WesBanco: 3Q Earnings Snapshot

October 23, 2019 GMT

WHEELING, W.Va. (AP) _ WesBanco Inc. (WSBC) on Wednesday reported third-quarter net income of $37.3 million.

The Wheeling, West Virginia-based bank said it had earnings of 68 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 71 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The holding company for WesBanco Bank posted revenue of $144.3 million in the period. Its revenue net of interest expense was $123.1 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $125.3 million.

WesBanco shares have risen roughly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.22, a decline of 3% in the last 12 months.


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