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WESBANCO REPORTS FIRST QUARTER EARNINGS

 WHEELING, W.Va., April 21 /PRNewswire/ -- WesBanco, Inc. (NASDAQ: WSBC), a multi-bank holding company headquartered in Wheeling, has reported net income of $3,635,000 or $.55 per share for the three-month period ending March 31, 1993, reflecting an increase of 5.1 percent.
 This compares to net income of $3,458,000 or $.52 per share for the three-month period ending March 31, 1992, excluding the effect of an accounting change taken during 1992 as a result of the early adoption of Financial Accounting Standard No. 106, "Employers Accounting for Post-retirement Benefits Other Than Pensions." The 1992 accounting change required a one-time non-cash charge totaling $592,000 or $.09 per share, reducing net income to $2,866,000 or $.43 per share for the three months ending March 31, 1992. Per share amounts have been adjusted for the two-for-one stock split approved by the WesBanco shareholders on April 21, 1993.
 Assets of WesBanco on March 31, 1993, were $1,018,908,000, total deposits were $842,967,000, and shareholders' equity increased to $118,931,000.
 For the three-month period ending March 31, 1993, WesBanco's earnings performance reflects a return on average assets of 1.4 percent and a return on average equity of 12.3 percent. Average assets and return on average equity for the period ending March 31, 1992, were 1.4 percent and 12.5 percent, respectively, excluding the effect of the accounting change taken during 1992.
 WesBanco, Inc. is the parent company of WesBanco Wheeling and WesBanco Elm Grove of Wheeling; WesBanco New Martinsville, New Martinsville, W.Va.; WesBanco Sistersville, Sistersville, W.Va.; WesBanco Wellsburg, Wellsburg, W.Va.; WesBanco Elizabeth, Elizabeth, W.Va.; WesBanco South Hills, Charleston, W.Va.; WesBanco Sissonville, Sissonville, W.Va.; WesBanco Parkersburg, Parkersburg, W.Va.; WesBanco Kingwood, Kingwood, W.Va.; and WesBanco Barnesville, Barnesville, Ohio.
 WesBanco, Inc. stock is traded on the National Association of Securities Dealers Quotation System (NASDAQ) under quotation symbol "WSBC."
 -0- 4/21/93
 /CONTACT: Edward M. George of WesBanco, Inc., 304-234-9208/
 (WSBC)


CO: WesBanco, Inc. ST: West Virginia, Ohio IN: FIN SU: ERN

KC-MS -- PG020 -- 8773 04/21/93 13:01 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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