Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2013)
20 slides from Wesbanco's shareholder meeting presentation, Apr 17, 2013
Slide 1: WesBanco, Inc. Annual Shareholders Meeting 2012 Year In Review
WesBanco, Inc. Annual Shareholders Meeting 2012 Year In Review April 17, 2013
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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
Slide 3: Wealth Management Services
Wealth Management Services $3.2B of assets under management/custody. Over 5,000 trust relationships. Combined Trust and Brokerage under one management team. 10 locations in WV, OH & PA. Assets Under Management ($B) Improving revenues as asset Management Fees ($MM) values have grown. Net Se
Slide 4: Banking Offices
Banking Offices Pennsylvania Ohio Pittsburgh Columbus Wheeling Parkersburg Morgantown Cincinnati Jackson Charleston West Virginia
Slide 5: Experienced & Stable Management Team
Experienced & Stable Management Team Years in Years with Executive Position Banking WSBC James Gardill Chairman of the Board 40* 40 Paul Limbert President & CEO 35 35 Robert Young EVP & CFO 26 11 Peter Jaworski EVP & Chief Credit Officer 28 17 Jonathan Dargusch EVP – Trust & Investments 31 2 Bernard
Slide 6: Performance Comparison
Performance Comparison For the year Ended – December 31, 2012 Year Year ended ended ($000’s except per share data) 12/31/12 12/31/11 %∆ Net Income Available to $49,544 $43,809 +13% Common Shareholders Diluted Earnings Per Share $1.84 $1.65 +12% - Increased dividends 5 times in last 9 quarters repres
Slide 7: 2012 Year in Review
2012 Year in Review Continued growth in earnings and improved credit quality. Acquisition of Fidelity Savings Bank. Opens new markets in Pittsburgh, PA. Continued growth in deposits and loans. Strong loan origination focus. Deposits have been affected by Marcellus and Utica shale payment
Slide 8: 2012 Year in Review
2012 Year in Review Maintained strong capital position, considered “Well capitalized” under regulatory guidelines. Continued restructuring of branch offices . Closed 6 branches. Will open 3 new branches on 2013. 8
Slide 9: Marcellus/Utica Shale Opportunity
Opportunities for Organic Growth Marcellus/Utica Shale Opportunity Land owners are finding new wealth. Large cash payments for drilling rights. Land owners need financial advice. Our products in the retail bank provide short-term solutions. Our products in the wealth management function p
Slide 10: What are we trying to do?
What are we trying to do? Manage for the long-term success of WesBanco, its shareholders, employees and customers. Improve financial performance, without taking significant additional risk. Maintain pricing discipline. Provide exceptional service to capture more customer relationships. Exe
Slide 11: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers WSBC National Peers* 5.16% 4.81% 4.36% 3.50% 2.48% 3.40% 2.71% 2.93% 1.60% 2.03% 2008 2009 2010 2011 2012 NPA + ≥ 90 PD Loans / Total Loans + OREO • National Peer •Group National Peer Group = Average of 41= of Average of 117 99 banks banks nationwide nationwide
Slide 12: Challenges for 2013
Challenges for 2013 Weak economic conditions. Uncertainty about long term policies and short term solutions in Washington. Chronic high unemployment. Lack of opportunities for robust loan growth. Loan charge-offs expected to be higher than historical normal rates. Continued low interest
Slide 13: 2013 Initiatives
2013 Initiatives Raised dividend in 1st quarter 2013. Continuing efforts to address credit quality and impaired loan levels as economy improves. Focus on organic loan growth, with an emphasis on business banking and C&I lending. 13
Slide 14: 2013 Initiatives (cont.)
2013 Initiatives (cont.) Pursue opportunities for activities related to Marcellus and Utica shales. Continue to focus on wealth management and other fee-related opportunities. Monitor opportunities for selective acquisitions in footprint. 14
Slide 15: Investment Rationale
Investment Rationale Located in three strong urban markets which will enable organic loan and deposit growth. Organic growth from Marcellus/Utica opportunities. Liquidity to provide for additional lending capacity. 15
Slide 16: Investment Rationale
Investment Rationale Asset quality compares favorably with regional and national peers. Diversity of earnings stream. Strong regulatory capital. Proven acquisition-oriented growth strategy. 16
Slide 17: WesBanco Stock Performance Chart
WesBanco Stock Performance Chart March 31, 2008 thru March 31, 2013 17
Slide 18: Stock Performance – Long-term Cumulative Return
Stock Performance – Long-term Cumulative Return 500% 400% 300% 200% 100% 0% -100% '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 '05 '06 '07 '08 '09 10 11 12 18 WesBanco S & P 500
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Slide 20: Questions?
Questions? Annual Shareholders Meeting April 17, 2013