8-K
WILSON BANK HOLDING CO (WBHC)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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): January 17, 2025 |
|---|
WILSON BANK HOLDING COMPANY
(Exact name of Registrant as Specified in Its Charter)
| Tennessee | 0-20402 | 62-1497076 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>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<br>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 January 17, 2025, 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 fiscal year ended December 31, 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<br><br>Number | Description |
|---|---|
| 99.1 | EX-99.1 Letter to shareholders mailed January 17, 2025 |
| 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: | January 17, 2025 | By: | /s/ John C. McDearman III |
| John C. McDearman III<br>President/Chief Executive Officer |
EX-99.1
Exhibit 99.1
January 17, 2025
Dear Shareholders,
As we close the books on 2024, we are thrilled to share that Wilson Bank & Trust has achieved a record year, marked by significant milestones and growth. Surpassing $5 billion in total assets and delivering record net income are accomplishments that reflect the strength of our team, the loyalty of our customers, and the growth of the communities we proudly serve.
The following are our results as of, and for the twelve months ended, December 31, 2024:
- Assets as of December 31, 2024 were $5.359 billion, representing an increase of $512.3 million, or 10.57% from December 31, 2023.
- Loans as of December 31, 2024 were $4.092 billion, representing an increase of $496.4 million, or 13.81% from December 31, 2023.
- Deposits as of December 31, 2024 were $4.830 billion, representing an increase of $462.9 million, or 10.60% from December 31, 2023.
- Net Income for the year was $56.5 million, up 15.5% from $48.9 million in 2023.
- Earnings Per Diluted Share for 2024 were $4.78, compared to $4.20 in 2023.
The board has declared a $1.00 per share cash dividend to shareholders of record as of January 1, 2025, payable on January 24, 2025. The latest price at which the company’s common stock has been traded of which we are aware is $75.10 per share.
This past year has been marked by strategic growth. Expanding our footprint, while deepening our ties in our current markets, means the opportunity to serve more customers and positively impact more communities in Tennessee. We are excited to announce several key developments as we kick off 2025:
- Century Farms Office: Our new full-service office in the Century Farms community is officially open, and we celebrated with a ribbon-cutting ceremony on January 16th. This location is a cornerstone of our efforts to better serve the southeastern Nashville region.
- Chattanooga Office: We are in the final stages of preparing for the launch of our full-service Chattanooga office, which we anticipate opening in early spring. This new office will expand our footprint into one of Tennessee’s most dynamic and growing markets.
- Cookeville Expansion: With our recently announced proposed acquisition of a Cookeville branch office from F&M Bank, we are proud to welcome a new location near Tennessee Tech University. When that transaction closes, this office, just steps from the heart of campus, will enhance our ability to meet the needs of students, faculty, and local residents. Combined with our existing Jefferson Avenue location, this expansion will allow us to deepen our commitment to the Cookeville community. We are eager to welcome F&M’s customers and employees into our family, continuing our tradition of personalized banking services that have become a hallmark of Wilson Bank & Trust.
The success of 2024 would not have been possible without the dedication of our employees, the trust of our customers, and the support of our shareholders. Our bank remains committed to living our core values: Customer Focused, Community Centric, Faith, Integrity, Teamwork and Success. These values act as the signature ingredients of our robust recipe for consistency in customer experience. Thank you for your continued support and belief in Wilson Bank & Trust. We are excited about continuing the journey in 2025!
Warm regards,
John McDearman Jimmy Comer President/CEO, Chairman Wilson Bank Holding Company Wilson Bank Holding Company