Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Shareholder Meeting (April 2011)
22 slides from Wesbanco's shareholder meeting presentation, Apr 20, 2011
Slide 1: WesBanco, Inc. Annual Shareholders Meeting
WesBanco, Inc. Annual Shareholders Meeting 2010 Year In Review April 20, 2011
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: $5.4 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 132 ATM’s • Non-bank activiti
Slide 4: An Expanding Franchise in Contiguous Markets
An Expanding Franchise in Contiguous Markets: 112 banking offices 4
Slide 5: WesBanco Operating Model
WesBanco Operating Model Growth by Local Centralized Acquisition Delivery Operations Provides Consistent Performance • Experienced management team • Incentives aligned to performance 5
Slide 6: Experienced & Stable Management Team
Experienced & Stable Management Team Years in Years with Executive Position Banking WSBC James Gardill Chairman of the Board 38 31 Paul Limbert President & CEO 33 33 Dennis Powell EVP & COO 37 6 Robert Young EVP & CFO 24 9 Peter Jaworski EVP & Chief Credit Officer 26 15 Jerome Schmitt EVP – Trust &
Slide 7: 2010 Year in Review
2010 Year in Review Continued growth in earnings per share in each of the past 5 quarters ending 12/31/10. Remained profitable each quarter throughout recession. Paid back $75 million in TARP without diluting shareholders with a common stock raise. Maintained strong capital position, conside
Slide 8: Performance Comparison
Performance Comparison For the year Ended – December 31, 2010 Year Year ended ended ($000’s except per share data) 12/31/10 12/31/09 %∆ Net Income Available to $35,611 $18,700 +90.43% Common Shareholders Diluted Earnings Per Share $1.34 $0.70 +91.43% Return on Average Assets 0.66% 0.43% +53.49% Retu
Slide 9: 2010 Year in Review: WesBanco compared to Industry
2010 Year in Review WesBanco compared to Industry 2010 WesBanco Industry* ROA 0.66% 0.24% ROE 5.88% 2.17% Efficiency ratio 60.89% 62.10% Net Charge-off % 1.28% 1.79% Non-performing asset ratio 1.95% 3.62% * Industry is all FDIC-insured institutions $1 9 billion to $10 billion.
Slide 10: Return on Average Assets
Return on Average Assets 1.80% 1.60% 1.67% 1.67% 1.71% 1.63% 1.59% 1.64% 1.40% 1.20% 1.00% 0.80% 0.60% 0.76% 0.61% 0.67% 0.53% 0.59% 0.40% 0.38% 0.20% 0.00% 3Q-09 4Q-09 1Q-10 2Q-10 3Q-10 4Q-10 ROAA: Pre-tax, Pre-provision, Pre-TARP ROAA: GAAP 10
Slide 11: Loan Portfolio as of December 31, 2010
Loan Portfolio as of December 31, 2010 Total Loans = $3.29 B Comm. & Ind. 13% Consumer 8% Investor- Comm. Real HELOC, 8% Owned 57% Estate, 53% Res. Real Estate, 19% 11
Slide 12: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers NPA + ≥ 90 PD Loans / Total Loans + OREO • * National Peer Group = Average of 97 banks nationwide (88 of 97 for 4Q’10) with assets between $2-$10 B. 12 • * Source: SNL Financial.
Slide 13: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers Ann. Net Charge-offs / Avg. Loans • National Peer Group = Average of 97 banks nationwide (97 of 97 for 4Q’10) with assets between $2-$10 B. 13 • Source: SNL Financial.
Slide 14: Wealth Management Services
Wealth Management Services • $2.9B of assets under management/custody. • Over 5,000 trust relationships. • 4 locations in WV & OH Assets Under Management ($B) • Improving performance as Management Fees ($MM) asset values have grown. $16.2 $15.8 • Product capabilities: $15.0 $14.9 $13.7 Trust Inv
Slide 15: 2011 Initiatives
2011 Initiatives Raised dividend in 1st quarter 2011. Actively remix the balance sheet – loans & deposits - to improve I/R sensitivity, regulatory capital and profitability. Continuing efforts to address credit quality and impaired loan levels as economy improves. 15
Slide 16: 2011 Initiatives (cont.)
2011 Initiatives (cont.) Focus on organic loan growth, with an emphasis on business banking and C&I lending. Pursue opportunities for activities related to Marcellus Shale. Continue to focus on wealth management and other fee-related opportunities. Monitor opportunities for selective acquisi
Slide 17: Loans, Deposits and Equity
Loans, Deposits and Equity ($ in millions) 17
Slide 18: 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. 18
Slide 19: Current Market Update
Current Market Update Market Performance – 2010 170.0% 160.0% 150.0% 140.0% 130.0% 120.0% 110.0% 100.0% 90.0% 80.0% 12/31/2009 4/2/2010 7/2/2010 10/1/2010 1/3/2011 WesBanco, Inc. (53.65%) KBW Regional Banking Index (18.22%) KBW Bank Index (22.24%) S&P 500 Index (12.78%) 19 Source: FactSet Research S
Slide 20: WesBanco Stock Performance Chart
WesBanco Stock Performance Chart January 1, 2008 thru December 31, 2010 20
Slide 21: Stock Performance – Long-term Cumulative Return
Stock Performance – Long-term Cumulative Return 21
Slide 22: Questions?
Questions? Annual Shareholders Meeting April 20, 2011