WesBanco, Inc. Provides Earnings Guidance for the Year 2018
January 24, 2018 at 03:00 pm
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WesBanco, Inc. provided earnings guidance for the year 2018. The company anticipates effective full year tax rate post tax reform to be between 18% and 20%, subject to changes in certain taxable income strategies that may be implemented in future periods. This tax change will have a positive impact on budgeted earnings and key operating metrics, such as return on average assets, return on average equity and return on tangible common equity during 2018.
Wesbanco, Inc. is a bank holding company and a financial holding company. The Company offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. The Company has two segments: community banking and trust and investment services. The community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products including mutual funds. Its banking subsidiary, Wesbanco Bank, Inc., operates more than 190 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania and West Virginia.
WESBANCO, INC. 
