What is Wesbanco's latest dividend and current dividend yield?

What is Wesbanco's gross profit margin?

What were the key takeaways from Wesbanco's earnings call?

Did Wesbanco beat or miss consensus estimates last quarter?

What guidance did Wesbanco's management provide for the next earnings period?

What factors drove the changes in Wesbanco's revenue and profit?

What is the market's earnings forecast for Wesbanco next quarter?

What is the revenue and EPS growth rate for Wesbanco year over year?

- **Record Q3 Earnings**: $90 million net income (excl. merger costs), up 68% YoY, with EPS of $0.94.
- **Strong Loan Growth**: 4.8% YoY and 2.2% QoQ loan growth, despite $235M CRE payoffs.
- **Efficiency Ratio Improvement**: 55% (down 10pts YoY) driven by cost control and Premier synergies.
- **Deposit Momentum**: $570M YoY core deposit growth, fully funding loan expansion.
- **Pipeline Strength**: $1.5B pipeline as of mid-Oct, with Knoxville LPO contributing 5%.
- **Margin Expansion**: 3-5bps quarterly, supported by FHLB borrowing reduction and Series B Preferred issuance.
- **Branch Optimization**: 27 closures to generate $6M annual savings, no new market closures.
- **Health Care Vertical**: $250M loans and $80M deposits in 6 months, targeting $300-500M annualized growth.

**【CEO Summary Section】**
- Reported third-quarter net income of $90 million, excluding merger-related charges, with EPS of $0.94, up 68% year-over-year.
- Loan growth of 4.8% year-over-year and 2.2% quarter-over-quarter, despite $235 million in CRE payoffs.
- Deposit growth of $570 million year-over-year, fully funding loan growth, with core deposit categories driving expansion.
- Efficiency ratio improved to 55%, down 10 percentage points year-over-year, reflecting cost control and operational excellence.
- Customer satisfaction scores rebounded to pre-conversion levels, exceeding industry averages at 80+ percentile.
- New loan production offices (LPOs) contributed $1.5 billion to the pipeline, with Knoxville LPO accounting for 5% of total pipeline.
- Planned 2026 loan growth expected in mid- to upper single digits, supported by strong pipelines and new market expansion.

**【CFO Financial Commentary】**
- GAAP net income of $81 million ($0.84 per share), with non-GAAP EPS of $0.94, up 150% year-over-year.
- Net interest margin of 3.53%, up 58 basis points year-over-year, driven by lower funding costs and higher loan yields.
- Fee income grew 52% year-over-year, with record highs in trust fees, service charges, and swap fees.
- Noninterest expense increased 46% year-over-year due to Premier acquisition and core deposit intangible amortization.
- Credit quality stable, with allowance for loan losses at 1.15% of total loans.
- Regulatory capital ratios well above 'well-capitalized' thresholds, with CET1 ratio expected to improve 15-20 basis points quarterly.

**【Q&A Highlights】**
- **Loan Growth & Pipeline**: CEO Jeff Jackson highlighted $2.3 billion in year-over-year loan production, with a $1.5 billion pipeline as of mid-October. Despite $800 million in annualized CRE payoffs, mid-single-digit loan growth expected for 2025.
- **Net Interest Margin**: CFO Dan Weiss expects 3-5 basis points of quarterly margin expansion, driven by Federal Home Loan Bank borrowing reduction and Series B Preferred Stock issuance.
- **Deposit Competition**: CFO noted deposit pricing normalization as higher-cost CDs mature, with core deposit growth outpacing industry trends.
- **Branch Optimization**: 27 financial centers to close by late January, generating $6 million annual pretax savings, with no new market closures.
- **Health Care Vertical**: New team closed $250 million in loans and $80 million in deposits in 6 months, with potential $300-500 million annualized growth.
- **Capital Management**: $230 million Series B Preferred Stock issuance to redeem $150 million Series A Preferred and $50 million Premier sub debt, improving capital ratios.
- **Buyback & Dividends**: Focus on capital build and dividends, with buybacks unlikely in the near term.

WesBanco, Inc. (WSBC) Q3 2025 Earnings Call Transcript

- **EPS Surpass**: Q2 EPS of $0.91 (excl. merger costs), up 86% YoY, driven by 3.59% net interest margin and 40% fee income growth.\n- **Premier Synergies**: $44 million fee income (40% YoY), seamless 400,000 consumer/50,000 business conversions, and $1.3B loan pipeline (30% new markets).\n- **Growth Engines**: 7% YoY commercial loan growth, $800M deposit expansion, and 58% YoY asset growth to $27.6B.\n- **Efficiency Boost**: 55.5% efficiency ratio (10ppt YoY improvement), $87.3M cost saves, and 3-5bps Q/Q margin expansion.\n- **Strategic Moves**: New LPOs in Knoxville/Northern Virginia, health care-focused team, and 2025 loan growth targeting mid-single digits.\n- **Risk Management**: Stable credit metrics (1.19% allowance ratio), $255M CRE payoffs YTD, and cautious Fed rate outlook.\n

**【CEO Summary Section】**
- **Strong Q2 Performance**: Reported diluted EPS of $0.91 (excluding merger costs), up 86% YoY, driven by a 3.59% net interest margin and 40% fee income growth.\n- **Premier Integration Success**: Converted 400,000 consumer and 50,000 business relationships seamlessly, with fee income reaching $44 million (40% YoY growth).\n- **Organic Growth Momentum**: Total loans grew 6% YoY, deposits increased $800 million YoY (6%), and commercial loans expanded 7% YoY.\n- **Strategic Investments**: Launched 2 new LPOs in Knoxville and Northern Virginia, and hired a health care-focused commercial banking team.\n- **Pipeline Strength**: $1.3 billion commercial loan pipeline (30% from new markets), with 5% growth in 3 weeks post-Q2.\n- **Efficiency Improvements**: Efficiency ratio improved 10ppt YoY to 55.5%, with $87.3 million in cost saves achieved.\n
**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $54.9 million ($0.57 EPS), vs. $29.4 million ($0.49 EPS) prior year. Non-GAAP EPS of $0.91, up 200% YoY.\n- **Balance Sheet Growth**: Total assets $27.6 billion (52% YoY), loans $18.8 billion (53.6% YoY), deposits $21.2 billion (58% YoY).\n- **Margin Dynamics**: 3.59% net interest margin (+24bps QoQ, +64bps YoY), driven by 37bps purchase accounting accretion.\n- **Expense Management**: Noninterest expense $145.5 million (47.5% YoY growth), with $143 million run rate excluding one-time costs.\n- **Outlook**: Modeling 2 Fed rate cuts (neutral impact on margin), 60% of $2.9 billion CDs repricing down, and 3-5bps legacy margin improvement per quarter.\n- **Credit Quality**: Allowance-to-loans ratio 1.19%, stable credit metrics, and $255 million CRE payoffs YTD.\n
**【Q&A Highlights】**
- **Credit Culture**: LPOs maintain same underwriting standards, with no differential risk. Criticized loans up slightly due to Premier regrades, but expect improvement Q3.\n- **Expense Priorities**: Dividends first, then organic growth (LPOs, health care team). Midyear merit increases offset $26 million in cost saves.\n- **Loan Growth Targets**: Mid-single-digit growth for 2025, targeting mid- to upper-single digits long-term.\n- **Deposit Pipeline**: Robust third/fourth quarter growth expected, with new deposit campaign and treasury product adoption.\n- **Preferred Stock Update**: Evaluating November 15 callable preferred with 10%+ reset rate.\n- **Branch Rationalization**: Reviewing 250+ branches for profitability, potential cost saves in H2.\n- **Margin Outlook**: Temporary 5-7bps Q3 decline due to Premier CD runoff, rebounding to 3.59%+ in Q4.\n

WesBanco, Inc. (WSBC) Q2 2025 Earnings Call Transcript

- **Acquisition Payoff**: $27.4B assets post-Premier, +54% YoY net income to $51.2M. 
- **Margin Expansion**: 3.35% NIM (+43bps YoY), targeting >3.50% in 2025. 
- **Growth Engine**: 8% loan growth fully funded by deposits, $1.4B pipeline. 
- **Cost Control**: 58.62% efficiency ratio, $140M Q3+ expense run rate. 
- **Credit Stability**: 1.25% allowance ratio, limited trade war exposure. 
- **Capital Build**: CET1 at 10%, no near-term M&A plans. 


**【CEO Summary Section】**
- Successful completion of Premier Financial acquisition, elevating WesBanco into the top 100 U.S. banks by asset size (now $27.4B). 
- Net income (excluding merger costs) rose 54% YoY to $51.2M, with EPS of $0.66 (+18% YoY). 
- Organic loan growth of 8% YoY ($921M) fully funded by deposit growth of 5% YoY ($922M). 
- Net interest margin (NIM) improved to 3.35% (+43bps YoY), driven by higher loan yields and lower funding costs. 
- Commercial loan pipeline expanded to $1.4B (+$100M since Q1 end), with 25% from Premier. 
- 90% of Premier employees retained, with seamless integration underway. 

**【CFO Financial Commentary】**
- GAAP net loss of $11.5M (-$0.15 EPS) due to day-one credit loss provision and merger costs. 
- Adjusted net income of $51.2M (+54% YoY), with pretax pre-provision earnings up 25%. 
- NIM of 3.35% (+32bps QoQ) benefited from $8.4M in Premier loan accretion and CD restructuring. 
- Deposit funding costs at 188bps (non-interest bearing) reflect organic growth excluding CDs (+11% QoQ annualized). 
- Efficiency ratio improved to 58.62% vs. 61.5% prior year. 
- Projected 2025 NIM to exceed 3.50% with 15-20bps accretion from Premier. 
- Full year expense run rate expected at $140M, including $9M/Q in intangible amortization. 

**【Q&A Key Highlights】**
- **Margin Outlook**: 3-5bps organic NIM expansion + Premier accretion. 25bps Fed cuts unlikely to impact neutral balance sheet. 
- **Cost Savings**: $140M Q3+ expense run rate, with $45M merger costs in Q2. 
- **Balance Sheet**: $140M loan sales Q2, $1B+ land dev pipeline. 
- **Credit Quality**: Stable with 1.25% allowance ratio, limited D.C. exposure (<0.7%). 
- **Capital Management**: CET1 at 10%, focused on rebuilding vs. buybacks/M&A. 
- **CRE Concentration**: 298% of risk-based capital, under regulatory limits. 
- **Fee Income**: Premier adds $34.7M Q1 noninterest income, with organic growth in swaps and treasury management. 


WesBanco (WSBC)-30 Apr 25-2025 Q1 Earnings call transcript

- **Record Q4 Earnings**: $47.6M net income (ex merger costs), +29% YoY. Full-year EPS $2.34, up 12%.
- **Loan Growth Acceleration**: $1B loan growth (9% CAGR), fully funded by deposits. Commercial loans +11% YoY.
- **NIM Expansion**: 3.03% Q4 NIM, +8bps QoQ. Q1 2025 NIM could rise 4-6bps from CD repricing.
- **Premier Synergies**: Pro forma NIM ~3.55%, +10-15bps vs prior guidance. $26M annual cost savings post-merger.
- **2025 Outlook**: Mid-single-digit loan growth, improving margin, and $0.01 dividend increase.


**【CEO Summary Section】**
- **Strong Financial Performance**: Reported net income of $47.6 million (excluding merger costs) for Q4 2024, up 29% YoY, with EPS of $0.71. Full-year net income was $146.4 million, EPS of $2.34.
- **Loan and Deposit Growth**: Achieved $1 billion loan growth (9% CAGR over 3 years), fully funded by $1 billion deposit growth. Total deposits reached $14.1 billion, with 54% in demand deposits.
- **Strategic Initiatives**: Launched renewed mission/vision, raised $200M equity, and retooled treasury management to drive fee income. Acquired Premier Financial, pending regulatory approval, expected Q1 2025 close.
- **Credit Quality**: Nonperforming assets at 0.22% of total assets, well below peer average. Allowance for credit losses at 1.10% of loans.
- **2025 Outlook**: Mid-single-digit loan growth, improving NIM (3.03% Q4, ~4-6bps Q1 2025), and focus on cost control for positive operating leverage.

**【CFO Financial Commentary】**
- **Q4 Financials**: GAAP net income $47.1M, EPS $0.70. Excluding merger costs, EPS $0.71 (+47% YoY). Noninterest income up 21% YoY to $36.4M, driven by swap fees and treasury management.
- **NIM Improvement**: 3.03% Q4 NIM, up 8bps QoQ. Expect 4-6bps improvement Q1 2025 as $1.2B CDs reprice lower. Full-year NIM growth from CD repricing and FHLB paydowns.
- **Expense Management**: Noninterest expense up 1% YoY to $100.5M, with savings from 11 branch consolidations ($4M annualized). Equipment/software spend rising due to tech investments.
- **Capital Position**: Tangible common equity ratio 8.7%, well-capitalized. Dividend increased to $0.37 quarterly.
- **2025 Guidance**: Modeling 2 Fed rate cuts. Trust fees, brokerage, and mortgage banking expected to grow modestly. Tax rate 17.5-18.5%.

**【Q&A Highlights】**
- **Margin Outlook**: Pro forma NIM with Premier ~3.55% (vs. prior 3.46%), driven by WesBanco's stronger-than-expected performance. Q1 2025 NIM could rise 10-15bps from Q4 2024.
- **Deposit Strategy**: 70% of CDs maturing in Q1-Q2 2025 will reprice lower. Expect deposit growth to match loan growth, with less CD concentration in 2025.
- **Premier Merger**: CRE concentration ratio improved at close. Anticipate $100M CRE sales and securities portfolio restructuring to enhance yield. $26M annual cost savings post-conversion.
- **Lending Expansion**: Focus on Nashville, Knoxville, and Indianapolis for new loan production offices. Commercial loan pipeline $763M (up 11% YoY), with $80M growth since year-end.
- **Credit Quality**: Stable with slight allowance decline due to macroeconomic improvements. No material trends in criticized loans.


WSBC

WSBC fundamentals

Earnings Call

You can ask Aime