WesBanco, Inc. (WSBC) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2025
0mins
Should l Buy WSBC?
Source: SeekingAlpha
Earnings Per Share (EPS) $0.94, an increase of 68% year-over-year, driven by loan growth funded by deposit growth and operational discipline.
Net Income $90 million (excluding merger and restructuring expenses), an increase of nearly 150% from $36.3 million in the prior year period, attributed to operational discipline and the Premier acquisition.
Return on Average Assets 1.3%, improved year-over-year due to operational efficiency and integration of Premier.
Return on Tangible Equity 17.5%, improved year-over-year due to operational efficiency and integration of Premier.
Efficiency Ratio 55%, improved by 10 percentage points year-over-year, driven by expense synergies from the Premier acquisition and cost management.
Fee Income $44.9 million, a 52% year-over-year increase, driven by organic growth and the Premier acquisition.
Deposit Growth $570 million year-over-year and $130 million sequentially, driven by core deposit categories and strategic management.
Organic Loan Growth 4.8% year-over-year and 2.2% quarter-over-quarter annualized, despite a $235 million headwind from commercial real estate payoffs.
Net Interest Margin 3.53%, improved by 58 basis points year-over-year, driven by higher loan and security yields and lower funding costs.
Total Assets $27.5 billion, a 49% year-over-year increase, reflecting the Premier acquisition and organic growth.
Total Portfolio Loans $18.9 billion, a 52% year-over-year increase, driven by $5.9 billion from Premier and $594 million in organic growth.
Commercial Real Estate Payoffs $235 million during the quarter, creating a 1.5% headwind to loan growth.
Deposits $21.3 billion, a 53.8% year-over-year increase, driven by $6.9 billion from Premier and $573 million in organic growth.
Noninterest Income $44.9 million, a 51.5% year-over-year increase, driven by the Premier acquisition and organic growth in fee categories.
Noninterest Expense $144.8 million, a 46% year-over-year increase, due to the Premier acquisition and higher FDIC insurance expenses.
Allowance for Credit Losses 1.15% of total loans, decreased due to runoff of a $5 million qualitative factor established in 2023.
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Analyst Views on WSBC
Wall Street analysts forecast WSBC stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 36.640
Low
36.00
Averages
39.00
High
42.00
Current: 36.640
Low
36.00
Averages
39.00
High
42.00
About WSBC
Wesbanco, Inc. is a diversified multi-state bank holding company. The Company offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. Its segments include community banking and trust and investment services. The community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products, including mutual funds. It serves customers through more than 250 financial centers and loan production offices in Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Loan and Deposit Growth: Total loans increased by 52% year-over-year to $19.2 billion, including $5.9 billion from the Premier acquisition, while deposits surged 53% to $21.7 billion, fully supporting loan growth and indicating strong market demand and customer confidence.
- Market Expansion and New Ventures: The successful acquisition of Premier Financial has elevated WesBanco's asset size to $28 billion, with plans to open a new financial center in Tennessee, highlighting the company's strategic expansion into new markets and healthcare verticals.
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- Customer Satisfaction: This recognition is based on a survey of 66,000 U.S. customers and analysis of over 2.3 million social media reviews, reflecting WesBanco's excellence in customer service and satisfaction.
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- Loan and Deposit Growth: Total loans increased by 52% year-over-year to $19.2 billion, including $5.9 billion from the Premier acquisition, while deposits surged 53% to $21.7 billion, fully supporting loan growth and indicating strong market demand and customer confidence.
- Market Expansion and New Ventures: The successful acquisition of Premier Financial has elevated WesBanco's asset size to $28 billion, with plans to open a new financial center in Tennessee, highlighting the company's strategic expansion into new markets and healthcare verticals.
- Optimistic Future Outlook: The CFO projects mid-single-digit loan growth for 2026 despite facing $600 to $800 million in CRE payoffs, with a continued focus on operational efficiency and margin improvement to ensure sustained financial health.
See More
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- Net Interest Margin Improvement: The net interest margin stands at 3.61%, up 58 basis points year-over-year and 8 basis points quarter-over-quarter, primarily driven by higher earning asset yields and lower funding costs.
- Efficiency Ratio Enhancement: The efficiency ratio improved to 51.6%, more than 8 percentage points better than the previous year, attributed to expense synergies from the PFC acquisition and ongoing expense management, showcasing positive operational leverage.
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- Earnings Per Share Growth: Diluted earnings per share rose to $0.81, up 15.7% from $0.70 in the prior year, reflecting successful strategies in cost control and revenue enhancement.
- Asset and Loan Growth: As of December 31, 2025, total assets increased by 48.2% to $27.7 billion, with portfolio loans reaching $19.2 billion, showcasing strong performance in market expansion and customer acquisition.
- Significant Deposit Growth: Total deposits reached $21.7 billion, a 53.3% year-over-year increase, including $6.9 billion from the acquired PFC, fully supporting the company's loan growth and further solidifying its market position.
See More
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- Earnings Season Outlook: Regional banks are expected to report strong earnings, indicating a positive trend in the financial sector.
- Impact on Dividend Investors: This strong performance is particularly beneficial for dividend investors, as it may lead to increased dividend payouts.
See More
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- Honor Recognition: WesBanco has been recognized by Newsweek as one of America's Best Regional Banks for 2026 for the third consecutive year, highlighting its ongoing commitment to supporting local economies and customers.
- Customer Satisfaction: This recognition is based on a survey of 66,000 U.S. customers and analysis of over 2.3 million social media reviews, reflecting WesBanco's excellence in customer service and satisfaction.
- Financial Stability: With total assets of $27.5 billion and $7.7 billion in Trust and Investment Services assets under management, WesBanco demonstrates a strong foundation in financial stability and profitability.
- Community Contribution: The bank has received eight consecutive
See More
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- Honor Recognition: WesBanco has been named one of America's Best Regional Banks for 2026 by Newsweek for the third consecutive year, highlighting its ongoing commitment to supporting local economies and customers.
- Customer Satisfaction: This recognition is based on a survey of 66,000 U.S. customers and analysis of over 2.3 million social media reviews, reflecting WesBanco's excellence in customer service and satisfaction.
- Financial Stability: With total assets of $27.5 billion and $7.7 billion in Trust and Investment Services assets under management, WesBanco demonstrates a strong foundation in financial stability and profitability.
- Community Contribution: The bank has received eight consecutive
See More
