WesBanco (WSBC) Q3 2026 Earnings Call: Loan Growth and 3.60% NIM
Source Tradingkey
Key Takeaways
- WesBanco reported Q3 2026 GAAP net income available to common shareholders of $85 million, or $0.88 per share. Excluding merger and restructuring costs, net income was $86 million, or $0.89 per share.
- Total portfolio loans reached $19.9 billion, rising 5.1% year over year and 8.7% on a sequential annualized basis. C&I loans increased 11% year over year and 16% sequentially annualized.
- Net interest income increased 4.7% year over year to $227 million, while net interest margin was 3.60%, up 7 basis points year over year.
- Credit metrics improved as criticized and classified loans declined $93 million, or 55 basis points, from Q2 to 3.19% of total loans. The allowance for credit losses declined to 1.08%, or $215 million.
- Management maintained its outlook for mid-single-digit loan growth in 2026, supported by a $1.8 billion commercial pipeline, despite elevated commercial real estate payoffs.
- For Q4 2026, management expects net interest margin to be 1–2 basis points below 3.60%, fee income growth of 3%–5% year over year, and adjusted operating expenses of approximately $153 million.
Key Financial Data
| Metric | Q3 2026 result | Change or context |
|---|---|---|
| GAAP net income available to common shareholders | $85 million | $0.88 per share |
| Adjusted net income | $86 million | $0.89 per share |
| Year-to-date adjusted EPS | $2.72 | Up nearly 7% year over year |
| Return on average assets | 1.3% | Improved year over year |
| Return on average tangible common equity | Nearly 17% | Year-to-date level |
| Efficiency ratio | 52% | Remained in the low-50% range |
| Total assets | $28.5 billion | Record level |
| Total portfolio loans | $19.9 billion | Up 5.1% year over year |
| Total deposits | $21.6 billion | Up 1.5% year over year; roughly flat sequentially |
| Net interest income | $227 million | Up $10.2 million, or 4.7%, year over year |
| Net interest margin | 3.60% | Up 7 basis points year over year |
| Noninterest income | $46 million | Up 2.2% year over year |
| Adjusted noninterest expense | $150 million | Up 3.7% year over year and 1.4% sequentially |
| CET1 ratio | 10.6% | Within management’s 10.5%–11% target range |
| Average loan-to-deposit ratio | 91% | Management views approximately 95% as an upper comfort level |
Business and Operating Performance
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