Financial Data and Key Metrics Changes - For Q2 2023, net income available to common shareholders increased by 5.3% to $42.4 million, with diluted earnings per share of $0.71, excluding after-tax merger and restructuring charges [11][23] - The return on average tangible equity was reported at 13%, and the CET1 ratio stood at 11%, indicating strong capital levels [12] - Total assets reached $17.4 billion, with total portfolio loans of $11.1 billion, reflecting an 8% year-to-date annualized growth [25] Business Line Data and Key Metrics Changes - Total loan growth was 9% year-over-year and quarter-over-quarter annualized, with commercial loan growth increasing by 6% year-over-year and 7% sequentially [12][14] - Residential mortgage originations decreased by 37% year-over-year, totaling approximately $208 million for Q2 2023 [27] - Noninterest income rose to $31.8 million, up $4.9 million year-over-year, primarily due to higher commercial swap fees [32] Market Data and Key Metrics Changes - Total deposits remained flat compared to March 31 levels, despite industry-wide deposit contraction due to interest rate and inflationary pressures [19][28] - The loan-to-deposit ratio was reported at 85.4%, providing ample lending capacity [18] - The net interest margin for Q2 2023 was 3.18%, a decrease of 18 basis points from the previous quarter [30] Company Strategy and Development Direction - The company is focused on disciplined expense management while making strategic investments to ensure long-term growth [9][21] - There is an emphasis on expanding commercial loan production offices and hiring top-tier talent to enhance loan growth [14][43] - The company plans to maintain a balanced distribution across economically diverse major markets and strengthen diversified earnings streams [21] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued margin contraction in Q3 2023, similar to the 18 basis points seen in Q2, with expectations of a flat margin in Q4 [40][72] - The outlook for residential mortgage originations remains positive relative to industry trends, contingent on home price stabilization and interest rates [41] - The company is modeling Fed funds to peak at 5.75%, with expectations of lower deposit betas compared to peers [39] Other Important Information - The company has successfully retained more rate-sensitive customers through a recent CD campaign, increasing CD balances by $76 million quarter-over-quarter [31] - The management team is focused on maintaining a strong customer service culture combined with robust digital services [21] Q&A Session Summary Question: Loan growth expectations for the second half of the year - Management expects mid-to-upper single-digit growth, supported by a strong pipeline of approximately $810 million [48] Question: Potential new markets for expansion - The company is always looking for opportunities in new markets, focusing on finding the right talent [50] Question: Margin guidance and deposit mix assumptions - Management anticipates continued margin contraction and expects noninterest-bearing deposits to decrease to about 30% by year-end [52] Question: Loan-to-deposit ratio targets - The target for the loan-to-deposit ratio is low-90s, with current levels at 85% providing sufficient capacity for loan growth [53] Question: Swap fee income expectations - Management is targeting to double swap fee income compared to the previous year, aiming for around $4 million [56] Question: M&A strategy - The company remains opportunistic regarding M&A, focusing on existing footprints or contiguous states [73]

Financial Performance - Total interest and dividend income for Q1 2023 was $160,555,000, a 43% increase from $112,174,000 in Q1 2022[11] - Net interest income after provision for credit losses was $120,755,000 in Q1 2023, compared to $111,149,000 in Q1 2022, reflecting an increase of 8.5%[11] - Non-interest income decreased to $27,653,000 in Q1 2023 from $30,382,000 in Q1 2022, a decline of 8.9%[11] - Total non-interest expense increased to $96,125,000 in Q1 2023, up from $87,548,000 in Q1 2022, representing a rise of 9.1%[11] - Net income for Q1 2023 was $42,341,000, down from $44,124,000 in Q1 2022, a decrease of 4.0%[11] - Earnings per common share for Q1 2023 was $0.67, unchanged from Q1 2022[11] - Comprehensive income for Q1 2023 was $70,358,000, compared to a comprehensive loss of $62,068,000 in Q1 2022[13] - The company declared dividends of $0.35 per common share in Q1 2023, up from $0.34 in Q1 2022[11] Cash Flow and Investments - Net cash provided by operating activities decreased to $10,891,000 in Q1 2023 from $47,741,000 in Q1 2022, representing a decline of approximately 77.2%[16] - Net cash used in investing activities was $91,874,000 in Q1 2023, compared to $181,387,000 in Q1 2022, indicating a reduction of about 49.3%[16] - Net cash provided by financing activities increased to $270,075,000 in Q1 2023 from $251,786,000 in Q1 2022, reflecting an increase of approximately 7.3%[16] Shareholder Information - The average common shares outstanding decreased from 61,445,399 in Q1 2022 to 59,217,711 in Q1 2023[11] - Net income available to common shareholders was $39,810,000 in Q1 2023, down from $41,593,000 in Q1 2022, a decrease of approximately 4.3%[33] - Earnings per common share (basic and diluted) remained stable at $0.67 in Q1 2023, compared to $0.68 in Q1 2022, showing a slight decline of 1.5%[33] Credit Losses and Provisions - The provision for credit losses was $3,577,000 in Q1 2023, compared to a reversal of $3,438,000 in Q1 2022[11] - The total allowance for credit losses on loans and loan commitments as of March 31, 2023, is $127.825 million, a decrease from $126.158 million at the end of 2022[50] - The provision for loan losses for the three months ended March 31, 2023, was a net charge of $2.827 million, compared to a provision of $3.586 million in the previous year[50] - The total charge-offs for the period were $3.319 million, while recoveries amounted to $1.400 million, resulting in net charge-offs of $1.919 million[50] Securities and Investments - The total available-for-sale debt securities amounted to $2.77 billion with a fair value of $2.47 billion as of March 31, 2023, showing a decrease in unrealized losses from $345.9 million to $309.2 million[37] - The total held-to-maturity debt securities were valued at $1.24 billion with a fair value of $1.11 billion as of March 31, 2023, reflecting a decrease in unrealized losses from $164.8 million to $132.9 million[40] - The total debt securities reached $4.01 billion with a fair value of $3.57 billion, indicating total unrealized losses of $442.17 million[41] - Proceeds from the sale of available-for-sale securities for the three months ended March 31, 2023, totaled $20.5 million, compared to $0 million for the same period in 2022[41] Loan Portfolio - The fair value of total loans as of March 31, 2023, was $10.9 billion, an increase from $10.7 billion as of December 31, 2022[48] - The total commercial real estate loans increased to $6.2 billion as of March 31, 2023, compared to $6.1 billion at the end of 2022[48] - The recorded investment in residential real estate loans rose to $2.3 billion as of March 31, 2023, up from $2.1 billion at December 31, 2022[48] - The total portfolio loans amounted to $10.888688 billion as of March 31, 2023, up from $10.702728 billion as of December 31, 2022, indicating a growth of approximately 1.73%[51] Risk Management and Derivatives - The company has transitioned away from LIBOR, adopting the One Month Term Secured Overnight Financing Rate (1M Term SOFR) as its alternative replacement rate, reflecting proactive risk management in interest rate exposure[31] - The total amount of interest rate swaps and caps with commercial banking customers reached an aggregate notional amount of $1.1 billion as of March 31, 2023, up from $0.9 billion at December 31, 2022[78] - Wesbanco recognized income of $1.8 million from swap and cap fees for the three months ended March 31, 2023, compared to $0.2 million for the same period in 2022, indicating a significant increase[78] Other Financial Metrics - The total commitments to extend credit as of March 31, 2023, amounted to $4.93 billion, an increase from $4.62 billion at December 31, 2022, with lines of credit rising to $3.94 billion from $3.81 billion[124] - For the three months ended March 31, 2023, total trust fees were $7,494,000, a decrease from $7,835,000 in the same period of 2022, representing a decline of approximately 4.4%[117] - The total service charges on deposits for the same period were $6,170,000, slightly up from $6,090,000 in 2022, indicating a growth of about 1.3%[117]

Financial Data and Key Metrics Changes - For Q1 2023, the company reported net income available to common shareholders of $42.3 million, with diluted earnings per share of $0.71, excluding after-tax merger and restructuring charges [7][24] - The return on average assets was 1.01%, and return on tangible equity was 13.5% [8] - Total assets reached $17.3 billion, with total portfolio loans of $10.9 billion and securities of $3.7 billion [25] Business Line Data and Key Metrics Changes - Total loan growth was 11.9% year-over-year, with residential real estate loans benefiting from retaining approximately 70% of originated mortgages [12][13] - Commercial loan growth was 9% year-over-year, with a pipeline of $1.1 billion, reflecting a 25% increase since year-end [15] - Noninterest income decreased to $27.7 million, down $2.7 million year-over-year, primarily due to lower bank-owned life insurance and mortgage banking income [30] Market Data and Key Metrics Changes - Total deposits at the end of Q1 were $12.9 billion, down 2% or $260 million compared to December 31, 2022 [27] - The net interest margin increased to 3.36%, up 41 basis points year-over-year, but decreased 13 basis points from the previous quarter [28] - Average first quarter C&I line utilization was 32.5%, a year-over-year decrease of approximately 350 basis points [25] Company Strategy and Development Direction - The company is focused on long-term sustainable growth through disciplined expense management and maintaining high credit standards [9][18] - Plans to hire additional commercial bankers primarily in C&I, while monitoring the operating environment [19] - The company aims to strengthen diversified earning streams and enhance customer service through robust digital services [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate broader industry volatility and maintain credit quality [5][6] - The outlook for 2023 anticipates Fed funds to peak at 5.25% and expects deposit betas to be lower than peers [37] - Management acknowledged potential margin compression due to rising funding costs and ongoing economic uncertainty [48] Other Important Information - The company received recognition for soundness, profitability, and customer service, being named one of America's best banks for the 13th time since 2010 [21][23] - The capital position remains solid, with regulatory ratios above well-capitalized standards [34] Q&A Session Summary Question: Margin pressure expectations over the next few quarters - Management indicated that while there may be some margin compression, they are slightly asset sensitive and have seen improvements in commercial loan rates [46][49] Question: Impact of Fed actions on margin and funding - Management noted that if the Fed stops increasing rates, it could ease pressure on margins, allowing for better management of the deposit base [54] Question: Loan demand trends and line utilization - Management explained that higher interest rates have led to decreased line utilization, but they maintain a robust loan pipeline [56][60] Question: Non-interest bearing deposit mix shift - Management discussed efforts to generate core deposits and the potential for higher non-interest bearing deposits compared to pre-pandemic levels [66][70] Question: Office portfolio risk assessment - Management expressed confidence in their office portfolio, emphasizing the suburban nature of their loans and careful monitoring of occupancy rates [72][76]

Financial Performance - Pre-tax, pre-provision income reached $59 million, a 13.2% year-over-year increase[4] - Net income available to common shareholders was $42.3 million, or $0.71 per diluted share[4] - The efficiency ratio was 60.66%[4] - Return on average tangible equity was 13.48%[5] - Net interest margin was 3.36%, up 41 basis points year-over-year but down 13 basis points sequentially[5, 19] Loan Portfolio - Total loan growth was 11.9% year-over-year and 7.0% annualized quarter-over-quarter[4, 6] - The investment office loan portfolio totaled $465 million, comprising approximately 310 loans[9] - Commercial & Industrial loans represent 14% of the total loan portfolio[9] - Commercial Real Estate loans (including owner-occupied and other) constitute 53% of the total loan portfolio[9] Deposits and Securities - Total deposits amounted to $12.9 billion, a 2.0% decrease compared to the previous quarter[13, 14] - Uninsured deposits, after exclusions, represented 24.7% of total deposits[13] - Total securities were $3.717 billion[16] - Unrealized losses on securities (after-tax) were $234 million for Available-for-Sale (AFS) and $101 million for Held-to-Maturity (HTM)[16] Credit Quality - Non-performing assets to total assets ratio was 0.24%[4, 5] - Net loan charge-offs to average loans (annualized) was 0.07%[5] - Allowance for credit losses as a percentage of total loans was 1.09%[24, 25]

Financial Performance - As of December 31, 2022, Wesbanco's total assets were approximately $16.9 billion[14] - For the year ended December 31, 2022, Wesbanco declared cash dividends of approximately $10.1 million to preferred shareholders and $81.3 million to common shareholders[44] - Wesbanco's Common Equity Tier 1 (CET1) ratio was 11.20%, Tier 1 capital ratio was 12.33%, and total capital ratio was 15.11%, all exceeding minimum requirements[61] - Wesbanco Bank's CET1 ratio was 12.22%, Tier 1 capital ratio was 12.22%, and total capital ratio was 12.81% as of December 31, 2022, indicating strong capital adequacy[61] - Wesbanco's leverage ratio was 9.90% as of December 31, 2022, indicating a strong capital position relative to its total assets[61] - Wesbanco Bank is classified as "well capitalized" under FDIC regulations, allowing it to pay dividends without restrictions as long as it remains adequately capitalized[45] - Wesbanco could receive up to $116.8 million in dividends from Wesbanco Bank without prior regulatory approval as of December 31, 2022[48] Employee and Workforce - Wesbanco employed 2,426 full-time equivalent employees, with an average tenure of approximately 10 years[27] - The turnover rate for Wesbanco's employees in 2022 was 18.98%, while the turnover rate for officers was 9.13%[28] - The company has a diverse workforce, with 9.6% of employees being minorities and 53.6% of officers being women[28] - The company has engaged in leadership training and talent development programs, contributing to its recognition as one of the best workplaces in several markets[32] - Wesbanco's corporate culture emphasizes customer and employee-centric values, focusing on long-term relationships and community engagement[29] Community Engagement and Philanthropy - Wesbanco made over $1.2 million in philanthropic donations in support of communities across its footprint in the past year[33] - Wesbanco originated over $1.9 billion in community development loans in the past five years, supporting local communities[97] - Wesbanco CDC has made over 219 loans totaling over $167 million, creating over 6,200 jobs in low-income, distressed communities[96] - The FDIC assigned Wesbanco an "Outstanding" rating for community development performance for the period of October 2016 through July 2019, marking the seventh consecutive "Outstanding" CRA rating[95] - Wesbanco's commitment to community development includes thousands of hours of employee volunteer work and significant philanthropic donations[97] - Wesbanco has been recognized with the "America Saves Designation of Savings Excellence for Banks" for seven consecutive years[96] - The bank has deployed hundreds of thousands of dollars in philanthropic donations to support local organizations[97] - Wesbanco has leveraged its membership in the Federal Home Loan Bank to sponsor Affordable Housing Program grant applications[97] - The bank's commitment to community development includes thousands of hours of technical assistance and financial education provided by employees[97] - Wesbanco's New Markets Loan Program was recognized with a Community Commitment Award by the ABA Foundation[96] Regulatory Compliance and Capital Management - Wesbanco is subject to enhanced prudential supervision due to exceeding the $10 billion asset threshold[36] - The company is subject to the Durbin Amendment, which caps debit card interchange fees at $0.21 plus an additional 0.05% of the transaction value, affecting its interchange income since July 2019[77] - Wesbanco's total assets exceeded $15 billion as of December 31, 2022, affecting the treatment of trust preferred securities in its capital calculations[62] - The Federal Reserve Board requires a minimum CET1 ratio of at least 4.5%, Tier 1 capital ratio of at least 6%, and total capital ratio of at least 8%[57] - The Dodd-Frank Act requires annual company-run stress tests for bank holding companies with total consolidated assets greater than $100 billion, but Wesbanco is not subject to these rules as it has less than $100 billion in average total consolidated assets[78] - Wesbanco is not subject to the Federal Reserve Enhanced Prudential Standards as it currently has less than $50 billion in consolidated assets[81] - The Volcker Rule limits Wesbanco's ability to engage in proprietary trading and invest in hedge funds or private equity funds, with compliance requirements revised effective January 1, 2020[72] - Wesbanco's gross consolidated trading assets and liabilities have been below $1 billion for four consecutive quarters, allowing it to meet the limited trading compliance presumption under the Volcker Rule[72] - Wesbanco made a timely permanent election to exclude accumulated other comprehensive income from regulatory capital[61] - The Dodd-Frank Act made changes affecting securitization markets, requiring sponsors to retain at least 5% of the credit risk in securitizations[82] Branch and ATM Operations - The company operates 194 branches and 188 ATMs across several states, including West Virginia and Ohio[14] - Wesbanco has 194 branches and 188 ATM machines across multiple states, enhancing its market presence[14] Economic and Legislative Context - The Economic Aid Act provided extensions and amendments to the CARES Act, allowing for additional funding under the Paycheck Protection Program (PPP) through March 31, 2021[86] - The Paycheck Protection Program Flexibility Act allowed borrowers additional time and flexibility to use PPP loan proceeds, reflecting the ongoing impact of the COVID-19 pandemic[86] - The Economic Aid Act extended the relief for troubled debt restructuring (TDRs) until December 31, 2021, allowing banks to modify loans without TDR classification[87] - The Federal Reserve's Main Street Lending Program (MSLP) was terminated as of January 8, 2021, impacting lending to small and medium-sized businesses[88] - The CARES Act established the Paycheck Protection Program (PPP) to provide guaranteed loans to eligible businesses during the COVID-19 pandemic, which Wesbanco participates in[86] - The three primary banking regulators are expected to release a joint interagency proposal for CRA modernization in 2023[98]

Financial Data and Key Metrics Changes - For Q4 2022, the company reported net income available to common shareholders of $49.7 million and diluted earnings per share of $0.84, excluding after-tax merger and restructuring charges [7] - Full-year net income available to common shareholders was $183.3 million, with diluted earnings per share of $3.04 [7] - The return on average assets was 1.18% and return on tangible equity was 16.05% [8] - Total assets as of December 31, 2022, were $16.9 billion, with total portfolio loans of $10.7 billion and total securities of $3.8 billion [19] Business Line Data and Key Metrics Changes - Total loan growth, excluding SBA PPP loans, was 11.7% year-over-year and 4.2% quarter-over-quarter [12] - Residential real estate loans increased more than 20% year-over-year and sequentially [13] - Total commercial loan growth was 9.6% year-over-year and 4.1% quarter-over-quarter [13] Market Data and Key Metrics Changes - Total deposits as of December 31, 2022, were $12.2 billion, essentially flat compared to the prior year [20] - Non-interest-bearing deposits improved to 36% of total deposits [20] - The net interest margin for Q4 2022 was 3.49%, an increase of 16 basis points sequentially and 52 basis points year-over-year [21] Company Strategy and Development Direction - The company aims to maintain a strong organization for shareholders through sustainable earnings growth and effective capital management [6] - Plans to continue investing in employee retention and hiring to support long-term growth [15][16] - The company is focused on expanding its presence in higher growth markets across six states [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth, projecting upper single-digit growth on a long-term basis [35] - The company remains asset-sensitive and expects the federal funds rate to peak at 5% in Q1 2023 [28] - Management indicated that they will continue to evaluate existing lenders to ensure productivity while adding high-value individuals to enhance growth opportunities [17] Other Important Information - The efficiency ratio improved to 56.9%, reflecting effective cost control amidst inflationary pressures [25] - The quarterly dividend was increased from $0.34 to $0.35 per share, representing a 2.9% increase [27] - The company plans to invest more in marketing to support growth across its markets [32] Q&A Session Summary Question: Loan growth expectations and deposit ratios - Management indicated that loan growth is economy-dependent, aiming for upper single-digit growth long-term, and plans to maintain a loan-to-deposit ratio around 90% to 95% [35][38] Question: Credit quality and reserve ratio - The reserve ratio has decreased due to qualitative factors rolling off, with future provisioning dependent on macroeconomic forecasts and loan growth [39][40] Question: Funding costs and interest rates - Management acknowledged the impact of rising interest rates on funding costs but emphasized their strong core funding base allows them to lag behind peers [42][44] Question: Loan growth drivers in Q4 - Loan growth was primarily driven by hiring in existing markets rather than new loan production offices, with a lower level of commercial real estate payoffs contributing positively [46][48] Question: Capital management and buybacks - The company is cautious about buybacks, evaluating the impact of AOCI and tangible book value before making decisions [50][51] Question: M&A strategy - Currently, the company is not actively pursuing M&A but remains open to opportunities in higher-growth markets where they have established loan production offices [54][56]

Fourth Quarter 2022 Earnings Call Presentation 24 January 2023 Forward-Looking Statements and Non-GAAP Financial Measures Forward-looking statements in this report 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 information contained in this report should be read in conjunction with WesBanco's Form 10-K for the year ended December 31, 2021 and ...

Financial Performance - Net income available to common shareholders for the three months ended September 30, 2022, was $50,502 thousand, up from $41,877 thousand in the same period of 2021, reflecting a growth of approximately 20.0%[11]. - Net income for the three months ended September 30, 2022, was $53,033, compared to $44,408 for the same period in 2021, representing an increase of 19.5%[13]. - For the nine months ended September 30, 2022, net income available to common shareholders was $132,309,000, down from $180,518,000 in 2021, indicating a decrease of 26.7%[28]. - Basic earnings per common share for the three months ended September 30, 2022, was $0.85, compared to $0.64 for the same period in 2021, an increase of approximately 32.8%[11]. - Diluted earnings per common share for the nine months ended September 30, 2022, was $2.19, compared to $2.71 in 2021, a decline of 19.2%[28]. Asset and Equity Changes - Total assets decreased to $16,604,747 thousand as of September 30, 2022, down from $16,927,125 thousand at December 31, 2021, representing a decline of approximately 1.9%[10]. - As of September 30, 2022, total shareholders' equity decreased to $2,395,652, down from $2,467,951 as of June 30, 2022, reflecting a decline of approximately 2.9%[13]. - Total deposits decreased to $13,444,366 thousand as of September 30, 2022, from $13,565,863 thousand at December 31, 2021, a decrease of about 0.9%[10]. - Total securities decreased to $3,919,954 thousand as of September 30, 2022, from $4,031,483 thousand at December 31, 2021, a decline of about 2.8%[10]. Credit Losses and Provisions - The allowance for credit losses on loans was $114,584 thousand as of September 30, 2022, compared to $121,622 thousand at December 31, 2021, indicating a reduction of approximately 5.8%[10]. - The total allowance for credit losses for loans and loan commitments increased to $123,522,000 as of September 30, 2022, compared to $129,397,000 at the beginning of the year, reflecting a decrease of approximately 4.5%[44]. - The provision for loan losses showed a significant improvement with a provision of $(5,907,000) for the nine months ended September 30, 2022, compared to $(48,422,000) for the same period in 2021, indicating a reduction in credit loss provisions[44]. - The net charge-offs for the period were $(1,131,000), a decrease from $(7,038,000) in the previous year, demonstrating improved credit quality[44]. Loan Portfolio and Performance - The total recorded investment in loans as of September 30, 2022, was $10.29 billion, an increase from $9.76 billion as of December 31, 2021[42]. - The total portfolio loans, including commercial and industrial, residential real estate, and consumer loans, reached $10.28 billion as of September 30, 2022[42]. - Nonperforming loans totaled $42,361 as of September 30, 2022, compared to $49,794 as of December 31, 2021, indicating a decrease of approximately 15%[55]. - The total amount of classified loans, considered substandard and doubtful, was $86.861 million as of September 30, 2022, compared to $116.013 million as of December 31, 2021, a decrease of approximately 25.2%[51]. Non-Interest Income and Expenses - Non-interest income for the nine months ended September 30, 2022, was $89,622 thousand, down from $102,076 thousand in the same period of 2021, a decline of about 12.2%[11]. - Total non-interest expense for the three months ended September 30, 2022, was $91,941 thousand, slightly down from $94,701 thousand in the same period of 2021, a decrease of about 2.9%[11]. - The trust and investment services segment reported non-interest income of $6.5 million for Q3 2022, down from $7.3 million in Q3 2021, a decrease of 11.0%[125]. - Mortgage banking income for the three months ended September 30, 2022, was $1,257,000, down from $4,563,000 in 2021, reflecting a significant decrease of 72.5%[117]. Market and Economic Conditions - Wesbanco is currently assessing the impact of several new accounting standards updates on its consolidated financial statements, including ASU 2022-04 and ASU 2022-03, which may affect future disclosures[21][22]. - The company has implemented a transition plan to replace LIBOR with the One Month Term Secured Overnight Financing Rate (1M Term SOFR) for its financial instruments, with no material impacts expected at this time[27]. - The company reported a net cash used in investing activities of $775,142 for the nine months ended September 30, 2022, compared to $403,997 in 2021, indicating a significant increase in investment outflows[16]. Shareholder Returns - The company declared dividends of $0.34 per common share for the three months ended September 30, 2022, compared to $0.33 in the same period of 2021, reflecting an increase of approximately 3.0%[11]. - Common dividends declared were $20,024 for Q3 2022, with a per share dividend of $0.34, compared to $21,108 and $0.33 per share in Q3 2021, indicating a decrease of 5.1%[13]. - The allowance for credit losses associated with commitments was $8.9 million as of September 30, 2022, compared to $7.8 million at December 31, 2021[120].

WesBanco, Inc. (NASDAQ:WSBC) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants John Iannone - SVP Investor Relations Todd Clossin - President and CEO Jeff Jackson - Senior EVP and COO Dan Weiss - EVP and CFO Conference Call Participants David Bishop - Hovde Group Daniel Cardenas - Janney Montgomery Scott Manuel Navas - D.A. Davidson Operator Hello and welcome to the WesBanco, Inc. Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [O ...

Third Quarter 2022 Earnings Call Presentation 25 October 2022 Forward-Looking Statements and Non-GAAP Financial Measures Forward-looking statements in this report 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 information contained in this report should be read in conjunction with WesBanco's Form 10-K for the year ended December 31, 2021 and ...