WesBanco Inc (WSBC)
NASDAQ:WSBC
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WesBanco
(NASDAQ:WSBC)
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Rating:70Outperform
Price Target:
$39.00
â–²(7.94% Upside)
Action:ReiteratedDate:03/05/26
WSBC scores well on improving financial momentum (stronger 2025 revenue and cash generation with moderate leverage) and supportive valuation (mid-teens P/E plus ~4.2% yield). The score is held back by only modest recent returns/profitability versus prior peaks and a mixed near-term technical picture, while the earnings outlook is constructive but tempered by elevated CRE payoffs and acquisition-related expense pressures.
Positive Factors
Acquisition-driven Scale
Integration of Premier meaningfully increases scale and market presence, pushing WesBanco into the top-50 U.S. regional banks. Greater scale supports revenue diversification, expense leverage, broader product distribution and competitive positioning that endure beyond near-term cycles.
Negative Factors
Elevated CRE Payoffs
Substantial and recurring CRE payoffs materially headwind loan growth and can force reinvestment at different yields, compressing balance-sheet momentum. Persisting payoffs create structural uncertainty in loan book growth and may pressure NIM and asset mix for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisition-driven Scale
Integration of Premier meaningfully increases scale and market presence, pushing WesBanco into the top-50 U.S. regional banks. Greater scale supports revenue diversification, expense leverage, broader product distribution and competitive positioning that endure beyond near-term cycles.
Read all positive factors
WesBanco (WSBC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.47B
Dividend Yield4.35%
Average Volume (3M)543.73K
Price to Earnings (P/E)8.2
Beta (1Y)0.81
Revenue Growth41.49%
EPS Growth-5.53%
CountryUS
Employees3,205
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.84
Shares Outstanding96,113,060
10 Day Avg. Volume435,954
30 Day Avg. Volume543,728
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 Cap1.42
Enterprise Value/Revenue3.44
Enterprise Value/Gross Profit5.46
Enterprise Value/Ebitda15.84
Forecast
1Y Price Target
$40.00Price Target Upside10.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)3.72
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 generates revenue primarily through its interest income, which comes from loans and leases extended to customers, as well as from investments in securities. The company's key revenue streams include net interest income from traditional ba...
WesBanco Key Performance Indicators (KPIs)
WesBanco Earnings Call Summary
Earnings Call Date:Jan 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 21, 2026
Earnings Call Sentiment Positive
The call highlights strong and broad-based financial performance driven by the successful Premier acquisition, marked NIM expansion, deposit-funded loan growth, record fee businesses and disciplined credit metrics. These positives are tempered by elevated CRE payoffs that pressured loan growth, higher expenses linked to the acquisition and near-term investments and seasonal deposit variability. Management provided constructive 2026 guidance and concrete cost-saving actions (branch closures) to offset inflationary pressures.Positive Updates
Strong Full-Year and Quarterly Earnings Growth
Full-year diluted EPS of $3.40 (excluding merger-related charges and day-1 purchased loan provision), up 45% YoY; full-year pretax pre-provision earnings growth >100% YoY; fourth-quarter net income excluding merger/restructuring expenses of $81 million and diluted EPS of $0.84, up 18% YoY.
Negative Updates
Elevated Commercial Real Estate (CRE) Payoffs
CRE project payoffs totaled $415 million in Q4 and $905 million for the year (2.5x prior year) — ~$100 million more than prior guidance — creating an estimated ~4% headwind to loan growth and management expects payoffs of $600–800 million in 2026, weighted to the first half of the year.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year and Quarterly Earnings Growth
Full-year diluted EPS of $3.40 (excluding merger-related charges and day-1 purchased loan provision), up 45% YoY; full-year pretax pre-provision earnings growth >100% YoY; fourth-quarter net income excluding merger/restructuring expenses of $81 million and diluted EPS of $0.84, up 18% YoY.
Read all positive updates
Company Guidance
WesBanco’s 2026 guidance models two 25‑bp Fed cuts (April and July) and a NIM path roughly flat at 3.61% in Q1, up 3–5 bps in Q2 and modestly into the high‑3.60% range in the back half of the year; fair‑value accretion was ~27 bps in Q4 and is modeled at ~25 bps in Q1 (then ~1–2 bps/quarter). Management expects mid‑single‑digit YoY loan growth funded by deposits, assumes elevated CRE payoffs of $600–$800M in 2026 weighted to H1 (after $905M in 2025 and $415M in Q4), a commercial loan pipeline >$1.2B (40% in new markets), and gross commercial swap fees of $7–$10M; securities cash flows of ~$250M/quarter are being reinvested at ~4.7% vs. portfolio yields of ~3.3% (125–150 bps pickup). Expense and capital assumptions include Q1 expenses roughly consistent with Q4, anticipated annualized savings of ~$6M from 27 branch closures beginning mid‑Q1, marketing +$800k/quarter, higher equipment/software spend versus $25M, Series B preferred dividends of $4.24M/quarter from Q1, CET1 at 10.34% with modeled build of ~15–20 bps/quarter (targeting >10.5% by mid‑year), and a full‑year effective tax rate of 20.5–21.5%; provision, reserve and exact expense cadence remain subject to macro and credit metrics.WesBanco Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.43B | 947.61M | 824.87M | 625.14M | 609.51M |
| Gross Profit | 902.97M | 580.97M | 576.96M | 587.46M | 646.75M |
| EBITDA | 311.37M | 200.40M | 208.48M | 249.44M | 315.24M |
| Net Income | 223.11M | 151.51M | 159.03M | 192.11M | 242.26M |
Balance Sheet | |||||
| Total Assets | 27.70B | 18.68B | 17.71B | 16.93B | 16.93B |
| Cash, Cash Equivalents and Short-Term Investments | 204.86M | 780.73M | 2.79B | 2.94B | 4.26B |
| Total Debt | 1.66B | 1.47B | 1.73B | 1.12B | 458.67M |
| Total Liabilities | 23.66B | 15.89B | 15.18B | 14.51B | 14.23B |
| Stockholders Equity | 4.03B | 2.79B | 2.53B | 2.43B | 2.69B |
Cash Flow | |||||
| Free Cash Flow | 279.99M | 200.67M | 146.82M | 196.15M | 327.76M |
| Operating Cash Flow | 290.41M | 211.00M | 169.32M | 204.14M | 336.30M |
| Investing Cash Flow | -71.01M | -1.03B | -535.22M | -1.07B | -328.50M |
| Financing Cash Flow | 168.57M | 791.90M | 552.87M | 21.07M | 338.11M |
WesBanco Technical Analysis
Positive
36.13
Price Trends
34.86
Positive
33.93
Positive
32.39
Positive
Market Momentum
0.22
Negative
68.34
Neutral
91.44
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 36.13 is above the 20-day moving average (MA) of 33.87, above the 50-day MA of 34.86, and above the 200-day MA of 32.39, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 68.34 is Neutral, neither overbought nor oversold. The STOCH value of 91.44 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.62B | 10.45 | 10.61% | 1.16% | -3.62% | 10.83% | |
70 Outperform | $3.47B | 8.17 | 5.67% | 4.35% | 41.49% | -5.53% | |
70 Outperform | $3.24B | 15.30 | 10.99% | 3.14% | 9.41% | 20.64% | |
69 Neutral | $3.46B | 12.64 | 8.99% | 2.71% | -5.44% | 45.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $3.52B | 12.04 | 10.40% | 1.49% | -1.40% | -420.27% | |
61 Neutral | $2.96B | -6.78 | -11.48% | 4.41% | -55.53% | -387.04% |
* Financial Sector Average
WSBC
WesBanco
36.13
10.19
39.29%
BKU
BankUnited
46.98
18.14
62.88%
CBU
Community Bank System
61.44
11.59
23.25%
MCHB
Mechanics Bancorp Class A
15.21
5.08
50.10%
SFNC
Simmons 1st Nat'l
20.43
3.33
19.47%
WSFS
Wsfs Financial
68.64
23.05
50.57%
WesBanco Corporate Events
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. ...
Business Operations and StrategyFinancial Disclosures
WesBanco Highlights Growth Strategy and Diversified Loan Portfolio
Positive
Feb 11, 2026
In the first quarter of 2026, WesBanco plans to present investors with an updated view of its operations as of the three months ended December 31, 2025, highlighting a diversified $19.2 billion loan portfolio and an average loans-to-deposits ratio...
Executive/Board Changes
WesBanco announces retirement of Chief Risk Officer Perkins
Neutral
Jan 23, 2026
On January 22, 2026, WesBanco, Inc. announced that Senior Executive Vice President and Chief Risk Officer Michael L. Perkins will retire from his position effective June 30, 2026. The company plans to enter into a separation agreement with Perkins...
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.