WesBanco posts 4Q profit
WesBanco posts profit of $24.2 million in 4th quarter
WHEELING, W.Va. (AP) _ WesBanco Inc. (WSBC) on Tuesday reported fourth-quarter net income of $24.2 million.
The Wheeling, West Virginia-based bank said it had earnings of 55 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 59 cents per share.
The holding company for WesBanco Bank posted revenue of $102.2 million in the period. Its adjusted revenue was $93.1 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $95.3 million.
For the year, the company reported profit of $86.6 million, or $2.16 per share. Revenue was reported as $334.8 million.
WesBanco shares have decreased 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.21, a climb of 55 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSBC at https://www.zacks.com/ap/WSBC
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Keywords: WesBanco, Earnings Report
