WSBC
WesBanco: Q2 Earnings Snapshot
Article Summary
HOLD- WesBanco Inc. (NASDAQ: WSBC) reported Q2 net income of $92.7 million, with earnings adjusted for restructuring costs of 92 cents per share, beating expectations of 86 cents.
- The bank, based in Wheeling, West Virginia, posted revenue of $386.7 billion, with net interest income of more than $275 million, also beating expectations.
- The holding company for WesBanco Bank posted revenue net of interest expense of $275.8 million, while net interest revenue excluding interest expenses reached $386 million.
- The results topped Wall Street expectations, with the average estimate of four analysts surveyed by Zacks Investment Research for earnings of 86 per cent.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 49.4% | 25% | 95.0 ptsOutstanding (49.4%) - Very strong |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 0.1% | 20% | 20.0 ptsMinimal Upside (0.1%) - Target: $40.44 vs Current: $40.38 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -2.2% | 15% | 20.0 ptsBarely a Dip (-2.2%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About WSBC
- WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States.
- It operates in two segments, Community Banking, and Trust and Investment Services.
- The company accepts interest and non-interest-bearing demand, money market, and savings deposit accounts, as well as certificates of deposit; and offers land and construction, improved property, commercial and industrial, residential real estate mortgage, and consumer loans, as well as home equity lines of credit and overdrafts.
- It also provides mutual funds and annuities; and property, casualty, life, and title insurance services, as well as holds commercial real estate properties and investment securities.
- In addition, the company offers letters of credit and international wire services, as well as operates as an investment adviser to a family of mutual funds.
- It operates through branches and ATM machines in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, Michigan, and Maryland.
- WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.