Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Midwest Super-Community Bank Conference 2005
31 slides from Wesbanco's conference presentation, Mar 1, 2005
Slide 1: Midwest Super-Community Bank Conference
MIDWEST SUPER-COMMUNITY BANK CONFERENCE MARCH 1, 2005
Slide 2: Presenters
WeBano PRESENTERS wwew.wesbanco. Paul M. Limbert President & Chief Executive Officer Robert H. Young Executive Vice President & Chief Financial Officer
Slide 3: Forward Looking Disclosures
w WesBanco FORWARD LOOKING DISCLOSURES vvwwwesbanco.com Forward-looking statements in this report 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
Slide 4: Corporate Profile
WesBanto CORPORATE PROFILE* NASDAQ: WSBC om» $4.6 billion in assets om Serving approximately:156,000 deposit & 46,000 loan customers > $86 offices, 4 lending offices, & 128 ATM’s om $2.7 Billion in trust assets om Market capitalization: $650 million ” m® Improving stock liquidity: avg. daily shares
Slide 5: Reasons to Invest in WesBanco
WesBanco REASONS TO INVEST IN WESBANCO wiwwwwwesbanoo.com im Consistent growth in earnings per share im Above average dividend yield: 3.7% im A cquisition-focused » Improving demographics & new markets > Improving credit quality im Strong stock performance (1) Annualized dividend rate of $1.04 per s
Slide 6: 2004 Results
Webemo 2004 RESULTS wiwwwwwesbanoo.com YEAR (net income in thousands) 12/31/2003 % CHG Net income $36,130 5.7% EPS - diluted $1.80 5.6% Return on assets 1.08% -0.9% Return on equity 11.38% -0.1% Return on tangible equity* 13.93% 1.8% Tier [leverage 8.76% 6.6% Net interest margin 3.66% -1.6% Efficien
Slide 7: Earnings Per Share
Wesantco EARNINGS PER SHARE $1.90 $1.80 1999 2000 2001 2002 2003 2004
Slide 8: Dividends Per Share
vvwwwesbanco.com Wetanco DIVIDENDS PER SHARE nm 2() consecutive $1.04 years of dividend : increases $1.00 ® Dividend yield $0.96 Oo, s ~ 3.7% at 2/18/05 $0.94 $0.92 $0.90 $0.88 ' "1999 2000 2001 + 2002 ~—-2003~—«2004 2005 * Reflects 2/24/2005 dividend rate increase announcement. Annualized
Slide 9: Stock Performance
wy WesBanco STOCK PERFORMANCE* 450% 5 WSBC + 421% 350% 4 250% 4 150% 4 50% 5 50% - ‘TT; "83, i WesBanco ‘89 S&P + 353% ‘95 ‘OL = 12/31/04 S & P500 * Total return assumes dividends are not reinvested
Slide 10: Stock Performance with Dividends Reinvested
$35 $31.97 $2792 12/31/2001 12/31/2002 12/31/2003 12/31/2004 2/18/2005 * Assumes reinvestment of dividends
Slide 11: Recent Acquisition History
wy vvwwwesbanco.com WesBanco RECENT ACQUISITION HISTORY 3 major acquisitions in 3 years, adding $1.7 billion in assets, 28 branch offices and 2 LPO’s American Bancorporation, March 2002 Western Ohio Financial Corporation $700 million in assets, 14 branches* August 2004 New markets acquired $400 mill
Slide 12: Franchise Expansion
WesBaeo FRANCHISE EXPANSION vvwwwesbanco.com Wapakoneta Millesbutg PPotand celina Si A De ES , ‘ie i aldwell Po her L *\ “MeConne ille . wh = { Logan’ a Fairmony ; &“ \ 4 } “Middleboume Wilmingion spite FIED West Wwion ‘peiaton ad ) Mosthur, Ss ry — ‘ an Chm . ; s ew <Wavetly —Wwelston be 4 Miltony/
Slide 13: WesBanco Market Demographics
WesBw.o WESBANCO MARKET DEMOGRAPHICS* wiwwwwwesbanoo.com ACQUIRED —ACQUIREDIN2004. ACQUIRED IN20022, = MONTGOMERY, §_IN2005” FRANKIIN CLARK& GREENE HAMILTON WEST =—s COUNTY COUNTIES COUNTY VIRGINA | Giunis,GH —DaytorSpringield CH = Gincinmti, CH Total Population * 1808344 1068978 851,00 845,308 Meda
Slide 14: Loans by State
wiwwwwwesbanoo.com wssneo LOANS BY STATE (in millions) 12/31/2003 12/31/2004(Pro Forma*) * includes the Winton Financial Corporation acquisition. 12/31/2003 Loans Loans in WV Outside WV $1,573 $361 $1,691 $1,279 12/31/2004 Pro Forma*
Slide 15: Deposits by State
wesBavo DEPOSITS BY STATE wiwwwwwesbanoo.com (in millions) 12/31/2003 12/31/2004(Pro Forma*) * includes the Winton Financial C orporation acquisition. Deposits Deposits in WV Outside WV $1,951 $531 $1,932 $1,159 12/31/2004 12/31/2003 peed : &
Slide 16: Small enough to listen
Small enoughtolisten, Wy Wesbanco
Slide 17: Checking Promotion
WesBanco CHECKING PROMOTION ia) Free Checking. aa No Strings. @ crcmig WesBanico estan www.wesbanco.com why ‘Weallanco Bank, Ine. is & Member FDIC Free On-Line Bill Pay + 650 Free ATMs + Free Debit Card
Slide 18: Total Assets
vvwwwesbanco.com wsseo TOTAL ASSETS In millions $4,563 $3,297 $2,270 $2,310 1999 2000 2001 2002 2003 2004(P) P=Includes Pro Forma Assets of Winton Financial
Slide 19: Total Loans
wy WesBanco vvwwwesbanco.com TOTAL LOANS In millions $1,523 1999 2000 2001 2002 2003 P=Includes Pro Forma Loans of Winton Financial $2,970 2004(P)
Slide 20: Loan Portfolio
wspavo LOAN PORTFOLIO wiwwwwwesbanoo.com In millions $3,000 $2,500 $2,000 1,045 $1,500 318 s 3333533333 = eseesssess: 320 580 sseesssees S ss33333333 igsseeesss Betssseees isssssssss 5 Betesssees isssasssss 574 B3sssssess: iesssssses $1,000 B3issssess: 3: F a Beeesssees I 509. Eessssrtsss| isectar s
Slide 21: New Market Loans
WeByto NEW MARKET LOANS* wiwwwwwesbanoo.com In Thousands $1,000,000 Zz le} 5 wo $800,000 5 Zz = ie S a q i as =| $600,000 + = S | | $895,418 = nN i) ie) | $400,000 ‘ Saez cong | oa iS) é a z 5 $200,000 B 5 co fl sl Ss $9,391 b102,994 2 2 $0 2001 2002 2003 2004 2004(P) OPA LOANS OH OHIO LOANS *New ma
Slide 22: Loans to Deposits Ratio
WesBane ¢ LOANS TO DEPOSITS RATIO wwwawesbanco.com In millions $3,500 +7 7 120% 96% $3,000 + " < + 100% 84% 85% 83% , $2,500 + + 80% $2,000 + + 60% $1,500 + + 40% $1,000 + $soo + Tee $0 0% 1999 2000 i Loans 2001 2002 2003 2004 2004(P) M8 Deposits -® Loan to deposit ratio P=Pro Forma with Winton Fina
Slide 23: Delinquency Levels vs. Portfolio Growth
W DELINQUENCY LEVELS vs. WesBanco PORTFOLIO GROWTH TDARRIGIOON 955% THALIONP SIDED DD! Sk 2 In thousands 5 3 ij
Slide 24: Net Charge Off Ratio
wy WesBanco NET CHARGE OFF RATIO wiwwwwwesbanoo.com Tn thousands $2,500 7 NET CHARGE-OFFS TO AVERAGE LOANS 7 0.60% 0.50% 0.46% $2,000 + + 0.40% $1,500 + 0.3|L% $1,000 + + 0.20% $500 + $0 0.00% 1999 2000 2001 Mf Total average loans 2002 2003 2004 ~® Net charge-off percent
Slide 25: Deposits
Webemo DEPOSITS vvwwwesbanco.com Tn millions $3,500 $3,000 $2,500 $2,000 $1,500 Z 363 443 358 Lid $1,000 [252 = 563 588 588 407 $500 4G 276 308 312 339 301 329 355, 364 99 — 2001 2002 2003 2004 2004(@P) ONon-int. bearing demand LC Interest bearing demand Money Market C1 Savings ' CD st P=Pro Forma w
Slide 26: Interest Rate Risk
wesBanco INTEREST RATE RISK * Change in Interest = Change in Net Interest Rates (basis pts.) Income from Base” (dollars in thousands) Amount Percent Up 200 Rate Shock (4855) 3.83% Up 100 Rate Shock (140) 0.11% Down 100 Rate Shock (1,302) —_-1.08% * As of December 31, 2004 © For the next 12-month per
Slide 27: Trust & Investment Fees
WesBancoTRUST & INVESTMENT FEES In thousands In millions $14,000 7$3,088 $2.664 + $3,500 $12,000 + 7] _ + $3,000 $10,000 + ey [| es + $2,500 $8,000 + + $2,000 $6,000 + A | & i g + $1,500 $4,000 + Pea + $1,000 $2,000 + + $500 $0 + + + + + $0 1999 2000 2001 2002 2003 2004 mg Trust fees Assets under ad
Slide 28: Return on Equity
WesBao RETURN ON EQUITY vvwwwesbanco.com 16.00% 5 14.00% | © 12.00% 4 © x § q 10.00% + 4 © =< 3S. © cB SE iM 2a 2: 3.00% || % FRA = = & hal = 6.00% 4 4.00% 4 2.00% 4 0.00% 1999 2000 2001 2002 2003 2004 @ Return on equity @ Retun on tangible equity
Slide 29: Return to Shareholders
wy WesBanco RETURN TO SHAREHOLDERS wiwwwwwesbanoo.com In thousands $60,000 $230.5 million in dividends and $50,000 $40,000 $30,000 $20,000 $10,000 $0 stock repurchases returned to shareholders from 1999 to present $37,011 $28,367 $2,739 $17,167 J $16,737 [i 518,890 [IM S19,278 $19,792 1999 2000 2001
Slide 30: Shares Repurchased vs. Capital Levels
wy WesBanco vvwwwesbanco.com SHARES REPURCHASED vs. CAPITAL LEVELS In thousands 1,600 1,400 1,200 1,000 800 600 2000 2001 2002 2003 2004* 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% MS Shares repurchased —&- Tier I leverage —®- Tangible equity * 2004 repurchases limited due to SEC rules on blackout
Slide 31: Questions?
Wesbanco — Midwest Super-Community Bank Conference 2005 on 6ix