S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q4 2025 Earnings Presentation
38 slides from S&t Bancorp's earnings presentation, Feb 11, 2026
Slide 1: Full Year and Fourth Quarter 2025
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Full Year and Fourth Quarter 2025
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: Corporate Profile
3 • Founded in Indiana, PA in 1902 • $9.9 billion in assets • $8.0 billion in deposits • $8.1 billion in loans • $1.5 billion market cap • Stock symbol: STBA Corporate Profile
Slide 4: Geographic Footprint
Geographic Footprint 4 Serving 132,000 households in Pennsylvania and Ohio Footprint comprises 9.6 million people and 222,000 businesses 1,200 team members providing exceptional customer satisfaction at more than 70 locations Akron Columbus Philadelphia Harrisburg Pittsburgh Indiana
Slide 5: Strategic Path
5 Strategic Path VALUES PURPOSE DRIVERS Our Shared Future represents a journey focused on building a foundation that enables profitable and sustainable growth.
Slide 6: Performance Drivers and Targets
Performance Drivers and Targets 6 Enterprise Risk Management Talent & Engagement Deposit Franchise Loans/Deposits below median Cost of Deposits below median Core Profitability PPNR/Avg Assets top quartile NIM above median Asset Quality NCO/Loans below median NPA/Loans & OREO below median Valuation P
Slide 7: Strategic Priorities
Strategic Priorities Execute customer growth strategies to improve operating leverage Organic Growth Maintain strong asset quality through disciplined credit risk management practices Asset Quality Strategically manage capital through organic growth, selective M&A and share repurchases Capital Manag
Slide 8: Strategy: Organic Growth
Strategy Deposits * Households Loans * 8 Organic Growth 132,000 126,000 (95% of total) $8.1B $7.7B $2.1B (26% of total) $5.5B (72% of total) $1.3B (15% of total) $0.8B (10% of total) 5,000 (4% of total) 1,000 (1% of total) $1.4B (18% of total) $4.7B (59% of total) • Consistent growth through further
Slide 9: Homer City Redevelopment Project
9 • Homer City Generating Station will be transformed to the new Homer City Energy Campus that will include natural gas- powered data centers to support AI and high-performance computing. • Capital investment of more than $10 billion for power generation, with data center development injecting billi
Slide 10: Capital Management
10 Capital Management Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures • Strong capital position provides flexibility to support organic growth, to pursue selective acquisitions and repurchase shares • Announced $100 million share r
Slide 11: Mergers & Acquisitions
11 M&A Target Priorities • Existing or contiguous market expansion with institutions $1 - $6 billion in assets • Enhancement of deposit franchise • Access to growing markets • Alignment of cultures S&T Preparedness • Record levels of capital • Strong performer with solid return metrics • Infrastruct
Slide 12: Asset Quality
12 Asset Quality 0.23% 2.92% (1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. *3Q25 Peer Data 1.32% 14.41% Maintain strong asset quality through disciplined credit risk management practices Asset Quality Highlights • Asset quality improvement reflects
Slide 13: Full Year Overview
13 Full Year Overview RETURN METRICS EARNINGS Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures EPS $3.49 Net Income $134.2 million ROA 1.38% ROE 9.29% ROTE* 12.62% PPNR* 1.82% HIGHLIGHTS • Solid return metrics • Strong NIM (FTE)* of
Slide 14: Fourth Quarter Overview
14 Fourth Quarter Overview RETURN METRICS EARNINGS Net Income $34.0 million EPS $0.89 ROA 1.37% ROE 9.13% ROTE* 12.30% PPNR* 1.95% ACL 1.15% NCO(1) 0.54% ASSET QUALITY NPA 0.69% NIM (FTE)* 3.99% Efficiency Ratio (FTE)* 53.99% BALANCE SHEET Loan growth $91.0 million 4.52% (annualized) Deposit growth
Slide 15: Performance
PPNR / AVERAGE ASSETS * 2021 2022 2023 2024 2025 0.0% 0.6% 1.2% 1.8% 2.4% RETURN ON AVERAGE TANGIBLE EQUITY * 2021 2022 2023 2024 2025 0.0% 5.0% 10.0% 15.0% 20.0% RETURN ON AVERAGE ASSETS 2021 2022 2023 2024 2025 0.0% 0.4% 0.8% 1.2% 1.6% RETURN ON AVERAGE EQUITY 2021 2022 2023 2024 2025 0.0% 2.5% 5.
Slide 16: Balance Sheet
16 Balance Sheet • Loan growth of $91.0 million (4.52% annualized) primarily in commercial • Total deposit growth of $36.9 million (1.85% annualized) with $56.9 million (2.92% annualized) of customer deposit growth • DDA remains strong at 27% of total deposits Dollars in millions 4Q25 3Q25 Var $ 163
Slide 17: Loan Mix
Loan Mix Our loan portfolio is well-diversified: Dollars in millions 17 Amount % of Total CRE $3,627 45% Consumer $2,546 31% C&I 1,519 19% Construction 380 5% Total $8,072 100%
Slide 18: Deposit Mix
Deposit Mix We have a strong, well-diversified deposit base of more than 130,000 households: Dollars in millions 18 Amount % of Total MM $2,197 28% DDA 2,161 27% CDs 1,949 24% Savings 862 11% Int Bear DDA 790 10% Total $7,959 100% Amount % of Total Average Account Size (in $000) Average Age (in year
Slide 19: Funding Capacity
19 FUNDING SOURCES Funding Capacity • Strong liquidity position with well-diversified deposit base • Significant funding availability through FHLB and Federal Reserve • Insured and collateralized municipal deposits comprise 70% of total deposits • Funding availability meets liquidity needs in both n
Slide 20: Asset Quality
20 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL decreased 8 basis point to 1.15% compared to 1.23% at September 30, 2025 • ACL decline due to lower criticized and classified loans and a $1.1 million decline in specific reserves • Net loan charge-offs of $11.0 million, or 0
Slide 21: Net Interest Income
21 Net Interest Income $83.3 $83.3 $86.6 $89.2 $91.0 3.77% 3.81% 3.88% 3.93% 3.99% 3.26% 3.38% 3.55% 3.68% 3.72% NII NIM (FTE)* Peer 4Q24 1Q25 2Q25 3Q25 4Q25 Total Cost of Funds (0.11)% (0.12)% (0.03)% (0.11)% 2.20% 2.08% 2.08% 2.05% 1.94% Changes in Cost of Funds Cost of Funds 4Q24 1Q25 2Q25 3Q25 4
Slide 22: Noninterest Income
22 Noninterest Income Dollars in millions 4Q25 4Q25 vs 3Q25 4Q25 vs 4Q24 Debit and Credit Card $4.8 $0.1 $0.1 Service Charges 4.2 — — Wealth Management 3.2 0.1 0.1 Loss on Sale of Securities — — 2.6 Other 2.1 0.3 0.4 Noninterest Income $14.3 $0.5 $3.2 • Noninterest income consistent with 3Q $13.7 $1
Slide 23: Noninterest Expense
23 4Q25 4Q25 vs 3Q25 4Q25 vs 4Q24 Salaries & Benefits $32.7 $0.5 $1.9 Data Processing 5.1 0.2 (0.2) Occupancy 3.9 (0.2) 0.1 FF&E 3.5 0.2 0.2 Other Taxes 1.9 (0.2) (0.3) Marketing 1.5 0.3 (0.1) Professional Services 1.2 — 0.1 FDIC 1.1 — — Other 6.3 (0.1) 0.1 Noninterest Expense $57.2 $0.8 $1.8 Nonint
Slide 24: Securities
24 Securities • Securities portfolio is only 10% of total assets • 100% of securities portfolio is classified as available for sale • Average duration of 3.6 years • AOCI of $34.9 million related to securities portfolio SECURITIES MIX $987.7 Dollars in millions
Slide 25: Income Statement
Income Statement 2025 2024 2023 2022 2021 (Dollars in thousands, except per share data) Net Interest Income $350,096 $334,806 $349,410 $315,783 $276,112 Noninterest Income 52,023 49,083 57,620 58,259 64,696 Total Revenue 402,119 383,889 407,030 374,042 340,808 Noninterest Expense 226,757 218,938 210
Slide 26: Financial Data: Balance Sheet
Financial Data 26 Balance Sheet 2025 2024 2023 2022 2021 (Dollars in thousands) Cash and Interest-bearing Deposits $163,436 $244,820 $233,612 $210,009 $922,215 Total Securities 987,659 987,591 970,391 1,002,778 910,793 Total Net Loans 7,979,789 7,641,464 7,545,528 7,082,645 6,902,936 Other Assets 74
Slide 27: Net Interest Margin
Net Interest Margin 2025 2024 2023 2022 2021 Securities - FTE(1) 3.74% 3.05% 2.61% 2.25% 2.18% Loans - FTE(1) 6.02% 6.24% 6.04% 4.50% 3.84% Total Interest-earning Assets - FTE(1) 5.74% 5.87% 5.64% 4.06% 3.37% Interest-bearing Deposits 2.70% 2.92% 1.92% 0.40% 0.20% Borrowings 4.94% 5.41% 5.59% 3.01%
Slide 28: Financial Data: Loan Portfolio
Financial Data 28 Loan Portfolio 2025 2024 2023 2022 2021 (Dollars in thousands) Commercial Real Estate $3,626,784 $3,388,017 $3,357,603 $3,128,187 $3,236,653 Commercial and Industrial 1,519,336 1,540,397 1,642,106 1,718,976 1,728,969 Commercial Construction 380,091 352,886 363,284 399,371 440,962 T
Slide 29: Asset Quality
Asset Quality 2025 2024 2023 2022 2021 (Dollars in thousands) Total Nonaccrual Loans $55,558 $27,937 $22,946 $19,052 $66,291 Nonaccrual Loans/Total Loans 0.69% 0.36% 0.30% 0.27% 0.95% Nonperforming Assets/Total Loans + OREO 0.69% 0.36% 0.30% 0.31% 1.13% Net Charge-offs/Average Loans 0.18% 0.11% 0.18
Slide 30: Capital
Capital 2025 2024 2023 2022 2021 Tier 1 Leverage 12.18% 11.98% 11.21% 11.06% 9.74% Common Equity Tier 1 – Risk-Based Capital 14.32% 14.58% 13.37% 12.81% 12.03% Tier 1 – Risk-Based Capital 14.62% 14.90% 13.69% 13.21% 12.43% Total – Risk-Based Capital 16.19% 16.49% 15.27% 14.73% 13.79% Tangible Common
Slide 31: Appendix Peer Group
Appendix Peer Group 31 Company Ticker 1st Source Corporation SRCE Camden National Corp. CAC City Holding Company CHCO CNB Financial Corp. CCNE Community Bank System, Inc. CBU First Commonwealth Financial Corporation FCF First Financial Bancorp. FFBC First Merchants Corporation FRME German American B
Slide 32: Net Interest Margin (FTE) Reconciliation
2025 (Dollars in thousands) Net Interest Margin (FTE) (non-GAAP) Interest income and dividend income $516,490 Less: interest expense (166,394) Net interest income per consolidated statements of net income 350,096 Plus: taxable equivalent adjustment 2,415 Net interest income (FTE) (non-GAAP) $352,511
Slide 33: 4Q25 ROTE and PPNR Reconciliation
4Q25 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $134,760 Plus: amortization of intangibles (annualized), net of tax 624 Net income before amortization of intangibles (annualized) $135,384 Average total shareholders' equity $1,475,
Slide 34: TCE/Tangible Assets Reconciliation
4Q25 3Q25 2Q25 1Q25 4Q24 (Dollars in thousands) Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,463,877 $1,475,466 $1,445,493 $1,418,034 $1,380,294 Less: goodwill and other intangible assets, net of deferred tax liability (375,202) (375,359) (375,522) (375,646)
Slide 35: ROTE Reconciliation
2025 2024 2023 2022 2021 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income(1) $134,230 $131,265 $144,781 $135,520 $110,343 Plus: amortization of intangibles, net of tax 674 904 1,042 1,199 1,400 Net income before amortization of intangibles $134,904
Slide 36: PPNR/Average Assets Reconciliation
2025 2024 2023 2022 2021 (Dollars in thousands) PPNR/Average Assets (Non-GAAP) Income before taxes $167,940 $164,818 $178,804 $168,930 $135,668 Less: net losses (gains) on sale of securities 2,295 7,938 — (198) (29) Less: gain on Visa Class B-1 exchange — (3,492) — — — Plus: provision for credit los
Slide 37: NIM Reconciliation Detail
2025 2024 2023 2022 2021 (Dollars in thousands) Interest and Dividend Income Interest-bearing deposits with banks $5,311 $8,855 $7,344 $2,952 $973 Securities 37,358 29,665 25,207 22,449 17,432 Loans 472,673 476,083 442,675 314,774 270,460 Other earning assets 1,148 1,269 2,675 576 397 Total Interest
Slide 38: Full Year and Fourth Quarter 2025
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Full Year and Fourth Quarter 2025