S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Shareholder Meeting (May 2018)
21 slides from S&t Bancorp's shareholder meeting presentation, May 21, 2018
Slide 1: 2018 Annual Meeting
2018 Annual Meeting MEMBER FDIC
Slide 2: Charles G. Urtin, Chairman of the Board
Charles G. Urtin Chairman of the Board MEMBER FDIC
Slide 3: Todd D. Brice, President and Chief Executive Officer
Todd D. Brice President and Chief Executive Officer MEMBER FDIC
Slide 4: Forward Looking Statement and Risk Factors
Forward Looking Statement and Risk Factors This presentation 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, results
Slide 5: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP), S&T management uses and this presentation contains or references certain non- GAAP financial measures, such as net interest income on a fully taxable equ
Slide 6: Corporate Profile
Corporate Profile Corporate Profile • Headquartered in Indiana, PA • $7.0 billion in assets (as of 03.31.18) • $1.4 billion market cap (as of 03.31.18) • Locations in 5 regional markets • Stock symbol: STBA 6
Slide 7: STBA Investment Thesis
STBA Investment Thesis STBA Investment Thesis • Above peer performance • Demonstrated expense discipline and efficiency • Organic growth • Strategic and effective mergers and expansion • Stable regional markets with long-term oil and gas benefit • Sound asset quality 7
Slide 8: STBA Investment Thesis: The Right Size
STBA Investment Thesis The Right Size • Big enough to: • Provide full complement of products and services • Access technology • Access capital markets • Attract talent • Expand – mergers and acquisitions/de novo • Small enough to: • Stay close to our customers • Understand our markets • Be responsiv
Slide 9: 2017 Highlights
2017 Highlights Sai Bancorp. Asset Size’ ‘Stock Price A, Bancorp. $7 Ss $39.81 asof12.51.17 “This year we celebrated 115 years in business. A dynamic journey has shaped our bank with a rich history and unique culture.” Established in 1902 and experiencing growth throughout Pennsylvania, Ohio, and Ne
Slide 10: 2017 Highlights
2017 Highlights Sai Bancorp. Sai Bancorp. Performance’ AVERAGE EQUITY TANGIBLE EQUITY IN 2017
Slide 11: Valuation: Stock Performance
Valuation Stock Performance Total Annualized Shareholder Return Includes reinvested dividends (Data as of 03.31.18) 1 YR 3 YR 5 YR 10 YR STBA 18.09% 14.90% 19.63% 5.25% S&P 600 Bank 9.15% 17.03% 16.70% 6.18% NASDAQ Bank 10.74% 17.13% 16.57% 7.10% S&P 500 14.06% 10.77% 13.28% 9.48% Source: Bloomberg
Slide 12: Markets: Loan Growth by Market
Markets Loan Growth by Market 2012 2018 Western NY Western NY Northeast OH Northeast OH Central PA Southwestern PA Central PA Southwestern PA Central OH Central OH 12
Slide 13: Mark Kochvar, Chief Financial Officer
Mark Kochvar Chief Financial Officer MEMBER FDIC
Slide 14: Performance Summary
Performance Performance Summary 1Q18 2017 Excludes 2016 2015 DTA(2) Net Income (in $ thousands) $26,163 $72,968 $86,401 $71,392 $67,081 Diluted Earnings per Share $0.75 $2.09 $2.47 $2.05 $1.98 Dividends Declared per Share $0.22 $0.82 $0.77 $0.73 Stock Price $39.94 $39.81 $39.04 $30.82 Return on Aver
Slide 15: Performance: Return on Average Assets
Performance Return on Average Assets 1.8% 1.6% 1.51% 1.4% 1.22% 1.22%(2) 1.2% 1.13% 1.08% Peer(1) 1.0% 1.03% 0.8% 0.6% 0.4% 0.2% 0.0% 2014 2015 2016 2017 1Q18* *Annualized (1) BHCPR Peer Group 2: Bank Holding Companies with $3-10 Billion of Assets 15 (2)This is a non-GAAP number that adjusts for the
Slide 16: Performance: Return on Average Equity
Performance Return on Average Equity 15.0% 12.5% 11.92% (2) 9.71% 9.90% 10.0% Peer(1) 8.94% 8.67% 8.37% 7.5% 5.0% 2.5% 0.0% 2014 2015 2016 2017 1Q18* *Annualized (1) BHCPR Peer Group 2: Bank Holding Companies with $3-10 Billion of Assets 16 (2)This is a non-GAAP number that adjusts for the effects o
Slide 17: Performance: Return on Average Tangible Equity
Performance Return on Average Tangible Equity (2) 25.0% 20.0% 17.83% 15.08%(3) 15.0% 14.39% 14.02% 13.71% (1) Peer 12.77% 10.0% 5.0% 0.0% 2014 2015 2016 2017 1Q18* *Annualized (1) SNL Financial Custom Peer Group Holding Companies with $3-10 Billion of Assets (2) )Refer to appendix for reconciliation
Slide 18: Performance: Efficiency Ratio
Performance Efficiency Ratio(2) 70% Peer(1) 60% 58.67% 55.86% 54.06% 51.77% 50.35% 50% 40% 2014 2015 2016 2017 1Q18 (1) BHCPR Peer Group 2: Bank Holding Companies with $3-10 Billion of Assets 18 (2)Refer to appendix for reconciliation of Non-GAAP financial measures
Slide 19: Appendix – Non-GAAP Measures
Appendix APPENDIX – Non-GAAP Measures 1Q18 2017 2016 2015 2014 Return on average tangible shareholders' equity (non-GAAP) Net Income $106,105 $72,968 $71,392 $67,081 $57,910 Plus: amortization of intangibles 1,037 1,233 1,615 1,818 1,129 Tax effect of amortization of intangibles (218) (432) (565) (6
Slide 20: Appendix – Non-GAAP Measures
Appendix APPENDIX – Non-GAAP Measures 2017 2017 Return on Average Equity Return on Tangible Shareholders' Equity Net Income $72,968 Net Income $72,968 Plus: DTA re-measurement 13,433 Plus: DTA re-measurement 13,433 Adjusted net income (non-GAAP) 86,401 Adjusted net income (non-GAAP) 86,401 Average a
Slide 21: 2018 Annual Meeting
2018 Annual Meeting MEMBER FDIC