WESBANCO, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $223.1M | $151.5M | $159.0M | $192.1M | $242.3M | $122.0M | $158.9M | $143.1M |
| Depreciation & Amortization | $20.2M | $15.3M | $14.4M | $13.0M | $13.4M | $14.1M | $11.6M | $10.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $29.1M | $8.3M | $9.1M | $10.3M | $11.5M | $13.4M | $10.3M | $7.0M |
| Stock-Based Compensation | $8.7M | $7.5M | $8.3M | $6.2M | $6.5M | $5.7M | $5.3M | $4.4M |
| Net Cash from Operating Activities | $290.4M | $211.0M | $169.3M | $204.1M | $336.3M | $59.6M | $163.4M | $191.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.4M | $10.3M | $22.5M | $8.0M | $8.5M | $7.6M | $12.2M | $4.7M |
| Business Acquisitions | — | — | — | — | — | — | $-60.0M | $-278.7M |
| Net Cash from Investing Activities | $-71.0M | $-1.03B | $-535.2M | $-1.07B | $-328.5M | $57.8M | $103.8M | $-51.9M |
| Financing Activities | ||||||||
| Dividends Paid | $125.2M | $87.4M | $82.3M | $81.3M | $86.5M | $85.3M | $66.6M | $53.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $168.6M | $791.9M | $552.9M | $21.1M | $338.1M | $553.3M | $-201.5M | $-88.4M |
| Net Change in Cash | $388.0M | $-27.2M | $187.0M | $-842.9M | $345.9M | $670.7M | $65.6M | $51.6M |
| Free Cash Flow | $280.0M | $200.7M | $146.8M | $196.2M | $327.8M | $52.1M | $151.2M | $187.2M |