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WSBC — Wesbanco News Story

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WesBanco Q4 adjusted EPS slightly misses estimates

Overview

Diversified bank's Q4 net income rose 66% yr/yr

Adjusted EPS for Q4 slightly missed analyst expectations

Net interest margin improved 58 basis points yr/yr to 3.61%

Outlook

Company did not provide specific guidance for future quarters or years in press release

Result Drivers

LOAN AND DEPOSIT GROWTH - Total loans increased 51.9% and deposits rose 53.3% year-over-year, driven by PFC acquisition and organic growth

NET INTEREST MARGIN - Improved to 3.61% due to higher asset yields and lower funding costs

EFFICIENCY IMPROVEMENT - Efficiency ratio improved to 51.6% due to PFC acquisition synergies and expense management

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted EPSMiss$0.84$0.85 (7 Analysts)
Q4 Net Interest Income$222.30 mln
Q4 Net Interest Margin3.61%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $39.00, about 11.7% above its January 26 closing price of $34.90 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nPn8DjLlha For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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