Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Q1 2020 Earnings Presentation
13 slides from Wesbanco's earnings presentation, Apr 27, 2020
Slide 1: First Quarter 2020 Earnings Conference Call
28 April 2020 First Quarter 2020 Earnings Conference Call
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-looking statements in this report 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 A
Slide 3: Customers, Communities, and Employees First
Customers, Communities, and Employees First Cross-functional team focused on the safety of our customers, communities, and employees Proactive credit risk management 90+% of non-customer facing employees are working remote Temporarily limiting most financial center locations to drive-up and ATM serv
Slide 4: Customer Support Efforts
>1,200 consumer customers helped $137 million residential mortgage loans $28 million consumer and HELOC loans >2,300 loans approved by the SBA $570 million loan funding 68% loans below $150,000 Customer Support Efforts Consumer Customers Commercial Customers SBA’s Paycheck Protection Program Note: d
Slide 5: Financial and Operational Highlights
Financial and Operational Highlights Note: financial and operational highlights during the quarter ended March 31, 2020; OLBK = Old Line Bancshares, Inc. (1) Non-GAAP measure – please see reconciliation in appendix WesBanco remains a well-capitalized financial institution with solid liquidity and st
Slide 6: Strong Legacy of Credit Quality
Non-Performing Assets as% of Total Assets Net Charge-Offs as % of Average Loans (annualized) Loan Loss Allowance as % of Total Loans Criticized & Classified as % of Total Loans Favorable asset quality measures compared to all U.S. banks with total assets from $10B to 25B Strong Legacy of Credit Qual
Slide 7: CECL Adjustments to Allowance for Credit Losses
CECL Adjustments to Allowance for Credit Losses The current expected credit loss (“CECL”) model became effective for WesBanco on January 1, 2020, which resulted in the significant increases in both allowance for credit losses and provision for credit losses Allowance coverage ratio of 1.10% Excludes
Slide 8: Selected Commercial Loan Portfolio Details
Selected Commercial Loan Portfolio Details Hotel Portfolio Retail & Restaurant Portfolio Energy Portfolio ~205 loans with $760MM of total exposure 17% in shale gas markets LTV = 58.2%; DSC = 1.54x Loan size No loan >$25MM 36% less than $1MM 36% between $1-5MM 21% between $5-10MM Hotel type 74% limit
Slide 9: Strong Capital Position
Strong Capital Position Strong regulatory capital ratios significantly above both regulatory requirements and well-capitalized levels; and, higher tangible equity levels Note: financial data as of quarter ending 12/31; current year data as of 3/31/2020 (1) Non-GAAP measure – please see reconciliatio
Slide 10: Appendix
150 WesBanco Appendix Eg
Slide 11: Reconciliation: Net Income and EPS (Diluted)
Reconciliation: Net Income and EPS (Diluted) Note: Old Line Bancshares merger closed November 2019
Slide 12: Reconciliation: Efficiency Ratio
Reconciliation: Efficiency Ratio Note: “efficiency ratio” is non-interest expense excluding restructuring and merger-related expense divided by total income; FTE represents fully taxable equivalent; Old Line Bancshares merger closed November 2019
Slide 13: Reconciliation: Tangible Equity to Tangible Assets
Reconciliation: Tangible Equity to Tangible Assets Note: Old Line Bancshares merger closed November 2019; Farmers Capital Bank Corporation merger closed August 2018; First Sentry Bancshares merger closed April 2018; Your Community Bankshares merger closed September 2016; ESB Financial merger closed