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 ...

WesBanco, Inc. (NASDAQ:WSBC) Q4 2021 Earnings Conference Call January 26, 2022 10:00 AM ET Company Participants Todd Clossin – President and Chief Executive Officer John Iannone – Senior Vice President of Investor Relations Dan Weiss – Executive Vice President and Chief Financial Officer Conference Call Participants Russell Gunther – D.A. Davidson Casey Whitman – Piper Sandler Broderick Preston – Stephens Steve Moss – B Riley, FBR Stuart Lotz – KBW Operator Good morning and welcome to the WesBanco Fourth Qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 WEST VIRGINIA 55-0571723 (State of incorporation) (IRS Employer Identification No.) Registrant's telephone number, including area code: 304-234-9000 NOT APPLICABLE (Former name, former address and former fiscal year, if changed since last report) ☐ TRANSITION REPORT PURSUANT TO SE ...

Financial Data and Key Metrics Changes - For Q3 2021, the company reported net income available to common shareholders of $45.4 million and diluted earnings per share of $0.70, excluding merger and restructuring charges [8] - GAAP net income for the three months ended September 30, 2021, was $41.9 million, with earnings per diluted share of $0.64, compared to $0.66 last year [20] - Total assets increased by 2.1% year-over-year to $16.9 billion, primarily due to growth in the securities portfolio [20][22] - Total portfolio loans decreased by 9.8% year-over-year to $9.9 billion, largely due to the forgiveness of $940 million in SBA Payroll Protection Program loans [21] - Total deposits increased by 10% year-over-year to $13.4 billion, driven by stimulus-related funds and higher personal savings [22] Business Line Data and Key Metrics Changes - The commercial loan production for the year reached nearly $1.3 billion, with 35% generated in Q3 [9] - The residential mortgage pipeline remains strong, contributing to solid originations expected in the upcoming quarters [10] - Noninterest income for Q3 was $32.8 million, a decrease of 5.4% year-over-year, primarily due to lower mortgage banking income [25] - Wealth management businesses saw organic growth, with trust up 13.4% and securities brokerage up 13.9% for the quarter [26] Market Data and Key Metrics Changes - Commercial line of credit utilization remains about 12 percentage points below historical averages due to excess liquidity among companies [10] - The company experienced significant commercial real estate project payoffs, totaling over $630 million for the first nine months of the year, surpassing previous years [11] Company Strategy and Development Direction - The company is focused on expense management while making strategic hires to enhance growth opportunities [7] - Plans to hire an additional 20 commercial lenders over the next year to strengthen market presence [13] - The company aims for mid-to-upper single-digit loan growth in the long term [13] Management's Comments on Operating Environment and Future Outlook - Management noted that the low interest rate environment continues to negatively impact margins, but strong residential mortgage origination volumes are helping mitigate this [19] - The company anticipates continued improvements in macroeconomic factors, which should lead to a reduction in the allowance for credit losses over time [33] - Management expressed confidence in the company's ability to leverage its competitive advantages for future growth [18] Other Important Information - The company completed the conversion of its core banking software system to FIS's IBS platform, enhancing operational efficiencies and capabilities for growth [17] - The company repurchased approximately 2.1 million shares of common stock for a total cost of $71.3 million during the third quarter [29] Q&A Session Summary Question: Can you provide additional color on the C&I paydowns? - Management indicated that the C&I line usage was up slightly, with commercial real estate loans categorized under C&I impacting the numbers [38] Question: How do you see core loan yields trending? - Management expects the core loan yield delta to decrease, with new loans targeting a range of 3% to 3.25% [41] Question: What is the outlook for core expenses going forward? - Management suggested that the current expense level of around $88 million may be a reasonable run rate, with potential for slight reductions [46][50] Question: What is the timeline for getting reserves back to day one levels? - Management anticipates that as credit continues to improve, reserves will trend downward, potentially returning to day one levels by the end of 2022 or 2023 [78]

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ 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 000-08467 WESBANCO, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Exact name of Registrant as specified in its charter) 1 Bank Plaza, Wheeling, WV 26003 (Address of principal exe ...

Second Quarter 2021 Earnings Call Presentation 27 July 2021 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 do ...

WesBanco, Inc. (NASDAQ:WSBC) Q2 2021 Earnings Conference Call July 28, 2021 10:00 AM ET Company Participants John Iannone - SVP, Investor & Public Relations Todd Clossin - President, CEO & Director Robert Young - Senior EVP, CFO & Group Head, Finance Conference Call Participants Casey Whitman - Piper Sandler & Co. Steven Duong - RBC Capital Markets William Wallace - Raymond James & Associates Stephen Moss - B. Riley Securities Stuart Lotz - KBW Broderick Preston - Stephens Inc. Russell Gunther - D.A. Davids ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ 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 000-08467 WESBANCO, INC. (Exact name of Registrant as specified in its charter) WEST VIRGINIA 55-0571723 (State of incorporation) (IRS Em ...