WesBanco Q1 adjusted EPS beats estimates, net interest income rises

Wesbanco

21/04/2026 21:39

Overview

US regional bank's Q1 adjusted EPS beat analyst expectations

Net interest income for Q1 rose 36% yr/yr, driven by acquisition and organic growth

Company plans closure of 10 financial centers in May 2026 to optimize network

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

NET INTEREST MARGIN - Net interest margin rose 22 basis points yr/yr to 3.57%, driven by lower funding costs and higher earning asset yields

ORGANIC GROWTH & EXPANSION - Organic loan and deposit growth advanced, supported by commercial banking expansion into high-growth South Florida markets

EXPENSE SYNERGIES - Efficiency ratio improved nearly 4 percentage points yr/yr to 52.5%, primarily due to expense synergies from the PFC acquisition and focus on positive operating leverage

Company press release: ID:nPn6swfCFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.91
$0.86 (8 Analysts)
Q1 Net Interest Income
$215.4 mln
Q1 CET1 Capital Ratio
10.67%
Q1 Net Interest Margin
3.57%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for WesBanco Inc is $41.00, about 12.9% above its April 20 closing price of $36.32

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)