0000885275false00008852752024-10-112024-10-11

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 11, 2024

 

 

WILSON BANK HOLDING COMPANY

(Exact name of Registrant as Specified in Its Charter)

 

 

Tennessee

0-20402

62-1497076

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

623 West Main Street

 

Lebanon, Tennessee

 

37087

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 615 444-2265

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

None

 

N/A

 

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


Item 2.02 Results of Operations and Financial Condition.

On October 11, 2024, Wilson Bank Holding Company (the “Company”) mailed a letter to its shareholders (the “Shareholder Letter”) describing, among other things, the Company’s earnings for the first nine months of 2024. The Shareholder Letter is furnished herewith as Exhibit 99.1.

Item 7.01 Regulation FD Disclosure.

The information set out in Item 2.02 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit

Number

Description

99.1

EX-99.1 Letter to shareholders mailed October 11, 2024

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

WILSON BANK HOLDING COMPANY

 

 

 

 

Date:

October 11, 2024

By:

/s/ John C. McDearman III

 

 

 

John C. McDearman III
President/Chief Executive Officer

 


 

 

 

October 11, 2024

Dear Shareholder:

This quarter, we celebrated a momentous milestone for our bank, and we are thrilled to share it with you, our shareholders. Wilson Bank & Trust officially surpassed $5 billion in assets which is a testament to the hard work, dedication, and commitment of every member of the WBT family, both past and present. Surpassing this mark, positions us to offer even greater resources to our customers and deepen our investment in the communities we proudly serve. Overall, it is a powerful reminder of what we can achieve together. The following is a summary of our financial performance for the first nine months of 2024:

 

Assets as of September 30, 2024 were $5.3 billion, representing an increase of $405.4 million, or 8.4% from December 31, 2023.
Loans as of September 30, 2024 were $3.99 billion, representing an increase of $393.9 million, or 11.0% from December 31, 2023.
Deposits as of September 30, 2024 were $4.7 billion, representing an increase of $339.5 million, or 7.8% from December 31, 2023.
Shareholders’ equity as of September 30, 2024 was $483.5 million, representing an increase of $54.1 million, or 12.6% from December 31, 2023.
Net Income for the nine months ended September 30, 2024 was $41.6 million, up $3.9 million, or 10.3%, over the nine months ended September 30, 2023.
Earnings Per Diluted Share for the nine-month period ended September 30, 2024 were $3.52, compared to $3.25 for the nine-month period ended September 30, 2023, an increase of 8.3%.

 

The latest price at which the Company’s common stock has been traded of which we are aware was $74.10 per share.

 

This success allows us to move forward with new opportunities for expansion. One such example is the opening of our Century Farms office, which is progressing nicely and scheduled to open in just a few short months. This location will provide more accessible service locations to our customers in the Davidson County market and continue to elevate our presence in this key market for our bank.

 

We remain deeply committed to giving back within all our communities, and our We Believe Together employee-led initiative, continues to drive that focus. Whether through volunteer efforts, local sponsorships, or educational partnerships, we aim to make a meaningful difference in the lives of our neighbors. One very recent example was displayed in our efforts to help our neighbors in East Tennessee devastated by Hurricane Helene. In partnership with several Tennessee banks and our relationship with the Tennessee Bankers Association, WBT made a financial contribution to aid in the support of those impacted in our state. We will also continue to collect much needed


necessities at all our locations throughout the bank’s footprint. We plan to continue our efforts to help our neighbors in the coming weeks and months, as we know all too well the long-term effects a natural disaster has on a community.

 

Lastly, I want to highlight our much-anticipated annual Oktoberfest event on October 19 and 20. This cornerstone event brings together families, customers, and communities to celebrate all things local while enjoying a fun-filled weekend. We are looking forward to good food, great weather, and even better fellowship.

 

Thank you for your continued trust and support as we celebrate these milestone achievements for our bank.

 

Warm regards,

img112196066_0.jpg img112196066_1.jpg

 

John McDearman Jimmy Comer

President/CEO Chairman
Wilson Bank Holding Company Wilson Bank Holding Company

 


v3.24.3
Document And Entity Information
Oct. 11, 2024
Document Information [Line Items]  
Entity Registrant Name WILSON BANK HOLDING COMPANY
Document Type 8-K
Document Period End Date Oct. 11, 2024
Entity Incorporation, State or Country Code TN
Entity File Number 0-20402
Entity Tax Identification Number 62-1497076
Entity Address, Address Line One 623 West Main Street
Entity Address, City or Town Lebanon
Entity Address, State or Province TN
Entity Address, Postal Zip Code 37087
City Area Code 615
Local Phone Number 444-2265
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security None
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000885275

Wilson Bank (PK) (USOTC:WBHC)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Wilson Bank (PK) Charts.
Wilson Bank (PK) (USOTC:WBHC)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Wilson Bank (PK) Charts.