WesBanco reports Q2 EPS 71c, consensus 66c

Reports Q2 provision for credit losses of $3.0M, as compared to a release of provision in the prior year period of $800,000. “Our Q2 results demonstrate the continued strength of our franchise and successful execution of our strategic initiatives. We delivered solid earnings and loan growth, and focused on maintaining our net interest margin,” said Todd Clossin, President and CEO of WesBanco. “As I close my tenure as CEO, I believe WesBanco is well-positioned for ongoing success with strong market positions, diversified revenue generation capabilities, and distinct long-term advantages. I am confident these will be the foundation for further growth and expansion through our incoming CEO Jeff Jackson’s strategic vision and leadership.”