WesBanco (WSBC)
NASDAQ:WSBC
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WesBanco
(NASDAQ:WSBC)
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Rating:74Outperform
Price Target:
$37.00
▲(1.76% Upside)
Action:Reiterated
Date:05/21/26
WSBC scores well on improving financial performance and strong cash generation, supported by attractive valuation (low P/E and solid dividend yield). The overall score is held back by weaker near-term technical momentum and earnings-call risks around CRE payoffs, higher expenses, and credit metrics (NPL uptick/allowance coverage).
Positive Factors
Strong cash generation
Sustained, high free cash flow relative to net income implies durable internal funding for organic growth, capital returns, and reserves. This reduces reliance on wholesale funding, supports buybacks/dividends, and provides flexibility to invest in technology and expansion over the next several quarters.
Negative Factors
Elevated CRE payoffs pressuring loan growth
Large, ongoing CRE payoffs create structural volatility in loan balances and compress measured loan growth despite origination activity. If sustained, paydowns reduce interest-bearing assets and organic earning-asset growth, forcing management to replace volumes to meet medium-term growth targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained, high free cash flow relative to net income implies durable internal funding for organic growth, capital returns, and reserves. This reduces reliance on wholesale funding, supports buybacks/dividends, and provides flexibility to invest in technology and expansion over the next several quarters.
Read all positive factors
WesBanco Key Performance Indicators (KPIs)
WesBanco (WSBC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.32B
Dividend Yield4.35%
Average Volume (3M)671.27K
Price to Earnings (P/E)9.3
Beta (1Y)0.84
Revenue Growth49.44%
EPS Growth102.42%
CountryUS
Employees3,205
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.16
Shares Outstanding96,180,560
10 Day Avg. Volume578,871
30 Day Avg. Volume671,268
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.74
Price to Sales (P/S)2.08
P/FCF Ratio10.64
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue2.99
Enterprise Value/Gross Profit4.37
Enterprise Value/Ebitda10.53
Forecast
1Y Price Target
$39.75Price Target Upside9.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.6
Revenue Forecast (FY)$1.10B
WesBanco Business Overview & Revenue Model
Company Description
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Communi...
How the Company Makes Money
WesBanco makes money primarily through its banking operations. A key revenue driver is net interest income: the bank earns interest and fees on loans and other interest-earning assets (such as securities) and pays interest on funding sources (prim...
WesBanco Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call presented a largely positive view: strong earnings (EPS +38% YoY), robust pretax pre-provision earnings (+44% YoY), improved profitability metrics, a record commercial pipeline and successful execution on the Premier acquisition. Management acknowledged near-term headwinds—elevated CRE payoffs (Q1 $340M; $700M–$900M expected for the year), a sequential loan decline, a modest rise in NPAs tied to three CRE loans, and higher operating expenses from acquisition-related and strategic investments—but provided clear plans and guidance (pipeline conversion, South Florida expansion, CET1 build, NIM and fee income outlook) to mitigate these issues. Overall, positive fundamentals and strategic momentum outweigh the listed challenges.Positive Updates
Strong Earnings and EPS Growth
Net income available to common shareholders (ex-merger/restructuring) of $87 million; diluted EPS $0.91, up 38% year-over-year; pretax pre-provision earnings of $114 million, up 44% year-over-year.
Negative Updates
Elevated CRE Payoffs Pressuring Loan Growth
Commercial real estate project payoffs totaled $340 million in Q1 and about $1 billion over the last 9 months, creating a 1.4% headwind to year-over-year loan growth; management now expects $700 million to $900 million in CRE payoffs for the full year.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and EPS Growth
Net income available to common shareholders (ex-merger/restructuring) of $87 million; diluted EPS $0.91, up 38% year-over-year; pretax pre-provision earnings of $114 million, up 44% year-over-year.
Read all positive updates
Company Guidance
Management's 2026 guidance emphasized continued disciplined, deposit-funded loan growth and many specific targets: they expect mid-single-digit year-over-year loan growth for 2026 (supported by a record commercial pipeline that rose from $1.6B at quarter end to $1.8B and an early $400M South Florida pipeline), but note elevated CRE payoffs of $700M–$900M expected for the year (Q1 payoffs were $340M and ~$1B of payoffs over the last 9 months). NIM, which was 3.57% in Q1 (up 22 bps YoY), is expected to rebound into the low‑360 bps in Q2 and reach the mid‑ to high‑360s in H2; quarterly fee income is seen growing about 3%–5% YoY (gross commercial swap fee income $8M–$10M; treasury management revenue up 82% YoY to $2.5M). Expense guidance calls for a Q2 run‑rate approaching $150M, rising a couple percent in Q3 (~$152–153M) with ~$2M of annual savings from 10 branch closures realized mid‑Q2, marketing near $4M/quarter, and higher salaries/equipment spend for strategic hires and technology; CET1 was 10.7% at March 31 and is expected to build ~5–10 bps per quarter toward an ~11% year‑end target, and the full‑year effective tax rate is forecast at 20%–21%.WesBanco Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
69
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.51B | 1.43B | 947.61M | 824.87M | 625.14M | 609.51M |
| Gross Profit | 1.03B | 902.97M | 580.97M | 576.96M | 587.46M | 646.75M |
| EBITDA | 428.23M | 311.37M | 200.40M | 208.48M | 249.44M | 315.24M |
| Net Income | 320.73M | 223.11M | 151.51M | 159.03M | 192.11M | 242.26M |
Balance Sheet | ||||||
| Total Assets | 27.48B | 27.70B | 18.68B | 17.71B | 16.93B | 16.93B |
| Cash, Cash Equivalents and Short-Term Investments | 214.45M | 204.86M | 780.73M | 2.79B | 2.94B | 4.26B |
| Total Debt | 1.40B | 1.66B | 1.47B | 1.73B | 1.12B | 458.67M |
| Total Liabilities | 23.41B | 23.66B | 15.89B | 15.18B | 14.51B | 14.23B |
| Stockholders Equity | 4.07B | 4.03B | 2.79B | 2.53B | 2.43B | 2.69B |
Cash Flow | ||||||
| Free Cash Flow | 399.24M | 279.99M | 200.67M | 146.82M | 196.15M | 327.76M |
| Operating Cash Flow | 423.41M | 290.41M | 211.00M | 169.32M | 204.14M | 336.30M |
| Investing Cash Flow | -270.08M | -71.01M | -1.03B | -535.22M | -1.07B | -328.50M |
| Financing Cash Flow | -284.64M | 168.57M | 791.90M | 552.87M | 21.07M | 338.11M |
WesBanco Technical Analysis
Positive
36.36
Price Trends
34.35
Positive
34.60
Negative
32.98
Positive
Market Momentum
-0.16
Negative
54.32
Neutral
84.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSBC, the sentiment is Positive. The current price of 36.36 is above the 20-day moving average (MA) of 33.99, above the 50-day MA of 34.35, and above the 200-day MA of 32.98, indicating a bullish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 54.32 is Neutral, neither overbought nor oversold. The STOCH value of 84.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WSBC.
WesBanco Risk Analysis
WesBanco disclosed 31 risk factors in its most recent earnings report. WesBanco reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WesBanco Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.73B | 10.00 | 11.34% | 1.16% | -2.18% | 26.43% | |
78 Outperform | $3.33B | 13.58 | 11.11% | 3.14% | 6.86% | 13.91% | |
74 Outperform | $3.32B | 9.35 | 8.00% | 4.35% | 49.44% | 102.42% | |
68 Neutral | $3.27B | 18.29 | 9.93% | 1.49% | 149.37% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $3.10B | 10.35 | -10.51% | 4.41% | -57.23% | -320.45% | |
59 Neutral | $3.36B | 13.89 | 9.02% | 2.71% | -5.12% | 11.35% |
* Financial Sector Average
WSBC
WesBanco
34.56
5.53
19.04%
BKU
BankUnited
46.22
12.69
37.86%
CBU
Community Bank System
63.41
9.50
17.63%
MCHB
Mechanics Bancorp Class A
14.15
3.03
27.23%
SFNC
Simmons 1st Nat'l
21.34
3.35
18.62%
WSFS
Wsfs Financial
71.69
19.54
37.48%
WesBanco Corporate Events
Business Operations and StrategyStock Buyback
WesBanco Expands Stock Repurchase Authorization, Boosting Capital Flexibility
Positive
May 20, 2026
On May 20, 2026, WesBanco announced that its board approved a 4.0 million share increase to the stock repurchase program first authorized on February 24, 2022, which had about 0.9 million shares remaining as of March 31, 2026. The expanded authori...
Business Operations and StrategyFinancial Disclosures
WesBanco Outlines Deposit-Funded Growth and Efficiency Strategy
Positive
May 4, 2026
In an investor presentation for the second quarter of 2026, WesBanco outlined a growth strategy built on a 150-year record of profitability, a robust low-cost deposit base and strong capital levels that support lending and expansion across economi...
Executive/Board ChangesShareholder Meetings
WesBanco shareholders approve directors, auditor and equity plan
Positive
Apr 16, 2026
At its April 15, 2026 annual meeting, WesBanco shareholders elected five directors—Louis M. Altman, John L. Bookmyer, Todd F. Clossin, Denise Knouse-Snyder, and F. Eric Nelson Jr.—to three-year terms ending in 2029, and Joseph R. Robin...
Business Operations and StrategyExecutive/Board Changes
WesBanco Board Streamlines Governance Through Director Retirements
Positive
Mar 4, 2026
WesBanco’s board has undertaken a governance-driven restructuring to reduce its size, concluding that the current 19-member board is significantly larger than peers and should be streamlined in the interests of the company and shareholders. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.