WesBanco: Fourth Quarter Earnings Overview

WesBanco Inc. Announces Fourth-Quarter Financial Results

WesBanco Inc., headquartered in Wheeling, West Virginia, has released its financial results for the fourth quarter, reporting a net income of $91.1 million.

The company achieved earnings of $0.81 per share during the quarter. After accounting for restructuring expenses, adjusted earnings rose to $0.84 per share.

These adjusted earnings were in line with the expectations of Wall Street analysts, with the consensus estimate from three analysts surveyed by Zacks Investment Research also at $0.84 per share.

During the quarter, WesBanco, the parent company of WesBanco Bank, recorded total revenue of $382.7 million. After deducting interest expenses, net revenue stood at $265.6 million, which fell short of analysts’ projections.

For the full year, WesBanco reported a total profit of $223.1 million, translating to $2.23 per share, with annual revenue reaching $981.1 million.