0000885275false00008852752025-01-172025-01-17

 

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): 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
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 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

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
President/Chief Executive Officer

 

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,

img112196066_0.jpg img112196066_1.jpg

John McDearman Jimmy Comer
President/CEO, Chairman
Wilson Bank Holding Company Wilson Bank Holding Company

v3.24.4
Document And Entity Information
Jan. 17, 2025
Document Information [Line Items]  
Entity Registrant Name WILSON BANK HOLDING COMPANY
Document Type 8-K
Document Period End Date Jan. 17, 2025
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 Feb 2025 to Mar 2025 Click Here for more Wilson Bank (PK) Charts.
Wilson Bank (PK) (USOTC:WBHC)
Historical Stock Chart
From Mar 2024 to Mar 2025 Click Here for more Wilson Bank (PK) Charts.