WHEELING, W.Va. (AP) _ WesBanco Inc. (WSBC) on Monday reported fourth-quarter earnings of $36.4 million.
The bank, based in Wheeling, West Virginia, said it had earnings of 60 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 75 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The holding company for WesBanco Bank posted revenue of $159.1 million in the period. Its revenue net of interest expense was $137.8 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $133.2 million.
For the year, the company reported profit of $158.9 million, or $2.83 per share. Revenue was reported as $516.6 million.
WesBanco shares have decreased 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.14, a decrease of 11% in the last 12 months.