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WesBanco: Q4 Earnings Snapshot

WesBanco: Q4 Earnings Snapshot

WesBanco: Q4 Earnings Snapshot

By AP News
Published - Jan 24, 2023, 04:59 PM ET
Last Updated - Jun 23, 2023, 01:07 AM EDT

WHEELING, W.Va. (AP) _ WesBanco Inc. (WSBC) on Tuesday reported fourth-quarter profit of $52.2 million.

The Wheeling, West Virginia-based bank said it had earnings of 84 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The holding company for WesBanco Bank posted revenue of $176.7 million in the period. Its revenue net of interest expense was $157.6 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $160 million.

For the year, the company reported profit of $192.1 million, or $3.02 per share. Revenue was reported as $591.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a WSBC">Zacks stock report on WSBC at https://www.zacks.com/ap/WSBC

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