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WesBanco Revises Q2 Results Lower

WHEELING, W.Va. (AP) ¿WesBanco Inc. says its second-quarter profit fell more than originally reported because of a soured real estate loan.

In a regulatory filing Tuesday, the Wheeling-based company says net income available to common shareholders totaled $4.7 million, or 18 cents per share, in the quarter. WesBanco had reported net income totaled $6.38 million, or 24 cents per share, in July.

The company says it increased two provisions for bad loans by $2 million apiece after reporting its second-quarter numbers because the value of a hotel used as collateral for the loan had declined more than expected.

WesBanco operates in West Virginia, Ohio and Pennsylvania.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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