WesBanco (WSBC) Q3 2026 earnings summary

Executive summary

• Q3 net income available to common shareholders was $85.3 million, or $0.88 diluted EPS; adjusted diluted EPS was $0.89.

• Higher net interest income and organic loan growth supported results, while elevated CRE payoffs and higher credit provision were headwinds.

• 9M net income available to common shareholders was $258.1 million, or $2.67 diluted EPS; adjusted EPS was $2.72, up 6.7% YoY.

Financial highlights

• Q3 net interest income rose 4.7% YoY to $226.9 million; non-interest income rose 2.2% to $45.9 million.

• Q3 non-interest expense was $150.9 million, down 3.4% YoY reported; excluding restructuring and merger costs, expense was $150.1 million, up 3.7%.

• Q3 provision for credit losses was $8.7 million versus $2.1 million; 9M provision was $16.9 million versus $74.2 million.

• Total assets reached $28.5 billion; portfolio loans were $19.9 billion and deposits were $21.6 billion.

• 9M net interest income was $664.4 million, non-interest income was $141.3 million, and non-interest expense was $446.7 million.

Outlook and guidance

• Full-year 2026 loan growth is expected in the mid-single digits; the quarter-end commercial pipeline was $1.8 billion, up more than 50% since year-end.

• Q4 NIM may be 1–2 bps below Q3's 3.60%; asset repricing is expected to offset rising deposit costs and support a stable margin into 2027.

• Q4 fee income is expected to grow 3%–5% YoY; expenses are expected near $153 million after adding back Q3 one-time employee-benefit credits.

• Full-year effective tax rate is expected near 21%; management anticipates Fed rate hikes in December and March 2027, with no meaningful 2026 impact from the December move.

• Strong Q4 deposit growth is expected; incentive plans will emphasize deposits, with separate focus on interest-bearing and non-interest-bearing balances.