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WesBanco projects $12M-$15M DTA writedown

WesBanco Inc. expects a $12 million to $15 million writedown of its net deferred tax assets in the fourth quarter.

The estimated reduction is based on the new corporate tax rate and the Wheeling, W.Va.-based company's net deferred tax asset balance of $47.1 million as of Sept. 30. WesBanco expects to still be in a net deferred tax asset position as of Dec. 31.