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WesBanco Inc (WSBC)
NASDAQ:WSBC
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 4.93%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong deposit and loan growth, successful equity raising, and recognition for workplace culture. However, there were some challenges, including a decrease in noninterest income and an increase in loans past due.Company Guidance
During the WesBanco Third Quarter 2024 Earnings Conference Call, the executive team emphasized several key metrics and strategic insights. WesBanco reported a net income of $36.3 million, or $0.56 per share, excluding restructuring expenses, for the quarter ending September 30, 2024. The company experienced robust loan and deposit growth, with loans increasing by $1.1 billion and deposits by $750 million over the past year, resulting in a tangible common equity ratio rise to 8.84%. Sequential quarter deposit growth annualized at 12% significantly outpaced loan growth at 6%. The bank also raised $200 million of common equity to support future growth. Credit quality remained strong, with nonperforming assets at 0.17% of total assets. The transformative acquisition of Premier Financial Corp. is on track for a first-quarter 2025 closing, pending regulatory and shareholder approvals. Additionally, WesBanco's recent Summer of One campaign contributed to opening over 6,000 new consumer accounts. Looking ahead, the company projects solid loan growth in the fourth quarter, supported by a commercial loan pipeline of approximately $830 million.Strong Deposit and Loan Growth
WesBanco achieved a 12% annualized deposit growth and a 6% annualized loan growth, with total loan growth reaching 10% year-over-year.
Successful Capital Raise
The company raised $200 million in common equity, increasing the tangible common equity ratio by 132 basis points to 8.84%.
Recognized Workplace Culture
WesBanco was named one of America's greatest workplaces for parents and families by Newsweek, receiving a 5-star rating.
Improved Net Interest Income
Despite an increase in share count from the capital raise, earnings per share increased by $0.07 over the linked second quarter.
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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 |
|---|---|---|---|
| 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% |
| Jan 23, 2024 | $28.68 | $29.51 | +2.89% |
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 2024 (Q4) is 0.55.
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