Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2004)
33 slides from Wesbanco's shareholder meeting presentation, Apr 22, 2004
Slide 1: 2004 Annual Shareholders Meeting
2004 ANNUAL SHAREHOLDERS MEETING APRIL 21, 2004
Slide 2: Forward Looking Disclosure
WAY Forward LOOKING DISCLOSURE 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 inform
Slide 3: WesBanco at a glance
Aa MELISS) 1S m® $3.4 billion in total assets im 72 Offices, 106 ATM’s im» 52% asset growth - last 5 years > 3 acquisitions - last 5 years * As of 12/31/2003
Slide 4: Market Share
WY Ss MARKET SHARE im» Ranked No. 3 in WV > 75% Of deposits in counties where WesBanco is ranked in the top 3 in market share
Slide 5: Market Share: Key Market Areas and Rank
g MARKET SHARE Key Market Areas and Rank : * Wheeling, WV Ist Steubenville, OH-Weirton, WV 2nd Parkersburg, WV-Marietta,OH 3rd Morgantown, WV 3rd Fairmont, WV 3rd Charleston, WV 8th * Data as of 6/30/2003
Slide 6: Total Assets
WW TOTAL ASSETS * *In millions $3,445 $2,270 '99 00 ‘o1 02 03 Compound annual growth rate from 1999 to 2003 11.0%
Slide 7: Total Loans
WW TOTAL LOANS * * In millions $1,907 $1,504 199. '00 ‘01 '02 '03 Compound annual growth rate from 1999 to 2003 6.1%
Slide 8: Total Loans
WW TOTAL LOANS * * In millions $1,907 $1,504 199. '00 ‘01 '02 '03 Compound annual growth rate from 1999 to 2003 6.1%
Slide 9: Asset Quality: Non-Performing Assets to Total Assets
W 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% ASSET QUALITY NON-PERFORMING ASSETS TO TOTAL ASSETS 99 ‘00 ‘OI 02 03 -@ WesBanco —&- Peer Group * * Based on 9/30/2003 SNL Securities Report
Slide 10: Trust & Investment Services
VAY TRUST & INVESTMENT SERVICES” » $2.8 Billion in managed assets om WesMark Growth Fund return for 2003 was 35.39% vs. 28.68% for the S&P 500 om WesMark Growth Fund 5-year return was 8.90% vs. -2.83 for the S&P 500 om WesMark Growth Fund ranked #1 by Lipper
Slide 11: WesMark Growth Fund Performance
WesMark Growth Fund Performance” WesMark Growth Fund Performance Chart $24,000 —- $22,000 + $20,000 ~- $18,000 —- $16,000 +- Ending Values $14,000 + ES 2 RS x ws ee on? AO AS AS RS We De ae ag Year End Dates —HI— WesMark Growth Fund — No Sales Charge —@— WesMark Growth Fund — Maximum Sales Charge -
Slide 12: WesBanco Arena 10-Year Naming Agreement
WAY WESBANCO ARENA 10-Year Naming Agreement
Slide 13: Small enough to listen
Small enoughtolisten, Wy Wesbanco
Slide 14: Community Reinvestment
WY COMMUNITY REINVESTMENT om “OUTSTANDING’ Rating awarded for 2002-2003 by the Federal Reserve Bank of Cleveland ® Highest rating available » Only 10% of banks nationwide received this rating in 2002-2003
Slide 15: 2003 Results
WY 2003 RESULTS 1251/2008) 1231202 %CHG $ 3610) $HR6 327A $ 180) $ 17 58% $ 096) $ 0%5 26% 139% = 109% 39%
Slide 16: 2004 Branch Opening
WY 2004 BRANCH OPENING TRINITY POINT BRANCH Washington, PA Scheduled to open July 2004
Slide 17: 2004 Strategies
WY 2004 STRATEGIES i Improve customer service through: > New products > Improved service levels ™ Investment in technology > Growth of the loan portfolio
Slide 18: 2004 Strategies
WY 2004 STRATEGIES »® Continue to pursue acquisitions » Continue to repurchase shares > Focus on Corporate Governance
Slide 19: 2004 Results
2004 RESULTS ISTQIR;| ISTQIR 2004 2003 % CHG $9,759| $8889 9.79% $ 0.49| $ 044 11.36% $ 0.25) $ 024 4.17% 12.23% 11.14% 9.78%
Slide 20: Stock Price
W STOCK PRICE $35.00 $30.35 $30.00 $27.66 , $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 12/31/2001 = 12/31/2002 —- 12/31/2003 3/31/2004 Total return from 12/31/2001 to 03/31/2004 22.1%* * Assumes reinvestment of dividends
Slide 21: Stock Performance
WY STOCK PERFORMANCE * 450% 350% Zo 150%; T7 'SS ‘39 ' ‘Ol ‘3/04 B VesBanco ES&P500 * Total return assumes no reinvestment of dividends -
Slide 22: wa Ee eee
wa Ee eee $1.80 $1.70 $1.60 '99 ‘00 02 Compound annual Erawth rate from 1999 to 2003 7.1%
Slide 23: Dividends Per Share
WY DIVIDENDS PER SHARE $1.00 '99 '00 ‘01 02 '03 '04 Annualized 19 years of dividend increases Dividend yield 3.2% @ 3/31/04
Slide 24: 2004 Acquisition: Western Ohio Financial
WY 2004 ACQUISITION WESTERN OHIO FINANCIAL $400 million in total assets m7 Offices, 9 ATM's > Springfield/Dayton Metro Area Closing date 4th quarter 2004
Slide 25: 2004 Acquisition: Western Ohio Financial
WY 2004 ACQUISITION WESTERN OHIO FINANCIAL im Accretive to 2005 earnings 1m Price to Book Value of 140.5% m 24.6x times 2003 earnings mCore Deposit Premium of 10.6%
Slide 26: Market Presence
WY MARKET PRESENCE St. Siu : tas t Kfolumbus carbritign we wy w EY w
Slide 27: Franchise Expansion
WY FRANCHISE EXPANSION
Slide 28: Corporate Governance
WY CORPORATE GOVERNANCE » Independent Board of Directors > Majority of our Directors are independent im Audit Committee > Audit Committee charter > Financial expert, who is independent > Consists solely of independent Directors
Slide 29: Corporate Governance
WY CORPORATE GOVERNANCE »» Compensation Committee > Consists solely of independent Directors » Nominating Committee > Adopting a Nominating Committee Charter > Consists solely of independent Directors
Slide 30: Corporate Governance
WY CORPORATE GOVERNANCE m» Code of Business Conduct & Ethics adopted by the Board of Directors > Comprehensive Insider Trading Policy and Procedures
Slide 31: Corporate Governance
WY CORPORATE GOVERNANCE m “Whistleblower’ Policy in place for reporting Accounting irregularities ® Independent Directors meet in Executive session without Management being present
Slide 32: Shareholder Questions
Shareholder Questions
Slide 33: WesMark Fund Disclosures
W WesMark Fund Disclosures (1) Past performance is no guarantee of future results. Returns were achieved in market conditions highly favorable to stocks in this sector generally ‘Mutual fund performance changes over time and may vary significantly from what is currently stated. Investment return and