S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q2 2015 Earnings Presentation
27 slides from S&t Bancorp's earnings presentation, Jul 27, 2015
Slide 1: Second Quarter
Exhibit 99.2 Second Quarter
Slide 2: Rochester
Rochester © Headquartered in Indiana, PA © $6.1 billion in assets (as of 06.30.15) © $1.03 billion market caps(as of 06.30.15) © Bank holding company with 63 offices and 5 insurance locations Stock symbol: STBA Columbus
Slide 3: Performance Summary
Performance Summary *Refer to appendix for reconciliation of Non-GAAP financial measures
Slide 4: Performance: Return on Average Assets
Performance 0.79% 1.12% 1.22% 0.99% 1.21% Peer* 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1Q 15** 2Q 15** **Annualized Return on Average Assets * Bank Holding Companies $3 - 10 Billion of Assets
Slide 5: Performance: Return on Average Equity
Performance 9.21% 9.71% 7.85% 9.52% Peer* 0.0% 2.5% 5.0% 7.5% 10.0% 12.5% 1Q 15** 2Q 15** Return on Average Equity *Bank Holding Companies $3-10 Billion of Assets **Annualized 6.62%
Slide 6: Performance: Return on Average Tangible Equity
Performance 10.35% 13.94% 14.02% 11.80% 15.79% Peer* 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 1Q 15** 2Q 15** Return on Average Tangible Equity Refer to appendix for reconciliation of Non-GAAP financial measures * SNL Financial Custom Peer Group Holding Companies $3-10 Billion of Assets ** A
Slide 7: Mergers and expansion
4,159 5,105 242 866 126 Mergers and expansion 4,120 4,533 4,965 6,134 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 1Q 15 2Q 15 Gateway Bank Mainline Bank Integrity Bank 4,527 5,971 Mainline National Bank acquired - March 9, Northeast Ohio Loan Production Office opened – August 27, Gateway Bank ac
Slide 8: Expenses: Non Interest Expense / Average Assets
Expenses 2.83% 2.61% 2.46% 2.59% 2.35% Peer* 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 1Q 15** 2Q 15** Non Interest Expense / Average Assets **Annualized *Bank Holding Companies $3-10 Billion of Assets
Slide 9: Expenses: Efficiency Ratio
Expenses 65.15% 60.03% 58.67% 62.57% 55.63% Peer* 40% 45% 50% 55% 60% 65% 70% 1Q 15 2Q 15 Efficiency Ratio *Bank Holding Companies $3-10 Billion of Assets
Slide 10: Market Opportunity
MSA 2015 Population (in thousands) 2015-2020 % Change Median HH Income (in thousands) Locations Deposits (in millions) Deposit Market Share % Loans (in millions) Growth Market Opportunity Pittsburgh, PA 2,361 0.41% $1,735 1.8% $1,860 Indiana, PA (1.27)% $1,212 49.5% $405 Jefferson-Clarion, PA (1.05)
Slide 11: Asset quality: Non Performing Loans / Total Loans
Asset quality 0.63% 0.32% 0.39% 0.40% Peer* 0.0% 0.5% 1.0% 1.5% 2.0% 1Q 15 2Q 15 *Bank Holding Companies $3-10 Billion of Assets Non Performing Loans / Total Loans 1.63%
Slide 12: Asset quality: Net Charge Offs / Average Loans
Asset quality 0.78% 0.25% 0.00% 0.10% 0.11% Peer* 0.0% 0.2% 0.4% 0.6% 0.8% 1Q 15** 2Q 15** Net Charge Offs / Average Loans *Bank Holding Companies $3-10 Billion of Assets **Annualized
Slide 13: Regional economy
Regional economy Stable regional economies with long-term oil & gas benefit
Slide 14: Loan Mix
Commercial 3,639 76% Consumer 1,159 24% Loan Mix As of 6.30.15 CRE 2,055 56% C&I 1,239 34% Construction 10% Home Equity 40% Mortgage/Construction 52% Other 8%
Slide 15: Rate Sensitivity: Loans & Securities, Deposits & Borrowings
Loans & Securities Deposits & Borrowings Rate Sensitivity As of 6.30.15 Floating Rate 2,087 37% ARM/Future Reset 1,464 26% Fixed Rate 2,035 36% Total 5,586 100% Floating Rate/Short Wholesale Liabilities 15% Non-Maturity Variable Deposits 1,464 26% Non-Interest Bearing DDA 1,182 22% Fixed Rate 1,146
Slide 16: Senior Management
Name Title Years in Banking Years with S&T Senior Management Todd D. Brice President & CEO Mark Kochvar Chief Financial Officer David G. Antolik Chief Lending Officer Ernest J. Draganza Chief Risk Officer Patrick J. Haberfield Chief Credit Officer David P. Ruddock Chief Operating Officer Thomas J. S
Slide 17: Continuous Improvement
Multi-Faceted Growth Profit Improvement Operational Effectiveness Culture Customer Experience Risk Management Continuous Improvement 3 mergers since 2012 3 new LPOs in 3 years State College branch opened Closed 4 branches Converted 2 branches to drive-ups Insurance restructure Wealth Management rest
Slide 18: Stock Performance
1 YR 3YR 5YR 10YR Stock Performance STBA 22.28% 20.40% 11.65% 1.27% NASDAQ Bank 12.91% 19.83% 13.78% 1.85% KRX-Dow Jones KBW Regional Bank 15.70% 19.34% 15.81% NA S&P 500 7.42% 17.27% 17.31% 7.88% Institutional Ownership 41.66% Insider Ownership 3.88% Employee 401K 1.63% Source: Bloomberg Source: NA
Slide 19: Lines of Business
Lines of Business Commercial Banking • 48 commercial bankers • 19 business bankers • Privately held companies with sales up to $150 million • Regional team based approach to credit delivery • Dedicated small business (B2B) delivery channel Retail Banking • Competitive, relationship driven • Robust s
Slide 20: Income Statement
Income Statement Dollars in thousands, except per share data
Slide 21: Balance Sheet
Balance Sheet Dollars in thousands
Slide 22: Loan Portfolio
Loan Portfolio Dollars in thousands
Slide 23: Asset Quality
Asset Quality Dollars in thousands
Slide 24: Capital
Capital ** Refer to appendix for reconciliation of Non-GAAP financial measures
Slide 25: APPENDIX – Non-GAAP Measures
APPENDIX – Non-GAAP Measures
Slide 26: APPENDIX – Non-GAAP Measures
APPENDIX – Non-GAAP Measures
Slide 27: Second Quarter
Second Quarter