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Dec 31, 2021
WesBanco Q4 2021 Earnings Report
Net income increased slightly compared to the same quarter last year.
Key Takeaways
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.
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.comOther Income Revenue
CapyFin.com Forward Guidance
WesBanco did not provide specific forward guidance in the Q4 2021 earnings report.