S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q2 2025 Earnings Presentation
12 slides from S&t Bancorp's earnings presentation, Jul 24, 2025
Slide 1: Second Quarter 2025 Earnings Supplement
Second Quarter 2025 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: Second Quarter Overview
3 Second Quarter Overview RETURN METRICS EARNINGS Net Income $31.9 million *Refer to appendix for reconciliation of non-GAAP financial measures EPS $0.83 ROA 1.32% ROE 8.91% ROTE* 12.12% PPNR* 1.73% HIGHLIGHTS • Strong earnings and return metrics • Net interest income growth of 3.90% • NIM expansion
Slide 4: Balance Sheet
4 Balance Sheet • Loan growth of $98.1 million (5.02% annualized); $67.3 million of commercial and $30.8 million of consumer growth • Customer deposit growth of $28.0 million (1.42% annualized) • DDA increased $18 million and comprises 28% of total deposits Dollars in millions 2Q25 1Q25 Var $ 203 $
Slide 5: Asset Quality
5 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL decreased 2 basis points to 1.24% compared to 1.26% at March 31, 2025 • Net loan charge-offs of only $1.2 million, or 0.06% of total loans • NPAs decreased 2 basis points to 0.27% of total portfolio loans plus OREO % o f A ver
Slide 6: Net Interest Income
6 Net Interest Income Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures $83.6 $84.5 $83.3 $83.3 $86.6 3.85% 3.82% 3.77% 3.81% 3.88% NII NIM FTE* 2Q24 3Q24 4Q24 1Q25 2Q25 Total Cost of Funds 0.05% 0.07% (0.11)% (0.12)% 2.24% 2.31% 2.20% 2.08% 2.08% Changes in C
Slide 7: Noninterest Income
7 2Q25 2Q25 vs 1Q25 2Q25 vs 2Q24 Debit and Credit Card $4.6 $0.4 ($0.1) Service Charges 4.1 0.1 — Wealth Management 3.0 — — Loss on Sale of Securities — 2.3 3.2 Other 1.8 0.3 (2.9) Noninterest Income $13.5 $3.1 $0.2 Noninterest Income Dollars in millions • Customer activity seasonally higher compare
Slide 8: Noninterest Expense
8 2Q25 2Q25 vs 1Q25 2Q25 vs 2Q24 Salaries & Benefits $32.9 $3.0 $2.5 Data Processing 4.8 (0.1) 0.6 Occupancy 4.0 (0.3) 0.4 FF&E 3.4 (0.1) — Other Taxes 2.1 0.6 0.7 Professional Services 1.7 0.5 0.3 Marketing 1.5 (0.1) 0.1 FDIC 1.1 — — Other 6.6 (0.5) (0.1) Noninterest Expense $58.1 $3.0 $4.5 Noninte
Slide 9: Capital
9 Capital Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures TCE / TA* • We have strong capital levels and are well positioned for growth • TCE / TA higher from prior quarter due to lower AOCI and strong earnings 10.21% 10.86% 10.82% 11.16% 11.34% 2Q24 3Q24 4Q2
Slide 10: Non-GAAP Reconciliation: ROTE and PPNR
2Q25 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $127,951 Plus: amortization of intangibles (annualized), net of tax 653 Net income before amortization of intangibles (annualized) $128,604 Average total shareholders' equity $1,436,
Slide 11: Non-GAAP Reconciliation: TCE/Tangible Assets and Efficiency Ratio
2Q25 1Q25 4Q24 3Q24 2Q24 (Dollars in thousands) Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,445,493 $1,418,034 $1,380,294 $1,375,754 $1,321,443 Less: goodwill and other intangible assets, net of deferred tax liability (375,522) (375,646) (375,837) (375,931)
Slide 12: Second Quarter 2025 Earnings Supplement
Second Quarter 2025 Earnings Supplement