11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

[X]	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
	AND EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2003

OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File Number 0 -8467
A.	Full title of the plan and the address of the plan, if different from that of the               issuers named below:
WESBANCO, INC.  KSOP
B.	Name of issuer of the securities held pursuant to the plan and the address of its
	principal executive office:

WesBanco, Inc.

1 Bank Plaza

Wheeling, WV 26003

Required Information

A. Financial Statements and Schedules:	Page
Report of Independent Registered Public Accounting Firm	1
Audited Financial Statements
Statements of Net Assets Available for Benefits	2
Statements of Changes in Net Assets Available for Benefits	3
Notes to Financial Statements	4
Supplemental Information
Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year)	12
Schedule H, Line 4(j) - Schedule of Reportable Transactions	13
B. Exhibits:
23     Consent of Independent Registered Public Accounting Firm	E - 1

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

	WESBANCO, INC. KSOP
	( Name of Plan)
June 28, 2004
Date
	/s/ Robert H. Young
	Robert H. Young
	Executive Vice President and Chief Financial Officer

Audited Financial Statements

and Supplemental Information

WesBanco, Inc. KSOP

Years ended December 31, 2003 and 2002

with Report of Independent Registered Public Accounting Firm

WesBanco, Inc. KSOP

Audited Financial Statements and Supplemental Information

Years ended December 31, 2003 and 2002

Contents

Report of Independent Registered Public Accounting Firm	1
Audited Financial Statements
Statements of Net Assets Available for Benefits	2
Statements of Changes in Net Assets Available for Benefits	3
Notes to Financial Statements	4
Supplemental Information
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)	12
Schedule H, Line 4j—Schedule of Reportable Transactions	13

ERNST & YOUNG 

Report of Independent Registered Public Accounting Firm

Retirement Plans’ Committee

WesBanco, Inc.

We have audited the accompanying statements of net assets available for benefits of the WesBanco, Inc. KSOP as of December 31, 2003 and 2002, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2003 and 2002, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.

Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules of assets (held at end of year) as of December 31, 2003, and reportable transactions for the year then ended, are presented for purposes of additional analysis and are not a required part of the financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan’s management. The supplemental schedules have been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, are fairly stated in all material respects in relation to the financial statements taken as a whole.

/s/ Ernst & Young LLP

June 4, 2004

1

WesBanco, Inc. KSOP
Statements of Net Assets Available for Benefits
	December 31
			2003		2002
Assets
Investments:
Registered investment companies		$	11,023,589	$	6,944,889
WesBanco common stock			13,906,702		12,207,148
WesBanco Unitized Fund			4,053,876		3,018,082
Cash and short-term investments			309,855		150,770
Participant loans			8,212		-
Total investments			29,302,234		22,320,889
Due from merged plan			-		1,354,380
Contributions receivable			184,664		120,380
Accrued assets			120,988		122,918
Total assets			29,607,886		23,918,567
Liabilities
Note payable to bank			578,850		1,028,850
Accrued liabilities			25,193		7,582
Net assets available for benefits		$	29,003,843	$	22,882,135
See accompanying notes.

2

WesBanco, Inc. KSOP
Statements of Changes in Net Assets Available for Benefits
	Years ended December 31
			2003		2002
Additions
Investment income:
Interest and dividends		$	595,007	$	563,582
Net appreciation (depreciation) in fair value of investments			4,899,208		(8,015	)
Total investment income			5,494,215		555,567
Contributions:
Employer			888,843		894,261
Employees			1,437,288		1,498,595
Total contributions			2,326,131		2,392,856
Assets from merged plans			-		1,354,380
Total additions			7,820,346		4,302,803
Deductions
Distributions to participants			1,651,163		1,912,483
Interest expense			47,475		83,034
Total deductions			1,698,638		1,995,517
Net increase			6,121,708		2,307,286
Net assets available for benefits:
Beginning of year			22,882,135		20,574,849
End of year		$	29,003,843	$	22,882,135
See accompanying notes.

3

WesBanco, Inc. KSOP

Notes to Financial Statements 

Years ended December 31, 2003 and 2002

1. Plan Description

WesBanco, Inc. is a bank holding company offering a wide range of financial services, including customary banking services, trust and investment management, insurance and brokerage services, through offices located in West Virginia, central and eastern Ohio, and western Pennsylvania.

The following brief description of the WesBanco, Inc. KSOP (Plan) is provided for general information purposes only. Participants should refer to the Plan agreement and Summary Plan Description for more complete information. The Plan is administered by a committee comprised of employees and directors appointed by the Board of Directors of the Company. The Plan includes an Employer Stock Ownership Plan (ESOP), established on December 31, 1986, which is a noncontributory, defined contribution plan, and also qualifies as a cash or deferral arrangement under Section 401(k) of the Internal Revenue Code effective January 1, 1996. The Trust Department of WesBanco Bank, Inc. is the trustee of the ESOP. State Street Bank and Trust Company is the trustee for the 401(k) portion of the Plan. Trustee f ees may be paid by the Plan or Plan Sponsor (WesBanco, Inc.) at the discretion of the Plan Sponsor.

Employee Stock Ownership Plan

Employer contributions to the ESOP are made in an amount determined by the Board of Directors. For any year in which the ESOP has a loan outstanding, the contribution may be no less than is needed to pay the principal and interest on the loan for that year, net of dividends received on unallocated common stock. The ESOP makes contributions to participants who complete 1,000 hours of service during the plan year and who are actively employed on December 31. Contributions and forfeitures are allocated to participants in proportion to each participant’s compensation, but cannot exceed the lesser of $40,000 or 100% of such participant’s compensation during the plan year.

Participants’ interests in the ESOP are fully vested after five years of service. Distributions to participants who have left employment of the Company or their beneficiaries may be paid in either cash or stock in lump-sum or installments over a period that the participant selects, within certain Plan restrictions. Generally, terminations of employment for reasons other than death, normal retirement, or permanent disability prior to completion of five years of service result in forfeiture. Forfeitures of terminated nonvested account balances at December 31, 2003 and 2002 totaled $80,224 and $41,853, respectively.

4

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

1. Plan Description (continued)

The ESOP maintains a revolving line of credit with WesBanco Bank, Inc. and uses the proceeds of the loan to buy common stock of the Company. The ESOP holds common stock in a suspense account until principal payments are made on the loan. As loan payments are made, an amount of common stock is released from the suspense account and allocated to the accounts of the participants based on each participant’s compensation. The borrowing is collateralized by the unallocated shares of stock and periodic payments are guaranteed by the Company. The lender has no rights against shares once they are allocated under the ESOP. At December 31, 2003, the ESOP holds 502,773 shares of WesBanco stock, of which 447,736 shares were allocated to specific employee accounts and 55,037 shares were unallocated .

401(k)

The 401(k) provides for salary deferral and matching employer contributions. Effective January 1, 2002, an employee who has completed 60 days of service after attaining 21 years of age shall become a participant of the 401(k) the first day of each calendar month. Eligible employees can invest the employee deferral, employer matching, and employee rollover contribution among funds that are made available by the Plan Administrator. A participant’s interest is 100% vested in the employee deferral, employee matching, and rollover accounts. Hardship distributions can be made from a participant’s employee deferral account with approval by the Plan Administrator, if specific criteria are met.

Employer matching contributions may be paid to the Trust in cash or shares of WesBanco common stock, as determined by the Board. Effective January 1, 2003, the matching contributions are equal to 50% of the first 4% of compensation deferred. In 2002 contributions to the 401(k) equaled 50% of the first 2% of compensation deferred and 25% of the next 2% of compensation deferred. The amount of the contribution will not be greater than the amount permitted by federal law. Effective January 1, 2004, participants may redirect any employer matching contributions made in common stock into other registered investment funds if the participant has been employed for three years or more.

5

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

1. Plan Description (continued)

In 2003, WesBanco replaced the Harbor International Growth Fund with the Harbor International Fund. During 2002, WesBanco added four new funds, including the T. Rowe Price Mutual Fund, Vanguard Group Fed Fixed Income Fund, Vanguard Group Fixed Income Intermediate Term, and the Fidelity Investments Growth Company Fund. Other fund options included Federated Prime Obligations Fund, Federated Max-Cap Fund, WesMark Bond Fund, WesMark Growth Fund, WesMark Balanced Fund, WesMark Small Company Fund, Harbor Capital Appreciation Fund, and the AIM Funds Group Basic Value Class A, and the WesBanco Unitized Fund. The unitized fund allows participants to transfer in and out of the unitized fund on a daily basis.

The net assets of the American Bancorporation Profit Sharing 401(k) (American Plan) were transferred into the Plan on January 3, 2003. American Plan participants were permitted to borrow from their fund accounts based upon the vested portion of participant and American contributions. Existing loans from the American Plan were grandfathered into the Plan; however, no new loans are permitted. Loan transactions were treated as a transfer to (from) the investment funds from (to) loans to participants. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates. Interest rates ranged from 5.75% to 10.5%. Principal and interest were paid ratably through payroll deductions.

2. Summary of Significant Accounting Policies

The financial statements of the Plan are prepared on the accrual basis, except for distributions to participants that are recorded when paid. Purchases and sales of securities are accounted for as of the trade date. Interest and dividend income is recorded as earned.

Valuation of Investments

The Plan’s investments are stated at fair value. Securities traded on a national securities exchange are valued at the last reported sales price on the last business day of the Plan year. Shares of registered investment companies are valued at the net asset value of shares held by the Plan at year-end.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

6

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

2. Summary of Significant Accounting Policies (continued)

Priorities Upon Termination of the Plan

The Company reserves the right to terminate the Plan at any time. In the event the Plan is completely or partially terminated or the Company determines it will permanently discontinue making contributions to the Plan, all property then credited to the participants’ accounts will immediately become fully vested and nonforfeitable. The trustee will be directed to either continue to hold the property in the participants’ accounts in accordance with the provisions of the Plan until such accounts would become distributable under the provisions of the Plan, or distribute to such participants all property allocated to their accounts.

3. Transactions with Parties-in-Interest

Legal, accounting, and other administrative fees are paid at the discretion of the Plan Sponsor by the Plan or Plan Sponsor. WesBanco Bank, Inc. provides investment advisory services for the WesMark funds. The Plan is administered by the Plan Sponsor. The trustee of the ESOP is the Trust and Investment Services Department of WesBanco Bank, Inc. As noted below, the note payable represents a loan from WesBanco Bank. The Company makes contributions to the Plan which, for the ESOP, are then used to make required payments on the note payable to the Company.

4. Note Payable

During 2000, the WesBanco ESOP renewed a revolving line of credit with WesBanco Bank, Inc. Conditions of the loan agreement provide for a revolving line of credit in the aggregate amount of $2,000,000 which facilitated the purchase of 120,000 shares of WesBanco common stock in the open market early in 2001. No additional stock purchases have occurred since that date. The loan bears interest at a rate equal to the lender’s base rate and requires annual repayments of principal equal to 20% of the balance as of January 1 of each year. The loan has a final maturity date of five years from the date of inception. The $2,000,000 revolving line of credit had a balance of $578,850 and $1,028,850 as of December 31, 2003 and 2002, respectively.

7

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

5. Income Tax Status

The Plan has received a determination letter from the Internal Revenue Service dated May 15, 2003, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax-exempt.

6. Investments

For the years ended December 31, 2003 and 2002, the Plan’s investments (including investments bought, sold, and held during the year) appreciated (depreciated) in fair value, as determined by quoted market prices, as follows:

		2003						2002
					Net						Net
					Appreciation						Appreciation
	Fair Value					(Depreciation	)		Fair Value			(Depreciation	)
InInvestments at fair value as determined by quoted market price:
Participant-directed investments:
Federated Prime Obligations Fund		$	1,179,888		$	-		$	944,774		$	-
WesMark Small Company Fund			980,130			306,659			598,674			(276,055	)
WesMark Bond Fund			840,042			(1,158	)		772,561			5,224
WesMark Growth Fund			3,660,258	*		921,987			2,276,300	*		(703,220	)
Harbor International Growth Fund			-			164			127,877			(39,458	)
Harbor International Fund			415,393			76,573			-			-
WesMark Balanced Fund			745,619			100,228			392,793			(89,462	)
Harbor Capital Appreciation Fund			878,544			202,283			635,068			(292,548	)
Federated Max-Cap Fund			704,135			135,324			231,481			(68,693	)
AIM Funds Group Basic Value Class A			1,122,695			272,802			740,896			(208,102	)
Vanguard Group Fed Fixed Income Fund			42,621			(489	)		34,735			30
Vanguard Group Fixed Income Intermediate Term			287,424			(8,566	)		142,398			3,123
T. Rowe Price Mutual Funds Small Cap Stock			115,551			19,910			42,529			(1,488	)
Fidelity Investments Growth Company Fund			51,289			6,603			4,803			(170	)
Participant loans			8,212			-			-			-
Total participant-directed			11,031,801			2,032,320			6,944,889			(1,670,819	)
Nonparticipant-directed investments:
WesBanco common stock			13,906,702	*		2,160,966			12,207,148	*		1,293,982
WesBanco Unitized Fund			4,053,876	*		705,922			3,018,082	*		368,822
Federated Prime Obligations Fund			309,855			-			150,770			-
Total nonparticipant-directed			18,270,433			2,866,888			15,376,000			1,662,804
Total		$	29,302,234		$	4,899,208		$	22,320,889		$	(8,015	)

*The fair value of these individual investments represents 5% or more of the Plan’s net assets.

8

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

6. Investments (continued)

Nonparticipant-Directed Investments

Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments is as follows:

	December 31, 2003
		WesBanco Allocated ESOP Fund		WesBanco Unallocated ESOP Fund			WesBanco Unitized Fund		Total
Investments at fair value:
WesBanco common stock	$	12,384,387	$	1,522,315		$	-	$	13,906,702
WesBanco Unitized Fund		-		-			4,053,876		4,053,876
Cash and short-term investments		309,855		-			-		309,855
Total investments		12,694,242		1,522,315			4,053,876		18,270,433
Accrued assets		120,988		-			-		120,988
Due to (from)		648,378		(648,378	)		-		-
Total assets		13,463,608		873,937			4,053,876		18,391,421
Note payable to bank		-		(578,850	)		-		(578,850	)
Net assets available for benefits	$	13,463,608	$	295,087		$	4,053,876	$	17,812,571

	December 31, 2002
		WesBanco Allocated ESOP Fund		WesBanco Unallocated ESOP Fund			WesBanco Unitized Fund		Total
Investments at fair value:
WesBanco common stock	$	10,201,821	$	2,005,327		$	-	$	12,207,148
WesBanco Unitized Fund		-		-			3,018,082		3,018,082
Cash and short-term investments		150,770		-			-		150,770
Total investments		10,352,591		2,005,327			3,018,082		15,376,000
Accrued assets		122,918		-			-		122,918
Due to (from)		718,026		(718,026	)		-		-
Total assets		11,193,535		1,287,301			3,018,082		15,498,918
Note payable to bank		-		(1,028,850	)		-		(1,028,850	)
Net assets available for benefits	$	11,193,535	$	258,451		$	3,018,082	$	14,470,068

9

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

6. Investments (continued)

	Year ended December 31, 2003
		WesBanco Allocated ESOP Fund			WesBanco Unallocated ESOP Fund			WesBanco Unitized Fund			Total
Net assets available for benefits at       January 1, 2003	$	11,193,535		$	258,451		$	3,018,082		$	14,470,068
Additions:
Interest and dividends		450,054			47,209			-			497,263
Net appreciation in fair value of investments		2,055,811			105,155			705,922			2,866,888
Contributions		-			450,000			527,909			977,909
Deductions:
Distributions		(754,045	)		-			(127,758	)		(881,803	)
Interest expense		-			(47,475	)		-			(47,475	)
Net transfers		518,253			(518,253	)		(70,279	)		(70,279	)
Net assets available for benefits at December 31, 2003	$	13,463,608		$	295,087		$	4,053,876		$	17,812,571

	Year ended December 31, 2002
		WesBanco Allocated ESOP Fund			WesBanco Unallocated ESOP Fund			WesBanco Unitized Fund		Total
Net assets available for benefits at     January 1, 2002	$	10,124,667		$	239,215		$	2,820,823	$	13,184,705
Additions:
Interest and dividends		426,090			72,948			-		499,038
Net appreciation in fair value of investments		1,136,970			157,012			368,822		1,662,804
Contributions		-			550,000			512,978		1,062,978
Deductions:
Distributions		(1,171,882	)		-			(359,586	)	(1,531,468)
Interest expense		-			(83,034	)		-		(83,034)
Net transfers		677,690			(677,690	)		(324,955	)	(324,955)
Net assets available for benefits at December 31, 2002	$	11,193,535		$	258,451		$	3,018,082	$	14,470,068

10

WesBanco, Inc. KSOP

Notes to Financial Statements (continued)

7. American Bancorporation Profit Sharing 401(k) Plan

On March 1, 2002, WesBanco completed the acquisition of American Bancorporation. As a result of the acquisition, the American Bancorporation Profit Sharing 401(k) Plan (American Plan) was frozen effective March 31, 2002 and all eligible American Plan participants were automatically enrolled in the Plan. Effective December 31, 2002, the American Plan was merged with and into the 401(k) portion of the Plan. As a result, a due from the American Plan of $1,354,380 was recorded as of December 31, 2002. The net assets of the American Plan were transferred into the Plan on January 3, 2003.

8. Subsequent Event (Unaudited)

Effective July 1, 2004, PNC Bank, N.A. (PNC) will be appointed trustee and recordkeeper of the KSOP Plan replacing both State Street Bank and Trust and Investment Services of WesBanco Bank, Inc.

11

WesBanco, Inc. KSOP
EIN: 55-0571723 Plan Number: 002
Schedule H, Line 4i—Schedule of Assets
(Held at End of Year)
December 31, 2003
Identity of Issue, Borrower, Lessor, or Similar Party	Description of Investment	Cost	Current Value
Short-Term Investments
309,855	Federated Prime Obligations Fund (ESOP)	NR	$ 309,855
Registered Investment Companies
1,179,888	Federated Prime Obligations Fund	NR	1,179,888
135,004	WesMark Small Company Fund*	NR	980,130
84,004	WesMark Fixed Income Fund*	NR	840,042
289,348	WesMark Growth Fund*	NR	3,660,258
11,291	Harbor International Fund	NR	415,393
82,207	WesMark Balanced Fund*	NR	745,619
33,379	Harbor Capital Appreciation Fund	NR	878,544
31,281	Federated Max-Cap Fund	NR	704,135
38,396	AIM Funds Group Basic Value Class A	NR	1,122,695
4,028	Vanguard Group Fed Fixed Income Fund	NR	42,621
25,213	Vanguard Group Fixed Income Intermediate Term	NR	287,424
4,130	T-Rowe Price Mutual Funds Small Cap Stock	NR	115,551
1,024	Fidelity Investments Growth Company Fund	NR	51,289
Equity Securities
502,773	WesBanco Common Stock*	$ 6,997,675	13,906,702
Unitized Fund
299,400	WesBanco Unitized Fund*	NR	4,053,876
Participant Loans
-	Loan Account* (interest rates range from
	5.75% to 10.50% and have maturities
	through December 2005)	$ 0	8,212
*Party-in-interest
NR - Not required

12

WesBanco, Inc. KSOP
EIN: 55-0571723 Plan Number: 002
Schedule H, Line 4j—Schedule of Reportable Transactions
Year ended December 31, 2003
Identity of Party Involved	Description of Assets	Purchase Price	Selling Price	Cost of Asset	Current Value of Asset on Transaction Date	Net Gain
Category III
Federated Prime Obligations Fund	Registered Investment Company
	96 purchases	$ 1,598,878	$         -	$ 1,598,878	$ 1,598,878	N/A
	68 sales	-	1,224,100	1,224,100	1,224,100	-
N/A—Not Applicable
There were no type (I), (II), or (IV) transactions for the year ended December 31, 2003.

 

13

EX-23

Exhibit 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in the Registration Statements (Forms S-8 Nos. 333-06741 and 333-109777) pertaining to the WesBanco, Inc. KSOP of our report dated June 4, 2004, with respect to the financial statements and schedules of the WesBanco, Inc. KSOP included in this Annual Report (Form 11-K) for the year ended December 31, 2003.

/s/ Ernst & Young LLP

June 24, 2004

Pittsburgh, Pennsylvania