Investors might want to bet on WesBanco (WSBC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changin ...

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WesBanco (WSBC) reported $151.95 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.4%. EPS of $0.56 for the same period compares to $0.59 a year ago.The reported revenue represents a surprise of -0.30% over the Zacks Consensus Estimate of $152.4 million. With the consensus EPS estimate being $0.52, the EPS surprise was +7.69%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Company Performance - WesBanco reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.59 per share a year ago, representing an earnings surprise of 7.69% [1] - The company posted revenues of $151.95 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.30%, compared to $149.81 million in the same quarter last year [1] - Over the last four quarters, WesBanco has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $154.55 million, and for the current fiscal year, it is $2.06 on revenues of $599 million [4] - The estimate revisions trend for WesBanco is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [4] Industry Context - The Banks - Southeast industry, to which WesBanco belongs, is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [5] - Another company in the same industry, USCB Financial Holdings, Inc., is expected to report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 68.4% [5]

Strong sequential quarter deposit growth of 12.1% annualized and loan growth of 6.3% annualizedWHEELING, W.Va., Oct. 23, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco" or "Company") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and nine months ended September 30, 2024. Net income available to common shareholders for the third quarter of 2024 was $34.7 million, with earnings per share of $0.54, compared to $34.3 milli ...

WHEELING, W.Va., Oct. 2, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 3:00 p.m. ET on Thursday, October 24, 2024. Jeffrey H. Jackson, President and Chief Executive Officer, and Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer, will review financial results for the third quarter of 2024. Results for the quarter are expected to be released after the market close on Wednesda ...

WHEELING, W.Va., Sept. 26, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multistate bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq: WSBCP). The declared cash dividend on the Series A Preferred Stock is for the period from August 15, 2024, up to, but excluding November 15, 2024. The declared cash divid ...

WHEELING, W.Va., Aug. 21, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ: WSBC), a diversified, multistate bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2024 to shareholders of record on September 6, 2024, and represents an annualized cash dividend rate of $1.44 per common share. About WesBanco, Inc. With over 150 years as a community-focused, regio ...

The award recognizes WesBanco's commitment to creating a supportive and inclusive workplace culture for parents WHEELING, W.Va., Aug. 20, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multistate bank holding company, announced today that Newsweek and Plant-A Insights Group have recognized it as one of America's Greatest Workplaces for Parents and Families 2024. WesBanco received a five-star rating, one of just seven banks to receive Newsweek's highest performance mark. WesBanco is proud ...

WesBanco, Inc. (NASDAQ:WSBC) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants John Iannone - Senior Vice President, Investor Relations Jeff Jackson - President & Chief Executive Officer Dan Weiss - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Karl Shepard - RBC Capital Markets Catherine Mealor - KBW Russell Gunther - Stephens David Bishop - Hovde Group Daniel Cardenas - Janney Montgomery Scott Manuel Navas - D.A. Davidson Operator Good ...