WesBanco Inc. announced a quarterly cash dividend to be paid to its shareholders of $0.19 per common share. This dividend would be payable on July 1, 2013 to shareholders of record on June 14, 2013. The cash dividend represents an annualized cash dividend of $0.76 per common share.

WesBanco Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest and dividend income of $54,892,000 against $53,680,000 for the same period last year. Net interest income was $46,128,000 against $41,830,000 for the same period last year. This increase was due to an 8.4% increase in average earning assets, primarily through increased average loan balances. Increase in net interest income was due in part to the Fidelity acquisition, 4.9% of organic loan growth over the past year, plus a higher net interest margin which increased 7 basis points from 3.57% last year to 3.64% for the first quarter, yields were somewhat enhanced by Fidelity’s acquired net assets and the related purchase accounting accretion on loans, deposits and borrowings, totaling $1.8 million for the first quarter, and of that about $440,000 from loan prepayments that are not expected to be experienced at the same rate in future quarters. Income before provision for income taxes was $20,775,000 against $15,285,000 for the same period last year. Net income was $16,021,000 or $0.55 per basic and diluted share against $11,990,000 or $0.45 per basic and diluted share for the same period last year. Book value per share as at March 31, 2013 was $24.80 against $24.11 as at March 31, 2012. Tangible book value as at March 31, 2012 was $13.74 against $13.50 as at March 31, 2011. Return on average assets was 1.07% against 0.87% for the same period last year. Return on average equity was 9.00% against 7.54% for the same period last year. Return on average tangible equity was 16.72% against 13.93% for the same period last year. Net charge-offs for the first quarter of 2013 were $3.0 million, or 0.34% of average portfolio loans, and represented the lowest charge-off level in over three years. Net charge-offs were $6.6 million or 0.82% for the first quarter of 2012.

The term as a member of the WesBanco Inc. Board of Directors for Mr. Neil S. Strawser, age 70, has expired as of the annual meeting of stockholders held on April 17, 2013. Mr. Strawser is retiring from the board because he is not eligible under the Corporation's Bylaws to stand for re-election due to the age 70 limitation as of the date of re-election, and not as a result of any disagreement with the company.