WHEELING, W.Va. (AP) _ WesBanco Inc. (WSBC) on Tuesday reported first-quarter profit of $25.9 million.
The bank, based in Wheeling, West Virginia, said it had earnings of 59 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 60 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share.
The holding company for WesBanco Bank posted revenue of $102.8 million in the period. Its adjusted revenue was $93.6 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $94.8 million.
WesBanco shares have decreased 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.77, a climb of 20 percent in the last 12 months.