Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — KBW 2006 Honor Roll and Seventh Annual Community Bank Investor Conference

15 slides from Wesbanco's conference presentation, Aug 2, 2006

  1. Slide 1: KBW 2006 Honor Roll and Seventh Annual Community Bank Investor Conference

    KBW 2006 Honor Roll and Seventh Annual Community Bank Investor Conference August 2, 2006

  2. Slide 2: Corporate Profile

    Corporate Profile* NASDAQ: WSBC • Founded in 1870 • $4.1 billion in assets • Serving approximately: 179,000 deposit • & 47,000 loan customers in 3 states • 81 offices, 1 lending office, & 128 ATM’s • $2.8 billion in trust assets • Market capitalization: $675 million • 2006 average daily shares trade

  3. Slide 3: Market Diversification

    Market Diversification 2002 2004 2002 2005

  4. Slide 4: Loans & Deposits

    Loans & Deposits LOANS 12/31/05 DEPOSITS 12/31/05 NON NON WV WV 54% 36% WV WV 46% 64% WV ­ $1,335 million WV ­ $1,900 million Non­WV ­ $1,586 million Non­WV ­ $1,091 million WV ­ Branches – 45 WV – ATM’s ­ 77 Non­WV ­ Branches – 36 Non­WV ­ ATM’s ­ 43 *Excludes * proforma sale of Ritchie County Bran

  5. Slide 5: Market Demographics

    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 *Source: US Cen

  6. Slide 6: 2nd Quarter 2006 Financial Results

    2nd Quarter 2006 Financial Results 2nd Quarter 2nd Quarter (dollars in thousands) 6/30/2006 6/30/2005 % CHG Net income $ 11,261 $ 11,258 0.0% EPS ­ diluted 0.52 0.50 4.0% Return on assets 1.09% 0.99% 10.1% Return on equity 10.83% 10.66% 1.6% Return on tangible equity 16.70% 16.45% 1.5%

  7. Slide 7: 2nd Quarter 2006 Financial Results

    2nd Quarter 2006 Financial Results Ø Decrease in net interest income due to declining net interest margin and reduction in size of the balance sheet. Ø 1st quarter balance sheet repositioning contributed to a 14 basis point improvement in the 2nd quarter net interest margin. Ø Increase in non­intere

  8. Slide 8: Credit Quality

    Credit Quality In thousands Non­performing In thousands Net charge­offs $16,000 0.60% $4,500 0.60% $14,000 $4,000 0.54% $3,500 0.50% $12,000 0.40% $3,000 0.40% $10,000 0.41% 0.39% $2,500 $8,000 0.30% $2,000 $6,000 0.27% 0.27% 0.27% 0.20% $1,500 0.24% 0.20% $4,000 0.18% $1,000 $2,000 $500 $0 0.00% $0

  9. Slide 9: Core Non-interest Income as a % of Core Operating Revenue

    Core Non­interest Income as a % of Core Operating Revenue* In thousands $14,000 28.39% 26.20% $12,000 23.29% 22.69% 23.19% $10,000 $8,000 $6,000 $4,000 $2,000 $0 2Q05 3Q05 4Q05 1Q06 2Q06 Core non­interest income Core non­interest income as a % of core operating revenues * Amounts presented are other

  10. Slide 10: Branch Optimization

    Branch Optimization Ø West Virginia Markets: Ø Parkersburg­Marietta ­ sold 4 branches in Ritchie County; constructing new banking center in Marietta; merging 3 existing locations into the new center. Ø North Central ­ Opened new banking center in Kingwood. Ø Upper Ohio Valley – signed letter of inte

  11. Slide 11: Shares Repurchased vs. Capital Levels

    Shares Repurchased vs. Capital Levels 1,600 12.00% 1,400 9.62% 9.34% 8.76% 9.06% 10.00% 8.46% 1,200 9.75% 8.21% 8.00% 1,000 8.53% 7.69% 7.65% 800 6.00% 6.33% 6.57% 600 4.00% 400 2.00% 200 ­ 0.00% 2001 2002 2003 2004* 2005 6/30/2006 Shares repurchased Tier I leverage Tangible equity * 2004 repurchase

  12. Slide 12: Stock Performance - Cumulative Return

    Stock Performance ­ Cumulative Return 500.0% 450.0% 400.0% 350.0% 300.0% 250.0% 200.0% 150.0% 100.0% 50.0% 0.0% -50.0% '77 '78 '79 '80 '81 '82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 Q1 Q2 Q3 Q4 Q1 Q2 05 05 05 05 06 06 WesBanco S & P 500

  13. Slide 13: Key Investor Messages

    Key Investor Messages Ø Increased dividend in February 2006 – 21 consecutive years of dividend increases. Ø Dividend yield of 3.6%. Ø Announced new 1 million share repurchase authorization. • Repurchased approximately 1.4 million share in 2005. Ø Tangible capital after balance sheet reduction suppor

  14. Slide 14: Key Investor Messages

    Key Investor Messages Ø Cost control and FTE reduction. • Reduction of 135 FTE’s in one year. Ø Service charge income and alternative fee income growth. • Improved overdraft product. • Growth in securities / insurance product lines. Ø Focus on credit quality “instead of growth for growth’s sake.” •

  15. Slide 15: Forward-looking Disclosure

    Forward­looking Disclosure Forward­looking 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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