Full text of WESBANCO SECURITIES, INC.'s X-17A-5 filed 2023-03-30 (period 2022-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------   {1}------------------------------------------------ ## Audited Financial Statements and Supplemental Schedule As of and for the Year Ended December 31, 2022 # **Contents** | Report of Independent Registered Public Accounting Firm<br>2 | | |----------------------------------------------------------------------------------------------|--| | Audited Financial Statements | | | Statement of Financial Condition<br>3 | | | Statement of Operations4 | | | Statement of Changes in Shareholder's<br>Equity5 | | | Statement of Cash Flows6 | | | Notes to Financial Statements<br>7 | | | Supplemental Schedule<br>Required by Rule 17a-5 of the Securities and<br>Exchange Commission | | | Schedule I<br>-<br>Computation of Net Capital Under<br>Rule 15c3-113 | | 1 {2}------------------------------------------------  {3}------------------------------------------------ ## Statement of Financial Condition ### December 31, 2022 | Assets | |--------| |--------| | Cash (restricted \$250,000) | \lt;br>2,897,814 | |------------------------------------------------------------|-----------------| | Commission receivables | 744,588 | | Deferred tax assets | 67,079 | | Prepaid expenses | 69,151 | | Fixed assets (net of accumulated depreciation of \$54,889) | 16,785 | | Other assets | 148,941 | | Total assets | \lt;br>3,944,358 | | Liabilities and shareholder's equity | | | Liabilities: | | | Accounts payable to affiliate | \lt;br>286,800 | | Commission payable to affiliate | 332,601 | | Other liabilities | 63,199 | | Total liabilities | 682,600 | | Shareholder's equity: | | | Common stock, par value \$1 per share – authorized 500 | | | shares, issued and outstanding 100 shares | 100 | | Additional paid-in capital | 1,875,533 | | Retained earnings | 1,386,125 | | Total shareholder's equity | 3,261,758 | | Total liabilities and shareholder's equity | \lt;br>3,944,358 | *See notes to financial statements.* {4}------------------------------------------------ ## Statement of Operations Year Ended December 31, 2022 | Revenues | | |--------------------------------|-----------------| | Commissions | \lt;br>9,814,573 | | Other | 5,290 | | | 9,819,863 | | Expenses | | | Employee commission expense | 3,533,957 | | Salaries and benefits | 2,931,757 | | Management service fees | 521,087 | | Clearing fees | 320,760 | | Insurance expense | 297,781 | | Occupancy and equipment | 2…Read the full text as markdown