S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q1 2012 Earnings Presentation
28 slides from S&t Bancorp's earnings presentation, May 9, 2012
Slide 1: First Quarter 2012
First Quarter 2012 Exhibit 99.1 Filed by S&T Bancorp, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: S&T Bancorp, Inc Commission File No.: 000-12508
Slide 2: Todd Brice, CEO and Mark Kochvar, CFO
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: Merger Overview
Merger Overview S&T Bancorp, Inc. Mainline Bancorp, Inc. Gateway Bank of PA Total Assets $4,120.0 $235.8 $120.3 Gross Loans 3,132.6 133.7 101.5 Total Deposits 3,335.9 205.9 96.9 Total Equity 490.5 22.1 15.2 Book Value Per Share 17.44 56.72 8.84 Tangible Book Value Per Share 11.36 56.43 8.84 Total Br
Slide 5: Common Return on Assets vs. peer banks
* 2012 peer banks per 2012 proxy statement Common Return on Assets
Slide 6: Common Return on Equity
Common Return on Equity * 2012 peer banks per 2012 proxy statement
Slide 7: Summary
Summary Net Income Available to Common Shareholders $39.7 $37.3 $2.0 Diluted Earnings per Common Share $1.41 $1.34 $0.07 Common Return on Average Assets 0.97% 0.90% 0.05% Common Return on Average Equity 6.78% 6.58% 0.37% Dollars in millions, except per share data
Slide 8: Income Statement
Income Statement Dollars in millions, except per share data * Refer to appendix for reconciliation of Non-GAAP financial measures Net Interest Income – FTE * $141.5 $150.5 $151.2 Noninterest Income 44.2 46.9 43.7 Total Revenue 185.7 197.4 194.9 Noninterest Expense (103.9) (105.6) (108.1) Security (L
Slide 9: Marcellus Shale Distribution
Marcellus Shale Distribution
Slide 10: Marcellus Activity in S&T's Market Area
Marcellus Activity in S&T’s Market Area Permits Issued Wells Drilled * * January – February 2012 Source: Pennsylvania DEP
Slide 11: S&T Wealth Management Marcellus Shale mineral management
SPeancorp Inc Rely on S&T Wealth Management to protect your assets: + Leate offer eruntion and negotiation, + Negotation of surfce damage rights, 0 that you are suficieny protected from and compensated for any daage 10 your property throughout the dling process, \eriestion, mentoring and administrat
Slide 12: Quarterly Summary
Quarterly Summary First Quarter Fourth Quarter First Quarter Net Income Available to Common Shareholders $3.5 $9.3 $4.7 Diluted Earnings per Common Share $0.12 $0.33 $0.17 Common Return on Average Assets * 0.34% 0.91% 0.47% Common Return on Average Equity * 2.82% 6.41% 3.31% Dollars in millions, exc
Slide 13: 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 * $34.5 $35.1 $35.9 Noninterest Income 12.2 11.6 11.0 Total Revenue 46.7 46.7 46.9 Noninterest Expens
Slide 14: Balance Sheet
Balance Sheet Dollars in millions Mar. 31, Dec. 31, Mar. 31, Securities $383 $376 $353 Interest Bearing Balances Loans, Net 3,154 3,084 3,243 Other Total Assets $4,331 $4,120 $4,090 Deposits $3,522 $3,336 $3,306 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,331 $4,120 $4,090
Slide 15: Loan Portfolio
Loan Portfolio Dollars in millions Mar. 31, Dec. 31, Mar. 31, Consumer Home Equity $ 442 $ 411 $ 436 Residential Mortgage Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,417 1,415 1,489 Commercial & Industrial Construction Total Commercial 2,289 2,290 2
Slide 16: Asset Quality
Asset Quality * YTD March 31, 2012 annualized Mar. 31, December 31, Nonperforming Loans / Total Loans 2.01% 1.79% 1.90% 2.67% 1.19% Nonperforming Assets / Total Loans Plus OREO 2.12 1.92 2.07 2.80 1.21 Net Charge-offs / Average Loans 1.32 * 0.56 1.11 1.60 0.31 Loan Loss Reserve / Total Loans 1.49 1.
Slide 17: Nonperforming Loans
Nonperforming Loans 2.30 52.5 Total Commercial 6.78 11.4 Construction 1.18 8.3 Commercial & Industrial 2.32 32.8 Commercial Real Estate Commercial 1.32 12.0 Total Consumer - 8.19 0.2 Construction - - - Installment and Other Consumer 2.16 8.3 Residential Mortgage 0.79 $ 3.5 Home Equity % of Total NPL
Slide 18: Construction & CRE by Type
Construction & CRE by Type Type Mar. 31, % of Total Mar. 31, Change Retail/Strip Malls $ 290 $ 297 $( 7) Offices (23) Hotels - Residential Rental Properties (55) Healthcare/Education ( 4) Manuf/Industrial/Warehouse (16) RE Develop – CL Flex/Mixed Used (23) RE Develop – Residential (27) Miscellaneous
Slide 19: Construction & CRE – NPL by Type
Construction & CRE – NPL by Type Type Mar. 31, % NPL % of Total NPL Retail/Strip Malls $ 3.3 1.12 Offices 4.0 1.95 Hotels 0.7 0.36 Residential Rental Properties 3.6 1.97 Healthcare/Education 0.6 0.57 Manuf/Industrial/Warehouse 4.6 4.50 RE Develop – CL 2.8 2.93 Flex/Mixed Used - - - RE Develop – Resi
Slide 20: Net Interest Margin
Net Interest Margin First Quarter Fourth Quarter First Quarter Securities - FTE 3.29% 3.36% 3.53% Interest Bearing Balances-FTE 0.20 0.28 0.23 Loans - FTE 4.74 4.83 4.92 Total Earning Assets 4.31 4.45 4.72 Deposits 0.75 0.83 0.97 Borrowings 1.82 2.43 3.14 Total Costing Liabilities 0.84 0.93 1.10 Net
Slide 21: Noninterest Income
Noninterest Income Dollars in millions First Quarter Fourth Quarter First Quarter Community Banking $ 5.8 $ 6.1 $ 5.6 Wealth Management 2.4 2.0 2.1 Insurance 2.2 1.8 2.1 Letters of Credit / Loan 0.7 0.6 0.5 Mortgage Banking 0.7 0.8 0.6 Other 0.4 0.3 0.1 Total $12.2 $11.6 $11.0
Slide 22: Securities
Securities Mar. 31, Dec. 31, Mar. 31, Agencies $160 $143 $125 Agency CMO Agency MBS Municipals Equities FHLB Stock Total $383 $376 $353 All securities are classified as available-for sale Dollars in millions
Slide 23: Deposits
Deposits Dollars in millions Mar. 31, Dec. 31, Mar. 31, Noninterest-bearing Demand $ 860 $ 819 $ 803 Interest-bearing Demand Money Market Savings Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,522 $3,336 $3,306
Slide 24: Capital Ratios
Capital Ratios Mar. 31, Dec. 31, Mar. 31, ** Well- Capitalized Leverage 9.20% 9.17% 11.19% 5.00% Tier 1 – Risk-Based Capital 11.62 11.63 13.54 6.00 Total – Risk-Based Capital 15.14 15.20 16.99 10.00 Tangible Common Equity / Tangible Assets * 7.87 8.09 7.70 NA ** Includes CPP of $108.7 million * Refe
Slide 25: The S&T Road Map: Collaborating Around The Customer
5 SeBancorp. Inc eo Ee THE S&T ROAD MAP: Collaborating Around The Customer Customer value proposition
Slide 26: Appendix – Non-GAAP Measures
Interest Income per Consolidated Statements of Income $165.1 $180.4 $195.1 Adjustment to Fully Taxable-equivalent Basis 4.1 4.7 5.2 Interest Income Adjusted to Fully Taxable-equivalent Basis 169.2 185.1 200.3 Interest Expense per Consolidated Statements of Income 27.7 34.6 49.1 Net Interest Income A
Slide 27: Appendix – Non-GAAP Measures
First Quarter Fourth Quarter First Quarter Interest Income per Consolidated Statements of Income $39.1 $40.2 $44.2 Adjustment to Fully Taxable-equivalent Basis 1.2 1.1 1.0 Interest Income Adjusted to Fully Taxable-equivalent Basis 40.3 41.3 43.2 Interest Expense per Consolidated Statements of Income
Slide 28: Appendix – Non-GAAP Measures (cont.)
Mar. 31 Dec. 31, Mar. 31, Tangible Common Equity/Tangible Assets Common Equity/Assets (GAAP Basis) 11.65% 11.91% 11.58% Effect of Excluding Intangible Assets -3.78% -3.82% -3.88% Tangible Common Equity/Tangible Assets 7.87% 8.09% 7.70% APPENDIX – Non-GAAP Measures /cont./ Dollars in millions