S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q2 2021 Earnings Presentation
12 slides from S&t Bancorp's earnings presentation, Jul 22, 2021
Slide 1: Second Quarter 2021 Earnings Supplement
Second 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, resul
Slide 3: Overview
Second Quarter 2021 Overview Earnings: EPS Net Income Highlights: $0.72 $28.4 million • Chris McComish named CEO • Good return metrics Returns: ROA ROE • Increased customer activity 1.21% 9.65% • Well-positioned for growth • $0.28 dividend declared ROTE* PTPP* 14.41% 1.61% *Refer to appendix for rec
Slide 4: Balance Sheet
Second Quarter 2021 Balance Sheet 2Q21 vs 1Q21: Highlights: • Cash increased due to: ◦ PPP loan decrease of $163.1 million ◦ $139.2 million of deposit growth related to PPP loans and stimulus payments • Excluding PPP, portfolio loans decreased $12.7 million in 2Q21 Loan Outlook: • Strong loan pipeli
Slide 5: Net Interest Income
Second Quarter 2021 Net Interest Income NIM pressure mainly due to increased cash and lower PPP contribution NIM Change vs Prior Quarter 1Q21: 3.47% Elevated Fed cash (0.18%) PPP impact (0.08%) Loan yields (0.07%) Liability costs 0.05% Other (0.03%) 2Q21: 3.16% Dollars in millions; *Refer to appendi
Slide 6: Noninterest Income
Second Quarter 2021 Noninterest Income Debit card growth; lower levels of mortgage banking 2Q21 2Q21 vs 1Q21 2Q21 vs 2Q20 Debit Card $4.7 $0.6 $1.1 Service Charges 3.6 0.2 0.8 Wealth 3.2 0.2 0.6 Mortgage 1.7 (2.6) (0.9) Other 2.1 (0.2) (1.3) Noninterest Income $15.4 ($1.8) $0.3 Dollars in millions 6
Slide 7: Noninterest Expense
Second Quarter 2021 Noninterest Expense Expenses remain well-controlled 2Q21 2Q21 vs 1Q21 2Q21 vs 2Q20 Salaries & Benefits $24.5 $1.2 $3.1 Data Processing 3.8 (0.4) 0.2 Occupancy 3.4 (0.4) 0.0 FF&E 2.4 (0.2) (0.6) Other Taxes 1.8 0.4 0.2 Professional Services 1.6 0.1 (0.3) Marketing 1.0 (0.3) 0.0 FD
Slide 8: Asset Quality
Second Quarter 2021 Asset Quality 2Q21 vs 1Q21 Highlights: • ACL release of $5.5 million • Nonperforming loans are declining • COVID modifications remain less than 1% of loans • Hotel portfolio is being closely monitored Asset Quality Trends Dollars in millions; *Excludes loss from customer fraud re
Slide 9: Capital
Second Quarter 2021 Capital We have strong capital levels and are well-positioned for growth Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures 9
Slide 10: Appendix: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Second Quarter 2021 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2Q21 Return on Average Tangible Shareholders' Equity (non-GAAP) Net income (annualized) $113,778 Plus: amortization of intangibles (annualized), net of tax 1,395 Net income before amortization of inta
Slide 11: Appendix: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Second Quarter 2021 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2Q21 1Q21 4Q20 3Q20 2Q20 Efficiency Ratio (non-GAAP) Noninterest expense $45,829 $45,580 $48,528 $48,246 $43,478 Net interest income per consolidated statements of net income $68,304 $70,659 $69,929 $
Slide 12: Second Quarter 2021 Earnings Supplement
Second Quarter 2021 Earnings Supplement MEMBER FDIC