Market Overview

Wesbanco: Q3 Earnings Insights

Share:

Shares of Wesbanco (NASDAQ:WSBC) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 7.04% over the past year to $0.66, which beat the estimate of $0.53.

Revenue of $120,593,000 up by 25.46% from the same period last year, which missed the estimate of $121,600,000.

Looking Ahead

Wesbanco hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $39.33

52-week low: $17.46

Price action over last quarter: Up 15.31%

Company Overview

Wesbanco Inc is a bank holding company that offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. The company has two reportable segments: community banking and trust and investment services. WesBanco operates one commercial bank, WesBanco Bank, which runs scores of branches. Its market service area primarily includes the Rust Belt region of the United States. Commercial real estate accounts for nearly half of the bank's loan portfolio. The bank has historically grown through both organic growth and acquisitions. The bank's primary component of net revenue is net interest income.

 

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Posted-In: Earnings