Overview

* WesBanco ( WSBC ) Q2 adjusted EPS of $0.91 beats analyst expectations, per LSEG data

* Net interest income rose 85.9% yr/yr, driven by PFC acquisition

Result Drivers

* PFC ACQUISITION - Acquisition of Premier Financial Corp significantly increased loans and deposits, contributing to a 53.6% rise in loans and 57.5% in deposits year-over-year

* NET INTEREST MARGIN - Improved to 3.59%, driven by PFC acquisition benefits and lower funding costs

* SYSTEMS CONVERSION - Successful conversion of customer data systems from PFC, enhancing operational capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.91 $0.86 (7

Adjusted Analysts

EPS )

Q2 EPS $0.57

Q2 Net $216.80

Interest mln

Income

Q2 CET1 9.9%

Capital

Ratio

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for WesBanco Inc ( WSBC ) is $38.00, about 15.3% above its July 28 closing price of $32.19

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)