WesBanco Inc., which has branches throughout the area, on Tuesday announced higher quarterly and full-year earnings for 2012.
The Wheeling, W.Va.-based bank said fourth-quarter net income totaled $12.7 million, up nearly 19 percent from $10.6 million for the fourth quarter of 2011. Earnings per share were 46 cents as compared to 40 cents per share for the fourth quarter of 2011. The quarter ended Dec. 31.
Net income for the fourth quarter excluding restructuring and merger-related expenses was $14.2 million compared to $10.6 million for 2011, up 34 percent. Earnings per share excluding restructuring and merger-related expenses were 52 cents versus 40 cents per share for 2011, the bank said.
For the twelve months ended Dec. 31, net income rose 13 percent to $49.5 million, while earnings per share were $1.84, up nearly 19 percent from 2011, excluding restructuring and merger-related costs.