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WesBanco
(NASDAQ:WSBC)
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Rating:74Outperform
Price Target:
$42.00
â–²(3.86% Upside)
Action:Reiterated
Date:10/23/26
WSBC scores well primarily on improving financial performance and a constructive earnings outlook (loan growth/pipeline, profitability and credit improvements, solid capital), reinforced by attractive valuation (low P/E and ~4% yield). The main constraint is mixed technicals with negative MACD and the stock trading below key mid-term moving averages, alongside guidance risks around funding costs/NIM and deposit/CRE-payoff dynamics.
Positive Factors
Organic Loan Growth
Strong loan growth and record commercial production indicate expanding customer relationships and market share. The $1.8 billion pipeline and planned mid-single-digit 2026 growth provide a durable base for future net interest income, especially across C&I lending and newer markets.
Negative Factors
Funding Cost Pressure
Loans are expected to outpace deposits in the near term, increasing reliance on costlier funding while deposit pricing continues to rise. This mix can compress net interest margin and reduce the earnings benefit from otherwise strong asset growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic Loan Growth
Strong loan growth and record commercial production indicate expanding customer relationships and market share. The $1.8 billion pipeline and planned mid-single-digit 2026 growth provide a durable base for future net interest income, especially across C&I lending and newer markets.
Read all positive factors
WesBanco Key Performance Indicators (KPIs)
Any
Income Before Taxes by Segment
Reports pre-tax profitability across segments, showing operating performance before tax impact and revealing where growth, expense control, or credit provisions are boosting or eroding earnings potential.
Reports pre-tax profitability across segments, showing operating performance before tax impact and revealing where growth, expense control, or credit provisions are boosting or eroding earnings potential.
Data provided by:
The Fly
The FlyWesBanco (WSBC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.75B
Dividend Yield3.89%
Average Volume (3M)936.20K
Price to Earnings (P/E)11.0
Beta (1Y)0.78
Revenue Growth16.54%
EPS Growth77.61%
CountryUS
Employees2,969
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.51
Shares Outstanding95,905,890
10 Day Avg. Volume695,103
30 Day Avg. Volume936,203
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.74
Price to Sales (P/S)2.08
P/FCF Ratio10.64
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue3.96
Enterprise Value/Gross Profit5.77
Enterprise Value/Ebitda12.69
Forecast
1Y Price Target
$44.50Price Target Upside10.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.58
Revenue Forecast (FY)$1.08B
WesBanco Business Overview & Revenue Model
Company Description
WesBanco, Inc. functions as the parent entity for WesBanco Bank, Inc., overseeing a comprehensive portfolio of financial services. These offerings encompass retail and corporate banking, trust administration for both individuals and businesses, br...
How the Company Makes Money
WesBanco makes money primarily through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest and fees on interest-earning assets—most notably loans (such as commercial and industrial, commercial r...
WesBanco Earnings Call Summary
Earnings Call Date:Oct 21, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 26, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall, supported by accelerating loan growth, record commercial production, expanding Florida and Tennessee markets, improved profitability, solid capital, stronger credit metrics and growing fee income. The principal challenges were flat sequential deposits, elevated CRE payoffs, higher-cost wholesale funding, potential modest net interest margin compression, increased expenses and lower mortgage banking income.Positive Updates
Strong Third-Quarter Earnings and Returns
Third-quarter GAAP net income available to common shareholders was $85 million, or $0.88 per share, and $86 million, or $0.89 per share, excluding restructuring and merger-related expenses. Year-to-date adjusted earnings per share increased nearly 7% to $2.72, return on average tangible common equity remained nearly 17%, return on average assets improved to 1.3%, and the efficiency ratio declined to 52%.
Negative Updates
Flat Sequential Deposit Growth
Deposits of $21.6 billion increased 1.5% year-over-year but were roughly flat sequentially, as higher-cost CDs migrated to money markets and other transaction accounts. Management attributed some deposit runoff to the closure of 37 branches and said loan growth is expected to outpace deposits in the near term.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Earnings and Returns
Third-quarter GAAP net income available to common shareholders was $85 million, or $0.88 per share, and $86 million, or $0.89 per share, excluding restructuring and merger-related expenses. Year-to-date adjusted earnings per share increased nearly 7% to $2.72, return on average tangible common equity remained nearly 17%, return on average assets improved to 1.3%, and the efficiency ratio declined to 52%.
Read all positive updates
Company Guidance
WesBanco expects mid-single-digit loan growth in 2026, with loan growth to outpace deposits in the near term, fourth-quarter net interest margin potentially a basis point or 2 below the 3.60% reported in the third quarter, fourth-quarter fee income growth in the 3% to 5% range year-over-year, operating expenses in the $153 million range, and a full-year effective tax rate of approximately 21%; CET1 is expected to remain in the targeted range of 10.5% to 11% in the fourth quarter, with the loan-to-deposit ratio potentially reaching the mid-90s, somewhere around 95-ish, and deposit growth expected to be strong in the fourth quarter. Management anticipates 2 Fed rate hikes, 1 in December with no meaningful impact on 2026 results and another in March of 2027, expects the 3.60% margin to be very defendable into 2027, and anticipates a 3% to 5% increase in expenses year-over-year in 2027; the deposit mix is expected to remain about 24%, 25% noninterest-bearing and the other 75% interest-bearing.WesBanco Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.51B | 1.43B | 947.61M | 824.87M | 625.14M | 609.51M |
| Gross Profit | 1.04B | 902.97M | 580.97M | 576.96M | 587.46M | 646.75M |
| EBITDA | 472.74M | 302.48M | 200.40M | 208.48M | 249.44M | 315.24M |
| Net Income | 356.00M | 223.11M | 151.51M | 159.03M | 192.11M | 242.26M |
Balance Sheet | ||||||
| Total Assets | 27.80B | 27.70B | 18.68B | 17.71B | 16.93B | 16.93B |
| Cash, Cash Equivalents and Short-Term Investments | 5.31B | 204.86M | 780.73M | 2.79B | 2.94B | 4.26B |
| Total Debt | 1.75B | 1.66B | 1.47B | 1.73B | 1.12B | 458.67M |
| Total Liabilities | 23.69B | 23.66B | 15.89B | 15.18B | 14.51B | 14.23B |
| Stockholders Equity | 4.11B | 4.03B | 2.79B | 2.53B | 2.43B | 2.69B |
Cash Flow | ||||||
| Free Cash Flow | 376.84M | 279.99M | 200.67M | 146.82M | 196.15M | 327.76M |
| Operating Cash Flow | 396.07M | 290.41M | 211.00M | 169.32M | 204.14M | 336.30M |
| Investing Cash Flow | -560.23M | -71.01M | -1.03B | -535.22M | -1.07B | -328.50M |
| Financing Cash Flow | -121.10M | 168.57M | 791.90M | 552.87M | 21.07M | 338.11M |
WesBanco Technical Analysis
Positive
40.44
Price Trends
39.03
Positive
38.90
Positive
36.44
Positive
Market Momentum
-0.20
Negative
59.73
Neutral
91.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSBC, the sentiment is Positive. The current price of 40.44 is above the 20-day moving average (MA) of 37.44, above the 50-day MA of 39.03, and above the 200-day MA of 36.44, indicating a bullish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 91.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WSBC.
WesBanco Risk Analysis
WesBanco disclosed 31 risk factors in its most recent earnings report. WesBanco reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WesBanco Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.43B | 11.37 | 10.07% | 3.09% | 11.65% | 13.28% | |
75 Outperform | $3.31B | 16.27 | 12.46% | 3.07% | 14.45% | 8.54% | |
74 Outperform | $3.75B | 10.97 | 8.88% | 3.89% | 16.54% | 77.61% | |
70 Outperform | $4.52B | 10.96 | 11.39% | 3.21% | 2.96% | 12.41% | |
69 Neutral | $2.53B | 12.56 | 7.54% | 3.59% | 7.98% | -19.37% | |
68 Neutral | $3.80B | 12.37 | 8.13% | 2.26% | 27.48% | 31.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
WSBC
WesBanco
39.05
9.36
31.51%
FFBC
First Financial Bancorp
32.64
9.44
40.70%
FRME
First Merchants
40.68
5.27
14.88%
FULT
Fulton Financial
23.67
6.34
36.55%
PRK
Park National
182.99
30.90
20.32%
RNST
Renasant
41.57
7.43
21.76%
WesBanco Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
WesBanco Outlines Growth Strategy in Q3 2026 Update
Positive
Aug 27, 2026
WesBanco is a diversified regional financial institution with a significant presence across 10 U.S. states, providing consumer and commercial banking, residential mortgage services, and a broad suite of wealth, trust, securities, and treasury mana...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.