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WesBanco Inc (WSBC)
NASDAQ:WSBC
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.51Last Year’s EPS
0.56Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 10.27%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
WesBanco delivered strong financial results with significant loan and deposit growth, improved net interest margin, and national recognition. The pending acquisition of Premier Financial is expected to further enhance growth. However, there were some concerns about decreased full-year net income and an increase in non-performing loans. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Company Guidance
During the WesBanco Fourth Quarter 2024 Earnings Call, key guidance highlights included the expectation of continued strong loan growth, anticipated to be mid-single-digit during 2025, supported by robust deposit growth. The company reported a $1 billion increase in loans fully funded by a $1 billion rise in deposits, with a compound annual loan growth rate of 9% over the past three years. The net interest margin improved to 3.03% and is projected to further benefit from CD repricing and expected Fed rate cuts. For Q4 2024, WesBanco achieved a net income of $47.6 million and a return on tangible common equity of 13%. The pending acquisition of Premier Financial is set to close in the first quarter, aiming to enhance positive momentum and provide future growth opportunities.Strong Loan and Deposit Growth
WesBanco reported strong loan growth of $1 billion, fully funded by deposit growth of $1 billion, achieving a compound annual loan growth rate of 9% over the past 3 years.
Improved Net Interest Margin
The net interest margin improved to 3.03% with expectations of further improvement in 2025 due to deposit repricing and Federal Home Loan Bank borrowings paydown.
Record Financial Performance
Net income excluding merger and restructuring expenses increased 47% year-over-year to $47.6 million, with a return on tangible common equity of 13%.
Pending Acquisition of Premier Financial
The acquisition of Premier Financial is on track for a first-quarter closing, expected to accelerate positive momentum and expand community engagement.
National Recognition
WesBanco received national accolades for stability, trustworthiness, and workplace excellence, including being named one of Forbes' most trusted companies.
Successful Treasury and Wealth Management Initiatives
Treasury management revenue grew significantly, and wealth management achieved record levels of assets under management of $6 billion.
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WSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $31.74 | $33.43 | +5.32% |
| Oct 23, 2024 | $30.44 | $30.04 | -1.31% |
| Jul 26, 2024 | $33.53 | $32.07 | -4.35% |
| Apr 23, 2024 | $27.99 | $27.30 | -2.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WesBanco Inc (WSBC) report earnings?
WesBanco Inc (WSBC) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is WesBanco Inc (WSBC) earnings time?
WesBanco Inc (WSBC) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSBC EPS forecast?
WSBC EPS forecast for the fiscal quarter 2025 (Q1) is 0.51.
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