WesBanco (WSBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Viewpoint - WesBanco reported a slight year-over-year revenue increase of 1.4% for Q3 2024, but the earnings per share (EPS) decreased compared to the previous year, indicating mixed financial performance [1]. Financial Performance - Revenue for the quarter was $151.95 million, which was a -0.30% surprise compared to the Zacks Consensus Estimate of $152.4 million [1]. - EPS for the quarter was $0.56, down from $0.59 a year ago, but exceeded the consensus estimate of $0.52, resulting in a +7.69% surprise [1]. - Efficiency Ratio was reported at 65.3%, slightly above the estimated 65.1% [1]. - Net Interest Margin stood at 3%, matching the average estimate [1]. - Mortgage banking income was $1.28 million, surpassing the average estimate of $1.10 million [1]. - Total Non-Interest Income was $29.61 million, below the average estimate of $31.50 million [1]. Stock Performance - WesBanco shares have returned +4.3% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [2]. - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance in the near term [2].