Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — SunTrust Robinson Humphrey 2006 Financial Services Unconference

23 slides from Wesbanco's conference presentation, May 25, 2006

  1. Slide 1: SunTrust Robinson Humphrey 2006 Financial Services Unconference

    SunTrust Robinson Humphrey 2006 Financial Services Unconference New York City May 25, 2006

  2. Slide 2: Market Diversification

    Market Diversification 2002 2004 2002 2005

  3. Slide 3: 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 * 1,815,354 844,909 814,611 (1) Median Income * $31,504 $43,535 $44,280 (1) Per Capita Income * $25,792 $31,282 $39,467 *Sourc

  4. Slide 4: Loans & Deposits

    Loans & Deposits LOANS 12/31/2005 DEPOSITS 12/31/2005 NON NON WV WV 54% 36% WV WV 46% 64% WV - $1,335 million WV - $1,900 million Non-WV - $1,586 million Non-WV - $1,091 million WV - Branches – 45 WV – ATM’ ATM’ s - 77 Non- Non-WV - Branches – 36 Non -WV - ATM’s - 43 *Excludes proforma sale of Ritch

  5. Slide 5: Net Income and EPS Trends

    Net Income and EPS Trends In thousands $12,000 $0.60 $10,000 $0.50 $8,000 $0.40 $11,258 $6,000 $0.30 $11,080 $10,963 $10,669 $10,595 $10,549 $10,460 $0.50 $9,870 $0.48 $0.48 $0.48 $0.48 $0.47 $0.47 $9,204 $0.44 $0.42 $4,000 $0.20 $5,584 $0.25 $2,000 $0.10 $0 $0.00 1Q05 2Q05 3Q05 4Q05 1Q06 1Q05 2Q05

  6. Slide 6: Net Interest Income and Margin Trends

    Net Interest Income and Margin Trends In thousands $40,000 4.00% 3.51% 3.52% 3.46% 3.45% 3.40% $35,000 3.50% $30,000 3.00% $25,000 2.50% $20,000 $33,868 2.00% $33,501 $32,588 $32,354 $30,983 $15,000 1.50% $10,000 1.00% $5,000 0.50% $0 0.00% 1Q05 2Q05 3Q05 4Q05 1Q06

  7. Slide 7: 1st Quarter 2006 Financial Results

    1st Quarter 2006 Financial Results 1st Quarter 1st Quarter (dollars in thousands) 3/31/2006 3/31/2005 % CHG GAAP - Net income $ 5,584 $ 11,080 (49.6%) Core operating earnings $ 9,258 $ 11,376 (18.6%) GAAP EPS - diluted $ 0.25 $ 0.48 (47.9%) Core Operating EPS - diluted $ 0.42 $ 0.49 (14.3%) Return o

  8. Slide 8: 1st Quarter 2006 Financial Results (continued)

    1st Quarter 2006 Financial Results (continued) Other-than-temporary impairment losses on available-for-sale securities of $8.0 million. Decrease in net interest margin year-over-year due to strategic reduction of balance sheet, higher rates and flat yield curve environment. Gain on sale of non-st

  9. Slide 9: Earnings Per Share (Diluted)

    Earnings Per Share (Diluted) $1.90 $1.90 $1.80 $1.70 $1.60 2001 2002 2003 2004 2005 CAGR = 4.4%

  10. Slide 10: Dividends Per Share Growth

    Dividends Per Share Growth $1.00 $1.04 $1.06 $0.92 $0.935 $0.96 2001 2002 2003 2004 2005 2006 Annualized 21 consecutive years of dividend increases. Current dividend yield approximating 3.6%

  11. Slide 11: Non-performing Assets / Net Charge-off Ratio

    Non-performing Assets / Net Charge-off Ratio In thousands $16,000 0.50% $3,500 0.60% $14,000 $3,000 0.40% $12,000 0.50% $2,500 0.39% 0.46% 0.40% $10,000 0.30% $2,000 $8,000 0.30% 0.27% 0.27% 0.31% $6,000 0.24% 0.20% $1,500 0.29% 0.20% $1,000 $4,000 0.10% $2,000 $500 $0 0.00% $0 0.00% 1Q05 2Q05 3Q05

  12. Slide 12: Interest Rate Trend

    Interest Rate Trend 9.0% 8.0% 7.0% 6.0% Prime 5.0% 1 Yr Treasury 4.0% 3.0% Fed Funds 2.0% 1.0% 0.0% D 03 M 04 J 04 S 04 D 04 M 05 J 05 S 05 D 05 M 06 5/18/06

  13. Slide 13: Capital Ratios

    Capital Ratios 18.0% 16.0% 14.0% Total Risk Based Capital 12.0% Tier I Capital 10.0% 8.0% Ave. Tangible Equity / Tangible Assets 6.0% 4.0% 2.0% 0.0% 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06

  14. Slide 14: Average Securities and Loans

    Average Securities and Loans Securities Yield Loans Yield $1,400 6.00% $3,500 7.00% $1,200 $3,000 6.00% 5.00% $1,000 $2,500 5.00% 4.00% $800 $2,000 4.00% 3.00% $600 $1,500 3.00% 2.00% $400 $1,000 2.00% 1.00% $200 $500 1.00% $0 0.00% $0 0.00% 1Q05 2Q05 3Q05 4Q05 1Q06 1Q05 2Q05 3Q05 4Q05 1Q06

  15. Slide 15: Yield Curve Comparison

    Yield Curve Comparison 5. 17% 4. 82% 4. 96% 4. 91% 4. 92% 4. 94% 5. 61% 4. 76% 4. 48% 4. 17% Yields 3. 92% 3. 78% 3. 12% 2. 77% 3 6 2 3 5 10 30 3/31/06 One year ago

  16. Slide 16: "Better Than Free" Checking Campaign

    “Better Than Free” Checking Campaign 24,000 new accounts over campaign period 20,000 new debit cards 213% of goals Increased awareness of brand Launched new sales culture

  17. Slide 17: New Deposit Accounts Opened

    New Deposit Accounts Opened 6,000 5,000 4,000 3,000 2,000 1,000 0 M A M J J A S O N D J F M D emand CD s Money Market Savi ngs Int Brg D emand

  18. Slide 18: Service Charge Income Growth

    Service Charge Income Growth In thousands $3,797 $3,515 $2,834 $2,723 $2,462 1Q05 2Q05 3Q05 4Q05 1Q06 Growth from 1Q05 to 1Q06 = 54.22%.

  19. Slide 19: Key Investor Messages

    Key Investor Messages  Increased dividend in February 2006.  Dividend yield of 3.6%.  Announced new 1 million share repurchase authorization. • Repurchased approximately 1.4 million share in 2005.  Tangible capital after balance sheet reduction supportive of additional share repurchases.  Added

  20. Slide 20: Key Investor Messages

    Key Investor Messages  Cost control and FTE reduction. • Reduction of 193 FTE’s in one year.  Service charge income and alternative fee income growth. • New overdraft product. • Growth in securities / insurance product lines.  Focus on credit quality “instead of growth for growth’s sake.” • Sale

  21. Slide 21: Reconciliation Table – Non-GAAP Financial Information

    Reconciliation Table – Non-GAAP Financial Information For the Three Months Ended March 31, 2006 2005 2006 2005 ($ in thousands) Per Share Amts. GAAP - Net income / Per share $ 5,584 $ 11,080 $ 0.25 $ 0.48 Merger-related expenses, net of tax (1) - 296 - 0.01 Restructuring expenses, net of tax (1) 324

  22. Slide 22: Reconciliation Table – Non-GAAP Financial Information

    Reconciliation Table – Non-GAAP Financial Information For the Three Months Ended March 31, 2006 2005 2006 2005 Return on ave. assets Return on ave. equity Return on average assets / equity 0.52% 0.99% 5.45% 10.42% Merger-related expenses, net of tax (1) 0.00% 0.02% 0.00% 0.28% Restructuring expenses

  23. Slide 23: Forward-looking Disclosure

    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 informatio

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