WesBanco, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 04:20 pm EDT
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WesBanco, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 121.57 million compared to USD 112.23 million a year ago. Net income was USD 44.88 million compared to USD 42.75 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.67 a year ago.
For the six months, net interest income was USD 245.9 million compared to USD 219.94 million a year ago. Net income was USD 87.22 million compared to USD 86.87 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.35 a year ago. Diluted earnings per share from continuing operations was USD 1.38 compared to USD 1.34 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. 
