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.