Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2012)
20 slides from Wesbanco's shareholder meeting presentation, Apr 17, 2012
Slide 1: Annual Shareholders Meeting 2011 Year In Review
WesBanco, Inc. Annual Shareholders Meeting 2011 Year In Review April 18, 2012
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: WesBanco at a Glance
WesBanco at a Glance • Headquarters in Wheeling, West Virginia • Assets: $5.5 billion • Founded in 1870 • 32 banks/23 companies acquired in 25 years • Banking operations in West Virginia, Ohio and Western Pennsylvania 112 banking offices + Pittsburgh, PA Loan Office 122 ATM’s • Non-bank activiti
Slide 4: Banking Offices
Banking Offices pe By all accounts, better. is
Slide 5: Experienced & Stable Management Team
Experienced & Stable Management Team Years in Years with Executive Position Banking WSBC James Gardill Chairman of the Board 39* 39 Paul Limbert President & CEO 34 34 Robert Young EVP & CFO 25 10 Peter Jaworski EVP & Chief Credit Officer 27 16 Jerome Schmitt EVP – Trust & Investments 39 39 Bernard T
Slide 6: Performance Comparison
Performance Comparison For the year Ended – December 31, 2011 Year Year ended ended ($000’s except per share data) 12/31/11 12/31/10 %∆ Net Income Available to $43,809 $35,611 +23% Common Shareholders Diluted Earnings Per Share $1.65 $1.34 +23% - Increased dividends 3 times in last 5 quarters repres
Slide 7: 2011 Year in Review
2011 Year in Review WesBanco compared to Peer WesBanco Peer* ROA 0.81% 0.84% ROE 7.01% 7.21% Efficiency ratio 59.50% 62.21% Net Charge-off % 1.30% 1.16% Non-performing asset ratio 1.62% 3.11% * Peer represents all FDIC-insured 7 institutions $1 billion to $10 billion.
Slide 8: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers WSBC National Peers* 5.16% 4.81% 4.36% 2.48% 3.40% 2.71% 2.93% 1.15% 1.60% 0.96% 2007 2008 2009 2010 2011 NPA + ≥ 90 PD Loans / Total Loans + OREO • National Peer Group = Average of 41 of 99 banks nationwide with assets between $2-$10 B. • National Peer Group =
Slide 9: Wealth Management Services
Wealth Management Services $3.0B of assets under management/custody. Over 5,000 trust relationships. Combined Trust and Brokerage under one management team. 10 locations in WV & OH Assets Under Management ($B) Management Fees ($MM) Improving revenues as asset Net Securities Brokerage Reven
Slide 10: 2011 Year in Review
2011 Year in Review Continued growth in earnings and improved credit quality. Continued reduction of expenses. Continued growth in deposits and strong loan origination focus. Maintained strong capital position, considered “Well capitalized” under regulatory guidelines. Formed a private ban
Slide 11: Customer Service Initiatives
Customer Service Initiatives Expand technology for both product delivery and efficiency Iron key security software Cash dispenser machines Mobile banking Remote deposit capture Customer relationship management – CORE 11
Slide 12: 2012 Initiatives
2012 Initiatives Raised dividend in 1st quarter 2012. Actively remix the balance sheet – loans & deposits - to improve I/R sensitivity, regulatory capital and profitability. Continuing efforts to address credit quality and impaired loan levels as economy improves. 12
Slide 13: 2012 Initiatives (cont.)
2012 Initiatives (cont.) Focus on organic loan growth, with an emphasis on business banking and C&I lending. Pursue opportunities for activities related to Marcellus and Utica shales. Continue to focus on wealth management and other fee-related opportunities. Monitor opportunities for select
Slide 14: Opportunities for Organic Growth: Marcellus/Utica Shale
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 pr
Slide 15: Investment Rationale
Investment Rationale • Strong regulatory capital. • Liquidity to provide for additional lending capacity. • Asset quality compares favorably with regional and national peers. • Diversity of earnings stream. • Proven acquisition-oriented growth strategy. 15
Slide 16: Current Market Update
Current Market Update Market Performance – Since January 1, 2010 200.00% 180.00% 160.00% 140.00% 120.00% 100.00% 80.00% 60.00% 1/1/10 7/28/10 2/21/11 9/16/11 4/13/12 WesBanco, Inc. (55.75%) KBW Bank Index (10.44%) KBW Regional Banking Index (18.75%) S&P 500 Index (22.88%) Source: FactSet Research Sy
Slide 17: WesBanco Stock Performance Chart
WesBanco Stock Performance Chart December 31, 2009 thru December 31, 2011 100-Based Index Analysis: WSBC vs. IXBK*/Peers (2 Years) WSBC IXBK PEERS 200 180 160 140 120 100 80 60 40 20 0 *IXBK – NASDAQ Bank Index 17
Slide 18: WesBanco Stock Performance Chart (5 Years)
WesBanco Stock Performance Chart March 31, 2007 thru March 31, 2012 100-Based Index Analysis: WSBC vs. IXBK/Peers (5 Years) WSBC IXBK PEERS 125 115 105 95 85 75 65 55 45 35 25 18
Slide 19: 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 19 WesBanco S & P 500
Slide 20: Questions?
Questions? Annual Shareholders Meeting April 18, 2012