WesBanco Earnings Reports

WesBanco reported strong second-quarter 2025 results, with significant increases in net income and diluted EPS, driven by the successful acquisition and integration of Premier Financial Corp. The company achieved substantial loan and deposit growth, improved its net interest margin, and enhanced its efficiency ratio, demonstrating strong operational performance and effective expense management.

WesBanco, Inc. reported a net loss of $11.5 million, or $(0.15) per share, for the first quarter of 2025. This loss was primarily due to a day one provision for credit losses and other expenses related to the acquisition of Premier Financial Corp. Excluding these acquisition-related impacts, adjusted net income was $51.2 million, or $0.66 per share. The company successfully closed the PFC acquisition, increasing total assets to $27.4 billion, and achieved strong organic loan and deposit growth.

WesBanco reported a strong fourth quarter with net income available to common shareholders of $47.1 million and earnings per share of $0.70, compared to $32.4 million and $0.55 per share in the fourth quarter of 2023. The company experienced robust loan and deposit growth, increased fee income, and maintained key credit quality metrics at favorable levels.

WesBanco reported a positive third quarter with strong deposit and loan growth. Net income available to common shareholders for the third quarter of 2024 was $34.7 million, with earnings per share of $0.54.

WesBanco reported a net income available to common shareholders of $26.4 million, or $0.44 per diluted share, for the second quarter of 2024. The results reflect continued loan and deposit growth, alongside a focus on cost control and strategic investments.

WesBanco reported a net income available to common shareholders of $33.2 million, with diluted earnings per share of $0.56 for the first quarter of 2024. Total deposits increased 4.8% year-over-year and 2.5% quarter-over-quarter, while total loan growth was 9.0% year-over-year and 2.0% quarter-over-quarter. Non-interest income increased 10.8% year-over-year.

WesBanco reported a decrease in net income available to common shareholders for Q4 2023 to $32.4 million, with diluted earnings per share of $0.55, compared to $49.7 million and $0.84 per diluted share for Q4 2022. The bank saw deposit and loan growth while maintaining a stable net interest margin.

WesBanco reported a net income available to common shareholders for the third quarter of 2023 of $34.3 million, with diluted earnings per share of $0.58. Total loan growth was 10.1% year-over-year. Total deposits were $13.1 billion, up 1.8% from June 30, 2023.

WesBanco reported a net income available to common shareholders of $42.3 million, or $0.71 per diluted share, for the second quarter of 2023, compared to $40.2 million, or $0.67 per diluted share, for the second quarter of 2022. The company experienced solid growth in pre-tax, pre-provision income, driven by loan growth and strategic initiatives.

WesBanco's first quarter 2023 results showed a slight decrease in net income available to common shareholders compared to the previous year, but the company demonstrated solid loan growth, strong credit quality, and a well-capitalized position.

WesBanco reported a net income available to common shareholders for the fourth quarter of 2022 was $49.7 million, with diluted earnings per share of $0.84, compared to $51.6 million and $0.82 per diluted share, respectively, for the fourth quarter of 2021.

WesBanco reported a strong third quarter in 2022, with net income available to common shareholders of $50.5 million and diluted earnings per share of $0.85. The company saw growth in loans and managed to control discretionary expenses. Credit quality metrics remained favorable, and the net interest margin increased sequentially.

WesBanco reported a net income of $40.2 million for Q2 2022, a decrease compared to $68.1 million in Q2 2021. Diluted earnings per share were $0.67, down from $1.01 in the prior year quarter. However, the company experienced strong loan growth and maintained low levels of non-performing assets and past due loans.

WesBanco reported a net income of $41.6 million, or $0.68 per diluted share, for the first quarter of 2022, compared to $70.6 million, or $1.05 per diluted share, for the first quarter of 2021. The current quarter was impacted by restructuring and merger-related expenses.

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.

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.

WesBanco reported a significant increase in net income available to common shareholders for the second quarter of 2021, reaching $68.1 million, or $1.01 per diluted share, compared to $4.5 million, or $0.07 per diluted share, for the same period in 2020. The company's performance was driven by strong fee income growth and disciplined expense management.

WesBanco reported a strong first quarter with net income available to common shareholders of $70.6 million, or $1.05 per diluted share. Excluding after-tax restructuring and merger-related expenses, net income was $71.3 million, or $1.06 per diluted share. The company saw growth in pre-tax, pre-provision income and continued expense management, with an efficiency ratio of 56.71%.

WesBanco reported a strong fourth quarter with net income available to common shareholders of $50.2 million and diluted earnings per share of $0.75, compared to $36.4 million and $0.60 per diluted share, respectively, for the fourth quarter of 2019.

WesBanco reported a net income of $41.3 million, or $0.61 per diluted share, for the third quarter of 2020, compared to $37.3 million, or $0.68 per diluted share, for the third quarter of 2019. Pre-tax, pre-provision income, excluding merger-related expenses, increased 33.8% year-over-year.

WesBanco reported a net income of $4.5 million, or $0.07 per diluted share, for the three months ended June 30, 2020. This compares to $44.8 million, or $0.82 per diluted share, for the second quarter of 2019. Pre-tax, pre-provision income, excluding merger-related expenses, increased 15.7% year-over-year to $66.8 million.

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.

WesBanco reported a decrease in net income for Q4 2019 compared to Q4 2018, primarily due to merger-related expenses and the impact of the Durbin amendment, which limits interchange fees for debit card processing. However, the company saw growth in mortgage banking income and overall solid execution on its strategies.