Good morning, and welcome to the WesBanco Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to John Iannone, Senior Vice President, Investor Relations. Please go ahead.
John Iannone
Senior Vice President of Investor Relations
Thank you, Ilee. Good morning, and welcome to WesBanco Inc s fourth quarter 2020 earnings conference call. Leading the call today are Todd Clossin, President and Chief Executive Officer; and Bob Young, Senior Executive Vice President and Chief Financial Officer.
Today s call, an archive of which will be available on our website for one year contains forward-looking information. Cautionary statements about this information and reconciliations of non-GAAP measures are included in our earnings-related materials issued yesterday afternoon, as well as our other SEC filings and investor materials. These materials are available on the Investor Relations section of our website wesbanco.com. All st
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WesBanco Announces Fourth Quarter 2020 Financial Results
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WHEELING, W.Va., Jan. 26, 2021 /PRNewswire/ WesBanco, Inc. ( WesBanco ) (NASDAQ: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and twelve months ended December 31, 2020. Net income available to common shareholders for the three months ended December 31, 2020 was $50.2 million, with 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. For the twelve months ended December 31, 2020, reflecting the impact from the 2020 adoption of the new Current Expected Credit Losses ( CECL ) accounting standard, net income available to common shareholders was $119.4 million, or $1.77 per diluted share, compared to $158.9 million, or $2.83 per diluted share, for the 2019 period. Net income available to common shareho
A view of downtown Plymouth. Photo: Indy beetle/Creative Commons
Former Duck town manager Chris Layton worked his first day Tuesday as Plymouth’s interim town manager, a job that has seen its share of turnover.
Layton, who was Duck town manager for nearly 20 years, is filling the role vacated Jan. 15 by interim manager Arlene Willis. The town council, during its Jan. 11 regular meeting, voted unanimously in favor of Layton taking the position, which he accepted at that time and agreed to the terms. He officially began the position at 5 p.m. Jan. 15.
“I appreciate the opportunity,” Layton said during the meeting.