WesBanco(US:WSBC)2024-04-24 13:32Financial Performance - Net income available to common shareholders was $33.2 million, resulting in $0.56 per diluted share[4] - Total deposits reached $13.5 billion, up 4.8% year-over-year and 10.0% quarter-over-quarter annualized[4, 13] - Total loan growth was 9.0% year-over-year and 8.1% quarter-over-quarter annualized[4, 9] - Non-interest income increased 10.8% year-over-year, while non-interest expense decreased 2.3% quarter-over-quarter[4] - The net interest margin (NIM) was 2.92%, a decrease of 44 basis points year-over-year and 10 basis points quarter-over-quarter[6, 19] Balance Sheet and Capital - Average loans to average deposits stood at 88.7%[4] - Non-performing assets to total assets ratio was 0.19%[4] - Tangible common equity to tangible assets ratio was 7.63%[4, 16] - Securities totaled $3.322 billion, representing 18.7% of assets[15] Credit Quality - Net loan charge-offs to average loans (annualized) was 0.20%[6] - Allowance for credit losses as a percentage of total loans was 1.09%[30, 31]