WesBanco Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total interest and dividend income of $53.172 million compared to $54.740 million a year ago. Net interest income was $43.286 million compared to $41.934 million a year ago, a decrease as a result of the low interest rate environment. Net interest income after provision for credit losses was $40.014 million compared to $32.303 million a year ago. Income before provision for income taxes was $16.030 million compared to $12.577 million a year ago. Net income was $12.650 million or $0.46 per basic and diluted share compared to $10.637 million or $0.40 per basic and diluted share a year ago. Net income increased for the quarter primarily due to a $6.4 million decrease in the provision for credit losses as a result of improved credit quality, and a $1.3 million increase in net interest income from increased average assets due to organic loan growth in 2012 and the acquisition of Fidelity. Return on average assets was 0.87% compared to 0.77% a year ago. Return on average equity was 7.36% compared to 6.61% a year ago. Return on average tangible equity was 13.16% compared to 12.31% a year ago.

For the year, the company reported total interest and dividend income of $211.686 million compared to $224.167 million a year ago. Net interest income was $168.351 million compared to $169.365 million a year ago. Net interest income after provision for credit losses was $148.477 million compared to $134.054 million a year ago. Income before provision for income taxes was $63.132 million compared to $53.647 million a year ago. Net income was $49.544 million or $1.84 per basic and diluted share compared to $43.809 million or $1.65 per basic and diluted share a year ago. Book value was $24.45 compared to $23.80 a year ago. Tangible book value was $13.34 compared to $13.17 a year ago. Return on average assets was 0.88% compared to 0.81% a year ago. Return on average equity was 7.54% compared to 7.01% a year ago. Return on average tangible equity was 13.68% compared to 13.32% a year ago. Tangible book value per share as at December 31, 2012 was $13.34 compared to $13.17 a year ago.