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Dec 31, 2020
WesBanco Q4 2020 Earnings Report
Net income increased and earnings per share exceeded prior year's quarter.
Key Takeaways
WesBanco reported a strong fourth quarter with net income available to common shareholders of $50.2 million and diluted earnings per share of $0.75, compared to $36.4 million and $0.60 per diluted share, respectively, for the fourth quarter of 2019.
WesBanco is a well-capitalized financial institution with solid liquidity and a strong balance sheet
Strong year-over-year growth in pre-tax, pre-provision income (non-GAAP measure) for both the quarter and annual periods
Total loan growth was 5.1% year-over-year, driven by WesBanco’s support of small businesses impacted by the pandemic
Deposit growth, excluding certificates of deposit, was 20.8% year-over-year, driven by growth in demand deposits
WesBanco
WesBanco
Forward Guidance
WesBanco believes they are well-positioned for long-term success, and remain positive about their opportunities for the upcoming year.