NASDAQ$WSBC
Wesbanco Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
WesBanco's financial performance declined due to macroeconomic deterioration and merger-related expenses.
WesBanco reported a decrease in net income and diluted earnings per share for the first quarter of 2020, compared to the same period in 2019. The results were impacted by merger-related expenses and a significant deterioration in the macroeconomic forecast due to the COVID-19 pandemic.
- Net income was $23.4 million, or $0.35 per diluted share, compared to $40.3 million, or $0.74 per diluted share, in Q1 2019.
- Net income excluding after-tax merger-related expenses was $27.5 million, or $0.41 per diluted share, compared to $42.8 million, or $0.78 per diluted share, in Q1 2019.
- Successfully completed signage and systems conversion of Old Line Bancshares in February.
- Portfolio loans increased 35.0% year-over-year due to the OLBK acquisition.
Headline financials
Revenue & EPS history
WesBanco · Revenue · Quarterly
$148M
Revenue by segment
WesBanco · $28M total across 9 segments · Q1 2020
- Trust fees$6.95M—24.8%
- Deposit service charges$6.62M—23.6%
- Digital banking income$4.25M—15.2%
- Other income$3.8M—13.6%
- BOLI income$1.77M—6.3%
- Brokerage revenue$1.68M—6.0%
- Securities gains$1.49M—5.3%
- Mortgage banking$1.28M+20.8%4.6%
- Gains on REO/other assets$169K—0.6%
Forward guidance
WesBanco did not provide specific forward guidance in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.2%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+1.1%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+7.3%
Q1 2020
Best reaction
-8.4%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.3% | -3.2% | -3.3% | |
| Q4 2025 | -2.6% | +2.2% | -1.0% | |
| Q3 2025 | -2.1% | -2.1% | +0.2% | |
| Q1 2025 | -0.4% | +1.6% | +2.9% | |
| Q4 2024 | +5.3% | +10.4% | +11.6% | |
| Q3 2024 | -1.6% | +1.5% | +18.1% | |
| Q2 2024 | -6.2% | -7.0% | -5.3% | |
| Q1 2024 | -0.9% | -3.6% | -3.4% | |
| Q4 2023 | +1.4% | +0.6% | -5.5% | |
| Q3 2023 | +2.7% | +3.2% | +14.0% | |
| Q2 2023 | +2.5% | -0.8% | -10.8% | |
| Q1 2023 | -6.1% | -7.4% | -15.3% | |
| Q4 2022 | -0.0% | -0.5% | +2.5% | |
| Q3 2022 | +3.6% | +6.0% | +5.6% | |
| Q2 2022 | +2.0% | +3.6% | +6.3% | |
| Q1 2022 | -2.1% | -3.8% | -0.2% | |
| Q4 2021 | -3.3% | -2.6% | -5.6% | |
| Q3 2021 | -8.4% | -7.7% | -5.9% | |
| Q2 2021 | +1.3% | -0.0% | +4.5% | |
| Q1 2021 | -1.7% | -2.8% | +4.1% | |
| Q4 2020 | -7.5% | -8.1% | +3.0% | |
| Q3 2020 | +5.8% | +5.1% | +20.5% | |
| Q2 2020 | +0.9% | -2.9% | +4.1% | |
| Q1 2020 | +7.3% | +3.0% | +0.8% | |
| Q4 2019 | -1.9% | -6.6% | -9.4% | |
| Q3 2019 | -6.4% | -3.9% | -6.0% | |
| Q2 2019 | -4.5% | -1.2% | -6.8% | |
| Q1 2019 | -0.7% | -3.1% | -6.6% | |
| Q4 2018 | +4.7% | +2.2% | +6.4% | |
| Q3 2018 | -2.4% | -1.6% | +4.4% | |
| Q2 2018 | +2.3% | +2.0% | +6.6% | |
| Q1 2018 | -0.6% | -1.0% | +7.6% | |
| Q4 2017 | -0.2% | -0.9% | +0.1% | |
| Q3 2017 | -0.4% | -3.6% | -3.7% | |
| Q2 2017 | -1.8% | -4.4% | -10.1% | |
| Q1 2017 | +3.6% | +6.4% | +1.9% | |
| Q4 2016 | +4.2% | +1.7% | +0.1% | |
| Q3 2016 | -4.5% | -2.1% | +18.9% | |
| Q2 2016 | -1.7% | -2.2% | -0.7% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | -4.4% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +2.6% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2011 | +1.4% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q4 2010 | +1.4% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +4.2% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q1 2012 | +3.0% | — | — | |
| Q3 2010 | +4.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2010 | +4.8% | — | — | |
| Q2 2011 | +4.8% | — | — | |
| Q1 2010 | -0.9% | — | — |
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