WesBanco (WSBC) Tops Q4 EPS by 5c

WesBanco (NASDAQ: WSBC) reported Q4 EPS of $0.75, $0.05 better than the analyst estimate of $0.70.

Todd F. Clossin, President and Chief Executive Officer of WesBanco, commented, "2019 was another successful year for WesBanco – one that was also full of milestones. Solid execution on our strategies allowed us to generate record annual earnings of $159 million, or $172 million, when excluding merger-related costs. On November 22nd, we welcomed the customers and employees of Old Line Bancshares into the WesBanco family. In addition to maintaining a strong commitment to client service and community banking, I am excited about our opportunities in the Mid-Atlantic market as we work to enhance customer relationships through new and expanded products and services, and provide enhanced career opportunities for our newest employees."

Mr. Clossin added, "Through our merger with Old Line, we expanded our franchise into the dynamic Mid-Atlantic market with strong deposit market share in the fast growing Baltimore and Washington D.C. MSAs, as well as crossing $15 billion in total assets. Further, due to the hard work and dedication of our employees, WesBanco Bank earned its seventh consecutive "Outstanding" Community Reinvestment Act rating. We continue to believe we are well-positioned for long-term success, and remain positive about our opportunities for the upcoming year, as we focus internally on organic growth and ensuring a successful integration of our Mid-Atlantic franchise."

For earnings history and earnings-related data on WesBanco (WSBC) click here.

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