WesBanco, Inc. (NASDAQ:WSBC) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET

Company Participants

John Iannone - SVP Investor Relations

Todd Clossin - President and CEO

Jeff Jackson - Senior EVP and COO

Dan Weiss - EVP and CFO

Conference Call Participants

David Bishop - Hovde Group

Daniel Cardenas - Janney Montgomery Scott

Manuel Navas - D.A. Davidson

Operator

Hello and welcome to the WesBanco, Inc. Third 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 today's event is being recorded.

I'd now like to turn the conference over to host today, John Iannone. Mr. Iannone, please go ahead.

John Iannone

Thank you. Good morning. And welcome to WesBanco, Inc.’s third 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 October 26, 2022, 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, and good morning, everyone. On today's calls, we will review our results for the third quarter of 2022 and provide an update on our operations and current 2022 outlook. Key takeaways from the call today are; solid financial performance demonstrated by loan growth, net interest margin expansion, and discretionary cost control. Robust deposit base that continues to provide us with strong low cost deposit flows during a time of quickly rising interest rates and WesBanco remains a well-capitalized financial institution with strong liquidity and balance sheet and credit quality metrics.

I'd also like to introduce Jeff Jackson, our Chief Operating Officer, and my anticipated successor upon my retirement at the end of next year. Jeff's experience at both First Horizon and IBM is exceptional, and throughout his career, he has successfully built and led teams and delivered top tier results. In the few short months that we have worked together, I am proud to say that I am impressed by his knowledge, his ideas, and his energy. He is a great addition to the WesBanco family and someone who is well equipped to lead our company well into the future. Welcome, Jeff.