WesBanco, Inc. (NASDAQ:WSBC) Q4 2022 Earnings Conference Call January 25, 2023 10:00 AM ET

Company Participants

John Iannone - Senior Vice President, Investor Relations

Todd Clossin - President and Chief Executive Officer

Jeff Jackson - Senior Executive Vice President and Chief Operating Officer

Dan Weiss - Executive Vice President and Chief Financial Officer

Conference Call Participants

Daniel Tamayo - Raymond James

Karl Shepard - RBC Capital Markets

Casey Whitman - Piper Sandler

Catherine Mealor - KBW

Manuel Navas - D.A. Davidson

Daniel Cardenas - Janney Montgomery Scott

Operator

Good day and welcome to the WesBanco Fourth Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to, John Iannone, Senior Vice President of Investor Relations. Please go ahead.

John Iannone

Thank you. Good morning. And welcome to WesBanco, Inc.'s fourth quarter 2022 earnings conference call.

Leading the call today are Todd Clossin, President and Chief Executive Officer; Jeff Jackson, Senior Executive Vice President and Chief Operating Officer; and Dan Weiss, Executive Vice President and Chief Financial Officer.

Today's call, an archive of which will be available on our website for one year, contains forward-looking information. Cautionary statements about this information and reconciliations of non-GAAP measures are included in our earnings-related materials issued yesterday afternoon, as well as our other SEC filings and investor materials. These materials are available on the Investor Relations section of our website, wesbanco.com. All statements speak only as of January 25, 2023, and WesBanco undertakes no obligation to update them.

I would now like to turn the call over to Todd. Todd?

Todd Clossin

Thank you, John. Good morning, everyone. On today's call, we'll review our results for the fourth quarter of 2022, and provide an update on our operations and current 2023 outlook. Key takeaways from the call today are our operational strategies and core advantages were evident throughout 2022, and were highlighted by our earning numerous national accolades. We had a solid financial performance demonstrated by loan growth, net interest margin expansion, and discretionary cost control. We remain well-positioned for continued success and are excited about our future growth opportunities.

WesBanco had another successful year during 2022 as we remain focused on ensuring a strong organization for our shareholders, and continued to appropriately return capital to them through both long-term sustainable earnings growth and effective capital management. Through successful operational execution we generated solid annual net income, while remaining a well-capitalized financial institution with strong liquidity, balance sheet, and credit quality metrics built upon our well-defined strategies and core advantages which will ensure success regardless of the economic environment.