of January Show less Read more
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