Compared to Estimates, WesBanco (WSBC) Q3 Earnings: A Look at Key Metrics
WesBanco (WSBC) reported $149.81 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.4%. EPS of $0.59 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +0.34% over the Zacks Consensus Estimate of $149.29 million. With the consensus EPS estimate being $0.62, the EPS surprise was -4.84%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WesBanco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3% versus the three-analyst average estimate of 3.1%.
Efficiency Ratio: 65% compared to the 64.6% average estimate based on three analysts.
Annualized net loan charge-offs and recoveries /average loans: 0% compared to the 0.1% average estimate based on two analysts.
Average Balance - Total earning assets: $15.55 billion versus $15.59 billion estimated by two analysts on average.
Total Non-Interest Income: $30.88 million compared to the $29.63 million average estimate based on three analysts.
Mortgage banking income: $0.98 million versus $0.75 million estimated by three analysts on average.
Bank-owned life insurance: $2.40 million compared to the $2.50 million average estimate based on two analysts.
Other income: $3.25 million compared to the $6.15 million average estimate based on two analysts.
Service charges on deposits: $6.73 million versus $6.12 million estimated by two analysts on average.
Net securities brokerage revenue: $2.39 million compared to the $2.76 million average estimate based on two analysts.
Electronic banking fees: $4.95 million versus $5.01 million estimated by two analysts on average.
Net interest income on a fully taxable equivalent basis: $118.93 million versus $119.25 million estimated by two analysts on average.
View all Key Company Metrics for WesBanco here>>>
Shares of WesBanco have returned -1.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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WesBanco, Inc. (WSBC) : Free Stock Analysis Report
