BUZZ-WesBanco jumps after Q4 profit beats expectation

Shares of regional lender WesBanco WSBC.O jump as much as 9.3%; last up 6.1% at $33.67

Bank late Wednesday posted Q4 adjusted EPS of 71 cents, topping Wall Street expectation of 55 cents — LSEG

WSBC's Q4 loans were up $1 bln, or 8.7%, compared with a year earlier, driven by commercial loan growth

Q4 net interest income jumped 7.4% to $126.5 mln due to loan growth, and higher loan and securities yields

Net interest margin (NIM) — a key gauge of profitability — was 3.03% in Q4, an improvement of 8 basis points sequentially and 1 basis point compared with a year earlier

D.A. Davidson analyst Manuel Navas says WSBC is on the path to stand out on growth and NIM expansion this year compared to its peers

Raymond James says it was a strong all-round quarter coupled with solid balance sheet growth

WSBC stock rose 3.7% in 2024