Old National Bancorp and WesBanco report Q3 results this Wednesday: what analysts expect

what happened

Old National Bancorp will publish third-quarter results on Wednesday before the market opens, while WesBanco reports the same day in the afternoon, according to stockstory.org. Last quarter Old National posted revenue of $726.9 million, up 14.8% year on year, and WesBanco reported $275.4 million, up 5.7%. For the current quarter analysts expect Old National's revenue to rise 3.1% and WesBanco's to rise 5.2%, both slower than a year earlier.

Peers have already reported. Washington Trust Bancorp grew revenue 15%, beating estimates by 4.1%, and Independent Bank's revenue rose 7.4%, with its shares up 3.6% after the release. Over the past month regional bank stocks have fallen 5.7% on average, with Old National down 1.9% and WesBanco down 5.2%.

why it matters

Regional banks are sensitive to net interest income and loan growth, so the third-quarter figures will show how the sector is handling interest rates and the broader economy. Peer results were solid, and investors will watch whether these two banks can match them.

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