NASDAQ$WSBC
Wesbanco Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 financial results.
WesBanco reported a net income available to common shareholders of $41.9 million, or $0.64 per diluted share, compared to $41.3 million, or $0.61 per diluted share, for the third quarter of 2020.
- Pre-tax, pre-provision income (“PTPP”) excluding restructuring and merger-related expenses (non-GAAP measure) was $57.8 million, which included $2.6 million of settlement costs with respect to the pending resolution of a lawsuit
- Expense management demonstrated by a year-to-date efficiency ratio of 57.04% (non-GAAP measure)
- Deposit growth, excluding certificates of deposit (“CDs”), was 15.0% year-over-year, driven by growth in demand deposits
- Macro-economic forecasts favorably impacted the provision for credit losses under the Current Expected Credit Losses (“CECL”) methodology, which drove both the net benefit in the provision for credit losses and the reduction in allowance for credit losses during the quarter
Headline financials
Revenue & EPS history
WesBanco · Revenue · Quarterly
$148M
Revenue by segment
WesBanco · $27.8M total across 7 segments · Q4 2022
- Deposit service charges$6.76M+2.6%24.3%
- Trust fees$6.67M-10.3%24.0%
- Digital banking income$4.7M+5.2%16.9%
- Other income$4.05M-13.5%14.6%
- Brokerage revenue$2.56M+61.9%9.2%
- BOLI income$2.46M-14.0%8.9%
- Mortgage banking$621K-78.4%2.2%
Forward guidance
Forward-looking statements in this report relating to WesBanco’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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 Q3 2021
+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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