S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q1 2021 Earnings Presentation
12 slides from S&t Bancorp's earnings presentation, Apr 22, 2021
Slide 1: First Quarter 2021 Earnings Supplement
First Quarter 2021 Earnings Supplement MEMBER FDIC
Slide 2: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors This information contains or incorporates statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, result
Slide 3: First Quarter 2021 Highlights
First Quarter 2021 Highlights EPS: $ 0.81 • Record quarterly net income • Strong return metrics Net Income: • PTPP* 1.89%, $42.3 million $31.9 million • Core NIM remains stable • Mortgage banking Returns: • Improving asset quality ROA ROE ROTE* 1.42% 11.15% 16.78% • Dividend of $0.28 declared Asset
Slide 4: Key Metrics
First Quarter 2021 Key Metrics 2021 2020 2020 First Fourth First Quarter Quarter Quarter Reported Metrics: Net income $31.9 million $24.2 million $13.2 million Diluted earnings per share $0.81 $0.62 $0.34 Dividends declared per share $0.28 $0.28 $0.28 Book value $29.75 $29.38 $30.06 Tangible book va
Slide 5: SBA PPP
First Quarter 2021 SBA PPP 44% of our round 1 PPP loans have been forgiven and we booked $190 million in round 2: Date Round 1 Balance % Forgiven September 30, 2020 $550 December 31, 2020 465 15% March 31, 2021 309 44% PPP loans impacted selected ratios as below: Excluding Including Impact Ratio PPP
Slide 6: Loan Modifications
First Quarter 2021 Loan Modifications Modifications have been reduced to <1% of loans. June 30, 2020 December 31, 2020 March 31, 2021 Loan Type Total Mod Mod Total Mod Mod Total Mod Mod Balance Balance % Balance Balance % Balance Balance % CRE (excluding hotels) $3,113 $770 30% $2,997 $9 0% $3,042 $
Slide 7: Net Interest Income
First Quarter 2021 Net Interest Income Core NIM remains stable: • Our ex-PPP NIM improved 2 bps from 4Q20 to 1Q21 • PPP loans contributed $5.8 million to our NII and 0.10% to our NIM in 1Q21 • We have improved our funding mix by reducing our higher-costing deposits We are proactively managing our in
Slide 8: Capital
First Quarter 2021 Capital We have strong capital levels and are well-positioned for growth: PPP loans impacted selected ratios as below: Excluding Including Impact Ratio PPP PPP Leverage Ratio 10.24% 9.71% (0.53)% TCE / TA* 9.33% 8.81% (0.52)% Data as of March 31, 2021 $ in millions *Refer to appen
Slide 9: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Fourth Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2021 2020 2020 First Fourth First Quarter Quarter Quarter Tangible Book Value (non-GAAP) Total shareholders' equity $1,168,278 $1,154,711 $1,176,251 Less: goodwill and other intangible assets, net of
Slide 10: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
First Quarter 2021 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2021 2020 2020 First Fourth First Quarter Quarter Quarter Efficiency Ratio (non-GAAP) Noninterest expense $45,580 $48,528 $46,391 Less: merger related expenses — — (2,342) Noninterest expense excluding
Slide 11: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
First Quarter 2021 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2021 2020 2020 First Fourth First Quarter Quarter Quarter Net Interest Margin Rate (FTE) (non-GAAP) Interest income $74,781 $75,548 $87,589 Less: interest expense (4,123) (5,619) (17,553) Net interest
Slide 12: First Quarter 2021 Earnings Supplement
First Quarter 2021 Earnings Supplement MEMBER FDIC