WSBC Earnings Prediction
The chart below shows how WSBC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WSBC sees a -1.06% change in stock price 10 days leading up to the earnings, and a +0.77% change 10 days following the report. On the earnings day itself, the stock moves by -0.76%. This data can give you a slight idea of what to expect for the next quarter's release.
WSBC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
136.80M
-1.44%
2.89%
Gross Margin
--
--
--
Operating Margin
34.42%
6.01%
17.96%
Net Margin
27.25%
2.68%
25.29%
EPS
0.54
-6.90%
22.73%
No Data Available
WSBC Earnings Analysis
WesBanco Inc Corporation (WSBC.O) Earnings Conference Call
Positive
Loan Growth Achievement: WesBanco achieved a significant loan growth of $1.1 billion over the past year, reflecting a strong compound annual growth rate of 9.4% since year-end 2021, driven by effective strategies and productivity gains.
Deposit Growth Surge: Deposits increased by $750 million or 6% year-over-year, with a remarkable 12% annualized growth in the most recent quarter, showcasing the success of the Summer of One campaign and strong customer engagement.
Equity Capital Increase: The company raised $200 million in common equity during the quarter, enhancing its capital position and resulting in a tangible common equity ratio increase of 132 basis points to 8.84%.
Improved Credit Quality: Non-performing assets decreased to 0.17% of total assets, significantly lower than the industry average for banks of similar size, indicating strong credit quality and effective risk management.
Non-Interest Income Increase: WesBanco's non-interest income from trust fees and securities brokerage revenue increased by $1.1 million year-over-year, driven by record levels of assets under management totaling $6.1 billion.
Negative
Net Income Decline: Net income available to common shareholders decreased to $34,700,000 or $0.54 per share, down from $34,800,000 or $0.59 per share in the prior year period, indicating a decline in profitability.
Non-Interest Income Decline: Non-interest income fell by 4.1% year over year to $29,600,000, primarily due to a negative fair value adjustment in swap fees, reflecting a decrease in revenue generation from this segment.
Rising Non-Interest Expenses: Total non-interest expenses increased by 2% year over year to $99,200,000, driven by higher operating expenses and equipment costs, which could pressure future profitability.
Credit Loss Allowance Increase: The allowance for credit losses to total portfolio loans rose slightly to 1.13%, reflecting increased provisions due to higher unemployment assumptions, indicating potential future credit quality concerns.
Loan Performance Deterioration: Total loans past due increased by approximately 20 basis points during the third quarter to 0.44% of total loans, suggesting a deterioration in loan performance and potential future credit issues.
WSBC FAQs
How does WSBC typically perform around its earnings report dates?
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WSBC Earning Call Sentiment
Earnings call transcript: WesBanco Q3 2024 earnings exceed forecasts, stock rises
WSBC.O
-0.28%Positive
The earnings call presents mixed signals: strong loan and deposit growth, stable credit quality, and strategic initiatives like branch consolidation. However, concerns arise from increased criticized loans, economic uncertainties, and non-interest income decline. The Q&A section reveals management's lack of clarity on rate cuts and regional deposit growth. The acquisition and capital raise could support growth, but EPS decline and operational risks temper optimism. Given the small-cap nature, the stock may react moderately, but overall, the sentiment is balanced, suggesting a neutral outlook.
