WesBanco Q4 adjusted EPS slightly misses estimates

Reuters
Jan 28
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

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Miss

$0.84

$0.85 (7 Analysts)

Q4 Net Interest Income

$222.30 mln

Q4 Net Interest Margin

3.61%

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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