Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2006)
24 slides from Wesbanco's shareholder meeting presentation, Apr 19, 2006
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting April 19, 2006
Slide 2: 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
Slide 3: Market Diversification
Market Diversification 2002 2004 2002 2005
Slide 4: Loans & Deposits
Loans & Deposits LOANS 12/31/2005 DEPOSITS 12/31/2005 NON NON WV WV 54% 36% WV WV 46% 64%
Slide 5: 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 * 1,808,344 851,690 845,303 (1) Median Income * $29,696 $41,663 $40,964 (1) Per Capita Income * $16,477 $21,590 $24,053 The 4
Slide 6: 2005 Financial Results
2005 Financial Results YTD YTD (dollars in thousands) 12/31/2005 12/31/2004 % CHG GAAP - Net income $ 42,757 $ 38,182 12.0% Core operating earnings (1) $ 43,675 $ 38,420 13.7% GAAP EPS - diluted $ 1.90 $ 1.90 0.0% Core Operating EPS - diluted (1) $ 1.95 $ 1.91 2.1% Return on assets 0.95% 1.07% -11.2
Slide 7: Non-performing Assets
Non-performing Assets In thousands $14,000 0.40% 0.34% $12,000 0.24% 0.30% 0.26% 0.27% 0.27% 0.30% $10,000 $8,000 0.20% $6,000 $4,000 0.10% $2,000 $0 0.00% 2003 2004 1Q05 2Q05 3Q05 4Q05 Total Non-performing assets NPA's as a % of total assets
Slide 8: Net Charge-off Ratio
Net Charge-off Ratio In millions NET CHARGE-OFFS TO AVERAGE LOANS $3,500 0.60% 0.50% $3,000 0.46% $2,500 0.40% $2,000 0.31% 0.29% $1,500 0.20% $1,000 $500 $0 0.00% 2002 2003 2004 2005 Total average loans Net charge-off percent
Slide 9: 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 (1) $ 9,258 $ 11,376 -18.6% GAAP EPS - diluted $ 0.25 $ 0.48 -47.9% Core Operating EPS - diluted (1) $ 0.42 $ 0.49 -14.3% Retu
Slide 10: 1st Quarter Results (continued)
1st Quarter Results (continued) Other-than-temporary impairment losses on securities of $8.0 million. Decrease in net interest income of $2.5 million or 7.5%. Gain on sale of branch offices of $2.5 million. Increase in non-interest income of $1.5 million or 15.4%. (1) Decrease in non-interest e
Slide 11: Interest Rate Trend
Interest Rate Trend 9.0% 8.0% 7.0% 6.0% Prime 5.0% 1 Yr Treasury 4.0% 3.0% 2.0% Fed Funds 1.0% 0.0% D 03 M 04 J 04 S 04 D 04 M 05 J 05 S 05 D 05 M 06
Slide 12: Yield Curve Comparison
Yield Curve Comparison 4. 82% 4. 81% 4. 85% 4. 89% 4. 60% 4. 80% 4. 82% 4. 76% 4. 48% 4. 17% Yi el ds 3. 92% 3. 78% 3. 12% 2. 77% 3 6 2 3 5 10 30 3/31/06 One year ago
Slide 13: Customer Satisfaction Rating
Customer Satisfaction Rating
Slide 14: "Better Than Free" Checking Campaign
“Better Than Free” Checking Campaign 8,500 new accounts in 9 weeks 6,000 new debit cards 213% of goals Increased awareness of brand Launched new sales culture
Slide 15: 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
Slide 16: Why Free Checking?
Why Free Checking ? Lower costing funds Younger customers – Transactors – Borrowers Checking Fee Income – 54% increase year-over-year
Slide 17: Checking Fee Income Growth
Checking Fee Income Growth (1) In thousands $1,658 $894 J F M A M J J A S O N D J F M 2005 2006 (1) Includes NSF/overdraft fees, debit card and ATM fees.
Slide 18: Earnings Per Share (Diluted)
Earnings Per Share (Diluted) $1.90 $1.60 2001 2002 2003 2004 2005
Slide 19: Full-time Employees to Total Assets
Full-time Employees to Total Assets $3.7 million per employee $2.5 million per employee 12/31/2001 12/31/2002 12/31/2003 12/31/2004 12/31/2005
Slide 20: Dividends Per Share Growth
Dividends Per Share Growth $1.06 $0.92 2001 2002 2003 2004 2005 2006 Annualized • 21 consecutive years of dividend increases. Current dividend yield approximating 3.4%
Slide 21: Return to Shareholders
Return to Shareholders In thousands $290 million in dividends and stock repurchases returned to shareholders from 1999 to present. $59,407 $54,763 $45,534 $38,847 $37,134 $31,712 $22,531 1999 2000 2001 2002 2003 2004 2005 Dividends Stock Repurchases
Slide 22: One Year Relative Stock Price Performance
One Year Relative Stock Price Performance 120% 115% 110% 105% 100% 95% 90% 85% 5 05 05 05 05 05 05 5 5 5 5 5 6 /0 2/ 1/ 2/ 1/ 1/ 1/ /0 /0 /0 /0 /0 /0 31 3/ 4/ 5/ 6/ 7/ 8/ 31 30 31 /1 /3 0 31 1/ 8/ 9/ 1 0 / 1 2 12 1/ WesBanco Inc. (+5.7%) NASDAQ Bank Index (+2.1%) KBW Bank Index (+2.3%) S&P 500 Index
Slide 23: Stock Performance Long-term Cumulative Return
Stock Performance Long-term Cumulative Return 500% 450% 400% 350% 300% 250% 200% 150% 100% 50% 0% -50% '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 05 05 05 05 06 WesBanco S & P 500
Slide 24: Annual Shareholders Meeting
Annual Shareholders Meeting April 19, 2006