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 ...

Financial Performance - Net income for the three months ended June 30, 2022, was $42,748 thousand, down 39.6% from $70,588 thousand in the prior year[9]. - Basic earnings per common share decreased to $0.67 for the three months ended June 30, 2022, compared to $1.02 for the same period in 2021, a decline of 34.3%[9]. - Comprehensive loss for the three months ended June 30, 2022, was $22.001 million, compared to a comprehensive income of $73.371 million in the same period of 2021[11]. - Net income available to common shareholders for the six months ended June 30, 2022, was $81,807 thousand, down from $138,641 thousand in 2021, a decrease of about 41.0%[25]. - Net income available to common shareholders for Q2 2022 was $40.2 million, or $0.67 per diluted share, down from $68.1 million and $1.01 per diluted share in Q2 2021[125]. Asset and Loan Portfolio - Total assets decreased to $16,799,624 thousand as of June 30, 2022, from $16,927,125 thousand at December 31, 2021, representing a decline of approximately 0.76%[8]. - Net portfolio loans increased to $10,091,286 thousand, up from $9,611,856 thousand, reflecting a growth of about 4.98% year-over-year[8]. - Total portfolio loans amounted to $10.208 billion as of June 30, 2022, an increase from $9.733 billion as of December 31, 2021, representing a growth of about 4.9%[49]. - The fair value of total loans increased to $10.23 billion as of June 30, 2022, compared to $9.76 billion as of December 31, 2021, reflecting a growth of approximately 4.8%[39]. - The total commercial real estate portfolio increased to $5.85 billion as of June 30, 2022, up from $5.54 billion as of December 31, 2021, indicating a growth of approximately 5.6%[39]. Income and Expenses - Total interest and dividend income for the three months ended June 30, 2022, was $118,447 thousand, a decrease of 6.8% compared to $123,327 thousand for the same period in 2021[9]. - Total non-interest income decreased to $26,983 thousand for the three months ended June 30, 2022, down from $36,112 thousand in 2021, a reduction of approximately 25.3%[9]. - Total non-interest expense increased to $87,019 thousand for the three months ended June 30, 2022, compared to $83,812 thousand in the prior year, an increase of about 3.0%[9]. - Non-interest income for the three months ended June 30, 2022, was $26.98 million, compared to $36.11 million in the same period of 2021[119]. - Non-interest expense for the three months ended June 30, 2022, was $87.02 million, compared to $83.81 million in Q2 2021[119]. Credit Losses and Provisions - The provision for credit losses was $(812) thousand for the three months ended June 30, 2022, significantly lower than $(21,025) thousand in the same period of 2021[9]. - The total allowance for credit losses for loans and loan commitments increased to $125,121,000 as of June 30, 2022, compared to $129,397,000 at the beginning of the year[41]. - The provision for loan losses showed a significant decrease of $4,190,000 for the six months ended June 30, 2022, compared to a provision of $45,138,000 for the same period in 2021[41]. - The allowance for credit losses on loans increased to $117,403,000 as of June 30, 2022, from $121,622,000 at the end of the previous year[41]. - The total allowance for credit losses was $125.1 million as of June 30, 2022, representing 1.15% of total portfolio loans, down from 1.25% as of December 31, 2021[193]. Deposits and Borrowings - Total deposits remained stable at $13,569,302 thousand as of June 30, 2022, compared to $13,565,863 thousand at December 31, 2021[8]. - Non-interest bearing demand deposits increased by $147.9 million, or 3.2%, to $4.74 billion as of June 30, 2022, compared to $4.59 billion at December 31, 2021[201]. - Certificates of deposit decreased by $187.3 million from December 31, 2021, primarily due to a corporate strategy aimed at increasing retail deposit relationships[203]. - Federal Home Loan Bank borrowings decreased by $61.3 million, or 33.3%, to $122.7 million as of June 30, 2022[204]. - Subordinated debt and junior subordinated debt increased by $148.1 million to $280.9 million, attributed to the issuance of $150 million in subordinated debentures on March 23, 2022[206]. Securities and Investments - Total available-for-sale debt securities amounted to $3,116,057 thousand with a fair value of $2,884,651 thousand as of June 30, 2022, reflecting a decrease in unrealized losses of $232,379 thousand compared to December 31, 2021[28]. - The total debt securities reached $4,397,352 thousand with a fair value of $4,038,245 thousand, indicating a net unrealized loss of $362,037 thousand[32]. - The fair value of equity securities decreased from $13,466 thousand on December 31, 2021, to $11,413 thousand by June 30, 2022, reflecting a decline of approximately 15.2%[89]. - The total gross unrealized securities losses rose to $362.0 million from $40.3 million, reflecting increased market rates[168]. - The weighted average yield of the investment portfolio increased from 1.89% to 2.17%[167]. Loan Quality and Performance - Non-performing loans decreased by $4.2 million or 10.6% from December 31, 2021, with total non-performing assets at $35.324 million[189]. - The annualized net loan charge-offs were 0% for Q2 2022, compared to (0.03)% for Q2 2021, indicating improved credit quality[128]. - Total nonperforming loans as of June 30, 2022, were $45,172,000, compared to $49,794,000 as of December 31, 2021[52]. - The total classified loans, including substandard and doubtful, amounted to $126.257 million as of June 30, 2022, compared to $116.013 million as of December 31, 2021, indicating an increase of about 8.8%[49]. - The risk grading system for commercial loans emphasizes debt service coverage, leverage, and loan-to-value ratios, which are critical in assessing loan quality[44]. Economic and Market Conditions - The company operates through 193 branches and 190 ATMs across multiple states, significantly impacted by economic factors such as market interest rates and local economic conditions[123]. - Core net interest margin is expected to increase in the remainder of 2022 and into 2023 due to higher earning asset yields and anticipated federal funds rate increases[138]. - The effective tax rate for Q2 2022 was 19.4%, down from 20.9% in Q2 2021, with a decrease in the provision for income taxes by $8.3 million[132]. - The company intends to continue focusing on core deposit strategies and improving the overall mix of transaction accounts to total deposits[203]. - The company does not generally solicit brokered deposits but participates in the Certificate of Deposit Account Registry Services (CDARS®) program, with balances totaling $37.7 million as of June 30, 2022[203].

Financial Data and Key Metrics Changes - For Q2 2022, the company reported net income available to common shareholders of $40.3 million and diluted earnings per share of $0.67, excluding after-tax merger and restructuring charges [7][21] - Total assets reached $16.8 billion, with total portfolio loans at $10.2 billion and total securities at $4.2 billion, reflecting a 7.7% year-over-year increase in total securities [22] - The net interest margin improved to 3.03%, an increase of eight basis points sequentially, driven by a 125 basis point increase in the federal funds rate [25][26] Business Line Data and Key Metrics Changes - Total loans increased by 3.8% year-over-year, with strong growth in real estate loans, and a sequential increase of 5.4% or 21.8% annualized [23] - Residential mortgage originations totaled $328 million, a 21% increase from Q1 2022, with 90% of originations attributed to home construction and purchases [13][27] - Commercial loan growth was 21% annualized, supported by a robust commercial pipeline of approximately $825 million as of June 30 [10][11] Market Data and Key Metrics Changes - Total deposits increased year-over-year to $13.6 billion, despite a sequential decrease, with non-interest bearing deposits representing a record 35% of total deposits [24] - The company experienced strong deposit inflows from shale-related activities, with quarterly inflows ranging from $15 million to $25 million due to high natural gas prices [68] Company Strategy and Development Direction - The company remains focused on organic growth potential while balancing risk and credit quality, targeting mid to upper single-digit growth over time [16][54] - Strategic investments in hiring commercial lenders and expanding loan production offices in high-growth markets like Kentucky and Maryland are ongoing [15][39] - The company is opportunistic regarding M&A but does not prioritize it as a major focus [8] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued margin improvement as recent Fed rate increases impact interest income on earning assets [20][33] - The company expects to maintain a disciplined approach to expenses, projecting a 6% to 8% increase in operating expenses for Q3 2022 due to hiring and inflationary pressures [39][71] - The provision for credit losses will depend on macroeconomic factors, with a focus on unemployment rates as the primary driver for CECL reserves [40][88] Other Important Information - The company received national accolades for employee satisfaction and financial success, being recognized as one of America's most trustworthy companies [19][18] - The management team is preparing for a leadership transition, with Todd Clossin announcing his retirement and Jeff set to take over [90][92] Q&A Session Summary Question: Can you unpack the loan growth and potential for further increases in line utilization? - Management noted that commercial real estate payoffs have moderated, and C&I line utilization is still below historical ranges, indicating potential for growth [50][51] Question: What is the outlook for deposit sensitivity with later rate hikes? - Management expects to lag the market in deposit pricing but is monitoring the situation closely due to strong deposit inflows [66][67] Question: What is the expected expense growth with new hires? - Management indicated that while expenses will increase due to new hires, they expect positive operating leverage to offset these costs [100][101] Question: How are you thinking about fee income for the second half of the year? - Management expects trust fees to remain stable, with mortgage banking income dependent on customer preferences and market conditions [79][80] Question: What factors will influence the CECL reserve going forward? - Management highlighted that unemployment is the primary driver for CECL reserves, with a slightly negative view on unemployment impacting their forecasts [88][89]

Second Quarter 2022 Earnings Call Presentation 26 July 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 do ...

(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39442 WESBANCO, INC. (Exact name of Registrant as specified in its charter) WEST VIRGINIA 55-0571723 1 Bank Plaza, Wheeling, WV 26003 ...

By all accounts, better. Investor Presentation (Q1 2022) (WSBC financials as of the three months ended 31 December 2021) John Iannone Senior Vice President, Investor & Public Relations 304-905-7021 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. Th ...

WesBanco, Inc. (NASDAQ:WSBC) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Todd F. Clossin – President and Chief Executive Officer Dan Weiss – Executive Vice President and Chief Financial Officer John Iannone – Senior Vice President of Investor Relations and Public Relations Conference Call Participants Casey Whitman – Piper Sandler Karl Shepard – RBC Capital Markets Stuart Lotz – KBW Russell Gunther – D.A. Davidson Steve Moss – B Riley, FBR Broderick Preston – Stephens In ...

Financial Performance - As of December 31, 2021, Wesbanco's total assets were approximately $16.9 billion[12] - For the year ended December 31, 2021, Wesbanco declared cash dividends of approximately $95.8 million to its preferred and common shareholders[39] - Wesbanco's leverage ratio was 10.02% and the Bank's leverage ratio was 9.68% as of December 31, 2021[52] - Wesbanco Bank was classified as "well capitalized" as of December 31, 2021, allowing it to pay dividends without restrictions[40] - As of December 31, 2021, Wesbanco's Common Equity Tier 1 (CET1), Tier 1, and total capital to risk-adjusted assets ratios were 12.77%, 14.05%, and 15.91%, respectively, all exceeding minimum requirements[52] - Wesbanco Bank's CET1, Tier 1, and total capital to risk-adjusted assets ratios were 13.60%, 13.60%, and 14.31%, respectively, as of December 31, 2021[52] - The bank's total assets were above $15 billion as of December 31, 2021, thus it is no longer able to count trust preferred securities as Tier 1 capital[53] - The Federal Reserve requires banks to maintain a CET1 ratio of at least 4.5%, a Tier 1 capital ratio of at least 6%, and a total capital ratio of at least 8%[50] Regulatory Compliance - Wesbanco is subject to enhanced prudential supervision due to exceeding the $10 billion asset threshold, impacting its regulatory compliance[32] - The Dodd-Frank Act requires Wesbanco to act as a source of financial strength to its subsidiary bank, which may necessitate capital infusions during troubled times[38] - The Dodd-Frank Act has led to reforms affecting Wesbanco's businesses, including enhanced prudential requirements for risk management and capital[62] - Wesbanco's capital levels are monitored under the FDIC regulations, which impose restrictions on undercapitalized institutions[57] - The Dodd-Frank Act has led to numerous reforms in the U.S. financial system, impacting Wesbanco's operations through regulations on capital, liquidity, and risk management[62] - 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[68][69] - Wesbanco is not subject to the Federal Reserve's stress-test rules as it has less than $100 billion in average total consolidated assets[69] Community Engagement - Wesbanco made over $0.9 million in philanthropic donations in support of communities across its footprint in the past year[30] - Wesbanco originated over $1.5 billion in community development loans in the past five years, supporting financial needs in low-income communities[83] - Wesbanco Bank has received an "Outstanding" CRA rating from the FDIC for seven consecutive examinations, reflecting its commitment to community development[82] - Wesbanco's community development initiatives include partnerships with governmental and non-profit agencies to assist low- and moderate-income customers[83] - The bank has deployed hundreds of thousands of dollars in philanthropic donations to support local organizations[83] - Wesbanco Bank partners with governmental and non-profit agencies to provide special programs for low- and moderate-income customers[83] Workforce and Culture - Wesbanco employed 2,389 full-time equivalent employees, with an average tenure of over 9 years[24] - The turnover rate for Wesbanco's total employees in 2021 was 23.03%, while the turnover rate for officers was just 5.47%[25] - The company has a diverse workforce, with 9% of employees being minorities and 54% of officers being women[25] - Wesbanco's corporate culture emphasizes customer and employee-centric values, aiming to build long-term relationships through effective service[26] Market Position and Competition - The company has faced significant competitive pressure due to consolidation within the financial services industry and the expansion of larger financial institutions[31] - Wesbanco's trust and investment services segment faces intense competition from various financial institutions, including banks and investment firms, which may impact its market share and profit potential[31] - Wesbanco's expansion into larger metropolitan markets has led to increased competition from established banks with larger customer bases[31] Regulatory Changes and Impact - The Durbin Amendment caps debit card interchange fees at $0.21 plus an additional 0.05% of the transaction value, affecting Wesbanco's interchange income since July 2019[67] - The Volcker Rule limits Wesbanco's ability to engage in proprietary trading and invest in hedge funds, with compliance requirements adjusted as of January 1, 2020[64] - Wesbanco has gross consolidated trading assets and liabilities below $1 billion, qualifying for the limited trading compliance presumption under the Volcker Rule[64] - The CFPB's regulations, resulting from the Dodd-Frank Act, have increased compliance requirements for Wesbanco, particularly in mortgage lending and consumer protection laws[79] - The TRID rules, effective October 3, 2015, have created significant compliance challenges for Wesbanco in real estate lending transactions[80] Financial Services and Products - Wesbanco's subsidiaries include Wesbanco Insurance Services and Wesbanco Securities, which provide a range of financial services[13][14] - Wesbanco Securities provides customer protection for securities accounts up to $500,000, with a cash balance limit of $250,000[85] - Wesbanco has developed innovative loan and deposit products to meet the financial needs of its customers[83] - Wesbanco adopted the CECL methodology effective January 1, 2020, and opted for a five-year transition period to manage its regulatory capital[78] Government Programs - The CARES Act established the Paycheck Protection Program (PPP) to provide guaranteed loans to eligible businesses during COVID-19, which Wesbanco participates in[75] - The Economic Aid Act extended the PPP loan program, providing additional funds and flexibility for borrowers affected by the pandemic[75] - The Economic Aid Act extended the relief for loan modifications related to COVID-19 until December 31, 2021, allowing banks to assist affected borrowers[76]

Fourth Quarter 2021 Earnings Call Presentation 25 January 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, 2020 and ...

Financial Data and Key Metrics Changes - For Q4 2021, the company reported net income available to common shareholders of $51.8 million and diluted earnings per share of $0.82, excluding after-tax merger and restructuring charges [5][20] - For the full year 2021, net income available to common shareholders was $237.4 million, with diluted earnings per share of $3.62, reflecting strong returns on average assets and average tangible equity of 1.4% and 15.22% respectively [5][20] - Total assets as of December 31, 2021, were $16.9 billion, with total portfolio loans of $9.7 billion and total securities of $4.0 billion, marking a 48.1% year-over-year increase in total securities [21][23] Business Line Data and Key Metrics Changes - The residential lending group achieved record mortgage originations of $1.4 billion in 2021, with a 4% non-annualized sequential growth in residential loans during Q4 [12][27] - The company generated $1.8 billion in new commercial loan production in 2021, with approximately 30% occurring in Q4 [13] - Total portfolio loans decreased by 4.9% year-over-year and 0.7% sequentially, primarily due to elevated commercial real estate payoffs [22] Market Data and Key Metrics Changes - Total deposits increased to $13.6 billion, driven by growth in total demand deposits, which represent approximately 59% of total deposits [23] - Commercial real estate payoffs totaled $160 million in Q4, remaining above the historical average but showing a decline from the previous quarter [22] Company Strategy and Development Direction - The company is focused on organic growth and plans to make strategic hires to enhance its ability to leverage growth opportunities [3][17] - The management is committed to expense management while continuing to invest in technology and employee development [15][32] - The company is exploring additional branch optimization strategies and anticipates consolidating around 10 more branches in the near future [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future direction of interest rates and loan growth opportunities, despite challenges from a low interest rate environment [19][30] - The company anticipates continued strong performance in residential lending, although at lower levels than the record volumes of 2021 [30][31] - Management emphasized the importance of maintaining strong credit underwriting standards and prudent long-term decisions for shareholders [10][14] Other Important Information - The company reported strong capital ratios, with Tier 1 risk-based capital of 14.5% and total risk-based capital of 15.91% as of December 31, 2021 [28] - The company repurchased approximately 1.6 million shares of common stock for a total cost of $54.7 million during Q4 [28] Q&A Session Summary Question: Margin outlook and impact of rate hikes - Management discussed the asset sensitivity of the bank and the expected benefits from a rising rate environment, noting that a significant portion of their commercial portfolio is variable [39][40] Question: Expense initiatives and branch rationalization - Management confirmed ongoing branch optimization strategies and plans to consolidate an additional 10 branches [42] Question: Loan growth outlook - Management indicated a long-term loan growth target of mid-upper single digits, with a current pipeline that is 20% larger than at year-end [44][58] Question: Differences in paydowns across markets - Management noted that most real estate paydowns occur in urban areas, with no significant differences across various markets [48] Question: Reserve levels and M&A activity - Management stated that while they are focused on organic growth, they are prepared for potential M&A opportunities if the right situation arises [85][86]