S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q1 2013 Earnings Presentation
23 slides from S&t Bancorp's earnings presentation, May 14, 2013
Slide 1: First Quarter 2013
First Quarter 2013 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: Headquartered in Indiana, PA
+ OF * Headquartered in Indiana, PA $4.5 Billion in Assets (as of 3.31.13) Institutional Ownership: 39% Insider Ownership: 4% $551 Million Market Cap. (as of 3.31.13) Stock Price: $18.54 (as of 3.31.13) Bank holding company with 57 offices and 5 insurance locations Northeast Ohio Business Developmen
Slide 4: Common Return on Assets vs peers
* 2012 peer banks per 2012 proxy statement Common Return on Assets STBA Peer Bank Median* PA Banks BHC $3-10B
Slide 5: Common Return on Equity vs peers
Common Return on Equity * 2012 peer banks per 2012 proxy statement STBA Peer Bank Median* PA Banks BHC $3-10 B
Slide 6: Summary
Summary Net Income Available to Common Shareholders $34.2 $39.7 $37.3 Diluted Earnings per Common Share $ 1.18 $ 1.41 $ 1.34 Common Return on Average Assets 0.79% 0.97% 0.90% Common Return on Average Equity 6.62% 6.78% 6.58% Dollars in millions
Slide 7: 4 Lines of Business
Insurance Wealth Management Retail Banking Commercial Banking 4 Lines of Business
Slide 8: Quarterly Summary
Quarterly Summary First Quarter Fourth Quarter First Quarter Net Income Available to Common Shareholders $12.3 $9.5 $3.5 Diluted Earnings per Common Share $0.41 $0.32 $0.12 Common Return on Average Assets * 1.12% 0.86% 0.34% Common Return on Average Equity * 9.25% 7.05% 2.82% Dollars in millions, ex
Slide 9: Income Statement
Income Statement Dollars in millions, except per share data * Refer to appendix for reconciliation of Non-GAAP financial measures First Quarter Fourth Quarter First Quarter Net Interest Income – FTE * $34.8 $35.4 $34.5 Noninterest Income 11.7 11.5 12.2 Total Revenue 46.5 46.9 46.7 Noninterest Expens
Slide 10: Balance Sheet
Balance Sheet Dollars in millions March 31, December 31, March 31, Securities $ 469 $ 452 $ 363 Interest Bearing Balances Loans, Net 3,339 3,323 3,154 Other Total Assets $4,480 $4,527 $4,331 Deposits $3,639 $3,638 $3,522 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,480 $4,527 $4
Slide 11: Loan Portfolio
Loan Portfolio Dollars in millions March 31, December 31, March 31, Consumer Residential Mortgage $ 443 $ 427 $ 383 Home Equity $ 442 Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,480 1,452 1,417 Commercial & Industrial Construction Total Commercial 2
Slide 12: Asset Quality
Asset Quality * QTD annualized March 31, December 31, March 31, Nonperforming Loans / Total Loans 1.37% 1.63% 2.01% Nonperforming Assets / Total Loans Plus OREO 1.39 1.66 2.12 Net Charge-offs / Average Loans* 0.34 0.49 1.32 Loan Loss Reserve / Total Loans 1.36 1.38 1.49 Loan Loss Reserve / Nonperfor
Slide 13: Nonperforming Loans
Nonperforming Loans 52.5 1.48 36.4 Total Commercial 11.4 3.14 5.2 Construction 8.3 0.67 5.4 Commercial & Industrial 32.8 1.75 25.8 Commercial Real Estate Commercial 12.0 1.06 9.9 Total Consumer 0.2 7.02 0.2 Construction - 0.03 - Installment and Other Consumer 3.5 0.97 4.0 Home Equity $ 8.3 1.27% $ 5
Slide 14: Net Interest Margin
Net Interest Margin First Quarter Fourth Quarter First Quarter Securities - FTE 2.65% 2.76% 3.29% Interest Bearing Deposits-FTE 0.23 0.29 0.20 Loans - FTE 4.32 4.44 4.74 Total Earning Assets-FTE 3.91 3.97 4.31 Deposits 0.49 0.53 0.75 Borrowings 1.61 2.16 1.82 Total Costing Liabilities 0.58 0.64 0.84
Slide 15: Noninterest Income
Noninterest Income Dollars in millions First Quarter Fourth Quarter First Quarter Wealth Management $ 2.6 $ 2.4 $ 2.4 Debit and Credit Card 2.5 2.7 2.7 Service Charges on Deposit Accounts 2.4 2.6 2.4 Insurance 1.8 1.2 1.7 Mortgage Banking 0.5 0.7 0.7 Other 1.9 1.9 2.3 Total $11.7 $11.5 $12.2
Slide 16: Securities
Securities March 31, December 31, March 31, Agencies $231 $212 $160 Agency CMO Agency Residential MBS Agency Commercial MBS - Municipals Equities Total $469 $452 $363 All securities are classified as available-for sale Dollars in millions
Slide 17: Deposits
Deposits Dollars in millions March 31, December 31, March 31, Noninterest-bearing Demand $ 951 $ 961 $ 860 Interest-bearing Demand Money Market Savings Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,639 $3,638 $3,522
Slide 18: Capital Ratios
Capital Ratios March 31, December 31, March 31, Well- Capitalized Leverage 9.42% 9.31% 9.20% 5.00% Tier 1 – Risk-Based Capital 12.20 11.98 11.62 6.00 Total – Risk-Based Capital 15.60 15.39 15.14 10.00 Tangible Common Equity / Tangible Assets * 8.46 8.20 7.87 NA * Refer to appendix for reconciliation
Slide 19: Marcellus Shale Distribution
Marcellus Shale Distribution
Slide 20: Appendix – Non-GAAP Measures
First Quarter Fourth Quarter First Quarter Interest Income per Consolidated Statements of Income $37.8 $38.9 $39.1 Adjustment to Fully Taxable-equivalent Basis 1.2 1.1 1.2 Interest Income Adjusted to Fully Taxable-equivalent Basis 39.0 40.0 40.3 Interest Expense per Consolidated Statements of Income
Slide 21: Appendix – Non-GAAP Measures (cont.)
First Quarter Fourth Quarter First Quarter Securities 2.27% 2.32% 2.83% Adjustment to Fully Taxable-equivalent Basis 0.38 0.44 0.46 Securities Adjusted to Fully Taxable-equivalent Basis 2.65 2.76 3.29 Loans 4.23 4.36 4.65 Adjustment to Fully Taxable-equivalent Basis 0.09 0.08 0.09 Loans Adjusted to
Slide 22: Tangible Common Equity/Tangible Assets
March 31, December 31, March 31, Tangible Common Equity/Tangible Assets Common Equity/Assets (GAAP Basis) 12.16% 11.87% 11.65% Effect of Excluding Intangible Assets -3.70% -3.67% -3.78% Tangible Common Equity/Tangible Assets 8.46% 8.20% 7.87% APPENDIX – Non-GAAP Measures /cont./
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