S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Shareholder Meeting (May 2016)
22 slides from S&t Bancorp's shareholder meeting presentation, May 16, 2016
Slide 1: 2016 Annual Meeting
2016 Annual Meeting Exhibit 99.1
Slide 2: Charles G. Urtin, Chairman of the Board
Charles G. Urtin Chairman of the Board
Slide 3: Todd D. Brice, President and Chief Executive Officer
Todd D. Brice President and Chief Executive Officer
Slide 4: Forward Looking Statement and Risk Factor
Forward Looking Statement and Risk Factor This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements regarding trend
Slide 5: Corporate Profile
Corporate Profile © Headquartered in Indiana, PA Rochester © $6.5 billion in assets (as of 03.31.16) © $899 million market cap. (as of 3.31.16) Bank holding company with 64 offices and 5 insurance locations © Stock symbol: STBA Akron * Named Sandler O'Neill Sm-Alll Star in 2013, 2014, and 2015 Colum
Slide 6: 2015 Accomplishments
2015 Accomplishments Net Income increased 16% to a record $67.1 million Total shareholder equity increased 30% to $792 million Dividends increased by 7.4% ROA of 1.13% and ROE of 8.94% Loan growth of $1.2 billion including the merger Total revenue increased 23% while expenses increased 17%
Slide 7: Performance Summary
Performance Summary 1Q 2016 2015 2014 2013 2012 Net Income (in millions) $16.1 $67.1 $57.9 $50.5 $34.2 Earnings Per Share $0.46 $1.98 $1.95 $1.70 $1.18 Dividends Per Share $0.19 $0.73 $0.68 $0.61 $0.60 Stock Price $25.76 $30.82 $29.81 $25.31 $18.07 ROA* 1.01% 1.13% 1.22% 1.12% 0.79% ROE* 8.06% 8.94%
Slide 8: Stock Valuation
Stock Valuation Source: SNL Financial; Peer group includes approximately 103 publically traded banks (1) Stock Price of 5/9/16 compared to 5/20/15, the date of the 2015 Annual Meeting (2) Stock Price of 5/9/16 and 3/31/16 BV and TBV (3) 2Q16 Declared Dividends and 5/9/16 Stock Price (4) 3/31/16 Stoc
Slide 9: Organic Loan Growth
Organic Loan Growth Quarterly change in outstanding balance(1) (1)Gross loans; excludes acquired loans
Slide 10: Core Market
Core Market S&T Bank branch offices — (1) Source: SNL and Nielson Core market demographics:(1) 2016 Population: 3.0 million Expected population change from 2016-2021: 0% Median household income: $53K Our presence in the core market: Founded in 1902 in Indiana, PA S&T currently has 55 branch offices
Slide 11: Southcentral PA
S&T Bank branch offices — Southcentral PA (1) Source: SNL and Nielson Southcentral PA demographics:(1) 2016 Population: 1.5 million Expected population change from 2016-2021: 2.09% Median household income: $60K Our presence in Southcentral PA: Merged with Integrity Bancshares on March 4, 2015 S&T cu
Slide 12: Northeast Ohio
Northeast Ohio Northeast Ohio demographics:(1) 2016 Population: 2.8 million Expected population change from 2016-2021: 0.10% Median household income: $52K Our presence in Northeast Ohio: Opened LPO on August 27, 2012 Converted to branch office on December 21, 2015 S&T currently has 1 branch office i
Slide 13: Central Ohio
Central Ohio Central Ohio demographics:(1) 2016 Population: 2.0 million Expected population change from 2016-2021: 4.27% Median household income: $58K Our presence in Central Ohio : Opened LPO on January 21, 2014 S&T currently has 1 LPO in Columbus Loans: $224 million Employees: 8 Loan Production Of
Slide 14: Western New York
Western New York Loan Production Office — (1) Source: SNL and Nielson Western New York demographics:(1) 2016 Population: 2.2 million Expected population change from 2016-2021: 0.87% Median household income: $54K Our presence in Western New York: Opened LPO on March 23, 2015 S&T currently has 1 LPO i
Slide 15: Mark Kochvar, Chief Financial Officer
Mark Kochvar Chief Financial Officer
Slide 16: Performance: Return on Average Assets
Performance Return on Average Assets 1.4% 1.22% 1.2% 1.12% 1.13% 1.01% 1.0% 0.8% 0.79% 0.6% 0.4% 0.2% 0.0% (2) 2012 2013 2014 2015 1Q 16 (OBHCPR Peer Group 2: Annualized
Slide 17: Performance
Performance (1) BHCPR Peer Group 2: Bank Holding Companies with $3-10 Billion of Assets (2) Annualized (2)
Slide 18: Performance: Return on Average Tangible Equity
Performance 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Return on Average Tangible Equity 14.39% 13.94% 14.02% 13.00% 10.35% 2012 2013 2014 2015 19 16” (SNL. ® Annualized
Slide 19: Expenses: Non Interest Expense / Average Assets
Expenses Non Interest Expense / Average Assets 3.5% 3.0% a 2.61% 2.5% 2.48% 2.42% 2.30% 2.0% 15% 1.0% 0.5% 0.0% 2012 2013 2014 2015 ()BHCPR Peer Group Annualized
Slide 20: Expenses: Efficiency Ratio
Expenses 70% 65.15% 65% 60% 55% 50% 45% 40% 2012 "BHCPR Peer Efficiency Ratio 60.03% 58.67% 57.19% 55.86% 2013 2014 2015 1Q 16
Slide 21: 2016 Update
2016 Update Non interest expenses Historically a top performer Full bank review in progress Expense savings without hampering growth or taking undue risk Asset quality Well diversified portfolio Strong credit culture Net interest margin Competitive loan and deposit rates Deposit growth in a low rate
Slide 22: 2016 Annual Meeting
Sai Bancorpr. 2016 Annual Meeting