WesBanco, Inc. · NASDAQ:WSBC
WesBanco — Mid-Atlantic 2006 Super Community Bank Conference
21 slides from WesBanco's conference presentation, Nov 6, 2006
Slide 1: Mid-Atlantic 2006 Super Community Bank Conference
Mid-Atlantic 2006 S Co ity Ww uper Communi Bank Conference WesBanco Noveriber 6, 9006 By all accounts, better. WesB w : By all accounts, better. @
Slide 2: Corporate Profile
Corporate Profile* NASDAQ: WSBC ¢ Founded in 1870 ¢ $4.1 billion in assets * 78 offices, 1 lending office, & 108 ATM’s * $2.9 billion in trust assets ¢ Market capitalization: $630 million * 2006 average daily shares traded: 51,700 By all accounts, better. * As of 9/30/06
Slide 3: Market Diversification
Market Diversification COM gif Noh 2006 SNL Fite @ By all accounts, better.
Slide 4: Market Demographic
Market Demographic NEW MARKETS NEW MONTGOMERY, MARKET CLARK & GREENE HAMILTON COUNTIES COUNTY Daytow/Springfield, OH Cincinnati, OH Total Est. Population * 814,135 786,982, Median Household Income * $43,470 © $43,933 Per Capita Income * $23,634 © $25,922 *Source: US Census Bureau — Income reported i
Slide 5: 3rd Quarter 2006 Financial Results
38rd Quarter 2006 Financial Results 3rd Quarter) 3rd Quarter (dollars in thousands) 2006 2005 % CHG Net income $ 11,554| $ 9,870 17.1% EPS - diluted 0.53 0.44 20.5% Return on assets 1.13% 0.88% 28.4% Return on equity 10.97% 9.35% 17.3% Return on tangible equity 16.87% 14.49% 16.4% Net interest margi
Slide 6: Quarter 2006 Financial Results
3 Quarter 2006 Financial Results » Decrease in net interest income due to reduction in size of the balance sheet, competitive deposit pricing pressure, and overall flat yield curve, mitigated by increase in net interest margin. > 1* quarter balance sheet repositioning contributed to a 16 basis point
Slide 7: Loans & Deposits
Loans & Deposits LOANS 9/30/06 DEPOSITS 9/30/06 WV - $1,252 million WV - $1,958 million Non-WV - $1,635 million Non-WV - $1,062 million WY - Branches - 45 WV - ATM's - 64 Non-WV - Branches - 33 WesBaneo By all accounts, better.
Slide 8: Net Income / Earnings Per Share
Net Income / Earnings Per Share $16,000 $0.60 $12,000 Pear $0.40 $8,000 Wy $0.30 $0.20 $4,000 + $0.10 $0.00 $0.50 9/30/05. 12/31/05 3/3106 6/30/06 9/30/06 [Net Income —¢—Eamings Per Diluted Share By all accounts, better. @
Slide 9: Core Operating EPS
Core Operating EPS $2.00 ; 8 $1.75 5 5 = & = & & $1.50 © a $1.25 $1.00 $0.75 $0.50 $0.25 $0.00 t t i t 1 2001 2002 2003 2004 2005 Ww (S By all accounts, better. @
Slide 10: Composition of Loans
Composition of Loans 9/30/06 12/31/05 14.20% 39.00% OG Commercial OComm. R/E @ Residential R/E H Home Equity O Consumer OG Commercial O Comm. R/E @ Residential R/E 0 Home Equity WesBanco By all accounts, better. OG Consumer
Slide 11: Composition of Deposits
Composition of Deposits 9/30/06 12/31/05 16.36% 48.98% 14.66% GNon-int. bearing 0 Int. bearing ONon-int. bearing Int. bearing OMMDA Bi Savings O MMDA @ Savings oOcDs ocDs W (A w D WesBanco oT) By all accounts, better.
Slide 12: Credit Quality
Credit Quality In thousands Non-performing $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 4 0.60% 0.40% 0.20% 2Q05 3Q05 1Q06 2Q06 3Q06 [Total non-performing assets —@-NPA's as a % of total assets By all accounts, better. In thousands Net offs $4,500 $4,000 $3,500 $3,000 $2,500 $2,000
Slide 13: Core Non-interest Income as a % of Core Operating Revenue
Core Non-interest Income as a % of Core Operating Revenue* In thousands $14,000 + 28.39% ees, Ft 26.20% $12,000 + 93.19% 23.29% i $10,000 + $8,000 + $6,000 + $4,000 + | $2,000 + 7 $0 t t t t 3005 4Q05 1006 2006 3006 BBB Core norinterest income Core norvinterest income as a % of core operating revenu
Slide 14: Branch Optimization
Branch Optimization > ‘West Virginia Markets: > PatkersbugManetta- sold 4 branches in Ritchie County: opening tiew tanking tenler if Marietta, merging 3 existing locations info the new center ©0006). North Central - Opened new banking center in Kingwood (2005). Upper Ohio Valley < building « new ban
Slide 15: Shares Repurchased vs. Capital Levels
Shares Repurchased vs. Capital Levels 1,600 5 12.00% 1 9.629 Lap0 if 238% 9.23% | 10.00% 1,200 7 975% 8.00% 1,000 + 800 4 6.69% | 00% 600 + 4.00% 400 4 2.00% 200 + = t t t Ss t t 0.00% 2001 2002 2003 2004* 2005 = 9/30/2006 (Shares repurchased -t- Tier I leverage ~@- Tangible equity * 2004 repurchase
Slide 16: Stock Performance - Cumulative Return
Stock Performance - Cumulative Return 500.0% = ee — Ne st aa 150.0% ie val 0.0% =a - : r 50.0% "T1'78'79 G0 '81'82 83 "84 '85 ‘86 '87 "GH '89 "9D '91 '92 '93 94 95 '96'97 198 '99 00 '01 '02 03 04 Q1 02 QF Q4 O1 02 03 05 05 05 05 06 06 06 —- WesBanco 8 & P 500 WesBaico oT: By all accounts, better.
Slide 17: Business Strategies
Business Strategies vv Margin control. Cost control and FTE reduction. Reduction of 167 FTE’s since the Winton acquisition in 2005. > Service charge income and alternative fee income growth. Improved overdraft product. Growth in securities / insurance product lines. > Foaus on credit quality and rel
Slide 18: Key Investor Messages
Key Investor Messages » Increased dividend in February 2006 — 21 consecutive years of dividend increases. >» Dividend yield of 3.396. » Announced new 1 million share repurchase authorization. ¢ Repurchased approximately 1.4 million share in 2005 and 429 thousand shares year- to-date through Septembe
Slide 19: Financial Information
Financial Information For the Three Months Ended Sepiember 30, 2006 2005 2006 2005 G inthousands) Per Share Amts, GAAP - Net income /Per share $ 11554 3 9,870 $ 053 $ 0.44 Merger-related expenses, net of tax (1) = 9 e : Restructuring expenses, net of tax (1) = 371 . 0.03 Core operating eamings / Per
Slide 20: Reconciliation Table - Non-GAAP Financial Information
Reconciliation Table - Non-GAAP Financial Information For the Nine Months Ended September 30, 2006 2005 2006 2005 G in thousands) Per Share Amts. GAAP - Net income / Per share $ 28399 § 32,208 $ 130 $ 1.42 Merger-related expenses, net of tax (1) 2 918 * 0.04 Restructuring expenses, net of tax (1) 32
Slide 21: 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
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