S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2010 Earnings Presentation
25 slides from S&t Bancorp's earnings presentation, Oct 29, 2010
Slide 1: Third Quarter 2010
Third Quarter 2010 Exhibit 99.1
Slide 2: Presenters: Todd Brice and Mark Kochvar
Todd Brice President and Chief Executive Officer Mark Kochvar Sr. EVP and Chief Financial Officer
Slide 3: S&T Bancorp Corporate Profile
S&T Bancorp Corporate Profile
Slide 4: Select PA Bank Holding Companies
Select PA Bank Holding Companies 6.35 0.86 4.1 S&T Bancorp 0.12 0.01 6.1 FCF 6.48 0.77 8.8 FNB (0.68) (0.08) 9.2 National Penn 0.19 0.03 13.9 Susquehanna 4.81% 0.59% $16.6 Fulton ROE * ROA * Assets Data Source: SNL YTD June 30, / * Annualized using net income available to common shareholders Dollars
Slide 5: Stock Performance
Stock Performance 18.71 5.55 8.80 6.46 8.45 $ 9.34 Price 1.83 1.13 S&T Bancorp FCF FNB National Penn Susquehanna 140% 99% Fulton P/TBV P/BV Data Source: Highline Financial 10/22/10
Slide 6: Marcellus Shale Distribution
Marcellus Shale Distribution
Slide 7: Quarterly Summary
Quarterly Summary 5.60% 0.76% $0.28 $7.9 Second Quarter 7.61% 1.06% $0.39 $10.9 Third Quarter Third Quarter Net Income $7.7 Diluted Common Earnings per Share $0.28 Common Return on Average Assets * 0.73% Common Return on Average Equity * 5.67% Dollars in millions * Annualized
Slide 8: Income Statement
Income Statement Dollars in millions $0.39 $10.9 (1.6) (4.7) 17.2 (8.3) - (24.9) 50.4 12.3 $38.1 Third Quarter Second Quarter Third Quarter Net Interest Income – FTE $37.8 $38.1 Noninterest Income 11.4 10.3 Total Revenue 49.2 48.4 Noninterest Expense (25.7) (24.8) Security Gains (Losses) 0.1 (2.1) P
Slide 9: Net Interest Margin
Net Interest Margin 4.09 1.21 2.90 1.08 4.99 5.10 3.82% Third Quarter Second Quarter Third Quarter Securities - FTE 3.89% 4.11% Loans - FTE 5.12 5.25 Total Earning Assets 5.01 5.13 Deposits 1.15 1.37 Borrowings 2.79 2.71 Total Costing Liabilities 1.28 1.54 Net Interest Margin - FTE 4.05 3.94
Slide 10: Noninterest Income
Noninterest Income Dollars in millions $12.3 0.1 1.6 0.6 2.1 1.9 $ 6.0 Third Quarter Second Quarter Third Quarter Community Banking $ 6.6 $ 5.7 Wealth Management 1.9 1.9 Insurance 2.0 2.0 Letters of Credit / Loan 0.8 0.8 Mortgage Banking 0.2 - Other (0.1) (0.1) Total $11.4 $10.3
Slide 11: Balance Sheet
Balance Sheet Dollars in millions $4,098 $3,305 $4,098 3,315 $301 Sept. 30, June 30, Sept. 30, Securities $340 $390 Loans, Net 3,343 3,385 Other Total Assets $4,139 $4,208 Deposits $3,297 $3,280 Borrowings Other Equity Total Liabilities & Equity $4,139 $4,208
Slide 12: Loan Portfolio
Loan Portfolio Dollars in millions $3,371 $2,471 $1,437 $900 $451 Sept. 30, June 30, Sept. 30, Consumer Home Equity $451 $459 Residential Mortgage Consumer Installment Construction Total Consumer $902 $920 Commercial Commercial Real Estate $1,424 $1,425 Commercial & Industrial Construction Total Com
Slide 13: Asset Quality
Asset Quality * YTD September 30, 2010 Annualized 1.67 0.99 2.45 2.23% Sept. 30, 1.25 1.23 1.20 1.75 Loan Loss Reserve / Total Loans December 31, 0.31 1.21 1.19% 1.60 2.80 2.67% Nonperforming Loans / Total Loans 0.60% 0.74% Nonperforming Assets / Total Loans Plus OREO 0.62 0.76 Net Charge-offs / Ave
Slide 14: Nonperforming Loans
Nonperforming Loans 2.75 $ 67.9 Total Commercial 2.48 7.6 Construction 1.16 8.5 Commercial & Industrial 3.60 $ 51.8 Commercial Real Estate Commercial 0.83 $ 7.4 Total Consumer 7.63 0.5 Construction - 0.12 0.1 Consumer Installment 1.41 5.1 Residential Mortgage 0.38 $ 1.7 Home Equity % of Total NPL Co
Slide 15: Construction & CRE by Type
Construction & CRE by Type (4) RE Develop – Residential (14) Offices $1,743 $ 299 ($ 35) $1,778 Total (11) Miscellaneous (4) Healthcare/Education Flex/Mixed Use (1) RE Develop – CL Manuf/Industrial/Warehouse Hotels (44) Residential Rental Properties ($13) $ 312 Retail/Strip Malls Change Type Dollars
Slide 16: Construction & CRE – NPL by Type
Construction & CRE – NPL by Type 5.35 5.0 RE Develop – Residential 1.33 3.0 Offices 1.29 $ 3.9 Retail/Strip Malls 3.41 $59.4 Total 5.64 15.4 Miscellaneous 4.31 4.0 Healthcare/Education 2.84 3.1 Flex/Mixed Use 8.90 9.1 RE Develop – CL 0.43 0.6 Manuf/Industrial/Warehouse 1.31 2.6 Hotels 5.79 12.7 Resi
Slide 17: Construction & CRE by Location
Construction & CRE by Location Southwest Region West Virginia - Western Region - Mid-Atlantic Region $1,743 $1,383 ($35) $1,778 Total - New England - Midwest Region Southeast Region Tennessee (4) Ohio New York ($67) $1,450 Pennsylvania Change Location Dollars in millions Sept. 30, % of Total Sept. 3
Slide 18: Construction & CRE – NPL by Location
Construction & CRE – NPL by Location 4.60 1.4 Southwest Region - - - West Virginia 3.31 $45.7 Pennsylvania 71.87 8.0 New England 3.41 $59.4 Total - - - Mid-Atlantic Region - - - Western Region - - - Midwest Region 4.48 2.5 Southeast Region - - - Tennessee - - - Ohio 1.77 1.8 New York % of Total NPL
Slide 19: Securities
Securities $301 $100 Third Quarter Equities Second Quarter Third Quarter Agencies $124 $123 Agency CMO Agency MBS Municipals FHLB Stock Total $340 $390 All securities are classified as available-for sale Dollars in millions
Slide 20: Deposits
Deposits Dollars in millions Certificates of Deposit < $100K Savings Third Quarter Second Quarter Third Quarter Noninterest-bearing Demand $ 744 $ 733 $ 674 Interest-bearing Demand Money Market Certificates Of Deposit > $100K Total $3,305 $3,297 $3,280
Slide 21: Borrowings
Borrowings Dollars in millions Subordinated Debt Third Quarter Second Quarter Third Quarter Repos and FFP $ 48 $ 44 $ 61 Short-term Borrowings - Long-term Borrowings Trust Preferred Total $169 $227 $331
Slide 22: Capital
Capital Sept. 30 June 30 Sept. 30 Well- Capitalized Leverage * 10.92% 10.64% 9.92% 5.00% Tier 1 – Risk-Based Capital * 12.97 12.52 11.57 6.00 Total – Risk-Based Capital * 16.35 15.87 14.86 10.00 Tangible Common Equity / Tangible Assets 7.53 7.23 6.48 NA * Includes CPP of $108.7 million
Slide 23: The S&T Road Map: Collaborating Around The Customer
age’ > Sf Bancorp, Inc THE S&T ROAD MAP: Collaborating Around The Customer Customer value proposition
Slide 24: S&T Strategy Map
One Customer at a Time Culture of Collaboration Integration Based on Customer Needs Market Composition Develop & Align Infrastructure Shareholder Value S&T Strategy Map High Performance
Slide 25: Slide 25