S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q4 2012 Earnings Presentation
23 slides from S&t Bancorp's earnings presentation, Feb 11, 2013
Slide 1: S&T Bancorp, Inc. Fourth Quarter 2012
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Slide 2: Presenters: Todd Brice and Mark Kochvar
Seancorp Inc Todd Brice President and Chief Executive Officer Mark Kochvar Sr. EVP and Chief Financial Officer
Slide 3: Headquartered in Indiana, PA
Headquartered in Indiana, PA $4.5 Billion in Assets (as of 12.31.12) Institutional Ownership: 39% Insider Ownership: 3% $537 Million Market Cap. (as of 12.31.12) Stock Price: $18.07 (as of 12.31.12) Bank holding company with 59 branches and 5 insurance locations Stock symbol: STBA-NASDAQ Global Sele
Slide 4: Common Return on Assets vs. peer banks
* 2012 peer banks per 2012 proxy statement Common Return on Assets
Slide 5: Common Return on Equity vs. peer banks
Common Return on Equity * 2012 peer banks per 2012 proxy statement
Slide 6: Summary
Summary Net Income Available to Common Shareholders $34.2 $39.7 $37.3 Diluted Earnings per Common Share $1.18 $1.41 $1.34 Common Return on Average Assets 0.79% 0.97% 0.90% Common Return on Average Equity 6.62% 6.78% 6.58% Dollars in millions
Slide 7: Lines of Business
4 Lines of Business
Slide 8: Quarterly Summary
Quarterly Summary Dollars in millions, except per share data * Annualized Fourth Quarter Third Quarter Fourth Quarter Net Income Available to Common Shareholders $9.5 $12.6 $ 9.3 Diluted Earnings per Common Share $0.32 $ 0.43 $0.33 Common Return on Average Assets 0.86% 1.15% 0.91% Common Return on A
Slide 9: Income Statement
Income Statement Dollars in millions, except per share data * Refer to appendix for reconciliation of Non-GAAP financial measures Fourth Quarter Third Quarter Fourth Quarter Net Interest Income – FTE * $35.4 $34.9 $35.1 Noninterest Income 11.5 12.5 11.6 Total Revenue 46.9 47.4 46.7 Noninterest Expen
Slide 10: Balance Sheet
Balance Sheet Dollars in millions December 31, September 30, December 31, Securities $ 468 $ 432 $ 376 Interest Bearing Balances Loans, Net 3,323 3,236 3,084 Other Total Assets $4,527 $4,422 $4,120 Deposits $3,638 $3,594 $3,336 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,527 $4
Slide 11: Loan Portfolio
Loan Portfolio Dollars in millions December 31, September 30, December 31, Consumer Home Equity $ 431 $ 447 $ 411 Residential Mortgage Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,452 1,439 1,415 Commercial & Industrial Construction Total Commercial
Slide 12: Asset Quality
Asset Quality * QTD annualized December 31, September 31, December 31, Nonperforming Loans / Total Loans 1.63% 2.01% 1.79% Nonperforming Assets / Total Loans Plus OREO 1.66 2.06 1.92 Net Charge-offs / Average Loans* 0.49 0.33 0.64 Loan Loss Reserve / Total Loans 1.38 1.41 1.56 Loan Loss Reserve / No
Slide 13: Nonperforming Loans
Nonperforming Loans 45.8 1.81 43.8 Total Commercial 6.5 4.03 6.8 Construction 7.6 0.81 6.4 Commercial & Industrial 31.7 2.10 30.6 Commercial Real Estate Commercial 10.3 1.20 11.2 Total Consumer 0.2 8.95 0.2 Construction - 0.05 - Installment and Other Consumer 7.2 1.70 7.3 Residential Mortgage $ 2.9
Slide 14: Net Interest Margin
Net Interest Margin Fourth Quarter Third Quarter Fourth Quarter Securities - FTE 2.76% 2.89% 3.36% Interest Bearing Deposits-FTE 0.29 0.28 0.28 Loans - FTE 4.44 4.52 4.83 Total Earning Assets-FTE 3.97 4.00 4.45 Deposits 0.53 0.59 0.83 Borrowings 2.16 1.92 2.43 Total Costing Liabilities 0.64 0.70 0.9
Slide 15: Noninterest Income
Noninterest Income Dollars in millions Fourth Quarter Third Quarter Fourth Quarter Service Charges on Deposit Accounts $ 2.6 $ 2.6 $ 2.6 Debit and Credit Card 2.7 3.0 2.7 Mortgage Banking 0.7 0.8 0.8 Wealth Management 2.4 2.4 2.0 Insurance 1.7 2.4 1.8 Other 1.4 1.3 1.7 Total $11.5 $12.5 $11.6
Slide 16: Securities
Securities Dec.31, Sept. 30, Dec. 31, Agencies $212 $193 $143 Agency CMO Agency MBS Municipals Equities FHLB Stock Total $468 $432 $376 All securities are classified as available-for sale Dollars in millions
Slide 17: Deposits
Deposits Dollars in millions Dec. 31, Sept. 30, Dec. 31, Noninterest-bearing Demand $ 961 $ 928 $ 819 Interest-bearing Demand Money Market Savings Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,638 $3,594 $3,336
Slide 18: Capital Ratios
Capital Ratios Dec. 31, Sept. 30, Dec. 31, Well- Capitalized Leverage 9.31% 9.27% 9.17% 5.00% Tier 1 – Risk-Based Capital 11.98 12.01 11.63 6.00 Total – Risk-Based Capital 15.39 15.45 15.20 10.00 Tangible Common Equity / Tangible Assets * 8.20 8.32 8.09 NA * Refer to appendix for reconciliation of N
Slide 19: Merger Overview
Merger Overview S&T Bancorp, Inc. Mainline Bancorp, Inc. Gateway Bank of PA Total Assets $4,526.7 $236.2 $132.3 Gross Loans 3,369.1 129.5 99.1 Total Deposits 3,638.4 206.0 105.4 Total Equity 537.4 21.1 16.0 Total Branches S&T Bancorp as of 12/31/12; Mainline and Gateway as of merger dates, 3/09/12 a
Slide 20: APPENDIX – Non-GAAP Measures
Fourth Quarter Third Quarter Fourth Quarter Interest Income per Consolidated Statements of Income $38.9 $38.8 $40.2 Adjustment to Fully Taxable-equivalent Basis 1.1 1.1 1.1 Interest Income Adjusted to Fully Taxable-equivalent Basis 40.0 39.9 41.3 Interest Expense per Consolidated Statements of Incom
Slide 21: APPENDIX – Non-GAAP Measures
Fourth Quarter Third Quarter Fourth Quarter Securities 2.34% 2.44% 2.92% Adjustment to Fully Taxable-equivalent Basis 0.42 0.45 0.44 Securities Adjusted to Fully Taxable-equivalent Basis 2.76 2.89 3.36 Interest-bearing Deposits 0.29 0.28 0.28 Adjustment to Fully Taxable-equivalent Basis 0.00 0.00 0.
Slide 22: APPENDIX – Non-GAAP Measures (cont.)
Dec. 31, Sept. 30, Dec. 31, Tangible Common Equity/Tangible Assets Common Equity/Assets (GAAP Basis) 11.87% 12.08% 11.91% Effect of Excluding Intangible Assets -3.67% -3.76% -3.82% Tangible Common Equity/Tangible Assets 8.20% 8.32% 8.09% APPENDIX – Non-GAAP Measures /cont./
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