WESBANCO INC - 10-Q filing on 2018-04-30

Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

Condensed financial information by business segment is presented below:


			Trust and
	Community		Investment
*(unaudited, in thousands)*	Banking		Services		Consolidated
For the Three Months ended March 31, 2018:
Interest and dividend income	$	86,417	$	—	$	86,417
Interest expense		13,125		—		13,125

Net interest income		73,292		—		73,292
Provision for credit losses		2,168		—		2,168

Net interest income after provision for credit losses		71,124		—		71,124
Non-interest income		17,477		6,503		23,980
Non-interest expense		50,894		3,677		54,571

Income before provision for income taxes		37,707		2,826		40,533
Provision for income taxes		6,411		593		7,004

Net income	$	31,296	$	2,233	$	33,529

For the Three Months ended March 31, 2017:
Interest and dividend income	$	79,924	$	—	$	79,924
Interest expense		9,205		—		9,205

Net interest income		70,719		—		70,719
Provision for credit losses		2,711		—		2,711

Net interest income after provision for credit losses		68,008		—		68,008
Non-interest income		16,741		6,143		22,884
Non-interest expense		50,992		3,392		54,384

Income before provision for income taxes		33,757		2,751		36,508
Provision for income taxes		9,522		1,100		10,622

Net income	$	24,235	$	1,651	$	25,886