WesBanco Announces Earnings for the Year 2007 and the Fourth Quarter

WHEELING, W.Va., January 29 /PRNewswire-FirstCall/ -- Paul M. Limbert,
President and Chief Executive Officer of WesBanco, Inc., (Nasdaq: WSBC) a
Wheeling, West Virginia based multi-state bank holding company, today
announced earnings for the fourth quarter and year ended December 31, 2007.
For 2007, earnings per share were $2.09 versus last year's $1.79, an
increase of 16.8%, on net income of $44.7 million as compared to $39.0 million
in 2006. Return on average assets increased to 1.09% in 2007 from 0.94% in
2006 and return on average equity increased to 10.63% from 9.35%. Net income
for the fourth quarter of 2007 was $10.7 million, compared to $10.6 million
for the fourth quarter of 2006, while earnings per share for the quarter were
$0.47 per share compared to $0.49 per share for 2006. Fourth quarter earnings
per share included the effect of the issuance of additional shares of stock
for the purchase of Oak Hill Financial, Inc., which closed on November 30,
2007.
WesBanco's merger with Oak Hill creates a multi-state bank holding company
with approximately $5.4 billion in total assets providing banking services in
West Virginia, Ohio and Pennsylvania. The transaction expands WesBanco's
franchise along the Interstate 71 and Interstate 75 corridors from Dayton,
Ohio to Cincinnati, Ohio and opens new markets in south and central Ohio.
"The year resulted in a number of accomplishments for WesBanco", said Mr.
Limbert. "We achieved earnings growth for the year in the midst of a
challenging environment for the banking industry from economic, interest rate
and competitive factors. We continue to improve our fee income businesses, as
total non-interest income grew, primarily from significant improvements in
trust fees, service charges and our securities brokerage business. We
completed the merger of Oak Hill Financial into WesBanco on November 30,
2007."
"In January, as a result of the planned rationalization of the Oak Hill
franchise to best position WesBanco to fulfill its commitment to our
customers, employees and communities, we announced the sale of eight acquired
Oak Hill branches to three Ohio based community banks with the transaction to
be completed in April 2008, subject to regulatory approval. Throughout 2008
we will continue to integrate the Oak Hill operations into WesBanco to further
realize the benefits of the acquisition, with the back office and systems
consolidation scheduled for late April."
Highlights for the fourth quarter and year ended December 31, 2007 include
the following:
-- Net interest income for 2007 declined 2.9%, due to a lower average
balance sheet and increases in cost of funds exceeding earning asset
yield increases. The net interest margin decreased five basis points
to 3.44% for the year. Net interest income for the fourth quarter
increased $1.5 million or 4.9% compared to the fourth quarter of 2006,
primarily due to the acquisition of Oak Hill, which added $3.5 million
in net interest income for December. The net interest margin declined
to 3.40% in the fourth quarter of 2007 from 3.49% in the 2006 fourth
quarter, but it increased from 3.38% in the third quarter of 2007,
primarily due to higher earning net assets acquired from Oak Hill. The
cost of funds throughout the year increased at a faster pace then
earning assets yields primarily due to competitive market pressures on
deposit rates and customer preferences for higher-rate, shorter-tem
products. WesBanco has more recently increased short term borrowings
and decreased longer term borrowings as interest rates declined, in
order to enhance its liability sensitive position in a falling rate
environment and improve its net interest margin. The margin has also
somewhat benefited from higher average non-interest bearing deposit
balances.

-- For the year-to-date, non-interest income increased $12.5 million, with
contributions from trust fees of $1.2 million, service charges on
deposits of $1.6 million, improved securities brokerage revenues of
$1.1 million, higher mortgage banking income from sales to the
secondary market of $0.6 million and $0.9 million in security sale
gains in 2007. A deferred gain on the sale of a former branch facility
of $1.0 million and the net proceeds from a bank-owned life insurance
claim of $0.9 million were also recorded in 2007, while 2006 included
an impairment loss of $8.0 million on the investment portfolio
restructuring, net of a recognized $2.6 million in net gains on the
sale of four branches. The increase in non-interest income for the
fourth quarter of 26.6% was due to the inclusion of Oak Hill's December
non-interest income of $1.3 million, increases in trust fees and
deposit activity fees, and improved securities brokerage revenues.

-- For 2007, the provision for credit losses was $8.5 million, with net
charge-offs for the year at 0.28% versus 0.26% for 2006. Likewise,
non-performing loans as a percent of total loans remained consistent at
approximately 0.55% for both years. However, in the fourth quarter of
2007, the provision increased $2.3 million as compared to the fourth
quarter of 2006 due to higher charge-offs in the 2007 quarter and
general economic conditions that adversely impacted overall credit
quality. Although WesBanco does not have any material direct exposure
to sub-prime loans, the problems associated with sub-prime lending are
having an adverse impact on markets where WesBanco has exposure. The
increase in charge-offs was due primarily to a $1.0 million charge-off
related to a single non-performing commercial loan credit, for which a
reserve had been established for the amount of the charge off, and
additional charge-offs in the commercial real estate and consumer and
residential loan categories. Net charge-offs to average loans
increased to 0.41% for the quarter as compared to 0.17% for the fourth
quarter of 2006. The allowance for loan losses as a percent of total
loans decreased from 1.10% as of December 31, 2006 to 1.04% at December
31, 2007, due to the consolidation of Oak Hill and the application of
current accounting guidance to Oak Hill's preexisting reserve.
Approximately $6.6 million of Oak Hill's reserve was added to the
combined reserve as of December 31, 2007 with an additional $3.0
million designated as an adjustment to the balance of Oak Hill's
impaired loans. Oak Hill contributed $7.3 million to non-performing
loans at December 31, 2007.

-- Non-interest expense for 2007 over 2006 increased $4.8 million, with
Oak Hill contributing approximately $3.3 million. The remaining
increase of $1.5 million or 1.5% was primarily due to increases in
salaries and benefits and professional fees, somewhat offset by
reductions in marketing, communication costs and miscellaneous taxes.
Fourth quarter non-interest expenses increased $3.6 million or 13.4%
due primarily to the addition of $3.3 million of Oak Hill expenses,
with other increases attributable to normal increases in personnel
related costs, partially offset by a decrease in miscellaneous taxes.
Oak Hill merger-related expenses charged to operations were $0.6
million in the fourth quarter.

-- For all of 2007, the provision for income taxes decreased $1.2 million
due to a lower effective tax rate of 15.2% from 19.2% in 2006. The
decrease in the effective tax rate was due primarily to a $1.6 million
credit resulting from the second quarter 2007 correction of certain
prior period deferred tax amounts. The effect of the lower effective
tax rate for all of 2007 was partially offset by a $4.4 million
increase in pre-tax income. The provision in the fourth quarter
decreased $1.4 million compared to the prior year quarter primarily due
to lower pre-tax income and a higher percentage of tax-exempt income.

-- Total loans at December 31, 2007 increased $788.4 million or 27.1%
compared to December 31, 2006. Excluding loans acquired from Oak Hill
of $912.4 million, loans decreased 4.3% compared to December 31, 2006
due to the Bank's strategy of selling most new residential mortgages to
the secondary market.

-- Total deposits increased 30.5%, however, excluding the acquired Oak
Hill deposits, were relatively flat. As a result of the current
interest rate environment and other bank and non-bank competition
customers are favoring shorter-term, higher-yielding money market
accounts, while new checking account campaigns have increased the
number of demand deposit accounts.

-- The Oak Hill merger added $146.7 million to FHLB and other short-term
borrowings at the end of 2007. However, these borrowings as a percent
of total assets were 13.7% at the end of both 2007 and 2006. Short
term bank borrowings increased to fund the cash portion of the merger
consideration.

-- As noted previously, the Oak Hill merger was consummated on November
30, 2007. As a result of the merger, total shareholders' equity
increased to $580.3 million, and goodwill and other identified
intangible assets of approximately $134.1 million were recorded. The
total equity to assets ratio was 10.52% at year end while tangible
equity to tangible assets decreased to 5.96% as a result of the merger.

-- For the quarter ended December 31, 2007, WesBanco repurchased a total
of 152,275 common shares at an average price of $22.66 per share.
Year-to-date shares repurchased totaled 1,045,673 at $29.34 per share.
WesBanco has 584,325 shares remaining for repurchase under its current
authorized repurchase plan.

WesBanco is a multi-state bank holding company with total assets of
approximately $5.4 billion, operating through 116 locations and 152 ATMs in
West Virginia, Ohio, and Pennsylvania. WesBanco's banking subsidiaries are
WesBanco Bank, Inc., headquartered in Wheeling, West Virginia, and Oak Hill
Banks, headquartered in Jackson, Ohio. In addition, WesBanco operates an
insurance company, WesBanco Insurance Services, Inc., and a full service
broker/dealer, WesBanco Securities, Inc.
Forward-looking Statement
This press release contains certain forward-looking statements, including
certain plans, expectations, goals, and projections, and including statements
about the benefits of the merger between WesBanco and Oak Hill, which are
subject to numerous assumptions, risks, and uncertainties. Actual results
could differ materially from those contained or implied by such statements for
a variety of factors including: the businesses of WesBanco and Oak Hill 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 may not be fully realized within the expected timeframes;
disruption from the merger may make it more difficult to maintain
relationships with clients, associates, or suppliers; changes in economic
conditions; movements in interest rates; competitive pressures on product
pricing and services; success and timing of other business strategies; the
nature, extent, and timing of governmental actions and reforms; and extended
disruption of vital infrastructure; and other factors described in WesBanco's
2006 Annual Report on Form 10-K and documents subsequently filed by WesBanco
with the Securities and Exchange Commission, including WesBanco's Form 10-Q as
of September 30, 2007. All forward-looking statements included in this news
release are based on information available at the time of the release.
WesBanco assumes no obligation to update any forward-looking statement.

WESBANCO, INC.
Consolidated Selected Financial Highlights
(unaudited, dollars in thousands, except per share amounts)

For the Three MonthS Ended
December 31,

Statement of income 2007 2006 % Change
Interest income $63,928 $57,886 10.44%
Interest expense 32,154 27,609 16.46%
Net interest income 31,774 30,277 4.94%
Provision for credit losses 3,832 1,568 144.39%
Net interest income after
provision for
credit losses 27,942 28,709 (2.67%)
Non-interest income
Trust fees 4,048 3,733 8.44%
Service charges on deposits 5,348 4,301 24.34%
Net securities gains/(losses) 204 35 482.86%
Other income 4,242 2,861 48.27%
Total non-interest income 13,842 10,930 26.64%
Non-interest expense
Salaries and employee benefits 15,577 13,423 16.05%
Net occupancy 2,098 1,937 8.31%
Equipment 1,998 1,937 3.15%
Amortization of intangible assets 704 617 14.10%
Marketing expense 1,115 1,290 (13.57%)
Merger and restructuring expenses 635 - 100.00%
Other operating expenses 7,906 7,271 8.73%
Total non-interest expense 30,033 26,475 13.44%
Income before provision for
income taxes 11,751 13,164 (10.73%)
Provision for income taxes 1,087 2,528 (57.00%)
Net income $10,664 $10,636 0.26%

Taxable equivalent net interest
income $33,752 $32,330 4.40%

Per common share data
Net income per common share - basic $0.47 $0.49 (4.08%)
Net income per common share - diluted $0.47 $0.49 (4.08%)
Dividends declared $0.275 $0.265 3.77%
Book value (period end)
Tangible book value (period end)
Average shares outstanding - basic 22,544,167 21,523,291 4.74%
Average shares outstanding - diluted 22,551,781 21,580,177 4.50%
Period end shares outstanding

Selected ratios
Return on average assets 0.96% 1.03% (7.20%)
Return on average equity 9.09% 10.06% (9.65%)
Yield on earning assets (1) 6.63% 6.45% 2.79%
Cost of interest bearing liabilities 3.65% 3.37% 8.31%
Net interest spread (1) 2.98% 3.08% (3.25%)
Net interest margin (1) 3.40% 3.49% (2.58%)
Efficiency (1) 63.10% 61.20% 3.10%
Average loans to average deposits 94.79% 97.17% (2.44%)
Annualized net loan charge-
offs/average loans 0.41% 0.17% 142.80%
Effective income tax rate 9.25% 19.20% (51.82%)

For the Year Ended
December 31,

Statement of income 2007 2006 % Change
Interest income $236,393 $227,269 4.01%
Interest expense 117,080 104,436 12.11%
Net interest income 119,313 122,833 (2.87%)
Provision for credit losses 8,516 8,739 (2.55%)
Net interest income after
provision for
credit losses 110,797 114,094 (2.89%)
Non-interest income
Trust fees 16,212 15,039 7.80%
Service charges on deposits 18,345 16,714 9.76%
Net securities gains/(losses) 943 (7,798) 112.09%
Other income 17,439 16,453 5.99%
Total non-interest income 52,939 40,408 31.01%
Non-interest expense
Salaries and employee benefits 57,401 53,683 6.93%
Net occupancy 7,969 7,504 6.20%
Equipment 7,656 7,921 (3.35%)
Amortization of intangible assets 2,485 2,511 (1.04%)
Marketing expense 4,482 5,143 (12.85%)
Merger and restructuring expenses 635 540 17.59%
Other operating expenses 30,418 28,902 5.25%
Total non-interest expense 111,046 106,204 4.56%
Income before provision for
income taxes 52,690 48,298 9.09%
Provision for income taxes 8,021 9,263 (13.41%)
Net income $44,669 $39,035 14.43%

Taxable equivalent net interest
income $127,143 $131,485 (3.30%)

Per common share data
Net income per common share - basic $2.09 $1.79 16.76%
Net income per common share - diluted $2.09 $1.79 16.76%
Dividends declared $1.10 $1.06 3.77%
Book value (period end) $21.86 $19.39 12.74%
Tangible book value (period end) $11.44 $12.64 (9.53%)
Average shares outstanding - basic 21,343,302 21,762,567 (1.93%)
Average shares outstanding - diluted 21,375,377 21,816,573 (2.02%)
Period end shares outstanding 26,547,073 21,496,793 23.49%

Selected ratios
Return on average assets 1.09% 0.94% 15.88%
Return on average equity 10.63% 9.35% 13.69%
Yield on earning assets (1) 6.61% 6.27% 5.42%
Cost of interest bearing liabilities 3.60% 3.14% 14.65%
Net interest spread (1) 3.01% 3.13% (3.83%)
Net interest margin (1) 3.44% 3.49% (1.43%)
Efficiency (1) 61.66% 61.78% (0.19%)
Average loans to average deposits 95.28% 97.78% (2.56%)
Annualized net loan charge-
offs/average loans 0.28% 0.23% 21.30%
Effective income tax rate 15.22% 19.18% (20.63%)

(1) 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
(unaudited, dollars in thousands)

Balance sheet (period end) December 31,

Assets 2007 2006 % Change
Cash and due from banks $130,219 $96,605 34.80 %
Fed Funds sold 276 - 100.00
Securities 937,084 736,707 27.20

Loans held for sale 63,655 3,170 1,908.04
Portfolio Loans:
Commercial and commercial real
estate 2,147,129 1,575,170 36.31
Residential real estate 979,578 896,533 9.26
Consumer and home equity 569,904 436,510 30.56
Total portfolio loans 3,696,611 2,908,213 27.11
Allowance for loan losses (38,543) (31,979) 20.53
Net portfolio loans 3,658,068 2,876,234 27.18
Premises and equipment, net 95,985 67,404 42.40
Goodwill 256,347 137,258 86.76
Core deposit intangible, net 20,383 7,889 158.37
Other assets 206,865 172,876 19.66
Total Assets $5,368,882 $4,098,143 31.01 %

Liabilities and Shareholders' Equity
Non-interest bearing demand deposits $519,287 $401,909 29.21 %
Interest bearing demand deposits 416,470 356,088 16.96
Money market accounts 612,089 354,082 72.87
Savings deposits 440,358 441,226 (0.20)
Certificates of deposit 1,919,726 1,442,242 33.11
Total deposits 3,907,930 2,995,547 30.46
Federal Home Loan Bank borrowings 405,798 358,907 13.06
Short-term borrowings 329,515 202,561 62.67
Junior subordinated debt 111,024 87,638 26.68
Other liabilities 34,296 36,615 (6.33)
Shareholders' equity 580,319 416,875 39.21
Total Liabilities and Shareholders'
Equity $5,368,882 $4,098,143 31.01 %

% Change
September 30,
Balance sheet (period end) 2007
September 30, to Dec. 31,
Assets 2007 2007
Cash and due from banks $73,666 76.77 %
Fed Funds sold - 100.00
Securities 734,285 27.62

Loans held for sale 4,849 1,212.74
Portfolio Loans:
Commercial and commercial real
estate 1,540,958 39.34
Residential real estate 814,047 20.33
Consumer and home equity 437,595 30.24
Total portfolio loans 2,792,600 32.37
Allowance for loan losses (31,647) 21.79
Net portfolio loans 2,760,953 32.49
Premises and equipment, net 68,518 40.09
Goodwill 137,258 86.76
Core deposit intangible, net 6,108 233.71
Other assets 174,956 18.24
Total Assets $3,960,593 35.56 %

Liabilities and Shareholders' Equity
Non-interest bearing demand deposits $382,487 35.77 %
Interest bearing demand deposits 355,940 17.01
Money market accounts 384,308 59.27
Savings deposits 403,411 9.16
Certificates of deposit 1,433,906 33.88
Total deposits 2,960,052 32.02
Federal Home Loan Bank borrowings 299,269 35.60
Short-term borrowings 160,770 104.96
Junior subordinated debt 87,638 26.68
Other liabilities 41,558 (17.47)
Shareholders' equity 411,306 41.09
Total Liabilities and Shareholders'
Equity $3,960,593 35.56 %

Average balance sheet and
net interest margin
analysis Three months ended December 31,

2007 2006
Average Average Average Average
Assets Balance Rate Balance Rate
Due from banks - interest bearing $2,300 3.79% $1,779 3.12%
Loans, net of unearned income 3,115,398 6.86% 2,916,263 6.65%
Securities:
Taxable 462,911 5.18% 385,244 4.82%
Tax-exempt 337,413 6.65% 349,431 6.72%
Total securities 800,324 5.80% 734,675 5.72%
Federal funds sold 9,814 4.85% 13,837 5.38%
Other earning assets (1) 22,103 5.94% 23,341 6.19%
Total earning assets 3,949,939 6.63% 3,689,895 6.45%
Other assets 476,134 399,396
Total Assets $4,426,073 $4,089,291

Liabilities and Shareholders' Equity
Interest bearing demand deposits $382,749 1.34% $352,711 1.30%
Money market accounts 467,236 2.85% 355,875 2.35%
Savings deposits 414,918 1.24% 446,548 1.40%
Certificates of deposit 1,597,720 4.67% 1,455,961 4.24%
Total interest bearing deposits 2,862,623 3.43% 2,611,095 3.10%
Federal Home Loan Bank borrowings 323,095 4.30% 365,222 3.85%
Short-term borrowings 211,460 4.31% 184,231 4.91%
Junior subordinated debt 95,519 6.62% 87,638 6.46%
Total interest bearing
liabilities 3,492,697 3.65% 3,248,186 3.37%
Non-interest bearing demand deposits 423,863 390,078
Other liabilities 44,034 31,563
Shareholders' equity 465,479 419,464

Total Liabilities and Shareholders'
Equity $4,426,073 $4,089,291

Taxable equivalent net interest
spread 2.98% 3.08%
Taxable equivalent net interest
margin 3.40% 3.49%

For the year ended
December 31,

2007 2006
Average Average Average Average
Assets Balance Rate Balance Rate
Due from banks - interest bearing $1,749 2.57% $2,130 2.25%
Loans, net of unearned income 2,906,197 6.85% 2,919,480 6.51%
Securities:
Taxable 414,792 5.00% 434,959 4.42%
Tax-exempt 334,332 6.68% 369,482 6.69%
Total securities 749,124 5.75% 804,441 5.46%
Federal funds sold 16,005 5.19% 5,296 5.14%
Other earning assets (1) 21,766 5.69% 30,927 5.06%
Total earning assets 3,694,841 6.61% 3,762,274 6.27%
Other assets 405,956 398,947
Total Assets $4,100,797 $4,161,221

Liabilities and Shareholders' Equity
Interest bearing demand deposits $357,616 1.31% $341,966 1.08%
Money market accounts 395,017 2.75% 383,260 2.19%
Savings deposits 423,485 1.32% 459,277 1.29%
Certificates of deposit 1,481,014 4.60% 1,420,903 3.92%
Total interest bearing deposits 2,657,132 3.36% 2,605,406 2.83%
Federal Home Loan Bank borrowings 320,247 4.12% 461,712 3.71%
Short-term borrowings 181,539 4.82% 173,481 4.58%
Junior subordinated debt 89,623 6.53% 87,638 6.39%
Total interest bearing
liabilities 3,248,541 3.60% 3,328,237 3.14%
Non-interest bearing demand deposits 393,040 380,460
Other liabilities 38,984 35,000
Shareholders' equity 420,232 417,524

Total Liabilities and Shareholders'
Equity $4,100,797 $4,161,221

Taxable equivalent net interest
spread 3.01% 3.13%
Taxable equivalent net interest
margin 3.44% 3.49%

(1) Federal Reserve stock, Federal Home Loan Bank stock and equity
securities that do not have readily determinable fair market values.

WESBANCO, INC.
Consolidated Selected Financial
Highlights (unaudited, dollars
in thousands, except per share amounts)

Quarter Ended

Dec. 31, Sept. 30, June 30,
Statement of income 2007 2007 2007
Interest income $63,928 $57,460 $57,812
Interest expense 32,154 29,100 28,626
Net interest income 31,774 28,360 29,186
Provision for credit losses 3,832 1,448 1,776
Net interest income after
provision for
credit losses 27,942 26,912 27,410
Non-interest income
Trust fees 4,048 3,941 3,885
Service charges on deposits 5,348 4,683 4,431
Net securities gains 204 22 39
Other income 4,242 3,763 5,097
Total non-interest income 13,842 12,409 13,452
Non-interest expense
Salaries and employee benefits 15,577 14,131 13,815
Net occupancy 2,098 2,002 1,866
Equipment 1,998 1,872 1,884
Core deposit intangibles 704 589 596
Marketing expense 1,115 1,331 1,414
Merger and restructuring expenses 635 - -
Other operating expenses 7,906 7,731 7,397
Total non-interest expense 30,033 27,656 26,972
Income before provision for
income taxes 11,751 11,665 13,890
Provision for income taxes 1,087 1,902 1,595
Net income $10,664 $9,763 $12,295

Taxable equivalent net interest income $33,752 $30,252 $31,133

Per common share data
Net income per common share - basic $0.47 $0.47 $0.59
Net income per common share - diluted $0.47 $0.47 $0.59
Dividends declared $0.275 $0.275 $0.275
Book value (period end) $21.86 $19.94 $19.54
Tangible book value (period end) $11.44 $12.99 $12.60
Average shares outstanding - basic 22,544,167 20,711,866 20,838,798
Average shares outstanding - diluted 22,551,781 20,732,741 20,884,156
Period end shares outstanding 26,547,073 20,628,092 20,759,920
Full time equivalent employees 1,562 1,177 1,191

Selected ratios
Return on average assets 0.96% 0.98% 1.23%
Return on average equity 9.09% 9.51% 12.12%
Yield on earning assets (1) 6.63% 6.61% 6.60%
Cost of interest bearing liabilities 3.65% 3.69% 3.61%
Net interest spread (1) 2.98% 2.92% 2.99%
Net interest margin (1) 3.40% 3.38% 3.46%
Efficiency (1) 63.10% 64.83% 60.50%
Average loans to average deposits 94.79% 94.81% 94.88%
Trust Assets, market value at period
end $3,084,145 $3,129,179 $3,041,464

Quarter Ended

March 31, Dec. 31,
Statement of income 2007 2006
Interest income $57,193 $57,886
Interest expense 27,200 27,609
Net interest income 29,993 30,277
Provision for credit losses 1,460 1,568
Net interest income after
provision for
credit losses 28,533 28,709
Non-interest income
Trust fees 4,338 3,733
Service charges on deposits 3,883 4,301
Net securities gains 678 35
Other income 4,337 2,861
Total non-interest income 13,236 10,930
Non-interest expense
Salaries and employee benefits 13,878 13,423
Net occupancy 2,003 1,937
Equipment 1,902 1,937
Core deposit intangibles 596 617
Marketing expense 622 1,290
Merger and restructuring expenses - -
Other operating expenses 7,384 7,271
Total non-interest expense 26,385 26,475
Income before provision for
income taxes 15,384 13,164
Provision for income taxes 3,437 2,528
Net income $11,947 $10,636

Taxable equivalent net interest
income $32,005 $32,330

Per common share data
Net income per common share - basic $0.56 $0.49
Net income per common share - diluted $0.56 $0.49
Dividends declared $0.275 $0.265
Book value (period end) $19.40 $19.39
Tangible book value (period end) $12.50 $12.64
Average shares outstanding - basic 21,271,328 21,523,291
Average shares outstanding - diluted 21,325,166 21,580,177
Period end shares outstanding 20,948,040 21,496,793
Full time equivalent employees 1,168 1,168

Selected ratios
Return on average assets 1.20% 1.03%
Return on average equity 11.77% 10.06%
Yield on earning assets (1) 6.59% 6.45%
Cost of interest bearing liabilities 3.46% 3.37%
Net interest spread (1) 3.14% 3.08%
Net interest margin (1) 3.56% 3.49%
Efficiency (1) 58.32% 61.20%
Average loans to average deposits 96.72% 97.17%
Trust Assets, market value at period
end $2,972,044 $2,976,621

(1) 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
(unaudited, dollars in thousands)
Quarter Ended
Dec. 31, Sept. 30, June 30, March 31, Dec. 31,
Asset quality data 2007 2007 2007 2007 2006
Non-performing assets:
Non-accrual loans $19,857 $10,859 $9,651 $12,126 $16,154
Renegotiated loans - - - - -
Total non-performing
loans 19,857 10,859 9,651 12,126 16,154
Other real estate and
repossessed assets 3,998 3,483 4,067 3,369 4,052
Total non-performing
loans and assets $23,855 $14,342 $13,718 $15,495 $20,206
Loans past due 90 days
or more $11,546 $7,544 $7,869 $6,194 $6,488

Non-performing
assets/total assets 0.44 % 0.36 % 0.34 % 0.38 % 0.49 %
Non-performing
assets/total loans,
other real
estate and
repossessed assets 0.64 % 0.51 % 0.48 % 0.54 % 0.69 %
Non-performing
loans/total loans 0.54 % 0.39 % 0.34 % 0.43 % 0.55 %
Non-performing loans
and loans past due 90
days or more/total
loans 0.85 % 0.66 % 0.62 % 0.64 % 0.78 %
Non-performing loans,
loans past due 90 days
and other
real estate
owned/total loans
and other real
estate owned 0.95 % 0.77 % 0.75 % 0.75 % 0.89 %

Allowance for loan
losses
Allowance for loan
losses $38,543 $31,647 $31,928 $31,757 $31,979
Provision for loan
losses 3,807 1,500 1,500 1,460 1,568
Net loan charge-offs 3,316 1,781 1,329 1,682 1,258
Annualized net loan
charge-offs /average
loans 0.41 % 0.25 % 0.19 % 0.24 % 0.17 %
Allowance for loan
losses/total loans 1.04 % 1.13 % 1.13 % 1.12 % 1.10 %
Allowance for loan
losses/non-performing
loans 1.94 x 2.91 x 3.31 x 2.62 x 1.98 x
Allowance for loan
losses/non-performing
loans and
past due 90 days or
more 1.23 x 1.72 x 1.82 x 1.73 x 1.41 x

Year Ended
Dec 31, Dec. 31,
2007 2006
Provision for loan losses $8,267 $8,739
Net loan charge-offs 8,108 7,717
Net loan charge-offs /average loans 0.28 % 0.26 %

Quarter Ended

Dec. Sept. June March Dec.
31, 30, 30, 31, 31,
2007 2007 2007 2007 2006
Capital ratios
Tier I leverage capital 8.27 % 9.38 % 9.21 % 9.14 % 9.27 %
Tier I risk-based capital 10.50 % 12.10 % 11.98 % 12.20 % 12.35 %
Total risk-based capital 11.49 % 13.18 % 13.07 % 13.30 % 13.44 %
Shareholders' equity to assets 10.52 % 10.31 % 10.15 % 10.23 % 10.26 %
Tangible equity to tangible
assets (1) 5.96 % 7.02 % 6.81 % 6.77 % 6.87 %

(1) Tangible equity is defined as shareholders' equity less goodwill and
other intangible assets, and tangible assets are defined as total
assets less goodwill and other intangible assets. The calculation is
based on period end balances.

SOURCE WesBanco, Inc.

Paul M. Limbert, President and Chief Executive Officer, or Robert H. Young,
Executive Vice President and Chief Financial Officer, both of WesBanco, Inc.,
+1-304-234-9000