10-K · March 2, 2026
Wesbanco’s 2025 results were dominated by the February 28, 2025 acquisition of Premier Financial Corp. (PFC), which drove a 48.2% increase in total assets to $27.7 billion and a 51.9% increase in portfolio loans to…
Earnings analysis · 10-Q
WSBC earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
WesBanco's Q1 2026 financial report reveals a mixed performance, where adjusted EPS of $0.91 surpassed the estimated $0.86 but revenue of $257.2 million fell short of expectations of $265 million. This quarter also…
Read full summary
WesBanco's Q1 2026 financial report reveals a mixed performance, where adjusted EPS of $0.91 surpassed the estimated $0.86 but revenue of $257.2 million fell short of expectations of $265 million. This quarter also marked a significant downturn in operating margins, dropping to -3.4% compared to the same period last year, largely due to restructuring and integration costs associated with recent acquisitions.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.91
- Operating margin
- -3.4%
What stood out
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Adjusted EPS Surpassed Expectations
WesBanco reported adjusted EPS of $0.91, beating the consensus estimate of $0.86 by 5.8%.
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Revenue Growth Despite Miss
Total revenue reached $257.2 million, a 3% increase YoY, although it was -2.94% below analyst estimates.
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Expansion in Net Interest Margin
Net interest margin improved to 3.57%, an increase of 22 basis points year-over-year.
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Achievement of Acquisition Targets
The company highlighted achieving year-one targets from the Premier acquisition, contributing positively to performance.
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Increase in Free Cash Flow
Free cash flow increased to $65 million from $63 million in the prior quarter.
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Strong Liquidity Position
WesBanco reported a robust CET1 ratio of 10.7%, indicating strong financial stability.
What to watch
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Material Weakness in Financial Controls
WesBanco has identified a material weakness in controls over the fair value of acquired assets.
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Restructuring Costs Impacting Margins
Significant restructuring and merger-related costs are negatively affecting the operating margins, which fell to -3.4%.
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Elevated Commercial Real Estate Payoffs
There are ongoing headwinds with elevated payoffs in commercial real estate impacting overall loan growth.
Management's outlook
No formal numeric guidance was provided; the company noted expectations of steady performance amidst ongoing integration efforts.
Earlier filings 4
10-Q · May 8, 2025
Wesbanco reported a GAAP net loss of $11.5 million (GAAP EPS $(0.15)) for Q1 2025, driven by a $59.4 million day‑one CECL provision on PFC acquired loans and $20.0 million of restructuring/merger costs. Underlying…
10-K · March 3, 2025
Wesbanco reported 2024 net income available to common shareholders of $141.4 million (diluted EPS $2.26) on loan-driven balance-sheet growth (portfolio loans $12.7 billion, up 8.7%) and modest non-interest income…
10-Q · October 31, 2024
Wesbanco’s Q3 2024 results show modest net interest income growth offset by fee income declines and margin compression. Net interest income rose to $121,142 (thousands) (+$3,460; +2.9% YoY) while GAAP EPS fell to $0.54…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.