WesBanco Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
WesBanco (WSBC) reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $0.89, slightly exceeding analyst expectations by $0.01. However, the company's revenue of $272.7 million fell short of estimates by approximately $2.18 million. Despite the revenue miss, WesBanco demonstrated strength in its lending activities, achieving an annualized loan growth rate of 8.7% over the sequential quarter and 5.1% year-over-year. This organic growth was sufficient to offset higher payoffs within the commercial real estate (CRE) sector.
Topics: commercial real estate earnings beat loan growth revenue miss