WesBanco Announces Fourth Quarter and 2006 Results

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, 2006.

Net income for the fourth quarter of 2006 increased 0.8% to $10.6 million as compared to $10.5 million for the fourth quarter of 2005. Diluted earnings per share for the fourth quarter ended December 31, 2006 were $0.49 compared to $0.48 for the same period in 2005, an increase of 2.1%. Although the flat to inverted yield curve and highly competitive loan and deposit markets continue to challenge profitability, the fourth quarter results showed improvement compared to the fourth quarter of 2005 in the net interest margin as a result of the balance sheet repositioning completed in the second quarter, as well as a 22.4% increase in service charges on deposit accounts, the primary factor in increasing non-interest income from the prior year, and a lower provision for loan losses.

For the year ended December 31, 2006, net income was $39.0 million, a decrease of 8.7% from $42.8 million for 2005, while diluted earnings per share for the year ended December 31, 2006 were $1.79 compared to $1.90 for the same period of 2005. Net income for 2006 includes a $4.8 million after-tax loss recognized in the first quarter arising in connection with the balance sheet repositioning, and a $1.6 million net after-tax gain from the sale of four branches in the first quarter. On a diluted per share basis, core operating earnings were unchanged at $1.95 per share for both years. A reconciliation of GAAP basis net income to core operating earnings is found on the last table of this release.

"Results for the fourth quarter and the year reflect improvements over 2005 in the net interest margin, non-interest income and several expense categories. Effective balance sheet management to improve the quality of our investment and loan portfolios have provided consistent profitability," stated Mr. Limbert. "Our marketing campaigns over the last five quarters have emphasized lower cost checking accounts. These new checking accounts, along with the implementation of an overdraft fee product, have also significantly improved fee income."

"The branch optimization program continued in the fourth quarter by providing upgraded facilities to attract and retain customers and enhance WesBanco's market presence. New banking centers were opened in Marietta, OH and Reynoldsburg (Columbus), OH, replacing two existing locations in the same areas," said Mr. Limbert. "In 2007, we will open a new office in Gahanna (Columbus), OH in the first quarter replacing an older, existing facility in the same vicinity, and we will be soon constructing a new banking center in the Highlands development between Wheeling, WV and Washington, PA."

Highlights for the fourth quarter and year ended December 31, 2006:

- Net interest income for the fourth quarter and year ended December 31,

2006 decreased $2.1 million or 6.4% and $9.5 million or 7.2%,

respectively, compared to the same periods in 2005 as a result of the

flatter yield curve environment experienced by all banks and an

intentional repositioning of the balance sheet. Despite the shape of

the yield curve, and partially as a result of both balance sheet

repositioning and controlled deposit cost increases, the net interest

margin for the fourth quarter and for the year ended December 31, 2006

increased to 3.49%, as compared to 3.45% and 3.48% for the same periods

in 2005.

- Non-interest income in the fourth quarter increased $1.1 million or

11.3% as compared to the fourth quarter of 2005. Non-interest income

for the year ended December 31, 2006, net of the $8.0 million loss

associated with WesBanco's balance sheet repositioning and the gain of

$2.6 million on sale of the Ritchie County branches in the first

quarter, increased $6.7 million or 17.1% as compared to the prior year.

The increase in both periods was primarily driven by an increase in

activity charges on deposit accounts resulting from new fee-related

programs introduced in the fourth quarter of 2005. Service charges on

deposits increased 44.9% in 2006. Also contributing were higher trust

fees, increases in debit card activity-related fees, and improved sales

in securities and insurance business lines.

- The provision for loan losses increased $0.7 million or 8.6% in 2006 as

compared to 2005 primarily due to higher levels of non-performing and

classified loans, and general economic conditions that increased the

overall inherent level of risk in the loan portfolio. However, net

charge offs declined by 9.4% in 2006 and 65.8% in the fourth quarter of

2006 as compared to the same periods in 2005 which, combined with

slightly lower loan levels, resulted in a reduced provision in the

fourth quarter of 2006. In addition, most of the increase in non-

accrual loans consisted of loans that moved from the 90 days or more

past due category in the fourth quarter of 2006 that were previously

identified as impaired and considered in determining the provision in

prior periods. The provision for loan losses was $1.6 million in the

fourth quarter of 2006 as compared to $2.1 million in the fourth

quarter of 2005. Net charge-offs to average loans decreased to 0.26%

for 2006 as compared to 0.29% for 2005, and they were a low 0.17% for

the fourth quarter of 2006. The allowance for loan losses as a

percentage of total loans increased to 1.10% at December 31, 2006, from

1.05% at December 31, 2005.

- Non-interest expense decreased $0.2 million or 0.6% and $2.7 million or

2.5% compared to the fourth quarter and year ended December 31, 2005.

The decrease in the fourth quarter was primarily due to customer

acquisition costs in 2005 associated with the start up of a marketing

campaign to acquire new deposit accounts and customers. For the year,

the decrease was primarily due to a reduction in full-time equivalent

employees and the resulting lower salary and benefit costs, a reduction

in restructuring and merger-related expenses from the 2005 acquisition

of Winton Financial Corporation and a $1.0 million charge in the third

quarter of 2005 relating to the restructuring of certain bank

operations. Salaries and employee benefits for the year decreased $2.6

million or 4.6% from $56.3 million to $53.7 million. Full-time

equivalent employees at December 31, 2006 were 1,168 compared to 1,200

at December 31, 2005. Marketing expense increased $0.6 million in 2006

as compared to 2005. Total non-interest expenses for 2006 as compared

to 2005, excluding restructuring charges from both periods, were down

1.6%.

- The provision for income taxes decreased $0.3 million or 11.3% and $2.5

million or 21.0% for the fourth quarter and year ended December 31,

2006 compared to the same periods in 2005 due to the decrease in pre-

tax income and a higher percentage of tax-exempt income to total income

for the year. The effective tax rate was 19.2% for the year ended

December 31, 2006 compared to 21.5% for the same period in 2005.

- Total loans at December 31, 2006 decreased $29.5 million compared to

December 31, 2005 primarily due to the sale in the first quarter of

$6.0 million of under-performing commercial real estate loans and $19.3

million of loans as part of the sale of the Ritchie County branches.

Loan growth in 2006 was also impacted by a decreased retention of fixed

rate residential real estate loans in the portfolio as compared to

sales to the secondary market, reduced market opportunities for

mortgages and home equity loans in the higher interest rate

environment, and a focus on obtaining appropriate interest rate spreads

on new loans in a somewhat greater competitive lending environment.

Although total loans decreased as of December 31, 2006, total

commercial loans were up $39.7 million as compared to December 31,

2005, with the increase primarily attributable to higher commercial

real estate balances.

- Total deposits as of December 31, 2006 decreased by $32.8 million as

compared to December 31, 2005 due to the sale in the first quarter of

approximately $37.8 million of deposits in connection with the sale of

the branches. Money market accounts also decreased as customers in a

rising rate environment turned to short- and intermediate-term

certificates of deposit, non-bank money market funds and higher market

rates. WesBanco experienced an increase of 2.5% in non-interest

bearing demand deposit accounts in 2006, after a 9.9% increase in the

fourth quarter of 2005, due to several marketing campaigns that

resulted in the opening of a significant number of new retail accounts.

Interest-bearing demand deposits increased 9.4% also due to the

increased new account activity and a new product for certain municipal

accounts. The 2.7% increase in certificates of deposit was due to

growth in retail sales and from sales of a new Certificate of Deposit

Account Registry Service (CDARS) product marketed as an alternative to

certain customer repurchase agreements or to replace other wholesale

borrowings when conditions warranted.

- FHLB and other short-term borrowings decreased from $857.0 million as

of December 31, 2005, prior to the balance sheet repositioning

completed in the second quarter, to $561.5 million, a $295.5 million or

34.5% reduction. These borrowings as a percent of total assets

decreased to 13.7% from 19.4% at year end 2005. Likewise, total

investment securities have dropped since the prior year-end from $992.6

million to $736.7 million at the current year-end, a 25.8% decrease,

primarily due to the repositioning and sales from the available-for-

sale portfolio, as well as continued maturities and pay-downs. In the

current interest rate environment WesBanco has reduced its overall

wholesale leverage position, deciding instead to reduce short-term

borrowings with the proceeds from sales and maturities and using the

available cash and improved tangible leverage capital position to

repurchase its common stock. The tangible leverage ratio increased from

6.28% at December 31, 2005 to 6.95% at December 31, 2006.

- For the quarter and year ended December 31, 2006, WesBanco repurchased

a total of 78,900 shares and 508,163 shares, respectively. The average

price paid on a year to date basis for 2006 was $30.15 per share.

WesBanco has 629,998 shares remaining for repurchase under the current

one million share repurchase plan approved by the Board of Directors in

January 2006.

WesBanco is a multi-state bank holding company with total assets of approximately $4.1 billion, operating through 78 banking offices, one loan production office, and 112 ATMs in West Virginia, Ohio, and Pennsylvania. WesBanco's banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling, West Virginia. In addition, WesBanco operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. that also operates Mountaineer Securities, WesBanco's discount brokerage operation.

Forward-looking statements in this press release 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 press release should be read in conjunction with WesBanco's 2005 Annual Report on Form 10-K, as well as the Form 10-Q for the prior quarter ended September 30, 2006 filed with the Securities and Exchange Commission ("SEC"), which are available at the SEC's website http://www.sec.gov or at WesBanco's website, http://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 2005 Annual Report on Form 10-K filed with the SEC under the section "Risk Factors." Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including without limitation, 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 the parent company 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, Federal Deposit Insurance Corporation, the SEC, the National Association of Securities Dealers and other regulatory bodies; potential legislative and federal and state regulatory actions and reform; adverse decisions of federal and state courts; competitive conditions in the financial services industry; rapidly changing technology affecting financial services 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

(unaudited, dollars in thousands, except per share amounts)

For the Three Months Ended

December 31,

Statement of income 2006 2005 % Change

Interest income $57,886 $57,096 1.38%

Interest expense 27,609 24,742 11.59%

Net interest income 30,277 32,354 (6.42%)

Provision for loan losses 1,568 2,142 (26.80%)

Net interest income after

provision for loan losses 28,709 30,212 (4.97%)

Non-interest income

Trust fees 3,733 3,538 5.51%

Service charges on deposits 4,301 3,515 22.36%

Net securities gains/(losses) 35 59 (40.68%)

Other income 2,861 2,710 5.57%

Gains on early extinguishment of debt - - 0.00%

Total non-interest income 10,930 9,822 11.28%

Non-interest expense

Salaries and employee benefits 13,423 13,446 (0.17%)

Net occupancy 1,937 1,776 9.07%

Equipment 1,937 1,969 (1.63%)

Amortization of intangible assets 617 654 (5.66%)

Marketing expense 1,290 1,935 (33.33%)

Restructuring and merger-related

expenses (1) - - 0.00%

Other operating expenses 7,271 6,855 6.07%

Total non-interest expense 26,475 26,635 (0.60%)

Income before provision for

income taxes 13,164 13,399 (1.75%)

Provision for income taxes 2,528 2,850 (11.30%)

Net income $10,636 $10,549 0.82%

Taxable equivalent net interest income $32,330 $34,786 (7.06%)

Per common share data

Net income per common share - basic $0.49 $0.48 2.08%

Net income per common share - diluted $0.49 $0.48 2.08%

Dividends declared $0.265 $0.26 1.92%

Book value (period end)

Tangible book value (period end)

Average shares outstanding - basic 21,523,291 22,070,906 (2.48%)

Average shares outstanding - diluted 21,580,177 22,127,684 (2.47%)

Period end shares outstanding

Selected ratios

Return on average assets 1.03% 0.95% 8.62%

Return on average equity 10.06% 10.09% (0.30%)

Yield on earning assets (2) 6.45% 5.88% 9.69%

Cost of interest bearing liabilities 3.37% 2.74% 22.99%

Net interest spread (2) 3.08% 3.14% (1.91%)

Net interest margin (2) 3.49% 3.45% 1.16%

Efficiency (2) 61.20% 59.71% 2.50%

Average loans to average deposits 97.17% 96.92% 0.26%

Annualized net loan charge-

offs/average loans 0.17% 0.50% (65.77%)

Effective income tax rate 19.20% 21.27% (9.71%)

(1) Restructuring costs are associated with a reduction in WesBanco's

workforce through layoffs. Merger-related expenses are

primarily related to the acquisitions of Winton Financial

Corporation and Western Ohio Financial Corporation.

(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.

For the Year Ended

December 31,

Statement of income 2006 2005 % Change

Interest income $227,269 $224,745 1.12%

Interest expense 104,436 92,434 12.98%

Net interest income 122,833 132,311 (7.16%)

Provision for loan losses 8,739 8,045 8.63%

Net interest income after

provision for loan losses 114,094 124,266 (8.19%)

Non-interest income

Trust fees 15,039 14,305 5.13%

Service charges on deposits 16,714 11,534 44.91%

Net securities gains/(losses) (7,798) 2,021 (485.85%)

Other income 15,389 11,273 36.51%

Gains on early extinguishment of debt 1,064 - 100.00%

Total non-interest income 40,408 39,133 3.26%

Non-interest expense

Salaries and employee benefits 53,683 56,290 (4.63%)

Net occupancy 7,504 7,167 4.70%

Equipment 7,921 8,381 (5.49%)

Amortization of intangible assets 2,511 2,667 (5.85%)

Marketing expense 5,143 4,535 13.41%

Restructuring and merger-related

expenses (1) 540 1,530 (64.71%)

Other operating expenses 28,902 28,350 1.95%

Total non-interest expense 106,204 108,920 (2.49%)

Income before provision for

income taxes 48,298 54,479 (11.35%)

Provision for income taxes 9,263 11,722 (20.98%)

Net income $39,035 $42,757 (8.71%)

Taxable equivalent net interest income $131,485 $142,139 (7.50%)

Per common share data

Net income per common share - basic $1.79 $1.90 (5.78%)

Net income per common share - diluted $1.79 $1.90 (5.78%)

Dividends declared $1.06 $1.04 1.92%

Book value (period end) $19.39 $18.91 2.55%

Tangible book value (period end) $12.64 $12.19 3.69%

Average shares outstanding - basic 21,762,567 22,474,645 (3.17%)

Average shares outstanding - diluted 21,816,573 22,528,262 (3.16%)

Period end shares outstanding 21,496,793 21,955,359 (2.09%)

Selected ratios

Return on average assets 0.94% 0.95% (1.26%)

Return on average equity 9.35% 10.13% (7.71%)

Yield on earning assets (2) 6.27% 5.74% 9.23%

Cost of interest bearing liabilities 3.14% 2.52% 24.60%

Net interest spread (2) 3.13% 3.22% (2.80%)

Net interest margin (2) 3.49% 3.48% 0.29%

Efficiency (2) 61.78% 60.09% 2.81%

Average loans to average deposits 97.78% 96.38% 1.45%

Annualized net loan charge-

offs/average loans 0.26% 0.29% (8.86%)

Effective income tax rate 19.18% 21.52% (10.88%)

(1) Restructuring costs are associated with a reduction in WesBanco's

workforce through layoffs. Merger-related expenses are

primarily related to the acquisitions of Winton Financial

Corporation and Western Ohio Financial Corporation.

(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

(unaudited, dollars in thousands)

Balance sheet (period end) December 31,

Assets 2006 2005 % Change

Cash and due from banks $95,388 $108,176 (11.82)%

Due from banks - Interest bearing 1,217 2,432 (49.96)

Securities 736,707 992,564 (25.78)

Loans:

Loans held for sale 3,170 28,803 (88.99)

Commercial and commercial real

estate 1,575,170 1,535,503 2.58

Residential real estate 896,533 929,823 (3.58)

Consumer and home equity 436,510 446,751 (2.29)

Total loans 2,911,383 2,940,880 (1.00)

Allowance for loan losses (31,979) (30,957) 3.30

Net loans 2,879,404 2,909,923 (1.05)

Premises and equipment, net 67,404 64,707 4.17

Goodwill 137,258 137,258 -

Core deposit intangible, net 7,889 10,400 (24.14)

Other assets 175,001 196,655 (11.01)

Total Assets $4,100,268 $4,422,115 (7.28)%

Liabilities and Shareholders' Equity

Non-interest bearing demand deposits $401,909 $392,116 2.50 %

Interest bearing demand deposits 356,088 325,582 9.37

Money market accounts 354,082 444,071 (20.26)

Savings deposits 441,226 462,601 (4.62)

Certificates of deposit 1,442,242 1,403,954 2.73

Total deposits 2,995,547 3,028,324 (1.08)

Federal Home Loan Bank borrowings 358,907 612,693 (41.42)

Short-term borrowings 202,561 244,301 (17.09)

Junior subordinated debt 87,638 87,638 -

Other liabilities 38,740 33,929 14.18

Shareholders' equity 416,875 415,230 0.40

Total Liabilities and Shareholders'

Equity $4,100,268 $4,422,115 (7.28)%

% Change

Balance sheet (period end) September 30, September 30, 2006

Assets 2006 to Dec. 31, 2006

Cash and due from banks $98,657 (3.31)%

Due from banks - Interest bearing 1,744 (30.22)

Securities 716,210 2.86

Loans:

Loans held for sale 4,135 (23.34)

Commercial and commercial real estate 1,563,238 0.76

Residential real estate 908,171 (1.28)

Consumer and home equity 443,597 (1.60)

Total loans 2,919,141 (0.27)

Allowance for loan losses (31,669) 0.98

Net loans 2,887,472 (0.28)

Premises and equipment, net 66,010 2.11

Goodwill 137,258 -

Core deposit intangible, net 8,506 (7.25)

Other assets 180,230 (2.90)

Total Assets $4,096,087 0.10 %

Liabilities and Shareholders' Equity

Non-interest bearing demand deposits $388,642 3.41 %

Interest bearing demand deposits 344,986 3.22

Money market accounts 354,659 (0.16)

Savings deposits 452,382 (2.47)

Certificates of deposit 1,479,113 (2.49)

Total deposits 3,019,782 (0.80)

Federal Home Loan Bank borrowings 371,910 (3.50)

Short-term borrowings 160,538 26.18

Junior subordinated debt 87,638 -

Other liabilities 36,962 4.81

Shareholders' equity 419,257 (0.57)

Total Liabilities and Shareholders' Equity $4,096,087 0.10 %

Average balance sheet and

net interest margin analysis Three months ended December 31,

2006 2005

Average Average Average Average

Assets Balance Rate Balance Rate

Due from banks - interest bearing $1,779 3.12% $2,941 2.97%

Loans, net of unearned income 2,916,263 6.65% 2,945,172 6.18%

Securities:

Taxable 385,244 4.82% 605,312 4.01%

Tax-exempt 349,431 6.72% 417,460 6.66%

Total securities 734,675 5.72% 1,022,772 5.09%

Federal funds sold 13,837 5.38% 332 4.78%

Other earning assets (1) 23,341 6.19% 44,173 4.42%

Total earning assets 3,689,895 6.45% 4,015,390 5.88%

Other assets 399,396 388,546

Total Assets $4,089,291 $4,403,936

Liabilities and Shareholders' Equity

Interest bearing demand deposits $352,711 1.30% $328,829 0.66%

Money market accounts 355,875 2.35% 461,912 2.02%

Savings deposits 446,548 1.40% 466,185 0.97%

Certificates of deposit 1,455,961 4.24% 1,403,569 3.37%

Total interest bearing deposits 2,611,095 3.10% 2,660,495 2.38%

Federal Home Loan Bank borrowings 365,222 3.85% 618,781 3.51%

Short-term borrowings 184,231 4.91% 210,690 3.68%

Junior subordinated debt 87,638 6.46% 87,638 6.16%

Total interest bearing

liabilities 3,248,186 3.37% 3,577,604 2.74%

Non-interest bearing demand deposits 390,078 378,342

Other liabilities 31,563 33,300

Shareholders' equity 419,464 414,690

Total Liabilities and Shareholders'

Equity $4,089,291 $4,403,936

Taxable equivalent net interest

spread 3.08% 3.14%

Taxable equivalent net interest

margin 3.49% 3.45%

(1) Federal Reserve stock, Federal Home Loan Bank stock and equity

securities that do not have readily determinable fair market values.

Average balance sheet and

net interest margin analysis For the Year ended December 31,

2006 2005

Average Average Average Average

Assets Balance Rate Balance Rate

Due from banks - interest bearing $2,130 2.25% $4,165 1.63%

Loans, net of unearned income 2,919,480 6.51% 2,950,987 6.04%

Securities:

Taxable 434,959 4.42% 664,656 3.95%

Tax-exempt 369,482 6.69% 418,904 6.70%

Total securities 804,441 5.46% 1,083,560 5.01%

Federal funds sold 5,296 5.14% 1,377 2.98%

Other earning assets (1) 30,927 5.06% 46,979 3.95%

Total earning assets 3,762,274 6.27% 4,087,068 5.74%

Other assets 398,947 399,992

Total Assets $4,161,221 $4,487,060

Liabilities and Shareholders' Equity

Interest bearing demand deposits $341,966 1.08% $329,498 0.52%

Money market accounts 383,260 2.19% 523,285 1.91%

Savings deposits 459,277 1.29% 457,613 0.75%

Certificates of deposit 1,420,903 3.92% 1,381,090 3.12%

Total interest bearing deposits 2,605,406 2.83% 2,691,486 2.16%

Federal Home Loan Bank borrowings 461,712 3.71% 670,157 3.41%

Short-term borrowings 173,481 4.58% 214,710 2.95%

Junior subordinated debt 87,638 6.39% 84,418 5.99%

Total interest bearing

liabilities 3,328,237 3.14% 3,660,771 2.52%

Non-interest bearing demand deposits 380,460 370,448

Other liabilities 35,000 33,824

Shareholders' equity 417,524 422,017

Total Liabilities and Shareholders'

Equity $4,161,221 $4,487,060

Taxable equivalent net interest

spread 3.13% 3.22%

Taxable equivalent net interest

margin 3.49% 3.48%

(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 2006 2006 2006

Interest income $57,886 $56,942 $55,994

Interest expense 27,609 26,233 25,130

Net interest income 30,277 30,709 30,864

Provision for loan losses 1,568 2,268 2,263

Net interest income after

provision for loan losses 28,709 28,441 28,601

Non-interest income

Trust fees 3,733 3,711 3,537

Service charges on deposits 4,301 4,437 4,179

Net securities gains 35 17 92

Other income 2,861 3,492 3,535

Gains on early extinguishment of debt 0 17 1,047

Total non-interest income 10,930 11,674 12,390

Non-interest expense

Salaries and employee benefits 13,423 13,529 13,315

Net occupancy 1,937 1,688 1,866

Equipment 1,937 1,961 1,993

Core deposit intangibles 617 628 633

Marketing expense 1,290 943 1,837

Restructuring and merger-related

expenses (1) - - -

Other operating expenses 7,271 7,180 7,344

Total non-interest expense 26,475 25,929 26,988

Income before provision for

income taxes 13,164 14,186 14,003

Provision for income taxes 2,528 2,632 2,742

Net income $10,636 $11,554 $11,261

Taxable equivalent net interest income $32,330 $32,806 $33,046

Per common share data

Net income per common share - basic $0.49 $0.53 $0.52

Net income per common share - diluted $0.49 $0.53 $0.52

Dividends declared $0.265 $0.265 $0.265

Book value (period end) $19.39 $19.45 $19.13

Tangible book value (period end) $12.64 $12.69 $12.41

Average shares outstanding - basic 21,523,291 21,700,328 21,893,943

Average shares outstanding - diluted 21,580,177 21,746,255 21,946,829

Period end shares outstanding 21,496,793 2,155,173 21,783,350

Full time equivalent employees 1,168 1,191 1,176

Selected ratios

Return on average assets 1.03% 1.13% 1.09%

Return on average equity 10.06% 10.97% 10.83%

Yield on earning assets (2) 6.45% 6.40% 6.23%

Cost of interest bearing liabilities 3.37% 3.21% 3.05%

Net interest spread (2) 3.08% 3.19% 3.18%

Net interest margin (2) 3.49% 3.56% 3.54%

Efficiency (2) 61.20% 58.30% 59.40%

Average loans to average deposits 97.17% 98.40% 97.82%

Trust Assets, market value at period

end $2,976,621 $2,873,159 $2,797,321

(1) Restructuring costs are associated with a reduction in WesBanco's

workforce through layoffs. Merger-related expenses are

primarily related to the acquisitions of Winton Financial

Corporation and Western Ohio Financial Corporation.

(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.

March 31, Dec. 31,

Statement of income 2006 2005

Interest income $56,447 $57,096

Interest expense 25,464 24,742

Net interest income 30,983 32,354

Provision for loan losses 2,640 2,142

Net interest income after

provision for loan losses 28,343 30,212

Non-interest income

Trust fees 4,058 3,538

Service charges on deposits 3,797 3,515

Net securities gains (7,942) 59

Other income 5,501 2,710

Gains on early extinguishment of debt - -

Total non-interest income 5,414 9,822

Non-interest expense

Salaries and employee benefits 13,416 13,446

Net occupancy 2,013 1,776

Equipment 2,030 1,969

Core deposit intangibles 633 654

Marketing expense 1,073 1,935

Restructuring and merger-related

expenses (1) 540 -

Other operating expenses 7,107 6,855

Total non-interest expense 26,812 26,635

Income before provision for

income taxes 6,945 13,399

Provision for income taxes 1,361 2,850

Net income $5,584 $10,549

Taxable equivalent net interest income $33,303 $34,786

Per common share data

Net income per common share - basic $0.25 $0.48

Net income per common share - diluted $0.25 $0.48

Dividends declared $0.265 $0.26

Book value (period end) $18.98 $18.91

Tangible book value (period end) $12.28 $12.19

Average shares outstanding - basic 21,937,948 22,070,906

Average shares outstanding - diluted 21,998,750 22,127,684

Period end shares outstanding 21,925,266 21,955,359

Full time equivalent employees 1,165 1,200

Selected ratios

Return on average assets 0.52% 0.95%

Return on average equity 5.45% 10.09%

Yield on earning assets (2) 6.01% 5.88%

Cost of interest bearing liabilities 2.93% 2.74%

Net interest spread (2) 3.08% 3.14%

Net interest margin (2) 3.40% 3.45%

Efficiency (2) 69.25% 59.71%

Average loans to average deposits 97.78% 96.92%

Trust Assets, market value at period end $2,871,129 $2,599,463

(1) Restructuring costs are associated with a reduction in WesBanco's

workforce through layoffs. Merger-related expenses are

primarily related to the acquisitions of Winton Financial

Corporation and Western Ohio Financial Corporation.

(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

(unaudited, dollars in thousands)

Quarter Ended

Dec. 31, Sept. 30, June 30, March 31, Dec. 31,

Asset quality data 2006 2006 2006 2006 2005

Non-performing assets:

Non-accrual loans $16,154 $10,356 $13,361 $14,129 $9,920

Renegotiated loans - - - - -

Total non-performing

loans 16,154 10,356 13,361 14,129 9,920

Other real estate and

repossessed assets 4,052 4,109 3,263 2,692 1,868

Total non-performing

loans and assets $20,206 $14,465 $16,624 $16,821 $11,788

Loans past due 90 days

or more $6,488 $11,594 $9,784 $6,528 $10,054

Non-performing

assets/total assets 0.49 % 0.35 % 0.41 % 0.39 % 0.27 %

Non-performing

assets/total loans,

other real estate and

repossessed assets 0.69 % 0.49 % 0.57 % 0.57 % 0.40 %

Non-performing

loans/total loans 0.55 % 0.35 % 0.46 % 0.48 % 0.34 %

Non-performing loans

and loans past due 90

days or more/total loans 0.78 % 0.75 % 0.79 % 0.70 % 0.68 %

Non-performing loans,

loans past due 90 days

and other real estate

owned/total loans and

other real estate owned 0.89 % 0.87 % 0.89 % 0.79 % 0.74 %

Allowance for loan

losses

Allowance for loan

losses $31,979 $31,669 $30,592 $32,291 $30,957

Provision for loan

losses 1,568 2,268 2,263 2,640 2,142

Net loan charge-offs 1,258 1,191 3,962 1,306 3,682

Annualized net loan

charge-offs /average

loans 0.17 % 0.16 % 0.54 % 0.18 % 0.50 %

Allowance for loan

losses/total loans 1.10 % 1.08 % 1.05 % 1.10 % 1.05 %

Allowance for loan

losses/non-performing

loans 1.98 x 3.06 x 2.29 x 2.29 x 3.12 x

Allowance for loan

losses/non-performing

loans and past due

90 days or more 1.41 x 1.44 x 1.32 x 1.56 x 1.55 x

Capital ratios

Tier I leverage capital 9.13 % 9.23 % 9.06 % 8.56 % 8.46 %

Tier I risk-based

capital 12.15 % 12.30 % 12.32 % 11.98 % 11.94 %

Total risk-based

capital 13.24 % 13.38 % 13.37 % 13.06 % 12.97 %

Shareholders' equity to

assets 10.26 % 10.27 % 10.07 % 9.55 % 9.42 %

Tangible equity to

tangible assets (1) 6.95 % 6.93 % 6.77 % 6.38 % 6.28 %

(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 quarterly averages.

WESBANCO, INC.

Reconciliation Table - Non-GAAP Financial Information

(unaudited, dollars in thousands, except per share amounts)

Note: This press release contains financial information other than that

provided by accounting principles generally accepted in the United States

of America ("GAAP"). The Company's management believes these Non-GAAP

measurements, which exclude the effects of merger-related and

restructuring expenses, are essential to a proper understanding of the

operating results of the Company's core business largely because they

allow investors to see clearly the performance of the Company without the

restructuring charges included in certain key financial ratios. These Non-

GAAP measurements are not a substitute for operating results determined in

accordance with GAAP nor do they necessarily conform to Non-GAAP

performance measures that may be presented by other companies. These Non-

GAAP measures should not be compared to Non-GAAP performance measures of

other companies.

For the Three For the Year

Months Ended Ended

December 31, December 31,

2006 2005 2006 2005

Net income $10,636 $10,549 $39,035 $42,757

Add: restructuring & merger-related

expenses, net of tax (1) - - 324 918

Add: other-than-temporary impairment

losses, net of tax (1) - - 4,829 -

Subtract: gain on branch sale, net of

tax (1) - - (1,571) -

Core operating earnings $10,636 $10,549 $42,617 $43,675

Net income per common share (3) $0.49 $0.48 $1.79 $1.90

Effects of restructuring & merger-

related expenses, net of tax (1) - - 0.01 0.05

Effects of other-than-temporary

impairment losses, net of tax (1) - - 0.22 -

Effects of gain on branch sale, net of

tax (1) - - (0.07) -

Core operating earnings per common

share (3) $0.49 $0.48 $1.95 $1.95

Selected ratios

Return on average assets 1.03% 0.95% 0.94% 0.95%

Effects of restructuring & merger-

related expenses, net of tax (1) 0.00% 0.00% 0.01% 0.02%

Effects of other-than-temporary

impairment losses, net of tax (1) 0.00% 0.00% 0.12% 0.00%

Effects of gain on branch sale, net of

tax (1) 0.00% 0.00% (0.04%) 0.00%

Core operating return on average assets 1.03% 0.95% 1.02% 0.97%

Return on average equity 10.06% 10.09% 9.35% 10.13%

Effects of restructuring & merger-

related expenses, net of tax (1) 0.00% 0.00% 0.08% 0.22%

Effects of other-than-temporary

impairment losses, net of tax (1) 0.00% 0.00% 1.16% 0.00%

Effects of gain on branch sale, net of

tax (1) 0.00% 0.00% (0.38%) 0.00%

Core operating return on average equity 10.06% 10.09% 10.21% 10.35%

Efficiency ratio (2) 61.20% 59.71% 61.78% 60.09%

Effects of restructuring & merger-

related expenses, net of tax (1) 0.00% 0.00% (0.32%) (0.85%)

Effects of other-than-temporary

impairment losses 0.00% 0.00% (2.86%) 0.00%

Effects of gain on branch sale 0.00% 0.00% 1.00% 0.00%

Core operating efficiency ratio 61.20% 59.71% 59.60% 59.24%

(1) The related income tax expense is calculated using a combined Federal

and State income tax rate of 40%.

(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.

(3) The dilutive effect from stock options was immaterial and accordingly,

basic and diluted earnings per share are the same.

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