NEWS FOR IMMEDIATE RELEASE

January 27, 2015                                                                         For Further Information Contact:

Todd F. Clossin
President and Chief Executive Officer
or
Robert H. Young
Executive Vice President and Chief Financial Officer

(304) 234-9000
NASDAQ Symbol: WSBC
Website: www.wesbanco.com


WesBanco Announces 10% Increase in Net Income for 2014

Wheeling, WV… Todd F. Clossin, President and Chief Executive Officer of WesBanco, Inc. (NASDAQ Global Market: WSBC), a Wheeling, West Virginia based multi-state bank holding company, today announced an increase in net income and related earnings per share for the three and twelve months ended December 31, 2014.
 
Net income increased 10% for the twelve months ended December 31, 2014, to $70.0 million compared to $63.9 million for 2013, while diluted earnings per share were $2.39, an increase of 10% compared to $2.18 per share for 2013.  For the fourth quarter of 2014, net income was $16.5 million compared to $15.4 million for the fourth quarter of 2013, representing an 8% increase. Diluted earnings per share for the fourth quarter were $0.56, compared to $0.52 in the 2013 quarter, also representing an increase of 8%. The fourth quarter results included a pre-tax charge of $1.3 million relating to merger-related expenses. The increased net income improved the return on average assets to 1.12% in 2014 from 1.05% in 2013.  Return on assets and return on tangible equity for WesBanco remain well above third quarter 2014 peer group averages, the most recent available.

On January 22, 2015, the shareholders of WesBanco, Inc. and ESB Financial Corporation (“ESB”) approved the merger of ESB with and into WesBanco. The acquisition is expected to close after receipt of all required regulatory approvals which is anticipated to be in the first quarter of 2015. ESB is a Pennsylvania thrift holding company, headquartered in Ellwood City, Lawrence County, with approximately $1.9 billion in assets.  When the transaction is consummated, the combination of the two banking companies will create a bank with approximately $8.3 billion in total assets providing banking services through 143 branch locations and 130 ATM's in three states. The transaction will expand WesBanco's franchise in the Pittsburgh region of western Pennsylvania from 16 to 39 offices with approximately $2.5 billion in assets.

Mr. Clossin commented, “We are pleased with our success in 2014. The increase in net income reflects the strong performance across all of our lines of business.  Loan growth accelerated in the fourth quarter to an annualized growth rate of 5.4% with actual net loan growth for 2014 of 4.9%.  Net interest income increased for the sixth consecutive quarter as a result of loan growth and a reduction in our cost of funds through management of our deposit rate structures and other funding sources. Our wealth management units also continued significant growth in 2014.  Credit quality improved throughout the year resulting in a 30% decrease in the provision for credit losses for the year. We continued our disciplined approach to expense control as non-interest expense was nearly unchanged in 2014.  We also opened our new Southpointe branch in the southern Pittsburgh metropolitan area during the fourth quarter.

We have negotiated an acquisition that will significantly expand our presence in western Pennsylvania.  Upon completion, we will become the 10th largest full service financial institution in western Pennsylvania.  We look forward to working with the customers and employees of ESB.”


Financial Condition

Total assets at December 31, 2014 increased 2.5% or $151.8 million from December 31, 2013, primarily due to loan growth.  Portfolio loans increased $191.8 million or 4.9% over last year and 1.4% in the fourth quarter of 2014 compared to the third quarter of this year.  Loan growth was achieved through $1.4 billion in loan originations in 2014. Loan growth was driven by increased business activity, additional lending personnel, focused marketing efforts, an expanded presence in our larger urban markets, and continued improvement in loan origination processes.  Deposits, excluding CDs, increased $192.8 million or 5.4% from December 31, 2013, with deposits for Marcellus and Utica shale gas contributing to the
 
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increase. All deposit types increased except certificates of deposit, which decreased $206.4 million due to lower rate offerings for maturing CDs.
 
WesBanco continues to maintain strong regulatory capital ratios.  At December 31, 2014, tier I leverage was 9.88%, tier I risk-based capital was 13.76%, and total risk-based capital was 14.81%, all of which improved from December 31, 2013.  Both consolidated and bank-level regulatory capital ratios are well above the applicable “well-capitalized” standards promulgated by bank regulators, as well as the recently finalized fully-implemented BASEL III capital standards.  Total tangible equity to tangible assets (non-GAAP measure) was 7.88% at December 31, 2014, increasing from 7.35% at December 31, 2013.  Strong earnings and improved total capital have enabled WesBanco to increase the quarterly dividend rate, currently at $0.22 per share, seven times over the last four years, cumulatively representing a 57% increase.  The most recent increase was $0.02 per share in the first quarter of 2014.


Credit Quality

Total non-performing loans, including TDRs, were $50.9 million or 1.25% of total loans at December 31, 2014, which represents a 1.2% decrease from $51.5 million or 1.32% of total loans at December 31, 2013.  Criticized and classified loans were $81.1 million, or 1.99% of total loans at December 31, 2014.  This represents a decrease of 40.2% over the last twelve months from $135.6 million or 3.48% of total loans at December 31, 2013.

Net charge-offs for 2014 were $9.3 million or 0.23% of average portfolio loans compared to $14.2 million or 0.38% in 2013. For the fourth quarter, net charge-offs were $2.3 million or 0.23% of average portfolio loans, compared to $2.9 million or 0.30% for the same quarter of 2013.

Lower charge-offs and continued improvement in delinquent, non-performing and classified and criticized loans resulted in a provision for credit losses of $6.4 million in 2014 compared to $9.1 million in 2013.  For the fourth quarter of 2014, the provision was $1.9 million compared to $3.1 million in the same quarter of 2013. The allowance for loan losses represented 1.09% of total portfolio loans at December 31, 2014, compared to 1.22% at the end of 2013.

 
 
Net Interest Income

Net interest income increased $7.7 million or 4.2% in 2014 compared to 2013 due to a 3.1% increase in average earning assets, primarily through a 4.8% increase in average loan balances, and improvement in the net interest margin.  Growth in net interest income has been very consistent. The fourth quarter of 2014 is the sixth consecutive quarter that net interest income has increased. The net interest margin improved by 3 basis points to 3.61% in 2014 compared to 3.58% in 2013. Accretion of various purchase accounting adjustments from a 2012 acquisition benefited the net interest margin throughout 2013 and 2014, but at a decreasing rate. Excluding this benefit from both years, the net interest margin increased by 8 basis points from 3.49% in 2013 to 3.57% in 2014.  The improved net interest margin in the current low interest rate environment resulted partially from the aforementioned loan growth as the average rate on loans is higher than the average rate on securities.   In addition, funding costs continued to decrease in 2014 as a result of a 9.4% increase in lower-cost demand, money market and savings account deposits, while higher-cost CDs decreased by 11.8%.  The average rate on CDs declined by 43 basis points as higher rate CDs matured. In addition, a 29.2% reduction in higher-rate average other borrowings improved funding costs through the prepayment of a higher-rate $22.0 million repurchase agreement with another bank in the third quarter, and through maturities. For both the year and the fourth quarter, increased FHLB borrowings were generally short-term and did not significantly affect funding costs.  Overall, average deposits increased by 2.6% in 2014 compared to 2013.  For the fourth quarter, net interest income increased by $1.7 million or 3.7% compared to the fourth quarter of 2013, as average earning assets increased by 3.0% from a 5.1% increase in average loans, and the net interest margin increased by two basis points.


Non-Interest Income

For 2014, non-interest income decreased $0.8 million or 1.1% compared to 2013.  The third quarter of 2014 included a $1.4 million charge related to the prepayment of the repurchase agreement. Non-interest income, excluding this charge, increased $0.6 million or 0.9% for the year. Trust fees increased 7.6% for the year as assets under management continued to increase from customer development initiatives and overall market improvements.  Total trust assets were $3.8 billion at December 31, 2014, representing an increase of 4.1% from $3.7 billion at December 31, 2013.  Net securities brokerage revenues increased $0.7 million or 10.8%, due to significant production increases from the addition of support and sales staff in several regions, as well as an increase in referrals and production from a licensed retail banker program. Service charges on deposits decreased 10.0% compared to 2013 due to lower overdraft fees that are affected by consistent increases
 
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in deposit levels and higher average deposits per account. Mortgage loan sale gains decreased 38.6% as the weak housing market reduced mortgage demand resulting in lower mortgage activity, which was also impacted by the new 2014 Qualified Mortgage and Ability-to-Repay rules, somewhat limiting the Bank’s product offerings. For the fourth quarter of 2014, non-interest income decreased 2.3% primarily due to a 12.7% decrease in service charges on deposits.
 
 
Non-Interest Expense

In 2014, revenue growth outpaced expense growth, as expense growth was minimal excluding merger-related expenses.  As a result the efficiency ratio improved to 59.6% for 2014 from 61.0% in 2013.  The fourth quarter 2014 ratio dropped to 60.4% compared to 61.7% last year. Non-interest expense increased $0.6 million or only 0.4% for 2014 compared to 2013.  Salaries and wages increased 3.0%, due to routine annual adjustments to compensation, increased commissions on higher brokerage revenue and incentive and stock-related compensation granted in 2014, partially offset by lower average full time employees (“FTEs”). In 2014, employee benefits expense decreased 7.5%, primarily from decreased pension and other benefits expense, partially offset by higher health insurance costs. In addition, net occupancy and equipment expense increased due to higher weather-related expenses, the opening of three branches over the last five quarters and investment in internal infrastructure in the second half of last year.  For the fourth quarter of 2014, non-interest expense increased by $1.2 million or 3.0% compared to the fourth quarter of 2013 primarily due to an increase in merger-related expense of $1.3 million.  Excluding this increase, non-interest expense for the fourth quarter would have decreased slightly.  In addition, fourth quarter salaries and wages decreased 3.7% compared to the fourth quarter of 2013 primarily due to lower incentive compensation and commission expense and lower average FTEs, while employee benefits expense decreased 9.4%.  These decreases were offset by increased other expenses of $1.0 million primarily due to customer forgery losses recognized totaling $550,000, increased franchise taxes and other miscellaneous fees and costs, partially offset by reduced communication expenses.


Financial Results Conference Call

WesBanco, Inc. will host a conference call to discuss the Company's financial results for the fourth quarter of 2014 on Wednesday, January 28, 2015 at 11:00 a.m. E.S.T.  Callers wishing to participate should access the call by dialing 1-888-347-6607 or 1-412-902-4290 for international callers. The call may also be listened to live via Webcast through the "Investor Relations" section of the Company's Website or by registering at http://www.videonewswire.com/event.asp?id=101311.   Access to the Webcast will begin approximately 15 minutes prior to the start of the call.

WesBanco is a multi-state bank holding company with total assets of approximately $6.3 billion, operating through 120 branch locations and 107 ATMs in West Virginia, Ohio, and Pennsylvania.  WesBanco’s banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling, West Virginia.  WesBanco also operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

Forward-looking Statements:

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, 2013 and documents subsequently filed by WesBanco with the Securities and Exchange Commission (“SEC”), including WesBanco’s Form 10-Q for the quarters ended March 31, 2014, June 30, 2014, and September 30, 2014, respectively, which are available at the SEC’s website, www.sec.gov or at WesBanco’s website, www.wesbanco.com.  Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in WesBanco’s most recent Annual Report on Form 10-K filed with the SEC under “Risk Factors” in Part I, Item 1A.  Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, that the businesses of WesBanco and ESB may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the merger of WesBanco and ESB may not be fully realized within the expected timeframes; disruption from the merger of WesBanco and ESB may make it more difficult to maintain relationships with clients, associates, or suppliers; the effects of changing regional and national economic conditions; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the SEC, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; internet hacking; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco’s operational and financial performance.  WesBanco does not assume any duty to update forward-looking statements.

 
WESBANCO, INC.
                     
Consolidated Selected Financial Highlights
                   
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(unaudited, dollars in thousands, except shares and per share amounts)
                   
                             
       
For the Three Months Ended
 
For the Year Ended
STATEMENT OF INCOME
December 31,
 
December 31,
Interest and dividend income
2014
 
2013
 
% Change
 
2014
 
2013
 
% Change
 
Loans, including fees
 $             43,491
 
 $           43,617
 
                (0.3)
 
 $       172,182
 
 $         175,323
 
                   (1.8)
 
Interest and dividends on securities:
                     
   
Taxable
                  7,181
 
                7,178
 
                 0.0
 
             29,233
 
              29,193
 
                    0.1
   
Tax-exempt
                  3,356
 
                3,380
 
                (0.7)
 
             13,589
 
              13,128
 
                    3.5
     
Total interest and dividends on securities
                10,537
 
              10,558
 
                (0.2)
 
             42,822
 
              42,321
 
                    1.2
 
Other interest income
                      157
 
                     82
 
               91.5
 
                  987
 
                   246
 
                301.2
          Total interest and dividend income
                54,185
 
              54,257
 
                (0.1)
 
          215,991
 
            217,890
 
                   (0.9)
Interest expense
                     
 
Interest bearing demand deposits
                      400
 
                   380
 
                 5.3
 
               1,568
 
                1,415
 
                  10.8
 
Money market deposits
                      483
 
                   440
 
                 9.8
 
               1,877
 
                1,462
 
                  28.4
 
Savings deposits
                      134
 
                   130
 
                 3.1
 
                  532
 
                   525
 
                    1.3
 
Certificates of deposit
                  2,980
 
                4,383
 
              (32.0)
 
             13,286
 
              22,010
 
                 (39.6)
     
Total interest expense on deposits
                  3,997
 
                5,333
 
              (25.1)
 
             17,263
 
              25,412
 
                 (32.1)
 
Federal Home Loan Bank borrowings
                      318
 
                   251
 
               26.7
 
                  968
 
                1,151
 
                 (15.9)
 
Other short-term borrowings
                        78
 
                   625
 
              (87.5)
 
               1,333
 
                2,525
 
                 (47.2)
 
Junior subordinated debt owed to unconsolidated subsidiary trusts
                      806
 
                   810
 
                (0.5)
 
               3,199
 
                3,315
 
                   (3.5)
     
Total interest expense
                  5,199
 
                7,019
 
              (25.9)
 
             22,763
 
              32,403
 
                 (29.8)
Net interest income
                48,986
 
              47,238
 
                 3.7
 
          193,228
 
            185,487
 
                    4.2
 
Provision for credit losses
                  1,880
 
                3,144
 
              (40.2)
 
               6,405
 
                9,086
 
                 (29.5)
Net interest income after provision for credit losses
                47,106
 
              44,094
 
                 6.8
 
          186,823
 
            176,401
 
                    5.9
Non-interest income
                     
 
Trust fees
5,115
 
4,883
 
                 4.8
 
21,069
 
19,577
 
                    7.6
 
Service charges on deposits
4,028
 
4,616
 
              (12.7)
 
16,135
 
17,925
 
                 (10.0)
 
Electronic banking fees
3,159
 
3,012
 
                 4.9
 
12,708
 
12,198
 
                    4.2
 
Net securities brokerage revenue
1,389
 
1,604
 
              (13.4)
 
6,922
 
6,248
 
                  10.8
 
Bank-owned life insurance
1,037
 
925
 
               12.1
 
4,614
 
4,664
 
                   (1.1)
 
Net gains on sales of mortgage loans
426
 
456
 
                (6.6)
 
1,604
 
2,614
 
                 (38.6)
 
Net securities gains
147
 
(3)
 
          5,000.0
 
903
 
684
 
                  32.0
 
Net gain / (loss) on other real estate owned and other assets
212
 
(144)
 
             247.2
 
(1,006)
 
(81)
 
            (1,142.0)
 
Other income
                  1,047
 
1,601
 
              (34.6)
 
               5,555
 
5,456
 
                    1.8
     
Total non-interest income
16,560
 
16,950
 
                (2.3)
 
68,504
 
69,285
 
                   (1.1)
Non-interest expense
                     
 
Salaries and wages
16,707
 
17,352
 
                (3.7)
 
67,408
 
65,431
 
                    3.0
 
Employee benefits
5,229
 
5,774
 
                (9.4)
 
21,518
 
23,255
 
                   (7.5)
 
Net occupancy
2,857
 
2,866
 
                (0.3)
 
12,122
 
11,809
 
                    2.7
 
Equipment
3,008
 
2,768
 
                 8.7
 
11,542
 
10,669
 
                    8.2
 
Marketing
1,250
 
1,159
 
                 7.9
 
5,242
 
5,174
 
                    1.3
 
FDIC insurance
833
 
919
 
                (9.4)
 
3,376
 
3,725
 
                   (9.4)
 
Amortization of intangible assets
466
 
546
 
              (14.7)
 
1,920
 
2,288
 
                 (16.1)
 
Restructuring and merger-related expense
1,309
 
                     45
 
          2,808.9
 
               1,309
 
                1,310
 
                   (0.1)
 
Other operating expenses
                10,313
 
9,314
 
               10.7
 
             37,196
 
37,337
 
                   (0.4)
     
Total non-interest expense
41,972
 
40,743
 
                 3.0
 
161,633
 
160,998
 
                    0.4
Income before provision for income taxes
                21,694
 
              20,301
 
                 6.9
 
             93,694
 
              84,688
 
                  10.6
 
Provision for income taxes
                  5,182
 
                4,948
 
                 4.7
 
             23,720
 
              20,763
 
                  14.2
Net Income
 $             16,512
 
 $           15,353
 
                 7.5
 
 $         69,974
 
 $           63,925
 
                    9.5
                             
Taxable equivalent net interest income
 $            50,793
 
 $         49,058
 
                 3.5
 
 $      200,545
 
 $      192,556
 
                    4.1
                             
Per common share data
                     
Net income per common share - basic
 $                 0.56
 
 $               0.52
 
                 7.7
 
 $              2.39
 
 $               2.18
 
                    9.6
Net income per common share - diluted
                     0.56
 
                  0.52
 
                 7.7
 
                 2.39
 
                  2.18
 
                    9.6
Dividends declared
                     0.22
 
                  0.20
 
               10.0
 
                 0.88
 
                  0.78
 
                  12.8
Book value (period end)
           
               26.90
 
                25.59
 
                    5.1
Tangible book value (period end) (1)
           
               16.09
 
                14.68
 
                    9.6
Average common shares outstanding - basic
29,291,440
 
29,300,463
 
                (0.0)
 
29,249,499
 
29,270,922
 
                   (0.1)
Average common shares outstanding - diluted
29,383,506
 
       29,387,485
 
                (0.0)
 
29,333,876
 
       29,344,683
 
                   (0.0)
Period end common shares outstanding
        29,298,188
 
       29,175,236
 
                 0.4
 
     29,298,188
 
       29,175,236
 
                    0.4
                             
(1) See non-GAAP financial measures for additional information relating to the calculation of this item.
         

WESBANCO, INC.
                         
Consolidated Selected Financial Highlights
     
Page 5
(unaudited, dollars in thousands)
                       
                             
Selected ratios
                           
         For the Year Ended
 
         
       
December 31,
           
       
2014
 
2013
 
% Change
           
                             
Return on average assets
   
                 1.12
%
                 1.05
%
                 6.67
%
         
Return on average equity
   
                 8.97
 
                 8.72
 
                 2.87
           
Return on average tangible equity (1)
 
15.39
 
15.79
 
               (2.53)
           
Yield on earning assets (2)
   
                 4.02
 
                 4.18
 
               (3.83)
           
Cost of interest bearing liabilities
 
                 0.52
 
                 0.73
 
             (28.77)
           
Net interest spread (2)
   
                 3.50
 
                 3.45
 
                 1.45
           
Net interest margin (2)
   
                 3.61
 
                 3.58
 
                 0.84
           
Efficiency (1) (2)
     
               59.59
 
               60.99
 
               (2.30)
           
Average loans to average deposits
 
               76.89
 
               75.28
 
                 2.14
           
Annualized net loan charge-offs/average loans
                 0.23
 
                 0.38
 
             (39.47)
           
Effective income tax rate
   
               25.32
 
               24.52
 
                 3.26
           
                             
                             
                             
                             
       
For the Quarter Ended
   
       
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
   
       
2014
 
2014
 
2014
 
2014
 
2013
   
                             
Return on average assets
   
1.04
%
1.14
%
1.22
%
1.08
%
0.99
%
 
Return on average equity
   
8.17
 
9.15
 
9.79
 
8.78
 
8.17
   
Return on average tangible equity (1)
 
13.77
 
15.59
 
16.90
 
15.40
 
14.60
   
Yield on earning assets (2)
 
3.96
 
3.98
 
4.06
 
4.08
 
4.09
   
Cost of interest bearing liabilities
 
0.47
 
0.51
 
0.52
 
0.56
 
0.63
   
Net interest spread (2)
   
3.49
 
3.47
 
3.54
 
3.52
 
3.46
   
Net interest margin (2)
   
3.60
 
3.58
 
3.64
 
3.63
 
3.58
   
Efficiency (1) (2)
     
60.37
 
58.51
 
58.93
 
60.57
 
61.66
   
Average loans to average deposits
 
79.07
 
77.52
 
75.40
 
75.52
 
75.79
   
Annualized net loan charge-offs/average loans
0.23
 
0.22
 
0.06
 
0.43
 
0.30
   
Effective income tax rate
   
23.89
 
25.93
 
25.67
 
25.63
 
24.37
   
Trust assets, market value at period end
 
 $     3,840,540
 
 $     3,783,774
 
 $     3,844,116
 
 $     3,752,142
 
 $     3,688,734
   
                             
(1) See non-GAAP financial measures for additional information relating to the calculation of this item.
 
(2) The yield on earning assets, net interest margin, net interest spread and efficiency ratios are presented on a fully
 
    taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt
 
   loans and investments.   WesBanco believes this measure to be the preferred industry measurement of net interest income and
 
   provides a relevant comparison between taxable and non-taxable amounts.
   


WESBANCO, INC.
             
Consolidated Selected Financial Highlights
           
Page 6
(unaudited, dollars in thousands, except shares)
           
% Change
Balance sheets
December 31,
   
September 30,
September 30, 2014
Assets
 
2014
 
2013
 
% Change
2014
to December 31, 2014
Cash and due from banks
 $        85,597
 
 $        80,001
 
           7.0
 $              73,715
                            16.1
Due from banks - interest bearing
             8,405
 
           15,550
 
        (45.9)
                   2,704
                          210.8
Securities:
             
 
Available-for-sale, at fair value
         917,424
 
         934,386
 
          (1.8)
               959,553
                            (4.4)
 
Held-to-maturity (fair values of $619,617; $596,308 and $617,332, respectively)
         593,670
 
         598,520
 
          (0.8)
               594,860
                            (0.2)
   
Total securities
      1,511,094
 
      1,532,906
 
          (1.4)
            1,554,413
                            (2.8)
Loans held for sale
             5,865
 
             5,855
 
           0.2
                   6,260
                            (6.3)
Portfolio loans:
             
 
Commercial real estate
      1,945,460
 
      1,912,919
 
           1.7
            1,973,336
                            (1.4)
 
Commercial and industrial
         638,410
 
         556,249
 
         14.8
               603,245
                              5.8
 
Residential real estate
         928,770
 
         890,804
 
           4.3
               909,531
                              2.1
 
Home equity
         330,031
 
         284,687
 
         15.9
               313,711
                              5.2
 
Consumer
         244,095
 
         250,258
 
          (2.5)
               231,881
                              5.3
Total portfolio loans, net of unearned income
      4,086,766
 
      3,894,917
 
           4.9
            4,031,704
                              1.4
Allowance for loan losses
          (44,654)
 
         (47,368)
 
           5.7
               (45,029)
                              0.8
   
Net portfolio loans
      4,042,112
 
      3,847,549
 
           5.1
            3,986,675
                              1.4
Premises and equipment, net
           93,135
 
           93,157
 
          (0.0)
                 92,090
                              1.1
Accrued interest receivable
           18,481
 
           18,960
 
          (2.5)
                 20,032
                            (7.7)
Goodwill and other intangible assets, net
         319,506
 
         321,426
 
          (0.6)
               319,973
                            (0.1)
Bank-owned life insurance
         123,298
 
         121,390
 
           1.6
               122,678
                              0.5
Other assets
           89,072
 
         107,979
 
        (17.5)
                 99,954
                          (10.9)
Total Assets
 $   6,296,565
 
 $   6,144,773
 
           2.5
 $         6,278,494
                              0.3
                     
Liabilities
             
Deposits:
               
 
Non-interest bearing demand
 $   1,061,075
 
 $      960,814
 
         10.4
 $         1,027,636
                              3.3
 
Interest bearing demand
         885,037
 
         857,761
 
           3.2
               897,827
                            (1.4)
 
Money market
         954,957
 
         942,768
 
           1.3
               993,211
                            (3.9)
 
Savings deposits
         842,818
 
         789,709
 
           6.7
               824,703
                              2.2
 
Certificates of deposit
      1,305,096
 
      1,511,478
 
        (13.7)
            1,358,308
                            (3.9)
   
Total deposits
      5,048,983
 
      5,062,530
 
          (0.3)
            5,101,685
                            (1.0)
Federal Home Loan Bank borrowings
         223,126
 
           39,508
 
       464.8
               123,374
                            80.9
Other short-term borrowings
           80,690
 
         150,536
 
        (46.4)
               117,637
                          (31.4)
Junior subordinated debt owed to unconsolidated subsidiary trusts
         106,176
 
         106,137
 
           0.0
               106,166
                              0.0
   
Total borrowings
         409,992
 
         296,181
 
         38.4
               347,177
                            18.1
Accrued interest payable
             1,620
 
             2,354
 
        (31.2)
                   2,103
                          (23.0)
Other liabilities
           47,780
 
           37,113
 
         28.7
                 38,745
                            23.3
Total Liabilities
      5,508,375
 
      5,398,178
 
           2.0
            5,489,710
                              0.3
                     
Shareholders' Equity
             
Preferred stock, no par value; 1,000,000 shares authorized;
             
 
none outstanding
 -
 
                   -
 
             -
 -
                                -
Common stock, $2.0833 par value; 50,000,000 shares authorized;
             
 
29,367,511 shares issued;
             
 
29,298,188 shares; 29,175,236 shares and 29,283,675 shares outstanding, respectively
           61,182
 
           61,182
 
             -
                 61,182
                                -
Capital surplus
         244,661
 
         244,974
 
          (0.1)
               244,358
                              0.1
Retained earnings
         504,578
 
         460,351
 
           9.6
               494,511
                              2.0
Treasury stock (69,323; 192,275 and 83,836 shares - at cost,
             
 
respectively)
            (2,151)
 
           (5,969)
 
         64.0
                 (2,601)
                            17.3
Accumulated other comprehensive loss
          (18,825)
 
         (12,734)
 
        (47.8)
                 (7,423)
                        (153.6)
Deferred benefits for directors
            (1,255)
 
           (1,209)
 
          (3.8)
                 (1,243)
                            (1.0)
Total Shareholders' Equity
         788,190
 
         746,595
 
           5.6
               788,784
                            (0.1)
Total Liabilities and Shareholders' Equity
 $   6,296,565
 
 $   6,144,773
 
           2.5
 $         6,278,494
                              0.3


WESBANCO, INC.
                               
Consolidated Selected Financial Highlights
                         
Page 7
 
(unaudited, dollars in thousands)
                             
Average balance sheet and
                             
net interest margin analysis
Three Months Ended December 31,
   
For the Year Ended December 31,
     
2014
   
2013
   
2014
   
2013
 
     
Average
Average
   
Average
Average
   
Average
Average
   
Average
Average
 
Assets
   
Balance
Rate
   
Balance
Rate
   
Balance
Rate
   
Balance
Rate
 
Due from banks - interest bearing
 $            8,042
           0.30
%
 
 $          42,415
           0.25
%
 
 $          25,713
           0.23
%
 $          37,556
           0.22
%
Loans, net of unearned income (1)
        4,057,138
           4.25
   
        3,859,211
           4.48
   
        3,953,823
           4.35
   
        3,772,172
           4.65
 
Securities: (2)
                                 
    Taxable
   
1,141,069
           2.52
   
1,137,977
           2.52
   
1,158,738
           2.52
   
1,175,865
           2.48
 
    Tax-exempt (3)
 
400,470
           5.16
   
400,049
           5.20
   
403,088
           5.19
   
384,069
           5.26
 
        Total securities
 
1,541,539
           3.20
   
1,538,026
           3.23
   
1,561,826
           3.21
   
1,559,934
           3.17
 
Other earning assets (4)
 
               9,135
           6.61
   
             12,200
           1.84
   
             11,726
           7.91
   
             15,165
           1.07
 
         Total earning assets (3)
        5,615,854
           3.96
%
 
        5,451,852
           4.09
%
 
        5,553,088
           4.02
%
        5,384,827
           4.18
%
Other assets
   
680,428
     
728,851
     
700,165
     
724,484
   
Total Assets
   
 $     6,296,282
     
 $     6,180,703
     
 $     6,253,253
     
 $     6,109,311
   
                                   
Liabilities and Shareholders' Equity
                             
Interest bearing demand deposits
 $        912,352
           0.17
%
 
 $        869,568
           0.17
%
 
 $        899,887
           0.17
%
 $        858,679
           0.16
%
Money market accounts
979,343
           0.20
   
931,309
           0.19
   
972,496
           0.19
   
867,473
           0.17
 
Savings deposits
 
829,215
           0.06
   
782,895
           0.07
   
822,221
           0.06
   
770,687
           0.07
 
Certificates of deposit
 
1,335,421
           0.89
   
1,556,305
           1.12
   
1,418,459
           0.94
   
1,607,918
           1.37
 
    Total interest bearing deposits
4,056,331
           0.39
   
        4,140,077
           0.51
   
4,113,063
           0.42
   
        4,104,757
           0.62
 
Federal Home Loan Bank borrowings
124,892
           1.01
   
             53,508
           1.86
   
81,159
           1.19
   
             62,344
           1.85
 
Other borrowings
 
90,152
           0.35
   
132,191
           1.88
   
101,291
           1.32
   
142,992
           1.77
 
Junior subordinated debt
106,171
           3.01
   
           106,132
           3.03
   
106,156
           3.01
   
           107,665
           3.08
 
      Total interest bearing liabilities
4,377,546
           0.47
%
 
4,431,908
           0.63
%
 
4,401,669
           0.52
%
4,417,758
           0.73
%
Non-interest bearing demand deposits
1,074,797
     
951,809
     
1,029,370
     
905,921
   
Other liabilities
 
42,360
     
51,850
     
41,791
     
52,383
   
Shareholders' equity
 
801,579
     
745,136
     
780,423
     
733,249
   
Total Liabilities and Shareholders' Equity
 $     6,296,282
     
 $     6,180,703
     
 $     6,253,253
     
 $     6,109,311
   
Taxable equivalent net interest spread
 
           3.49
%
   
           3.46
%
   
           3.50
%
 
           3.45
%
Taxable equivalent net interest margin
 
           3.60
%
   
           3.58
%
   
           3.61
%
 
           3.58
%
                                   
(1) Gross of allowance for loan losses and net of unearned income.  Includes non-accrual and loans held for sale.
     Loan fees included in interest income on loans are $1.0 million and $0.8 million for the three months ended December 31, 2014 and 2013,
 
     respectively, and $3.5 million and $3.8 million for the year ended December 31, 2014 and 2013, respectively.
     Additionally, loan accretion included in interest income on loans acquired from a 2012 acquisition was $0.3 million and $0.4 million for the
 
     three months ended December 31, 2014 and 2013, respectively, and $1.4 million and $2.7 million for the year ended December 31, 2014 and 2013, respectively,
      while accretion on interest bearing liabilities acquired from the 2012 acquisition was $0.1 million and $0.4 million for the three months ended
     December 31, 2014 and 2013, respectively, and $0.7 million and $1.7 million for the year ended December 31, 2014 and 2013, respectively.
 
(2) Average yields on available-for sale securities are calculated based on amortized cost.
(3) Taxable equivalent basis is calculated on tax-exempt securities using a rate of 35% for each period presented.
(4) Interest income on other earning assets includes $0.5 million of interest on a federal income tax refund for the year ended December 31, 2014.


WESBANCO, INC.
                 
Consolidated Selected Financial Highlights
               
 Page 8
(unaudited, dollars in thousands, except shares and per share amounts)
               
       
Quarter Ended
Statement of Income
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
Interest income
2014
 
2014
 
2014
 
2014
 
2013
 
Loans, including fees
 $    43,491
 
 $                43,399
 
 $              42,546
 
 $                42,746
 
 $               43,617
 
Interest and dividends on securities:
                 
   
Taxable
                    7,181
 
                      7,375
 
                    7,452
 
                      7,225
 
                     7,178
   
Tax-exempt
                  3,356
 
                       3,413
 
                    3,435
 
                      3,385
 
                    3,380
     
Total interest and dividends on securities
                 10,537
 
                     10,788
 
                   10,887
 
                      10,610
 
                   10,558
 
Other interest income
                      157
 
                            116
 
                          611
 
                            101
 
                          82
          Total interest and dividend income
                 54,185
 
                    54,303
 
                  54,044
 
                    53,457
 
                  54,257
Interest expense
                 
 
Interest bearing demand deposits
                     400
 
                          399
 
                        395
 
                          374
 
                        380
 
Money market deposits
                     483
 
                          487
 
                        466
 
                          440
 
                        440
 
Savings deposits
                      134
 
                           135
 
                         133
 
                           130
 
                         130
 
Certificates of deposit
                  2,980
 
                      3,254
 
                    3,422
 
                      3,630
 
                    4,383
     
Total interest expense on deposits
                  3,997
 
                      4,275
 
                     4,416
 
                      4,574
 
                    5,333
 
Federal Home Loan Bank borrowings
                      318
 
                          264
 
                         175
 
                            211
 
                         251
 
Other short-term borrowings
                       78
 
                          348
 
                        350
 
                          557
 
                        625
 
Junior subordinated debt owed to unconsolidated subsidiary trusts
                     806
 
                          805
 
                        796
 
                          790
 
                         810
     
Total interest expense
                   5,199
 
                      5,692
 
                    5,737
 
                       6,132
 
                     7,019
Net interest income
                48,986
 
                      48,611
 
                  48,307
 
                    47,325
 
                  47,238
 
Provision for credit losses
                   1,880
 
                       1,478
 
                        849
 
                       2,199
 
                     3,144
Net interest income after provision for credit losses
                 47,106
 
                     47,133
 
                  47,458
 
                     45,126
 
                  44,094
Non-interest income
                 
 
Trust fees
5,115
 
5,096
 
5,210
 
5,648
 
4,883
 
Service charges on deposits
4,028
 
4,170
 
4,078
 
3,860
 
4,616
 
Electronic banking fees
3,159
 
3,268
 
3,267
 
3,013
 
3,012
 
Net securities brokerage revenue
1,389
 
1,701
 
2,003
 
1,829
 
1,604
 
Bank-owned life insurance
1,037
 
882
 
1,821
 
875
 
925
 
Net gains on sales of mortgage loans
426
 
550
 
475
 
154
 
456
 
Net securities gains / (losses)
147
 
581
 
165
 
10
 
(3)
 
Net gain / (loss) on other real estate owned and other assets
212
 
(1,167)
 
(165)
 
113
 
(144)
 
Other income
1,047
 
1,573
 
1,387
 
1,547
 
1,601
     
Total non-interest income
16,560
 
16,654
 
18,241
 
17,049
 
16,950
Non-interest expense
                 
 
Salaries and wages
16,707
 
17,331
 
16,904
 
16,467
 
17,352
 
Employee benefits
5,229
 
5,051
 
5,529
 
5,708
 
5,774
 
Net occupancy
2,857
 
2,916
 
2,857
 
3,491
 
2,866
 
Equipment
3,008
 
2,837
 
2,914
 
2,783
 
2,768
 
Marketing
1,250
 
1,276
 
1,713
 
1,003
 
1,159
 
FDIC insurance
833
 
786
 
880
 
877
 
919
 
Amortization of intangible assets
466
 
477
 
482
 
495
 
546
 
Restructuring and merger-related expense
                   1,309
 
                              -
 
                            -
 
                              -
 
                          45
 
Other operating expenses
10,313
 
8,589
 
9,025
 
9,271
 
9,314
     
Total non-interest expense
41,972
 
39,263
 
40,304
 
40,095
 
40,743
Income before provision for income taxes
                 21,694
 
                    24,524
 
                  25,395
 
                    22,080
 
                   20,301
 
Provision for income taxes
                   5,182
 
                      6,358
 
                    6,520
 
                      5,659
 
                    4,948
Net Income
 $              16,512
 
 $                  18,166
 
 $               18,875
 
 $                  16,421
 
 $               15,353
                         
Taxable equivalent net interest income
 $            50,793
 
 $              50,449
 
 $            50,157
 
 $              49,148
 
 $           49,058
                         
Per common share data
                 
Net income per common share - basic
 $                 0.56
 
 $                    0.62
 
 $                  0.65
 
 $                    0.56
 
 $                  0.52
Net income per common share - diluted
 $                 0.56
 
 $                    0.62
 
 $                  0.64
 
 $                    0.56
 
 $                  0.52
Dividends declared
 $                 0.22
 
 $                    0.22
 
 $                  0.22
 
 $                    0.22
 
 $                  0.20
Book value (period end)
 $               26.90
 
 $                  26.94
 
 $                26.59
 
 $                  26.05
 
 $                25.59
Tangible book value (period end) (1)
 $               16.09
 
 $                  16.10
 
 $                15.75
 
 $                  15.17
 
 $                14.68
Average common shares outstanding - basic
29,291,440
 
29,280,648
 
29,242,180
 
29,182,183
 
29,300,463
Average common shares outstanding - diluted
29,383,506
 
29,360,880
 
29,321,927
 
29,262,680
 
29,387,485
Period end common shares outstanding
29,298,188
 
           29,283,675
 
         29,278,925
 
              29,212,110
 
          29,175,236
Full time equivalent employees
                   1,448
 
                       1,435
 
                     1,456
 
                       1,442
 
                     1,469
                         
                         
(1) See non-GAAP financial measures for additional information relating to the calculation of this item.


WESBANCO, INC.
                   
Consolidated Selected Financial Highlights
               
 Page 9
 
(unaudited, dollars in thousands)
                   
     
Quarter Ended
 
     
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Asset quality data
2014
 
2014
 
2014
 
2014
 
2013
 
Non-performing assets:
                   
 
Troubled debt restructurings - accruing
 $         12,066
 
 $         12,222
 
 $         13,513
 
 $         14,535
 
 $         14,861
 
 
Non-accrual loans:
                   
   
Troubled debt restructurings
              5,420
 
              5,496
 
              6,281
 
              7,406
 
              9,324
 
   
Other non-accrual loans
            33,398
 
            31,275
 
            29,837
 
            28,967
 
            27,309
 
   
    Total non-accrual loans
            38,818
 
            36,771
 
            36,118
 
            36,373
 
            36,633
 
   
    Total non-performing loans
            50,884
 
            48,993
 
            49,631
 
            50,908
 
            51,494
 
 
Other real estate and repossessed assets
              5,082
 
              4,695
 
              5,106
 
              5,382
 
              4,860
 
   
Total non-performing assets
 $         55,966
 
 $         53,688
 
 $         54,737
 
 $         56,290
 
 $         56,354
 
                         
Past due loans (1):
                   
 
Loans past due 30-89 days
 $           9,347
 
 $         10,745
 
 $         10,138
 
 $         14,650
 
 $         14,831
 
 
Loans past due 90 days or more
              2,288
 
              3,147
 
              2,947
 
              1,833
 
              2,591
 
   
Total past due loans
 $         11,635
 
 $         13,892
 
 $         13,085
 
 $         16,483
 
 $         17,422
 
                         
Criticized and classified loans (2):
                   
 
Criticized loans
 $         34,288
 
 $         39,553
 
 $         68,707
 
 $         73,925
 
 $         75,249
 
 
Classified loans
            46,851
 
            48,004
 
            52,760
 
            55,341
 
            60,335
 
   
Total criticized and classified loans
 $         81,139
 
 $         87,557
 
 $       121,467
 
 $       129,266
 
 $       135,584
 
                         
Loans past due 30-89 days / total portfolio loans
                0.23
%
                0.27
%
                0.26
%
                0.38
%
                0.38
%
Loans past due 90 days or more / total portfolio loans
                0.06
 
                0.08
 
                0.07
 
                0.05
 
                0.07
 
Non-performing loans / total portfolio loans
                1.25
 
                1.22
 
                1.26
 
                1.31
 
                1.32
 
Non-performing assets/total portfolio loans, other
                   
 
real estate and repossessed assets
                1.37
 
                1.33
 
                1.39
 
                1.45
 
                1.45
 
Non-performing assets / total assets
                0.89
 
                0.86
 
                0.87
 
                0.90
 
                0.92
 
Criticized and classified loans / total portfolio loans
                1.99
 
                2.17
 
                3.08
 
                3.33
 
                3.48
 
                         
Allowance for loan losses
                   
Allowance for loan losses
 $         44,654
 
 $         45,029
 
 $         45,741
 
 $         45,483
 
 $         47,368
 
Provision for credit losses
              1,880
 
              1,478
 
                 849
 
              2,199
 
              3,144
 
Net loan and deposit account overdraft charge-offs
              2,332
 
              2,193
 
                 600
 
              4,141
 
              2,887
 
                         
Annualized net loan charge-offs /average loans
                0.23
%
                0.22
%
                0.06
%
                0.43
%
                0.30
%
Allowance for loan losses / total portfolio loans
                1.09
%
                1.12
%
                1.16
%
                1.17
%
                1.22
%
Allowance for loan losses / non-performing loans
                0.88
x
                0.92
x
                0.92
x
                0.89
x
                0.92
x
Allowance for loan losses / non-performing loans and
                   
 
loans past due
                0.71
x
                0.72
x
                0.73
x
                0.67
x
                0.69
x
                         
                         
     
Quarter Ended
 
     
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
     
2014
 
2014
 
2014
 
2014
 
2013
 
Capital ratios
                   
Tier I leverage capital
                9.88
%
                9.70
%
                9.64
%
                9.45
%
                9.27
%
Tier I risk-based capital
              13.76
 
              13.56
 
              13.46
 
              13.29
 
              13.06
 
Total risk-based capital
              14.81
 
              14.62
 
              14.56
 
              14.40
 
              14.19
 
Average shareholders' equity to average assets
              12.73
 
              12.49
 
              12.43
 
              12.27
 
              12.06
 
Tangible equity to tangible assets (3)
                7.88
 
                7.91
 
                7.74
 
                7.49
 
                7.35
 
                         
                         
(1) Excludes non-performing loans.
                   
(2) Criticized and classified loans may include loans that are also reported as non-performing or past due.
         
(3) See non-GAAP financial measures for additional information relating to the calculation of this ratio.
         


NON-GAAP FINANCIAL MEASURES
                     
Page 10
The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco’s operating performance and trends, and facilitate comparisons with the performance of WesBanco’s peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco’s financial statements.
                     
   
Three Months Ended
 
Year to Date
(unaudited, dollars in thousands,
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Dec. 31,
 except shares and per share amounts)
2014
 
2014
 
2014
 
2014
 
2013
 
2014
2013
Return on average tangible equity:
                       
 
Net income (annualized)
 $              65,510
 
 $        72,072
 
 $       75,708
 
 $       66,596
 
 $       60,911
 
 $       69,974
 $        63,925
 
Plus: amortization of intangibles (annualized) (1)
                   1,202
 
             1,230
 
            1,256
 
            1,305
 
            1,408
 
            1,248
             1,487
 
Net income before amortization of intangibles (annualized)
                 66,712
 
           73,302
 
          76,964
 
          67,901
 
          62,319
 
          71,222
           65,412
                           
 
Average total shareholders' equity
               801,579
 
         787,672
 
        773,052
 
        758,841
 
        745,136
 
        780,423
         733,249
 
Less: average goodwill and other intangibles, net of def. tax liability
             (317,061)
 
       (317,368)
 
      (317,679)
 
      (317,996)
 
      (318,333)
 
      (317,523)
       (318,913)
 
Average tangible equity
               484,518
 
         470,304
 
        455,373
 
        440,845
 
        426,803
 
        462,900
         414,336
                           
Return on average tangible equity
13.77%
 
15.59%
 
16.90%
 
15.40%
 
14.60%
 
15.39%
15.79%
                           
Efficiency ratio:
                       
 
Non-interest expense
 $              41,972
 
 $        39,263
 
 $       40,304
 
 $       40,095
 
 $       40,743
 
 $     161,633
 $      160,998
 
Less: restructuring and merger-related expense
                 (1,309)
 
                  -
 
                  -
 
                  -
 
               (45)
 
          (1,309)
           (1,310)
 
Non-interest expense excluding restructuring and merger-related expense
                 40,663
 
           39,263
 
          40,304
 
          40,095
 
          40,698
 
        160,324
         159,688
                           
 
Net interest income on a fully taxable equivalent basis
                 50,793
 
           50,449
 
          50,157
 
          49,148
 
          49,058
 
        200,545
         192,556
 
Non-interest income
                 16,560
 
           16,654
 
          18,241
 
          17,049
 
          16,950
 
          68,504
           69,285
 
Net interest income on a fully taxable equivalent basis plus non-interest income
                 67,353
 
           67,103
 
          68,398
 
          66,197
 
          66,008
 
        269,049
         261,841
Efficiency Ratio
60.37%
 
58.51%
 
58.93%
 
60.57%
 
61.66%
 
59.59%
60.99%
                           
                           
   
Period End
     
   
Dec. 31,
   Sept. 30,
 
 June 30,
 
 Mar. 31,
 
 Dec. 31,
 
   
   
2014
 
2014
 
2014
 
2014
 
2013
     
Tangible book value:
                       
 
Total shareholders' equity
 $            788,190
 
 $      788,784
 
 $     778,625
 
 $     761,117
 
 $     746,595
     
 
Less:  goodwill and other intangible assets, net of def. tax liability
             (316,914)
 
       (317,217)
 
      (317,527)
 
      (317,840)
 
      (318,161)
     
 
Tangible equity
               471,276
 
         471,567
 
        461,098
 
        443,277
 
        428,434
     
                           
 
Common shares outstanding
          29,298,188
 
    29,283,675
 
   29,278,925
 
   29,212,110
 
   29,175,236
     
                           
Tangible book value
 $                16.09
 
 $          16.10
 
 $         15.75
 
 $         15.17
 
 $         14.68
     
                           
Tangible equity to tangible assets:
                       
 
Total shareholders' equity
 $            788,190
 
 $      788,784
 
 $     778,625
 
 $     761,117
 
 $     746,595
     
 
Less:  goodwill and other intangible assets, net of def. tax liability
             (316,914)
 
       (317,217)
 
      (317,527)
 
      (317,840)
 
      (318,161)
     
 
Tangible equity
               471,276
 
         471,567
 
        461,098
 
        443,277
 
        428,434
     
                           
 
Total assets
            6,296,565
 
      6,278,494
 
     6,277,020
 
     6,237,577
 
     6,144,773
     
 
Less:  goodwill and other intangible assets, net of def. tax liability
             (316,914)
 
       (317,217)
 
      (317,527)
 
      (317,840)
 
      (318,161)
     
 
Tangible assets
            5,979,651
 
      5,961,277
 
     5,959,493
 
     5,919,737
 
     5,826,612
     
                           
Tangible equity to tangible assets
7.88%
 
7.91%
 
7.74%
 
7.49%
 
7.35%
     

(1) Tax effected at 35%




The following information was filed by Wesbanco Inc (WSBC) on Tuesday, January 27, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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