WesBanco, Inc. (NASDAQ:WSBC) Q4 2023 Earnings Conference Call January 24, 2024 10:00 AM ET

Company Participants

John Iannone - Senior Vice President, Investor Relations

Jeffrey Jackson - President and Chief Executive Officer

Daniel Weiss - Executive Vice President and Chief Financial Officer

Conference Call Participants

Karl Shepard - RBC Capital Markets

David Bishop - Hovde Group

Russell Gunther - Stephens

Daniel Tamayo - Raymond James

Catherine Mealor - KBW

Casey Whitman - Piper Sandler

Manuel Navas - D.A. Davidson

Operator

Good day and welcome to the WesBanco Fourth Quarter 2023 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 Mr. John Iannone. Please go ahead, sir.

John Iannone

Thank you. Good morning and welcome to WesBanco, Inc.'s Fourth Quarter 2023 Earnings Conference Call. Leading the call today are Jeff Jackson, President and Chief Executive 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 24th, 2024, and WesBanco undertakes no obligation to update them.

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

Jeffrey Jackson

Thanks, John, and good morning. On today's call, we will review our results for the fourth quarter of 2023 and provide an update on our operations and our current 2024 outlook. Key takeaways from the call today are successfully navigated industry-wide headwinds through the strength of our teams and our strategies, sustained loan deposit and fee income growth, maintain strong capital levels and key credit quality measures, focused on delivering positive operating leverage through new products and services and expense management.

Despite the industry-wide headwinds caused by the Federal Reserve's record interest rate escalation, WesBanco performed well during 2023 through our continued focus on customer service and sustainable growth strategies. We achieved sustained loan, deposit and fee income growth, maintained strong capital levels and credit quality and remain focused on ensuring a strong organization for our shareholders, while investing appropriately for long-term sustainable growth.