WSBC

WesBanco's third quarter results were met with a positive market reaction, as the company's non-GAAP earnings per share slightly exceeded Wall Street's consensus while revenue remained flat year over year. Management highlighted disciplined execution and a relationship-focused strategy as key factors in maintaining profitability and expanding loan growth. CEO Jeffrey Jackson attributed performance to strong momentum in targeted expansion markets and robust growth in the commercial and industrial loan segment. Jackson noted, "Total loans increased 5.1% year-over-year and 8.7% annualized sequentially as our teams converted pipeline opportunities across our footprint." Is now the time to buy WSBC? Find out in our full research report (it's free). - Revenue: $264.1 million vs analyst estimates of $275.3 million (flat year on year, 4.1% miss) - Adjusted EPS: $0.89 vs analyst estimates of $0.88 (1.6% beat) - Market Capitalization: $3.61 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. - William Jones (KBW) pressed on the timing and sustainability of deposit growth. CEO Jeffrey Jackson responded that while deposits were flat due to branch closures, he expects strong growth in the current and coming quarters, citing new account momentum and active initiatives. - Manuel Navas (Piper Sandler) asked about performance in core and expansion markets. Jackson detailed that Cincinnati, Columbus, and the Mid-Atlantic are seeing record production, while Florida and Tennessee continue rapid growth, supported by experienced new hires. - Karl Shepard (RBC Capital Markets) questioned the risk to ongoing loan production. Jackson stated that only a significant increase in commercial real estate payoffs or a major interest rate hike could derail current momentum, but the pipeline remains strong. - Russell Gunther (Stephens) sought clarity on expense outlook and branch optimization. Jackson confirmed further branch reductions are under consideration, and Weiss explained the main drivers for the expense guidance, including employee benefits and back-office utilization. - Daniel Tamayo (Raymond James) focused on credit quality trends and allowance for loan losses. Jackson and Weiss explained that nonperforming assets are expected to improve, specific reserves are well managed, and net charge-offs should return to historically low levels next quarter. Looking ahead, the StockStory team will be monitoring (1) the pace of deposit growth as new financial centers open in expansion markets, (2) management's ability to maintain net interest margin stability amid competitive funding conditions, and (3) progress on branch network optimization to achieve targeted expense savings. Additionally, sustained C&I loan production and improvement in credit quality metrics will be key markers of execution. WesBanco currently trades at $39.14, up from $37.65 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

WesBanco just released its Q3 2026 scorecard and the stock reacted quickly. Shares closed at US$39.13, up 3.9% on the day, as traders responded to the headline profit figures. The key point is that the main story sits in profitability, not just the earnings beat. Net income to common holders was US$85 million, with adjusted earnings per share at US$0.89 and a return on average tangible common equity of about 17%. That is the margin picture the market appears to be responding to, and it is a focal point to consider when evaluating whether this one-day move in the share price aligns with the results. Impressed by WesBanco's 17% return on average tangible common equity but want a wider set of banks with strong profitability and balance sheet strength to compare it against? Scan our hand picked list of solid balance sheet and fundamentals stocks (26 results). - Total Revenue (Q3 2026 vs Q3 2025): US$264.1 million vs. US$259.5 million (modest increase) - Net Income (Excl. Extra Items) (Q3 2026 vs Q3 2025): US$85.3 million vs. US$81.0 million (moderate increase) - Basic EPS (Q3 2026 vs Q3 2025): US$0.89 vs. US$0.84 (higher earnings per share) - Net Interest Margin, or NIM (Q3 2026 vs Q3 2025): 3.60% vs. 3.53% (slight improvement in lending spread) Earnings show how WesBanco is doing this quarter, but investors who care about what they are paying for each dollar of performance often focus on the cash moving through the business. Based on WesBanco's recent cash flows alone, the stock could be a whopping 37% undervalued. Fans of the WesBanco growth story point to expansion markets and fee engines turning into a durable growth machine. "Analysts expect WesBanco to keep using its expansion into high growth markets and digital banking to build on record commercial loan production, a larger commercial pipeline, and rising fee income from areas such as treasury management and wealth businesses." Q3 numbers broadly back that up. Commercial and C&I volumes are strong, total loans are up 5.1% year on year, and management reports about US$4b of production through nine months. Fee income rose, with record treasury management and digital fees and noninterest income of US$46m, helping support a 52% efficiency ratio and 17% ROATCE. The cautionary version of the same story worries that growth leans too hard on expensive funding and rising costs. "The main condition for this scenario is that WesBanco continues to turn branch closures, digital products, and disciplined credit and capital management into sustained efficiency gains, while handling higher operating expenses and funding needs as loan growth outpaces deposits." Recent results show the trade off. Loans rose faster than deposits, which stayed around US$21.6b, and management is tapping higher cost wholesale funding that could pressure the currently steady 3.60% NIM. Operating expense reached about US$150m and is guided to around US$153m in Q4, so efficiency improvements must now keep pace. Not everyone reads the same price the same way. → See the higher figure this Narrative lands on, and how it gets there. WesBanco just showed how a single quarter can reset expectations around profitability and funding risk. The real opportunity is finding stocks that could be undervalued before the market quietly closes that gap. - Company 1 - 35% below our estimate - uses an expanded senior bench and broader advisory platform to pursue larger, higher fee mandates across capital markets and private capital advisory. - Company 2 - 27% below our estimate - designs the liquid cooling and power systems required when high density AI racks exceed traditional air cooling limits. - Company 3 - 17% below our estimate - builds a premium teahouse network where membership and healthier drink preferences increase order values and repeat visits. Those are three of them. See every one of the 30 undervalued companies on it → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include WSBC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Image source: The Motley Fool. Thursday, Oct. 22, 2026 - Senior Vice President of Investor Relations - John H. Iannone - President and Chief Executive Officer - Jeffrey Jackson - Senior Executive Vice President and Chief Financial Officer - Daniel Weiss Operator: Good afternoon, and welcome to the WesBanco, Inc.'s Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to John Iannone, Senior Vice President of Investor Relations. Please go ahead. John H. Iannone: Thank you. Good afternoon, and welcome to WesBanco, Inc.'s Third Quarter 2026 Earnings Conference Call. Leading the call today are Jeff Jackson, President and Chief Executive Officer; and Dan Weiss, Senior Executive Vice President and Chief Financial Officer. Today's call, an archive of which will be available on our website for 1 year, contains forward-looking information. Cautionary statements about this information and reconciliations of non-GAAP measures are included in our earnings-related materials issued yesterday afternoon as well as our other SEC filings and investor materials. These materials are available on the Investor Relations section of our website, wesbanco.com, and all statements speak only as of October 22, 2026, and WesBanco undertakes no obligation to update them. I would now like to turn the call over to Jeff. Jeff? Jeffrey Jackson: Thanks, John, and good afternoon, everyone. Today, we'll review our third quarter performance and share our current outlook for fourth quarter. Our third quarter results demonstrate continued momentum across our franchise, particularly in 3 areas. We delivered strong sequential quarter and year-over-year loan growth. We saw accelerating growth in our targeted expansion markets, and we drove solid profitability through disciplined execution and positive operating leverage. Turning to our financial performance. Our third quarter results reflect the continued strength of WesBanco's disciplined growth strategy and relationship-focused banking model. For the quarter ending September 30, 2026, we reported net income available to common shareholders of $86 million, excluding merger and restructuring charges or $0.89 per share. Our year-to-date results demonstrate how disciplined growth and improving operating leverage are translating into stronger profitability. Adjusted earnings per share increased nearly 7% to $2.72, while our return on average tangible common equity remained nearly 17%. We also improved return on average assets to 1.3% and lowered our efficiency ratio to 52%. Our capital position also remained solid with a CET1 ratio of 10.6%, which continues to provide flexibility to support our growth expectations. The defining driver of our momentum this quarter was once again strong loan growth. Total loans increased 5.1% year-over-year and 8.7% annualized sequentially as our teams converted pipeline opportunities across our footprint. C&I growth was particularly strong, increasing 11% year-over-year and 16% quarter-over-quarter annualized. Through the first 9 months of the year, our commercial teams generated record loan production of nearly $4 billion, a 70% increase from prior year period. As we mentioned last quarter, we expected developers to continue to seek permanent financing and the sale of properties during the third quarter, but at a slower pace than the first half of the year. However, we experienced another sequential quarter increase as CRE payoffs totaled approximately $370 million during the third quarter, which caused nearly a 1% headwind to loan growth and a $1 billion headwind over the past 12 months. Despite that headwind, we generated $1 billion of net organic loan growth over the past year, demonstrating the soundness of our strategy and strength of our teams in our markets. The recent Mid-Atlantic win illustrates how our relationship-focused model is contributing to this momentum. A cross-functional team developed a relationship with a prominently family-owned business in the Baltimore region and ultimately secured an 8-figure commercial loan, a 7-figure deposit relationship and treasury management services. More importantly, it positions us to compete for the company's broader banking relationship. This is a great example of how collaboration across our teams can turn individual relationships into meaningful multiproduct opportunities. Reflecting our team's ability to successfully convert loan opportunities, our commercial pipeline was $1.8 billion as of September 30, with half of this from our loan production offices and former PFC markets. The pipeline has remained stable in the few weeks since the quarter end, giving us confidence in our ability to outpace CRE payoffs and deliver on our outlook of mid-single-digit loan growth in 2026. We remain excited about the opportunities in our targeted expansion markets of Florida and Tennessee as our new teams have hit the ground running. Since launching in the second quarter, our Florida team has developed $300 million in new loan relationships and a similar sized pipeline. While the early majority of closed loans are CRE and owner-occupied related, nearly 1/3 of the C&I across the various industries like health care, wholesale and transportation. We are encouraged by the breadth of diversified opportunities we're seeing in South Florida and continue to evaluate additional areas where we can leverage our relationship banking model. Further, we remain on track to open our financial centers in Fort Lauderdale, West Palm and Naples during the first half of 2027. Tennessee provides another strong proof point of our expansion strategy. Since entering the market in 2023, we have organically built a loan portfolio of more than $750 million, now representing nearly 4% of our total loans. We opened another loan production office in Knoxville June of last year and recently expanded our Nashville presence, adding a highly experienced team of approximately 20 bankers and staff with deep roots in community banking. In less than 3 months, the team has leveraged their extensive network to close $100 million in new loan relationships, nearly half of which are C&I across industries like health care, recreation and entertainment and finance and insurance. Finally, we're proud to have been recognized recently by Forbes as one of the world's top-performing banks and to have earned our 9th consecutive outstanding Community Reinvestment Act rating from the FDIC. Both recognitions reflect the strength of our franchise and the commitment of our teams to delivering for our customers, communities and shareholders. I would now like to turn over the call to Dan to walk through the financials and outlook in more detail. Dan? Daniel Weiss: Thanks, Jeff, and good afternoon. For the third quarter, we reported GAAP net income available to common shareholders of $85 million or $0.88 per share. And when excluding restructuring and merger-related expenses, third quarter net income was $86 million or $0.89 per share. To highlight a few of the third quarter's year-over-year accomplishments, we grew adjusted earnings per share nearly 7%, driven by our disciplined growth strategy that delivered strong annualized loan growth of nearly 9%. We posted record fee income levels across several categories and maintained our efficiency ratio in the low 50% range. We ended the quarter with record total assets of $28.5 billion, which included total portfolio loans of $19.9 billion and securities of $4.5 billion with the securities book representing approximately 16% of total assets. Total portfolio loans increased 5.1% year-over-year due to organic growth of nearly $1 billion. And based on our current pipeline and strong loan production, we expect to generate mid-single-digit growth for the year despite the elevated commercial real estate payoffs. Deposits of $21.6 billion increased 1.5% year-over-year and were roughly flat sequentially as higher cost CDs migrated to money markets and other transaction accounts. And as we mentioned previously, we expect the loan growth to outpace deposits in the near term as we lead with lending in our new expansion markets. That said, our 91% average loan-to-deposit ratio positions our balance sheet well for additional loan growth in the coming quarters. Our credit quality metrics remain solid. Most notably, our criticized and classified loans decreased $93 million or 55 basis points from the second quarter to represent 3.19% of total loans. This significant improvement in credit quality resulted in a 4 basis point reduction in the allowance for credit losses to total portfolio loans at September 30 to 1.08% of total loans or $215 million. Net interest income for the third quarter was $227 million, an increase of $10.2 million or 4.7% year-over-year, driven by loan growth, upward loan repricing and higher security yields. This increase was a significant contributor to the 5% year-over-year growth in both pretax and net earnings and the 7% increase in adjusted earnings per share. The third quarter net interest margin of 3.60% improved 7 basis points year-over-year, primarily due to lower funding costs and was flat to the second quarter when excluding the additional 3 basis points of accelerated accretion from an early payoff during the second quarter. Total deposit funding costs, including noninterest-bearing deposits, declined 12 basis points year-over-year to 180 basis points, reflecting the runoff of the higher cost CDs. And on a sequential quarter basis, increased just a couple of basis points, demonstrating our discipline over deposit pricing. Turning to fee income. We continue to see great traction across our franchise for our fee-based services as we earned record fees from service charges on deposit products, digital banking services and treasury management. For the third quarter, noninterest income increased $1 million or 2.2% year-over-year to $46 million. And when excluding the impact of net security gains and losses, fee income increased 5.4% year-over-year. The third quarter reflects a full quarter's benefit of approximately $750,000 from the increase in deposit account fees that we implemented in June. Treasury management net revenues increased approximately 40% year-over-year to $2.6 million, primarily driven by increased monthly spend from our 170 multi-card customers, which is up over 80% year-over-year. While residential mortgage origination volume increased 24% year-over-year to $300 million, we retained the majority of the volume in the portfolio, which caused mortgage banking income to decrease almost $2 million from the prior year period when also combined with a negative fair value adjustment of approximately $1 million. Noninterest expense, excluding restructuring and merger-related costs for the third quarter of $150 million increased 3.7% year-over-year and 1.4% sequentially, primarily due to higher salaries and wages, which increased due to the recent hiring efforts in Florida and Nashville as well as midyear merit increases. Employee benefits during the third quarter included $2 million reduction in sequential quarter deferred comp expense as well as a $2 million onetime refund from our employee health care prescription rebate program. We anticipate the ongoing prescription plan refund to be roughly $750,000 per quarter. Our CET1 ratio of 10.6% as of September 30 was within our targeted range of 10.5% to 11%, reflecting our continued strong loan growth, we did not repurchase any shares during the third quarter, and we continue to anticipate our CET1 to remain in that targeted range for the fourth quarter. Turning to the outlook. We currently anticipate 2 Fed rate hikes, 1 in December, which will have no meaningful impact on 2026 results and another hike in March of 2027. Earning asset yields should continue to benefit from back book repricing of loans and securities upward, while deposit pricing will also modestly increase as we recently adjusted our top-tier money market and CD rates. With the third quarter loan growth funded with a heavier mix of higher cost wholesale borrowings, we anticipate our net interest margin for the fourth quarter to potentially be a basis point or 2 below the 3.60% that we reported here in the third quarter. And this assumes, among other things, that competition for loans and deposits remain stable as well as an upward sloping yield curve. We also expect strong deposit growth in the fourth quarter and to the extent we experience more than modeled, this could potentially benefit margin. There are no meaningful changes to our fee income and operating expense outlooks that we provided last quarter. We still anticipate fourth quarter fee income to grow in that 3% to 5% range year-over-year and operating expenses to be in that $153 million range after adding back the onetime credits recognized in employee benefits during the third quarter. The provision for credit losses will depend upon changes to macroeconomic forecast and qualitative factors and various credit quality metrics, including potential charge-offs, criticized and classified loan balances, delinquencies, changes in prepayment speeds and, of course, future loan growth. And finally, we currently anticipate our full year effective tax rate to be approximately 21%. Operator, we're now ready to take questions. Would you please review the instructions? Operator: [Operator Instructions] The first question today comes from Will Jones with KBW. William Jones: I wanted to ask just maybe on deposit growth. I was maybe a bit surprised to see balances flat this quarter. It felt like you were speaking very positively that there was some momentum that we could see in this quarter and moving into fourth quarter. Was that -- was there any timing that may be pushing that kind of growth momentum into the fourth quarter? If you could just walk us maybe through some of the deposit dynamics you saw this quarter, that would be great. Jeffrey Jackson: Yes, sure. So we obviously -- as everybody knows, there is a tough competition out there. What I would say is in the third quarter, we were able to generate about 8,400 new customer accounts. And so I felt really good traction there. Also, when you look at we've closed 37 branches. So I think if I was to put it in a different way, we grew deposits, but obviously, when closing 37 branches, you're going to get a little bit of runoff. And so I feel very good about where we ended up, even though it was flat. What I would say is some of it was delayed. And so I can tell you this quarter, we're already up a couple of hundred million dollars and feel like we will finish the quarter really, really strong as it relates to deposit growth. We've got several different initiatives that are working very well. And once again, we're up a couple of hundred million as we speak right now. I feel like we'll continue to climb toward the end of the quarter. But once again, I feel very good where we're at. Obviously, our loan-to-deposit ratio in the low 90s gives us plenty of room to continue to run, but it is obviously top of mind and feel like fourth quarter results will show we've done a good job on deposit growth. William Jones: I guess maybe just within that thought, where would you be okay taking the loan-to-deposit ratio to? What is the appropriate leverage on the balance sheet that you guys would be okay to see there? Jeffrey Jackson: Yes. I think mid-90s is where we would probably be comfortable with somewhere around 95-ish. And so today, we're obviously several percentage points lower than that. But once again, I think mid-90s would be kind of where we'd want to max out around. William Jones: And then maybe Dan, 1 for you on the margin. If I heard you maybe a couple of basis points of compression coming, but what's still kind of in the 3.60% ballpark, 2 hikes in your forecast. Do you feel comfortable being able to kind of defend this level as we move through the balance and into 2027 assuming we get a couple more Fed hikes here or just -- is there a point in time where deposit competition becomes the more prevailing narrative and you're okay to see a little bit of margin compression if it means continuing to see NII growth? Daniel Weiss: Yes. You nailed it there. The 3.60% is very defendable as we look into 2027 for sure. Certainly, lots of asset back book repricing to occur between securities and loans. Every quarter, I typically kind of throw out a few numbers, and they haven't changed much really from last quarter, and that's on the securities book, we're still looking at about $250 million in cash flows kicking off that securities book per quarter. So it's about $1 billion on an annual basis and that will be repricing upward about 180 basis points from 3.30% to about 5.10%, somewhere just north of 5%. And then we've also got certainly loan repricing. Think about our fixed rate maturities on the commercial book, about $400 million. That's repricing at a weighted average rate over the next year, that $400 million to -- from 4.28%, and that would be coming on at least about 200 basis points or so higher, maybe 225 basis points given where we're seeing pipelines and rates today. And then we also have within that large variable commercial book that reprices within every 3 months, another almost $400 million, $350 million or so that's actually repricing in the next 12 months from a weighted average rate of 3.75%, so that will move upward as much as 250 to 275 basis points. So those would be kind of, I would say, the tailwinds that really are going to help support that kind of stabilized 3.60% margin over the coming quarters. But I think really, what we expect to see is an opportunity on the -- I think it really is going to come down somewhat as well to deposit pricing, to your point, and our success in growing deposits. And I will also mention on the securities book, right now, we are seeing rates a bit better than 5%, 5.10%. So there is a little bit being put on a little heavier than that, but I just want to be conservative. Operator: The next question comes from Manuel Navas with Piper Sandler. Manuel Navas: I really like hearing how strong some of your new markets are doing. Can you just also talk a little bit about -- you brought up that PFC markets are a good part of the pipeline. Can you just talk about how some of the core markets are doing and kind of expectations there for growth? Jeffrey Jackson: Yes. Our Cincinnati, Columbus market is doing incredibly well. So they just surpassed $1 billion in production this year, an all-time record there. They're seeing tremendous growth in those markets. I would also say our Mid-Atlantic market is doing really, really well also. I believe they also had a record production this year as well. So I would say those 2 markets have really done a really, really nice job in the core markets. As it relates to our expansion markets, I've mentioned several times and we mentioned in the script, they've taken off. As you may recall, we opened Tennessee back kind of in '22, '23. I'm actually going down there next month because they've surpassed $1 billion in production in 3 years. So with about over $700 million in loans outstanding and starting a pretty good deposit base. So very pleased with our core markets and also our new markets as well and really think that we should continue to see very strong growth as we wrap up this year and going into next year. Manuel Navas: What's next? Where would you hire next? Where is kind of the pipeline best right now in terms of the talent side? And where would you kind of be focused next? Jeffrey Jackson: We're always looking for great talented bankers. I think adding to our health care team, we may add 1 or 2 there. That's also been another amazing business for us. I should have mentioned it, bringing in about a great amount of deposits and fees. So I would say adding health care, still looking to add in Florida, 1 or 2 here or there. That's been a really good market for us to continue to hire. There is some disruption down in Florida that we're able to take advantage of. And as you may recall, the people I hired in Florida, I've known for many, many years. Many of them have worked for me in the past. So continuing to leverage those connections, I think, is really, really important. But right now, those are kind of the markets. All the other markets we're looking for great talented bankers, but I would say in health care and also back in Florida, looking to add a few more people there. We're always open to looking at new LPOs. But as I've said before, it really goes back to the talent and where it's worked the best and we've executed on and been successful is where we have known people in those markets. And so if we run across some other teams and other places, we'll obviously take a look. But right now, I would say those 2 areas are where we're focused on hiring. Manuel Navas: And finally, my last question is, you're talking about leading with lending in some of these new markets and for deposits to kind of flow in. What's kind of the time frame for that? You're expecting to have better funding 6 months, 9 months? What should we kind of think about in that process where the deposits follow after the loan comes out? Jeffrey Jackson: Yes. So related to the LPOs, specifically Florida and Tennessee, I would say Florida, we should have 3 branches open sometime near the end of first quarter. And I would expect deposit flow to pick up. I will tell you, we've already got a pretty steady deposit pipeline in Florida. So I think this quarter and next quarter, we will see good flow of deposits coming into Florida. Tennessee, we just opened the Chattanooga branch earlier this year. We're working on Knoxville and Nashville, I would think, by first quarter. So I would say sometime midyear next year, you would really start to see the LPOs producing strong deposits, but I think there's a chance they could do it beforehand. Operator: The next question comes from Karl Shepard with RBC Capital Markets. Karl Shepard: Just want to ask about loan growth again. The production trends continue to be really solid. I think payoffs are still a little bit elevated. But do you see anything on the horizon that would kind of knock you off this type of production level? There's just so much opportunity in Florida and Nashville ahead of you? Jeffrey Jackson: The only thing that could knock us off would be heavier CRE payoffs. The pipeline remains very solid. And if you look at Florida and Nashville, Nashville is just starting to hit their stride this quarter. So I would expect them to be a big contributor this quarter. Florida is hitting its stride. The overall company pipeline is very strong. So it would have to take, I would say, heavier CRE payoffs or payoffs in general or some probably massive interest rate hike, which we don't have forecasted. But I think if you had 150, 200 basis point hike, that would obviously slow down lending. I don't foresee that. You never know. But those -- I think we've got the loan engine producing at a very high rate. I would say this year, if you look at what our total production is going to be, it probably will be near $5 billion. It's not -- if you roll back to 2024, we were doing $2 billion. So that's how much we've increased our loan production by more than doubling it in 2 years. And so I feel like next year, we could exceed that for sure and just feel like we're in a really great place for loan production. Karl Shepard: And then as a follow-up, I think you've talked about Florida being a $2 billion bank, and I asked last quarter on the Nashville opportunity. Do you want to size that and just help us understand kind of the runway ahead of you in that market? Jeffrey Jackson: Yes, sure. So that's really -- when I talk about $2 billion, I just want to be clear, that's adding loans and deposits together. So for -- yes, absolutely. So I could see Florida ending this year. And once again, that prediction was sometime in 2028, just to be clear. But I could see them ending the year with about $0.5 billion in loans and then adding from there and growing deposits several hundred million dollars next year so that by the end of next year, obviously, I think they would be over $1 billion as a franchise in Florida, probably more and then sometime in '28, hitting that $2 billion number. As it relates to Tennessee, as I mentioned before, we're already $750 million in loans in Tennessee with, I believe, around $100 million plus or maybe more in deposits. So I could see that by 2028, just the Nashville market being $1 billion and the state of Tennessee being that $1.5 billion to $2 billion market sometime in 2028 as well. Operator: The next question comes from Russell Gunther with Stephens. Russell Elliott Gunther: I wanted to ask first on expenses. So I hear you on the reiterated expectation for the fourth quarter. I believe it's about this time in the year where you guys take a look at your branch network for potential incremental optimization. So I wanted to get a sense for if that is part of the strategy going forward, if there's still room to reduce that brick-and-mortar and either drop some expense saves to the bottom line or contemplating any other strategic optionality around the branch network? Jeffrey Jackson: Yes, I'll start with the branch network, and then I'll let Dan get into the total expenses. Yes, that's the answer to your question is there is some more options for optimization for our branch network. We are looking at that. I think you could potentially see some 2-for-1, 3-for-1s. And so I do see more cost saves that we would likely announce potentially with our fourth quarter earnings. We're kind of finalizing some things there. And so could be some good opportunities for us, probably not nearly the amount that we've done already this year. I would think mid-single digits to low double digits at this point. But that would be some good cost saves for us that we are looking at and would probably finalize by the end of this quarter. Dan, do you want to talk about expenses overall? Daniel Weiss: Yes. And I would just also add on to your comments there, Jeff, just even there's still -- we still have a few back office properties with some vacant floors and still looking to see how we can optimize some of that as well, which could have some benefit for 2027. But overall, the expense guidance that we provided actually last quarter stands here for the third quarter as well as fourth quarter. And as I explained there through my prepared commentary, really expect them to come in right around $153 million. And the way you kind of get back to that from the $150 million from what we reported here in the third quarter is by really adding back that $2 million in health care rebate and then there's another, call it, $1 million or so in deferred comp expense that kind of wasn't in the third quarter run rate that would likely show up in the fourth quarter run rate. So that's how we get to that guide of $153 million. Most of it is coming through that employee benefits line item. There's always a little bit of true-up on the salary side as we get final numbers near the end of the year for annual bonus payments and things like that. But that's where I see most of the movement on the expense side is in that employee benefits line, and it would be increasing. Russell Elliott Gunther: And then second question would just be to follow up on the margin discussion. It sounds like you are willing to flex the loan-to-deposit ratio a little bit more here. And so Dan, maybe just as a result, like how are you thinking about deposit betas in this rising rate environment? What kind of underpins your assumption to defend that 3.60% NIM on the funding side? Daniel Weiss: Yes. So on the deposit beta front, we're modeling about a 50% deposit beta, if that's helpful to you, Russell, certainly have a number of initiatives out there, including potentially higher rates on CD product, money market, private client savings accounts, et cetera. So we do think that from that perspective, we're going to see some -- our funding costs continue to rise as we would expect. But at the same time, assets or asset repricing is expected to kind of entirely mute that and/or potentially offset that somewhat. And so that's how we get to that kind of relatively stable 3.60% margin. A lot of that also is dependent, though, upon our success in growing deposits and relative to wholesale funding and certainly that funding in general, deposit gathering, particularly new customers tends to cost a little more than what your kind of weighted average rate of deposits are today. But we do still anticipate that deposit growth to come in at a similar mix, so about 24%, 25% noninterest-bearing, the other 75% interest-bearing -- if that... Operator: The next question comes from Daniel Tamayo with Raymond James. Daniel Tamayo: Maybe just to follow up, Dan, for you on the expense side, but kind of looking out a little bit further, you obviously had a lot of hires in '26. You've been talking about 3% to 5% kind of year-over-year for the back half of this year. Do you think that kind of plays out next year as well as we look into '27? Is that the right way to think about it? Or with maybe fewer hirings, is there a chance that slows? Just curious how you're thinking about those kind of the longer term. Daniel Weiss: Yes, Danny. So what I would tell you is we're still in the process of finalizing our budget for 2027, particularly over expenses. So I want to be careful in my remarks here. But generally speaking, that's right. 3% to 5% increase in expenses year-over-year is what we've done historically, and we would anticipate to kind of remain in that range here in 2027. Certainly, there will be additional hires to continue to grow, but there's also some potential expense offsets and a lot of that is still kind of -- we're in the final stages of baking that all together and running that through for 1 final look before we prepared to provide that expense guidance more directly here probably in the first quarter. Daniel Tamayo: Secondly, on credit. So I think you said the criticized and classifieds were down a good amount in the third quarter. The nonperformers were up a bit. One of them is held for sale, it looks like. Can you just talk about the dynamics of how you expect that 1 held-for-sale loan to play out that's going to be sold next quarter and any kind of expectations on losses? And then is there any kind of change in how you're thinking about just the overall credit profile Premier? Jeffrey Jackson: Yes. The 1 held for sale is 1 of the 3 credits from Premier. We expect that to be resolved. We do not expect any loss on that. So just to give you a quick update on those 3. We're once again anticipating at least 2 of the 3, if not all of them, will be resolved this quarter. Obviously, that would be a big movement for the NPLs. And yes, nothing has changed since last quarter. Two of them are very well collateralized. The other 1 we feel very good about. I don't see any sort of meaningful write-off on any of the 3. Once again, very well collateralized. And then the slight uptick was mainly related to 1 property we have, which we've had a very heavy reserve on for over a year. And that 1, I don't think will get resolved in the fourth quarter, but we would expect it to be resolved in probably first quarter next year. But once again, we already have a really heavy reserve on it. And feel -- once again, feel very good about credit. Obviously, the C&C is going down significantly. I feel like we're trending in the right way. And then hopefully, by the end of the quarter, we get a few of these credits off our books and back into a better range for NPAs. Daniel Tamayo: So I guess the way to think about it from a net charge-offs perspective is this was a little bit elevated from a quarter, just looking back over the last several quarters, it's not high, but it's higher than what you've had. You would expect that number to come down to more -- something more similar to what you've been doing over the last several quarters? Jeffrey Jackson: Yes, absolutely. And as it relates to the charge-off we had this quarter, it was related to an indirect auto dealership that we had fully reserved -- and so yes, it was really just a 1 credit. So I would expect next quarter to be back to where we were before with almost basically no charge-offs. That's how we see it going forward. Daniel Tamayo: And then lastly, also on credit. Just the reserves have been bouncing around a little bit, but drifting down here, approaching 1% now. It sounds like you've got some specific reserves still left in there. Just curious how you see that trending, Dan, from this point before we see some -- see that stabilize. Daniel Weiss: Yes. I would say that calculation moves around a little bit from quarter-to-quarter and certainly is dependent upon specific reserves. In this quarter, for example, we saw that coverage ratio drop by about 4 basis points from 1.12% to 1.08%. I would say a good portion of that was somewhat related to that charge-off we had it fully reserved for and charged it off. And so that reserve came out of the calculation out of the reserve. And so that kind of was probably 1 of the biggest drivers. I would also say criticized and classified loans has also been a pretty big driver. It is probably the single largest qualitative factor we have in our CECL reserve, and those were down $95 million, 55 basis points kind of quarter-over-quarter. So that also helped. And then we historically have had an office qualitative factor that would have certainly been in place at the end of last year, and that has also kind of rolled off to 0 at this point as well. So those are the kind of the movement in the qualitative factors. And I think unemployment has been relatively steady. So that's kind of 1.10%, I don't see it getting much lower than that. We've been hovering around 1.10% allowance coverage ratio really probably for the last 8-plus quarters, plus or minus 4 or 5 basis points. Operator: [Operator Instructions] Our last question comes from David Bishop with Hovde Group. David Bishop: Jeff, quick question. In terms of the newer markets, especially Florida, just curious, loan pricing there. Any differential in terms of loan pricing versus -- compared to maybe some of your legacy markets and other markets? Jeffrey Jackson: No, we have not seen any difference at all. And I would tell you that, that market actually is doing a really great job, probably better than average on getting loan fees. They charge fees and we're able to get fees. The market tends to lend itself to fees in Florida, and they've done a great job on that. David Bishop: And then a follow-up question on the deposit side. And I'm curious if you're tweaking anything on the compensation plan side to sort of reward or drive greater sort of core operating account growth this year. Jeffrey Jackson: Absolutely. That's a great question. We've been talking about that, and we are going to tweak our incentive plans to not only incent deposits a lot more, we're also going to, for everyone, break out noninterest-bearing and interest-bearing. So there is going to be a heavy, heavy focus on deposits going forward. And especially next year, we've already had meetings with our regional presidents and our markets. And so they're all aware of it as well and really getting on our front foot when it looks at getting deposits. So I think you will see some great progress in fourth quarter would be my expectation and then all of next year, it will be heavily incented to bring in more deposits. Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Jeff Jackson for any closing remarks. Jeffrey Jackson: Thank you. To summarize, our year-to-date financial results demonstrate the strength of our growth strategy and our relationship-focused banking model as we deliver solid return ratios and earnings per share growth for our shareholders. Our success continues to be driven by talented people, strong customer relationships and a commitment to disciplined growth. With strong momentum across our franchise and a robust commercial pipeline, we believe we are well positioned to build on that performance in the quarters ahead. Thank you for joining us today. We appreciate your continued interest in WesBanco and look forward to speaking to you at one of our upcoming investor events. Have a great week. Operator: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in WesBanco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and WesBanco wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $350,756!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,363,905!* Now, it's worth noting Stock Advisor's total average return is 922% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of October 22, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. WesBanco (WSBC) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

- Interested in WesBanco, Inc.? Here are five stocks we like better. - Loan growth remained strong despite CRE payoffs: Portfolio loans rose 5.1% year over year to $19.9 billion, supported by commercial and industrial lending and nearly $4 billion in loan production through the first nine months. However, about $370 million in third-quarter commercial real estate payoffs created a significant headwind. - Florida and Tennessee are becoming important expansion markets: Florida has developed $300 million in new loan relationships since launching, while Tennessee's portfolio has surpassed $750 million. WesBanco plans additional Florida financial centers and expects both markets to grow substantially through 2028. - Profitability and credit metrics remained healthy: Third-quarter net income available to common shareholders was $85 million, or $0.88 per share, while net interest margin improved to 3.60% and criticized and classified loans declined. Management expects a modest fourth-quarter margin decline but believes margins can remain stable into 2027. WesBanco (NASDAQ:WSBC) reported third-quarter results that reflected continued loan growth, stable credit metrics and expanding activity in targeted markets, while management said elevated commercial real estate payoffs remained a constraint on reported growth. For the quarter ended Sept. 30, 2026, the bank reported GAAP net income available to common shareholders of $85 million, or $0.88 per share. Excluding merger-related and restructuring expenses, net income was $86 million, or $0.89 per share. Adjusted earnings per share for the first nine months increased nearly 7% to $2.72, according to President and Chief Executive Officer Jeff Jackson. → Aurora Rejects Curaleaf's Higher Bid, But the Takeover Fight Isn't Over Jackson said the company's return on average tangible common equity remained near 17%, return on average assets improved to 1.3%, and its efficiency ratio declined to 52%. WesBanco ended the quarter with a common equity Tier 1 ratio of 10.6%, within its 10.5% to 11% target range. Total portfolio loans reached $19.9 billion at quarter-end and increased 5.1% from a year earlier, while annualized sequential growth was 8.7%. Commercial and industrial lending rose 11% year over year and 16% on an annualized sequential basis. → Could Quantinuum's Breakthrough Make Its Sell-Off a Bargain? The company's commercial teams generated nearly $4 billion in loan production through the first nine months of 2026, up 70% from the prior-year period. However, commercial real estate payoffs totaled about $370 million during the third quarter, creating nearly a 1% headwind to loan growth, Jackson said. Over the past 12 months, CRE payoffs have represented a roughly $1 billion headwind. Despite those payoffs, WesBanco generated about $1 billion in net organic loan growth over the past year. Its commercial pipeline stood at $1.8 billion as of Sept. 30, with approximately half coming from loan production offices and former Premier markets. Management said the pipeline had remained stable in the weeks following quarter-end and supports its expectation for mid-single-digit loan growth in 2026. → IonQ's Bold Expansion Could Leave Shareholders Paying the Price Jackson said the primary risk to continued production would be higher-than-expected CRE or other loan payoffs. He added that loan production for the full year could approach $5 billion, compared with roughly $2 billion in 2024. Management highlighted Florida and Tennessee as key contributors to future growth. Since launching in the second quarter, WesBanco's Florida team has developed $300 million in new loan relationships and has a similarly sized pipeline. While most closed loans have been CRE and owner-occupied credits, nearly one-third have been C&I loans in industries including health care, wholesale and transportation. The company plans to open financial centers in Fort Lauderdale, West Palm Beach and Naples during the first half of 2027. Jackson said Florida could finish 2026 with approximately $500 million in loans and could exceed $1 billion as a franchise by the end of 2027, with a longer-term target of reaching $2 billion in combined loans and deposits during 2028. In Tennessee, where WesBanco entered in 2023, the company has built a loan portfolio exceeding $750 million, or nearly 4% of total loans. A recently added team of about 20 bankers and staff closed $100 million in new loan relationships in less than three months, with nearly half in C&I lending. Jackson said the Nashville market could reach $1 billion by 2028, while Tennessee overall could become a $1.5 billion to $2 billion market by that time. Deposits totaled $21.6 billion, up 1.5% year over year and roughly flat sequentially. Chief Financial Officer Dan Weiss said higher-cost certificates of deposit migrated to money market and transaction accounts. WesBanco expects loan growth to outpace deposit growth in the near term as it leads with lending in newer markets. Jackson said the bank opened roughly 8,400 new customer accounts in the third quarter, but deposit balances were affected by runoff associated with the closure of 37 branches. He said deposits were already up by "a couple of $100 million" in the fourth quarter and that management expects a strong finish to the year. The company's average loan-to-deposit ratio was 91%, and Jackson said WesBanco would be comfortable operating in the mid-90% range. Management also plans to increase incentives for deposit gathering, with particular focus on both noninterest-bearing and interest-bearing operating accounts. Third-quarter net interest income rose 4.7% year over year to $227 million, supported by loan growth, loan repricing and higher securities yields. Net interest margin was 3.60%, up 7 basis points from a year earlier. Weiss said the fourth-quarter margin could be 1 to 2 basis points below the third-quarter level because recent loan growth was funded with a greater mix of higher-cost wholesale borrowings. Still, management said the 3.60% margin level should be defendable into 2027, aided by repricing of securities and commercial loans. WesBanco expects two Federal Reserve rate increases, one in December 2026 and another in March 2027. Weiss said the company is modeling a deposit beta of about 50% in the rising-rate environment. Credit quality improved during the quarter, with criticized and classified loans declining $93 million, or 55 basis points, from the second quarter to 3.19% of total loans. The allowance for credit losses declined to 1.08% of portfolio loans, or $215 million. Jackson said a third-quarter charge-off related to a fully reserved indirect auto dealership credit and that he expects charge-offs to return to more normal levels in the fourth quarter. For the fourth quarter, WesBanco expects fee income growth of 3% to 5% year over year and operating expenses of about $153 million after accounting for one-time employee-benefit credits recognized in the third quarter. Management also anticipates a full-year effective tax rate of approximately 21%. WesBanco, Inc (NASDAQ: WSBC) is a regional financial services holding company headquartered in Wheeling, West Virginia. Through its principal subsidiary, WesBanco Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Its offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal and corporate credit services, mortgage banking and other traditional banking products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "What WesBanco (WSBC) Said on Its Q3 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. - Performance was anchored by record commercial loan production of nearly $4 billion year-to-date, a 70% increase over the prior year period. - Strategic expansion into Florida and Tennessee is yielding high-quality growth, with the Florida team developing $300 million in new relationships since Q2. - Management attributed strong C&I growth of 16% annualized to successful pipeline conversion across both legacy and new loan production offices. - Elevated commercial real estate (CRE) payoffs of $370 million acted as a 1% headwind to loan growth this quarter, totaling a $1 billion headwind over the last 12 months. - The relationship-focused model is successfully cross-selling treasury management and deposit services, exemplified by a recent 8-figure commercial win in the Mid-Atlantic. - Profitability improved through disciplined execution, with the efficiency ratio lowering to 52% and return on average assets reaching 1.3%. - Credit quality showed significant improvement as criticized and classified loans decreased by $93 million, representing a 55 basis point drop from the previous quarter. - Management maintains an outlook for mid-single-digit loan growth in 2026, supported by a stable $1.8 billion commercial pipeline. - Net interest margin for Q4 is projected to be 1 to 2 basis points below the current 3.60% due to a heavier mix of higher-cost wholesale borrowings used to fund Q3 growth. - The interest rate forecast assumes two Federal Reserve rate hikes: one in December 2026 and another in March 2027. - Strategic physical expansion continues with new financial centers scheduled to open in Fort Lauderdale, West Palm, and Naples during the first half of 2027. - Operating expenses for Q4 are expected to be approximately $153 million after adjusting for one-time benefit credits recognized in Q3. - Q3 expenses were offset by a $2 million one-time refund from an employee healthcare prescription rebate program and a $2 million reduction in deferred compensation. - Management is evaluating further branch network optimization, potentially involving mid-single to low-double-digit branch consolidations to drive 2027 cost savings. - A specific charge-off occurred this quarter related to an indirect auto dealership that was already fully reserved, resulting in no incremental bottom-line impact. - Three specific legacy credits from the Premier merger are expected to be largely resolved in Q4 with no anticipated material losses due to strong collateralization. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management noted that while Q3 deposits were flat due to branch closures and competition, they are already up a couple of hundred million dollars in Q4. - The bank is comfortable taking the loan-to-deposit ratio to a maximum of approximately 95% to support continued lending. - The margin is considered defendable into 2027 due to significant 'back book' repricing, including $1 billion in annual security cash flows repricing upward by 180 basis points. - Fixed-rate commercial loan maturities of $400 million are expected to reprice at least 200 to 225 basis points higher over the next year. - WesBanco is tweaking its compensation plans to more heavily reward deposit growth, specifically breaking out targets for noninterest-bearing versus interest-bearing accounts. - This shift is intended to transition the expansion markets from 'lending-led' to full-service deposit franchises by mid-2027.

WesBanco (WSBC) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.30%. A quarter ago, it was expected that this holding company for WesBanco Bank would post earnings of $0.86 per share when it actually produced earnings of $0.92, delivering a surprise of +6.98%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. WesBanco, which belongs to the Zacks Banks - Southeast industry, posted revenues of $272.74 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1.3%. This compares to year-ago revenues of $261.58 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. WesBanco shares have added about 13.2% since the beginning of the year versus the S&P 500's gain of 12.7%. While WesBanco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for WesBanco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.91 on $281.59 million in revenues for the coming quarter and $3.59 on $1.09 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, John Marshall Bancorp, Inc. (JMSB), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 28. This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +31.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. John Marshall Bancorp, Inc.'s revenues are expected to be $18.56 million, up 14.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WesBanco, Inc. (WSBC) : Free Stock Analysis Report John Marshall Bancorp, Inc. (JMSB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WesBanco (WSBC) reported $272.74 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 4.3%. EPS of $0.89 for the same period compares to $0.94 a year ago. The reported revenue represents a surprise of -1.3% over the Zacks Consensus Estimate of $276.34 million. With the consensus EPS estimate being $0.87, the EPS surprise was +2.3%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how WesBanco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Efficiency Ratio: 52.2% versus the five-analyst average estimate of 55.6%. - Net Interest Margin: 3.6% versus 3.6% estimated by five analysts on average. - Annualized net loan charge-offs and recoveries /average loans: 0.2% versus 0.1% estimated by five analysts on average. - Average Balance - Total earning assets: $25.16 billion versus $25.21 billion estimated by three analysts on average. - Tier I risk-based capital: 11.6% compared to the 11.6% average estimate based on two analysts. - Total risk-based capital: 14% compared to the 14% average estimate based on two analysts. - Tier I leverage capital: 9.9% compared to the 9.7% average estimate based on two analysts. - Total non-performing loans: $154.97 million versus the two-analyst average estimate of $138.38 million. - Net interest income on a fully taxable equivalent basis: $228.16 million versus $229.29 million estimated by four analysts on average. - Total Non-Interest Income: $45.87 million versus the four-analyst average estimate of $45.42 million. - Mortgage banking income: $0.12 million versus $1.04 million estimated by four analysts on average. - Service charges on deposits: $12.26 million compared to the $11.73 million average estimate based on three analysts. View all Key Company Metrics for WesBanco here>>> Shares of WesBanco have returned -2.2% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WesBanco, Inc. (WSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Regional banking company WesBanco (NASDAQ:WSBC) will be reporting earnings this Wednesday afternoon. Here's what to expect. WesBanco beat analysts' revenue expectations last quarter, reporting revenues of $275.4 million, up 5.7% year on year. It was a satisfactory quarter for the company, with a beat of analysts' EPS estimates but a slight miss of analysts' net interest income estimates. Is WesBanco a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting WesBanco's revenue to grow 5.2% year on year, slowing from the 72.9% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. WesBanco has missed Wall Street's revenue estimates multiple times over the last two years. Looking at WesBanco's peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Washington Trust Bancorp delivered year-on-year revenue growth of 15%, beating analysts' expectations by 4.1%, and Independent Bank reported revenues up 7.4%, topping estimates by 0.6%. Independent Bank traded up 3.6% following the results. Read our full analysis of Washington Trust Bancorp's results here and Independent Bank's results here. In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. WesBanco is down 5.2% during the same time and is heading into earnings with an average analyst price target of $44.14 (compared to the current share price of $37.05). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who's building AI, one company is already using it to print money. And nobody's paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won't last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

The market expects Dime Community (DCOM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +42.6%. Revenues are expected to be $131.23 million, up 13.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.59% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Dime Community, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.01%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Dime Community will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Dime Community would post earnings of $0.76 per share when it actually produced earnings of $0.79, delivering a surprise of +3.95%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Dime Community doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - Southeast industry, WesBanco (WSBC), is soon expected to post earnings of $0.87 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of -7.5%. This quarter's revenue is expected to be $276.34 million, up 5.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for WesBanco has been revised 0.3% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.61%, reflecting a lower Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that WesBanco will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dime Community Bancshares, Inc. (DCOM) : Free Stock Analysis Report WesBanco, Inc. (WSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research