Wesbanco (WSBC) Q4 FY2024 earnings: revenue $163 million, up 10.2% on the year

Wesbanco Inc. (WSBC) reported revenue of $163 million for Q4 FY2024, the quarter ended 31 December 2024, up 10.2% on the same quarter a year earlier. Net income was $50 million, up 41.9% on the year, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue$163 millionup 10.2%

Net income$50 millionup 41.9%

Diluted EPS$0.72

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Revenue	163	151	148	+10.2%
Interest expense	n/a	n/a	73.6	n/a
Pre-tax income	61.9	44.8	43.5	+42.3%
Income tax	12.3	7.5	8.6	+43.8%
Effective tax rate	19.9%	16.8%	19.7%
Net income	49.6	37.3	35.0	+41.9%
Net margin	30.5%	24.7%	23.7%
Diluted EPS	$0.72	$0.54	$0.55	+30.9%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Operating cash flow	67.4	60.7	47.4	+42.4%
Capital expenditure	4.6	3.8	2.9	+57.1%
Free cash flow	62.8	56.9	44.4	+41.4%
Cash from investing	-267	-233	-223	n/a
Cash from financing	147	306	276	-46.7%
Dividends paid	23.8	21.2	20.6	+15.8%
Dividend per share	n/a	$0.36	n/a	n/a
Diluted shares, weighted	63m	65m	59m	+5.4%
Shares outstanding at period end	67m	67m	59m	+12.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Shareholders' equity	2,790	2,802	2,533	+10.2%
Deposits	14,134	13,837	13,169	+7.3%
Other liabilities	1,760	1,875	2,011	-12.4%
Total liabilities and equity	18,684	18,514	17,712	+5.5%
Fixed assets	219	222	234	-6.2%
Goodwill	1,100	n/a	1,100	+0.0%
Intangible assets	27.3	n/a	35.5	-23.2%
Securities held for sale or to maturity	3,399	3,391	3,394	+0.2%
Cash and equivalents	568	621	595	-4.6%
Other assets	13,371	14,280	12,354	+8.2%
Total assets	18,684	18,514	17,712	+5.5%

Questions

What was Wesbanco's revenue in Q4 FY2024?

Wesbanco (WSBC) reported revenue of $163 million for Q4 FY2024, the quarter ended 31 December 2024, up 10.2% on the same quarter a year earlier.

How much did Wesbanco earn in Q4 FY2024?

Net income for Q4 FY2024 was $50 million, up 41.9% on the year, and diluted earnings per share $0.72.

When did Wesbanco report Q4 FY2024 results?

Wesbanco filed its 10-K for the year that ended with the quarter on 3 March 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	149	148	145	148	151	163	193	261	262	266	257	276
Interest expense	65.9	73.6	81.4	86.4	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	44.3	43.5	43.4	35.0	44.8	61.9	-9.7	71.0	103	115	111	118
Tax rate	17%	20%	18%	17%	17%	20%	n/a	19%	19%	21%	20%	21%
Net income	36.8	35.0	35.7	28.9	37.3	49.6	-9.0	57.4	83.6	91.1	88.6	92.7
Net margin	25%	24%	25%	20%	25%	30%	-5%	22%	32%	34%	34%	34%
Diluted EPS	$0.58	$0.55	$0.56	$0.44	$0.54	$0.72	-$0.15	$0.57	$0.84	n/a	$0.88	$0.91
Operating cash flow	64.0	47.4	64.6	18.2	60.7	67.4	-26.4	105	117	94.9	107	77.7
Capital expenditure	2.7	2.9	2.8	n/a	3.8	4.6	4.3	6.8	2.0	n/a	n/a	n/a
Free cash flow	61.4	44.4	61.9	n/a	56.9	62.8	-30.7	98.3	115	n/a	n/a	n/a
Dividends paid	20.6	20.6	21.2	21.2	21.2	23.8	24.5	35.2	35.2	30.3	36.9	36.2
Shares outstanding	59m	59m	59m	60m	67m	67m	96m	96m	96m	96m	96m	96m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 3 March 2025, accession 0000950170-25-030795: the filing on EDGAR. All of Wesbanco Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install