Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2014)
20 slides from Wesbanco's shareholder meeting presentation, Apr 15, 2014
Slide 1: WesBanco, Inc. Annual Shareholders Meeting 2013 Year In Review
WesBanco, Inc. Annual Shareholders Meeting 2013 Year In Review April 16, 2014
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: Banking Offices
Banking Offices Pennsylvania Ohio Pittsburgh Columbus Wheeling Parkersburg Morgantown Cincinnati Jackson Charleston West Virginia
Slide 4: Executive Management
Years in Years with Executive Position Banking WSBC James Gardill Chairman of the Board 41* 41 Paul Limbert President & CEO 37 37 Todd Clossin EVP & COO 29 N/A Robert Young EVP & CFO 27 12 Peter Jaworski EVP & Chief Credit Officer 29 18 Jonathan Dargusch EVP – Trust & Investments 32 3 Bernard Twigg
Slide 5: Performance Comparison
Performance Comparison Year Year ended ended ($000’s except per share data) 12/31/13 12/31/12 %∆ Net Income Available to $63,925 $49,544 +29% Common Shareholders Diluted Earnings Per Share $2.18 $1.84 +18% Increased dividends 7 times in last 13 quarters representing a 57% increase. Stock price i
Slide 6: 2013 Year in Review
2013 Year in Review Continued growth in stock price, earnings and improved credit quality. Continued growth in deposits and loans. Strong loan origination focus. Deposits have been positively affected by Marcellus and Utica shale payments. Maintained strong capital position, considered “We
Slide 7: 2013 Year in Review (cont.)
2013 Year in Review (cont.) Opened 1 new branch in 2013. Opened 1 new branch in 2014. Will open 1 additional new branch in 2014 in the Pittsburgh, Pa market. 7
Slide 8: Loan, Deposit and Capital Growth
$ 950 850 750 650 550 450 350 250 150 50 (50) 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 Loan Growth Deposit Growth Capital Growth 11/30/12 acquisition of Fidelity Bancorp. 8 11/30/12 acquisition of Fidelity Bancorp. 8
Slide 9: Wealth Management Services
Wealth Management Services Assets Under Management ($B) Management Fees ($MM) Net Securities Brokerage Revenue ($MM) $19.6 $17.2 $18.0 $15.8 $13.7 $3.7 $3.2 $3.0 $2.7 $2.9 $6.2 $4.2 $4.6 $4.4 $4.6 2009 2010 2011 2012 2013 9
Slide 10: Executive biography
Born, raised and educated in the mid-west. Began his career as a commercial lender. Worked in the Cleveland, Columbus, Dayton, Cincinnati, and Pittsburgh markets plus other out of area markets for two large banks. Served in various locations as Regional/Market President. Served as Chief Ad
Slide 11: 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 12: Challenges for 2014
Challenges for 2014 Slow recovering national economic conditions. Lack of opportunities for robust loan growth. Uncertainty about long term policies and short term solutions in Washington. Continued low interest rates with flat yield curve monetary policies. Continued margin compression.
Slide 13: 2014 Initiatives
2014 Initiatives Raised dividend in 1st quarter 2014 by 2 cents or 10%. Focus on organic loan growth, with an emphasis on business banking, middle market and home equity lending. Continuing efforts to address credit quality and impaired loan levels as economy improves. New electronic banking
Slide 14: 2014 Initiatives (cont.)
2014 Initiatives (cont.) Monitor opportunities for selective acquisitions in footprint. Continue to focus on wealth management and other fee-related opportunities. Pursue opportunities from customers who have benefited from Marcellus and Utica shale activity. 14
Slide 15: Opportunities for Organic Growth
Opportunities for Organic Growth
Slide 16: 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. 16
Slide 17: Investment Rationale (cont.)
Investment Rationale (cont.) Asset quality compares favorably with regional and national peers. Diversity of earnings stream. Strong regulatory capital. Proven acquisition-oriented growth strategy. 17
Slide 18: WesBanco Stock Performance Chart
WesBanco Stock Performance Chart March 2013 thru March 2014 18
Slide 19: Stock Performance – Long-term Cumulative Return
Stock Performance – Long-term Cumulative Return 600% 500% 400% 300% 200% 100% 0% -100% '77'78'79'80'81'82'83'84'85'86'87'88'89'90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13 WesBanco S & P 500 19
Slide 20: Questions?
Questions? Annual Shareholders Meeting April 16, 2014