Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2016)
23 slides from Wesbanco's shareholder meeting presentation, Apr 20, 2016
Slide 1: Annual Shareholders Meeting, Oglebay Park, Wheeling, WV
2 0 A p r i l 2 0 1 6 A n n u a l S h a r e h o l d e r s M e e t i n g O g l e b a y P a r k , W h e e l i n g , W V
Slide 2: Forward-Looking Statements
F o r w a r d - l o o k i n g s t a t e m e n t s i n t h i s r e p o r t r e l a t i n g t o W e s B a n c o ’ s p l a n s , s t r a t e g i e s , o b j e c t i v e s , e x p e c t a t i o n s , i n t e n t i o n s a n d a d e q u a c y o f r e s o u r c e s , a r e m a d e p u r s u a n t t o t h
Slide 3: James C. Gardill, Chairman of the Board
J a m e s C . G a r d i l l C h a i r m a n o f t h e B o a r d
Slide 4: 2015 in Review: Operational Highlights
2015 in Review: Operational Highlights > Grew to $8.5 billion in total assets with completion of our largest acquisition to-date — ESB Financial Corporation > Strong expense management delivered positive operating leverage and continued improvement in efficiency ratio > Generated solid returns on av
Slide 5: 2015 in Review: Operational Highlights
* 2 0 1 5 i n R e v i e w : O p e r a t i o n a l H i g h l i g h t s G r e w t o $ 8 . 5 b i l l i o n i n t o t a l a s s e t s w i t h c o m p l e t i o n o f o u r l a r g e s t a c q u i s i t i o n t o - d a t e – E S B F i n a n c i a l C o r p o r a t i o n S t r o n g e x p e n s e m a n a
Slide 6: Experienced and Stable Management Team
E x e c u t i v e P o s i t i o n Y e a r s i n B a n k i n g Y e a r s a t W S B C J a m e s G a r d i l l C h a i r m a n o f t h e B o a r d 4 4 * 4 4 T o d d C l o s s i n P r e s i d e n t & C h i e f E x e c u t i v e O f f i c e r 3 2 3 R o b e r t Y o u n g E V P & C h i e f F i n a n c i a
Slide 7: Bank Centers
* 1 4 1 B a n k i n g C e n t e r s
Slide 8: Balance Sheet Growth: Assets, Deposits, Capital
* B a l a n c e S h e e t G r o w t h : A s s e t s , D e p o s i t s , C a p i t a l N o t e : f i n a n c i a l d a t a a s o f p e r i o d s e n d i n g 1 2 / 3 1 ; r e f l e c t s F i d e l i t y B a n c o r p m e r g e r ( N o v - 2 0 1 2 ) a n d E S B F i n a n c i a l m e r g e r ( F e b - 2
Slide 9: Fee-Based Services
* F e e - B a s e d S e r v i c e s S o l i d , a n d g r o w i n g , n o n - i n t e r e s t i n c o m e g e n e r a t i o n E s t a b l i s h e d w e a l t h m a n a g e m e n t , i n s u r a n c e , a n d p r i v a t e b a n k i n g s e r v i c e s a r e k e y s t o f e e i n c o m e s t r a t e
Slide 10: Historical Growth – Setting the Stage for the Future
* H i s t o r i c a l G r o w t h – S e t t i n g t h e S t a g e f o r t h e F u t u r e O h i o M a r k e t 1 9 9 2 : e n t e r e d O h i o w i t h a c q u i s i t i o n o f F i r s t N a t i o n a l B a n k o f B a r n e s v i l l e 2 0 0 2 : e n t e r e d C o l u m b u s m a r k e t w i t h a c
Slide 11: Market Expansion – Population Growth
* M a r k e t E x p a n s i o n – P o p u l a t i o n G r o w t h 2 0 1 2 - 2 0 1 5 2 0 0 2 - 2 0 0 9 1 8 7 0 - 2 0 0 2 S o u r c e : S N L F i n a n c i a l
Slide 12: Market Expansion – Median Net Worth
2 0 1 2 - 2 0 1 5 2 0 0 2 - 2 0 0 9 1 8 7 0 - 2 0 0 2 * M a r k e t E x p a n s i o n – M e d i a n N e t W o r t h S o u r c e : S N L F i n a n c i a l
Slide 13: Stock Performance: Long-Term Cumulative Return
S t o c k P e r f o r m a n c e : L o n g - T e r m C u m u l a t i v e R e t u r n * N o t e : c u m u l a t i v e r e t u r n s i n c e W S B C I P O c o m p a r e d t o t h e c u m u l a t i v e r e t u r n f o r t h e S & P 5 0 0 I n d e x o v e r t h e s a m e t i m e p e r i o d
Slide 14: Todd F. Clossin, President and Chief Executive Officer
wy WY WesBanco By all accounts, better. Todd F. Clossin President and Chief Executive Officer
Slide 15: Talent from ESB Financial Merger
T o d d F . C l o s s i n P r e s i d e n t a n d C h i e f E x e c u t i v e O f f i c e r * T a l e n t f r o m E S B F i n a n c i a l M e r g e r E x p a n d e d t h e t a l e n t b a s e o f t h e c o m b i n e d c o m p a n y D a n S w a r t z V i c e P r e s i d e n t & R e g i o n a l M a r
Slide 16: Talent from Previous Mergers
* T a l e n t f r o m P r e v i o u s M e r g e r s A m e r i c a n B a n c o r p o r a t i o n ( W V ) B r e n t R i c h m o n d , E x e c u t i v e V i c e P r e s i d e n t , T r e a s u r y & S t r a t e g i c P l a n n i n g M a r k K r u p i n s k i , S e n i o r V i c e P r e s i d e n t & C
Slide 17: Challenges
* 2 0 1 6 C h a l l e n g e s G l o b a l g r o w t h c o n c e r n s d u e t o l o w e r o i l p r i c e s a n d a n e c o n o m i c s l o w d o w n i n m a n y p a r t s o f t h e w o r l d T i m i n g a n d p a c e o f f u t u r e F e d e r a l R e s e r v e i n t e r e s t r a t e i n c r e a s
Slide 18: Business Plan and Initiatives
* 2 0 1 6 B u s i n e s s P l a n a n d I n i t i a t i v e s I m p r o v i n g f i n a n c i a l p e r f o r m a n c e w i t h o u t t a k i n g s i g n i f i c a n t a d d i t i o n a l r i s k A n t i c i p a t i n g m i d - s i n g l e d i g i t o v e r a l l l o a n g r o w t h M a i n t a i n
Slide 19: Key Differentiators
* K e y D i f f e r e n t i a t o r s G r o w i n g f i n a n c i a l s e r v i c e s c o m p a n y w i t h a c o m m u n i t y b a n k a t i t s c o r e D i v e r s i f i e d r e v e n u e g r o w t h e n g i n e s w i t h a c r i t i c a l f o c u s o n c r e d i t q u a l i t y W e l l - b a l a
Slide 20: Return Value to Shareholders
R e t u r n i n g V a l u e t o S h a r e h o l d e r s S i n c e 2 0 1 0 , d i v i d e n d h a s i n c r e a s e d 7 1 % 4 Q 1 5 d i v i d e n d p a y o u t r a t i o 3 8 . 3 % , c o m p a r e d t o 3 3 . 7 % f o r S N L $ 5 - 1 0 B b a n k p e e r g r o u p 4 Q 1 5 d i v i d e n d y i e l d 3 . 2
Slide 21: Investment Rationale
W e l l - p o s i t i o n e d f o r c o n t i n u e d , h i g h - q u a l i t y g r o w t h w i t h s t r o n g u p s i d e m a r k e t a p p r e c i a t i o n p o t e n t i a l * I n v e s t m e n t R a t i o n a l e D i v e r s i f i e d a n d w e l l - b a l a n c e d f i n a n c i a l s e r v i
Slide 22: Stock Performance: Long-Term Cumulative Return
S t o c k P e r f o r m a n c e : L o n g - T e r m C u m u l a t i v e R e t u r n * N o t e : c u m u l a t i v e r e t u r n s i n c e W S B C I P O c o m p a r e d t o t h e c u m u l a t i v e r e t u r n f o r t h e S & P 5 0 0 I n d e x o v e r t h e s a m e t i m e p e r i o d
Slide 23: Annual Shareholders Meeting, Oglebay Park, Wheeling, WV
2 0 A p r i l 2 0 1 6 A n n u a l S h a r e h o l d e r s M e e t i n g O g l e b a y P a r k , W h e e l i n g , W V