NASDAQ$WSBC

Wesbanco Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Net income increased slightly compared to the same quarter last year.

WesBanco reported a net income of $51.6 million for Q4 2021, a slight increase from $50.2 million in Q4 2020. Diluted earnings per share were $0.82, compared to $0.75 in the prior year quarter. The company's performance was driven by continued expense management, record trust assets, and strong residential mortgage originations.

  • Expense management with a year-to-date efficiency ratio of 58.22%.
  • Trust assets reached a record $5.6 billion due to market appreciation and organic growth.
  • Residential mortgage originations increased 9% year-over-year, totaling $1.4 billion for 2021.
  • Macro-economic improvements favorably impacted the provision for credit losses.

Headline financials

Total Revenue

$110M

Previous: $120M-7.8%
EPS (adj)

$0.82

Previous: $0.76+7.9%
Efficiency ratio

58.2%

Previous: 57.1%+2.0%
Tier 1 leverage capital

10.0%

No prior period
Total risk-based capital

15.9%

Previous: 17.6%-9.4%
CET1 capital ratio

12.8%

Previous: 13.4%-4.7%
Capital Expenditures

$2.68M

Previous: $1.59M+68.1%
Free Cash Flow

$57.5M

Previous: $37.4M+53.8%
Net Income

$54.1M

Previous: $52.9M+2.4%
Operating Income

$52.7M

Previous: $64.6M-18.3%
Cash & Equivalents

$1.25B

Previous: $905M+38.2%
Total Assets

$16.9B

Previous: $16.4B+3.1%
Stock-Based Comp

$6.48M

Previous: $5.65M+14.5%

Revenue & EPS history

WesBanco · Revenue · Quarterly

$110M

Q4 2021-7.8%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

WesBanco · $30.9M total across 8 segments · Q4 2021

  • Trust fees
    $7.44M
  • Deposit service charges
    $6.59M
  • Other income
    $4.68M
  • Digital banking income
    $4.47M
  • Mortgage banking
    $2.87M
  • BOLI income
    $2.86M
  • Brokerage revenue
    $1.58M
  • Securities gains
    $372K

Forward guidance

WesBanco did not provide specific forward guidance in the Q4 2021 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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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