WesBanco, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 09:36 pm
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WesBanco, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 119.712 million compared to USD 106.964 million a year ago. Net income was USD 52.854 million compared to USD 36.376 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.6 a year ago. For the full year, net interest income was USD 479.480 million compared to USD 399.904 million a year ago. Net income was USD 122.044 million compared to USD 158.873 million a year ago. Basic earnings per share from continuing operations was USD 1.78 compared to USD 2.83 a year ago. Diluted earnings per share from continuing operations was USD 1.77 compared to USD 2.83 a year ago.
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. 
