Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — Shareholder Meeting (April 2015)

25 slides from Wesbanco's shareholder meeting presentation, Apr 14, 2015

  1. Slide 1: WesBanco, Inc. Annual Shareholders Meeting

    WesBanco, Inc. Annual Shareholders Meeting April 15, 2015

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Forward-looking statements in this presentation relating to WesBanco’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The informatio

  3. Slide 3: 2014 Year in Review

    2014 Year in Review  Continued growth in earnings and shareholder return.  Earnings per share grew by 10%.  Total shareholder return of 11.5%.  Increased dividends to shareholders 8 times in the last 17 quarters representing a 64% increase.  Continued growth in loans and deposits.  Strong dive

  4. Slide 4: 2014 Year in Review (cont.)

    2014 Year in Review (cont.)  Maintained strong capital position, considered “Well capitalized” under regulatory guidelines.  Completed merger with ESB.  Opened 2 new branches in 2014:  Columbus, OH market (Clintonville)  Pittsburgh, PA market (Southpointe)  Forbes 2014 Best Banks in America (N

  5. Slide 5: Banking Offices

    Banking Offices indiana WesBancolinc. 120 Branches f @ ESB Financial {ars} Corp. , a 23 Branches ras Guyan Terrace” \ Pikeville” 2 (we Ls) _tymehbur BS «se slat Souty Cac ~*~ aa t $ S at oe © 2015 Novia © 2014 Micosoh Coeporaton ne nN : By all accounts, better.

  6. Slide 6: Executive Management

    Years in Years with Executive Position Banking WSBC James Gardill Chairman of the Board 43* 43 Todd Clossin President & CEO 31 2 Robert Young EVP & CFO 29 14 Peter Jaworski EVP & Chief Credit Officer 31 20 Jonathan Dargusch EVP – Trust & Investments 34 5 Jay Zatta EVP – Chief Lending Officer 29 7 Be

  7. Slide 7: Loan, Deposit and Capital Growth

    $ 950 850 750 650 550 450 350 250 150 50 (50) 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 4Q'14 Loan Growth Deposit Growth Capital Growth 11/30/12 acquisition of Fidelity Bancorp. 7 11/30/12 acquisition of Fidelity Bancorp. 7

  8. Slide 8: Wealth Management Services

    Wealth Management Services Assets Under Management ($B) Management Fees ($MM) Net Securities Brokerage Revenue ($MM) $21.1 $19.6 $17.2 $18.0 $15.8 $3.7 $3.8 $3.2 $2.9 $3.0 $6.9 $6.2 $4.6 $4.4 $4.6 2010 2011 2012 2013 2014 8

  9. Slide 9: ESB Financial Corporation Acquisition

    ESB Financial Corporation Acquisition  Completed February 2015.  Strategic continued expansion into Pittsburgh market – Top 10 player in Pittsburgh MSA (1).  Sizable franchise with desirable branch locations with similar disciplined risk culture and customer focus.  Compelling financial results.

  10. Slide 10: Our Roadmap

    Our Roadmap  Manage for the long-term success of WesBanco, its shareholders, employees and customers.  Improve financial performance, without taking significant additional risk.  Maintain pricing discipline.  Provide exceptional service to capture more customer relationships.  Execute efficient

  11. Slide 11: Investment Rationale

    Investment Rationale  Located in three strong urban markets which will enable organic loan and deposit growth.  Organic growth from Marcellus/Utica opportunities.  Liquidity to provide for additional lending capacity. 11

  12. Slide 12: Investment Rationale (cont.)

    Investment Rationale (cont.)  Asset quality compares favorably with regional and national peers.  Diversity of earnings stream.  Strong regulatory capital.  Proven acquisition-oriented growth strategy. 12

  13. Slide 13: Stock Performance – Long-term Cumulative Return

    Stock Performance – Long-term Cumulative Return 600% 500% 400% 300% 200% 100% 0% -100% '77'78'79'80'81'82'83'84'85'86'87'88'89'90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14 WesBanco S & P 500 13

  14. Slide 14: Challenges for 2015

    Challenges for 2015  Continued low interest rates with flat curve monetary policies.  Margin compression  Deteriorating competitor lending structure standards.  Endless regulatory requirements from multiple agencies.  Expense to lengthen term of deposit base.  Increased pension expense. 14

  15. Slide 15: Challenges for 2015 (cont.)

    Challenges for 2015 (cont.)  Potential deposit loss if rates rise.  Impact of low oil price on shale drilling.  Execution risk of ESB merger / reduced asset sensitivity. 15

  16. Slide 16: 2015 Initiatives

    2015 Initiatives  Assimilate ESB into WesBanco:  Complete conversion on time.  Provide seamless integration of customers into WesBanco.  Expand ESB title insurance and municipal business across our footprint.  Expand licensed banker and wealth management businesses to ESB market.  Integrate ne

  17. Slide 17: 2015 Initiatives (cont.)

    2015 Initiatives (cont.)  Balance Sheet Management:  Continue to diversify loan mix (product & geography).  Reduce size of investment portfolio post-ESB (target 25%).  Evaluate balance sheet interest rate strategies (assets and deposits).  Deliver loan products through the most cost effective d

  18. Slide 18: 2015 Initiatives (cont.)

    2015 Initiatives (cont.)  Grow & Diversify Non-Credit Revenue Streams:  Increased debit card revenue through instant issue debit card machines in branches.  Additional investment of licensed bankers in our branches.  Expanded money management opportunities in shale- related areas and large marke

  19. Slide 19: 2015 Initiatives (cont.)

    2015 Initiatives (cont.)  Talent Development:  Attract, retain and develop talent across our markets.  Leadership training (cascade down over time).  Development plans for key leaders.  Succession planning for mission critical positions. 19

  20. Slide 20: 2015 Initiatives (cont.)

    2015 Initiatives (cont.)  Risk Management:  Enhance our stress testing capabilities.  Continued evolution of our project management function.  Continue to build our Enterprise Risk Management, Compliance, and BSA/AML capabilities.  Expense Control:  Balance need for investment in people/techno

  21. Slide 21: 2015 Initiatives (cont.)

    2015 Initiatives (cont.)  M & A Opportunities:  Monitor opportunities for selective acquisitions in our existing footprint and in urban markets contiguous to our footprint.  Five hour drive time from Wheeling. 21

  22. Slide 22: Operating Philosophy

    Operating Philosophy  Connect our three-year Strategic Plan to the tactical execution of activities through the use of strong processes.  Project Management (governance / communication – company-wide).  Eight blocker report (best practice sharing / accountability).  Market visits (listen and lea

  23. Slide 23: Communication Philosophy

    Communication Philosophy  Quarterly all employee video calls (1,700 employees).  Management Committee (staff functions and market leadership).  Bi-annual market visits (business plan roll-out and SWOT analysis).  Listening sessions (two-way communication, skip level meetings). 23

  24. Slide 24: Stock Performance – Long-term Cumulative Return

    Stock Performance – Long-term Cumulative Return 600% 500% 400% 300% 200% 100% 0% -100% '77'78'79'80'81'82'83'84'85'86'87'88'89'90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14 WesBanco S & P 500 24

  25. Slide 25: Questions?

    Questions? Annual Shareholders Meeting April 15, 2015

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