S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q4 2021 Earnings Presentation
13 slides from S&t Bancorp's earnings presentation, Jan 27, 2022
Slide 1: Fourth Quarter 2021 Earnings Supplement
Fourth Quarter 2021 Earnings Supplement
Slide 2: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors This information 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, result
Slide 3: Fourth Quarter Overview
3 Fourth Quarter Overview RETURNS EARNINGS *Refer to appendix for reconciliation of non-GAAP financial measures EPS $0.57 Net Income $22.5 million ROA 0.94% ROE 7.39% ROTE* 10.95% PTPP* 1.44% HIGHLIGHTS • Net interest income, excluding PPP, increased $0.8 million • Broad-based loan growth, excluding
Slide 4: Full Year Overview
4 Full Year Overview RETURNS EARNINGS *Refer to appendix for reconciliation of non-GAAP financial measures EPS $2.81 Net Income $110.3 million ROA 1.18% ROE 9.30% ROTE* 13.85% PTPP* 1.62% HIGHLIGHTS • Loans, excluding PPP, increased $150.8 million, or 2.2% • Deposits increased $576.0 million with an
Slide 5: 4Q21 vs 3Q21: Balance Sheet
4Q21 VS 3Q21: Balance Sheet • Loans, excluding PPP, increased $123 million; 7% annualized growth rate for second consecutive quarter • Loan growth in all categories except construction • Deposit mix improved; DDA increased $96.3 million and CDs decreased $113.2 million Dollars in millions 5 4Q21 3Q2
Slide 6: Net Interest Income
• Core net interest income increased $0.8 million • NIM is relatively unchanged • We are well-positioned to benefit from rising rates Net Interest Income Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures 6 Loan Rate Sensitivity Mix 52% 22% 26% Floating Adjusta
Slide 7: Noninterest Income
4Q21 4Q21 vs 3Q21 4Q21 vs 4Q20 Debit and Credit Card $4.5 $(0.1) $0.6 Service Charges 4.0 0.1 0.5 Wealth 3.3 (0.2) 0.8 Mortgage 1.5 (0.6) (1.6) Other 2.8 1.1 0.1 Noninterest Income $16.1 $0.3 $0.5 • Positive trends in core customer fees • Favorably impacted by valuations • Moderating mortgage bankin
Slide 8: Noninterest Expense
4Q21 4Q21 vs 3Q21 4Q21 vs 4Q20 Salaries & Benefits $27.1 $1.9 $4.4 Data Processing 4.7 0.7 0.8 Occupancy 3.6 0.0 (0.4) FF&E 2.9 0.2 0.0 Professional Services 1.7 0.1 0.1 Other Taxes 1.5 (0.3) (0.3) Marketing 1.3 0.5 (0.8) FDIC 1.0 (0.2) (0.3) Other 6.3 0.1 (1.9) Noninterest Expense $50.2 $3.0 $1.7 E
Slide 9: Asset Quality
Asset Quality ACL 4Q21 VS 3Q21: Dollars in millions 9 ASSET QUALITY TRENDS • Nonperforming loans declined 40.4% or $45 million • Continued improvement in the hotel portfolio including $22.1 million return to accrual status
Slide 10: Capital
Capital We have strong capital levels and are well-positioned for growth Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures 10 TOTAL CAPITAL
Slide 11: Return on Average Tangible Shareholders' Equity (non-GAAP)
4Q21 2021 Return on Average Tangible Shareholders' Equity (non-GAAP) Net income (annualized) $89,176 $110,343 Plus: amortization of intangibles (annualized), net of tax (366) 1,400 Net income before amortization of intangibles (annualized) $90,552 $111,743 Average total shareholders' equity $1,206,2
Slide 12: Efficiency Ratio and Net Interest Margin (non-GAAP)
4Q21 3Q21 2Q21 1Q21 4Q20 Efficiency Ratio (non-GAAP) Noninterest expense $50,189 $47,241 $45,829 $45,580 $48,528 Net interest income per consolidated statements of net income $68,438 $68,712 $68,304 $70,659 $69,929 Plus: taxable equivalent adjustment 510 557 585 664 725 Net interest income (FTE) (no
Slide 13: Fourth Quarter 2021 Earnings Supplement
Fourth Quarter 2021 Earnings Supplement