Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2005)
33 slides from Wesbanco's shareholder meeting presentation, Apr 20, 2005
Slide 1: WesBanco, Inc. Annual Meeting of the Shareholders
WESBANCO, INC. ANNUAL MEETING OF THE SHAREHOLDERS APRIL 20, 2005
Slide 2: Forward Looking Disclosures
FORWARD LOOKING DISCLOSURES 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 informati
Slide 3: Thank You
THANK YOU A “Thank You” goes out to the Board of Directors, Management and Employees for their hard work, diligence and perseverance in making 2004 a successful year for WesBanco and to the Shareholders for your continued support.
Slide 4: Your Company
YOUR COMPANY* ¾ Now has $4.6 billion in assets. ¾ Now serves approximately: 172,000 deposit & 49,000 loan customers. ¾ Now has 85 offices, 2 lending offices, & 129 ATM’s. ¾ $2.6 billion in trust assets. *As of 3/31/2005
Slide 5: 2004 Year in Review
2004 YEAR IN REVIEW April – announced the Western Ohio acquisition.
Slide 6: 2004 Year in Review
2004 YEAR IN REVIEW July – Trinity Point branch opened in Washington, PA
Slide 7: 2004 Year in Review
2004 YEAR IN REVIEW August – announced the Winton acquisition.
Slide 8: 2004 Year in Review
2004 YEAR IN REVIEW September – construction begins on the new Kingwood branch office.
Slide 9: 2004 Year in Review
2004 YEAR IN REVIEW September – flood ravages WesBanco’s market areas. New Martinsville, WV Marietta, OH
Slide 10: 2004 Year in Review
2004 YEAR IN REVIEW September – flood ravages WesBanco’s market areas. Elm Grove, WV
Slide 11: 2004 Year in Review
2004 YEAR IN REVIEW November – Dennis Powell becomes EVP & Chief Operating Officer.
Slide 12: 2004 Results
2004 RESULTS YEAR YEAR (net income in thousands) 12/31/2004 12/31/2003 % CHG Net income $38,182 $36,130 5.7% EPS - diluted $1.90 $1.80 5.6% Return on assets 1.07% 1.08% -0.9% Return on equity 11.37% 11.38% -0.1%
Slide 13: 2005 Events
2005 EVENTS ¾ January – completed the Winton acquisition. ¾February – dividend increased 4.0 % to $1.04 per share. ¾ March – authorized new 1 million share repurchase plan.
Slide 14: 1st Quarter 2005
1 QUARTER 2005 ST QUARTER QUARTER ENDED ENDED (net income in thousands) 3/31/2005 3/31/2004 % CHG Net income $11,080 $9,759 13.5% EPS - diluted $0.48 $0.49 -2.0% Return on assets 0.99% 1.16% -14.7% Return on equity 10.42% 12.23% -14.8%
Slide 15: Delinquency Levels vs. Portfolio Growth
DELINQUENCY LEVELS vs. PORTFOLIO GROWTH TOTAL PORTFOLIO LOANS TOTAL LOANS PAST DUE 30,60, 90+ $2,958,094 $38,654 $2,485,366 $1,931,797 $28,231 $28,806 $1,816,161 25 $23,042 .5 In thousands In thousands % ase De c re cr In ea 9 % se 2 . 6 '02 '03 '04 3/31/2005 '02 '03 '04 3/31/2005
Slide 16: Net Charge Off Ratio
NET CHARGE OFF RATIO In thousands $3,500 NET CHARGE-OFFS TO AVERAGE LOANS 0.60% $3,000 0.50% 0.46% $2,500 0.31% 0.40% $2,000 $1,500 0.14% 0.20% $1,000 $500 $0 0.00% 2002 2003 2004 3/31/2005 Total average loans Net charge-off percent
Slide 17: New Branch Look
Wespaeo NEW BRANCH LOOK www.wesbanco.com
Slide 18: Barnesville Branch
BARNESVILLE BRANCH New branch set for 2006 opening
Slide 19: Small enough to listen.
Small enough tolisten. Ww Mespanco
Slide 20: Checking Promotion
WesBanco CHECKING PROMOTION i) Free Checking. i No Strings. W WesBanco Bank, Inc. is a Member FDIC Free On-Line Bill Pay +» 650 Free ATMs «+ Free Debit Card
Slide 21: WesBanco Arena
WESBANCO ARENA
Slide 22: 2005 Focus
2005 FOCUS Continue integration of Springfield & Cincinnati regions. Loan growth in the commercial and retail mortgage categories. Deposit growth strategy.
Slide 23: 2005 Focus
2005 FOCUS Remain focused on continued improvement in credit quality. Review expenses to improve efficiencies and lower operating costs. Continue to remain acquisition- focused.
Slide 24: Recent Acquisition History
RECENT ACQUISITION HISTORY 2 major acquisitions in the last year, Adding approx. $1.0 billion in assets, 14 branch offices and 2 LPO’s Western Ohio Financial Corporation - August 2004 $400 million in assets, 7 branches New markets - Springfield and Dayton, OH Winton Financial Corporation - January 2
Slide 25: WesBanco Market Demographics
WESBANCO MARKET DEMOGRAPHICS* NEW MARKETS NEW MONTGOMERY, MARKET CLARK & GREENE HAMILTON WEST COUNTIES COUNTY VIRGINIA Dayton/Springfield, OH Cincinnati, OH Total Population * 1,808,344 851,690 845,303 (1) Median Income * $29,696 $41,663 $40,964 (1) Per Capita Income * $16,477 $21,590 $24,053 (2) Ma
Slide 26: Franchise Expansion
WesBao FRANCHISE EXPANSION www.wesbanco.com ‘Port tland | ‘Celina poem y Ee ve Millersburg AR ‘Plun = ‘Mo fr New Owe, a Bellefontaine |MounfVeron, |. Philadelpia. > AN 5 Monipe PSidney Na Af eet * VC) oe a 60)_cate Sa: Ho iWinghester } 4 Coshocton Se \ gg Pine. Urbana” (33) a ile gb 1 feem ne | . k
Slide 27: Loans & Deposits by State
LOANS & DEPOSITS BY STATE (in millions) LOANS DEPOSITS WEST VIRGINIA $1,446 $1,939 NON-WEST VIRGINIA $1,517 $1,131 LOANS 3/31/2005 DEPOSITS 3/31/2005 NON NON WV WV WV 51% WV 37% 49% 63%
Slide 28: Earnings Per Share
EARNINGS PER SHARE $1.90 $1.80 $1.70 $1.60 $1.41 004 to 2 99 9 m 1 fr o 6 .8 % GR C A 2000 2001 2002 2003 2004
Slide 29: Dividends Per Share
DIVIDENDS PER SHARE ¾20 consecutive years $1.04 of dividend increases ¾Dividend yield $1.00 approximating 4.1% $0.96 $0.94 $0.92 $0.90 $0.88 1999 2000 2001 2002 2003 2004 2005 * Annualized * Reflects 2/24/2005 dividend rate increase announcement.
Slide 30: Return to Shareholders
RETURN TO SHAREHOLDERS In thousands $60,000 $247.5 million in dividends and stock repurchases returned to $50,000 shareholders from 1999 to present $40,000 $37,011 $28,367 $30,000 $19,957 $17,856 $14,975 $2,739 $20,000 $10,000 $18,890 $19,278 $19,792 $11,812 $17,752 $17,167 $16,737 $5,208 $0 1999 20
Slide 31: Stock Performance
STOCK PERFORMANCE* 450% WSBC + 408% 350% 250% S&P + 351% 150% 50% -50% '77 '81 '85 '89 '93 '97 '01 3/31/05 WesBanco S & P * Total return assumes dividends are not reinvested 500
Slide 32: Reasons to Continue Your Investment in WesBanco
REASONS TO CONTINUE YOUR INVESTMENT IN WESBANCO ¾ Consistent growth in earnings per share. ¾ Above average dividend yield: 4.1%. ¾ Acquisition-focused. ¾ Improving demographics & new markets. ¾ Improving credit quality. ¾ Strong long-term stock performance. (1) Annualized dividend rate of $1.04 per
Slide 33: Questions?
QUESTIONS ?