WesBanco, Inc. (NASDAQ:WSBC), a regional bank holding company based in West Virginia, saw its stock price surge by 5.26% in the intraday trading session on Thursday. This significant upward movement comes amid expectations of a more favorable business environment for the banking industry under the new presidential administration.

Analysts anticipate that the new administration's lighter regulatory approach and pro-growth policies could spur increased mergers and acquisitions activity within the banking sector. With reduced regulatory burdens, banks are expected to benefit from enhanced capital market activity and increased loan growth.

Furthermore, WesBanco's strong market presence across diverse geographies, balanced revenue streams, and robust wealth management capabilities position the company well to capitalize on the positive industry outlook. The bank's recent performance, including year-over-year growth in loans and deposits, further reinforces its solid business momentum.