WHEELING, W.Va. (AP) — WesBanco Inc. (WSBC) on Wednesday reported third-quarter net income of $32.5 million.
The bank, based in Wheeling, West Virginia, said it had earnings of 64 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 81 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The holding company for WesBanco Bank posted revenue of $134.6 million in the period. Its revenue net of interest expense was $116.2 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $109.1 million.
WesBanco shares have fallen almost 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.74, a decline of slightly more than 4 percent in the last 12 months.