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Jun 30, 2024
WesBanco Q2 2024 Earnings Report
WesBanco's second quarter results were announced, marked by solid loan and deposit growth.
Key Takeaways
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.
Total loan growth was 10.1% year-over-year and 3.2% quarter-over-quarter.
Deposits increased 4.4% year-over-year to $13.4 billion.
Non-interest income increased 2.4% quarter-over-quarter.
Key credit quality metrics remained at low levels and favorable to peer bank averages.
WesBanco
WesBanco
WesBanco Revenue by Segment
Revenue by Segment
Trust Fees Revenue
CapyFin.comService Charges on Deposits Revenue
CapyFin.comDigital Banking Income Revenue
CapyFin.comNet Securities Brokerage Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.comMortgage Banking Income Revenue
CapyFin.comNet Securities Gains Revenue
CapyFin.comNet Gains on OREO & Other Assets Revenue
CapyFin.comOther Income Revenue
CapyFin.comNet Swap Fee & Valuation Income Revenue
CapyFin.com Forward Guidance
WesBanco is positioned for continued growth in the second half of 2024, supported by a strong balance sheet and long-term growth strategies.