WesBanco Inc. announced earnings of $12.9 million for the three-month period that ended Sept. 30, up from $11 million in the same period a year ago.
For the nine months that ended Sept. 30, the company said it earned $36.9 million, up from $33.2 million in the same period a year ago.
Paul Limbert, WesBanco's president and chief executive officer, said the company's loan portfolio grew in the recently ended period and the cost of funds declined. Credit quality also improved, he said.
WesBanco is in the process of acquiring Fidelity Bancorp Inc., which has 13 offices in the Pittsburgh area, in a transaction valued at $70.8 million.
WesBanco is headquartered in Wheeling. It is the third-largest bank in West Virginia when measured by deposits. The company has $5.6 billion in assets and operates a total of 112 offices in West Virginia, Ohio and Pennsylvania.