S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q1 2025 Earnings Presentation
11 slides from S&t Bancorp's earnings presentation, Apr 24, 2025
Slide 1: First Quarter 2025 Earnings Supplement
First 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: First Quarter Overview
3 First Quarter Overview RETURN METRICS EARNINGS Net Income $33.4 million *Refer to appendix for reconciliation of non-GAAP financial measures EPS $0.87 ROA 1.41% ROE 9.67% ROTE* 13.29% PPNR* 1.73% HIGHLIGHTS • Strong earnings and return metrics • NIM increase of 4 basis points to 3.81% • Securities
Slide 4: Balance Sheet
4 Balance Sheet • Strong customer deposit growth of $134.7 million (7.23% annualized) • Reduction in borrowings of $55.0 million and brokered deposits of $24.9 million • Loan growth of $93.4 million (4.89% annualized) primarily commercial Dollars in millions 1Q25 4Q24 Var $ 212 $ 245 $ (33) 1,011 98
Slide 5: Asset Quality
5 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL down 5 basis points to 1.26% compared to 1.31% at December 31, 2024 • Decrease in ACL related to a $4.2 million decline in specific reserves • NPAs decreased 7 basis points to 0.29% of total portfolio loans plus OREO • Activel
Slide 6: Net Interest Income
6 Net Interest Income Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures $83.5 $83.6 $84.5 $83.3 $83.3 3.84% 3.85% 3.82% 3.77% 3.81% NII NIM FTE* 1Q24 2Q24 3Q24 4Q24 1Q25 Total Cost of Funds 0.15% 0.05% 0.07% (0.11)% (0.12)% 2.19% 2.24% 2.31% 2.20% 2.08% Change
Slide 7: Noninterest Income
7 1Q25 1Q25 vs 4Q24 1Q25 vs 1Q24 Debit and Credit Card $4.2 ($0.4) $— Service Charges 4.0 (0.2) 0.1 Wealth Management 3.1 (0.1) — Loss on Sale of Securities (2.3) 0.3 (2.3) Other 1.4 (0.3) (0.2) Noninterest Income $10.4 ($0.7) ($2.4) Noninterest Income Dollars in millions • Repositioned $193.6 milli
Slide 8: Noninterest Expense
8 1Q25 1Q25 vs 4Q24 1Q25 vs 1Q24 Salaries & Benefits $29.9 ($0.9) $0.3 Data Processing 4.9 (0.4) — Occupancy 4.3 0.5 0.4 FF&E 3.5 0.2 — Other Taxes 1.5 (0.8) (0.4) Marketing 1.6 — (0.3) Professional Services 1.3 0.2 (0.4) FDIC 1.0 — — Other 7.1 0.9 1.0 Noninterest Expense $55.1 ($0.3) $0.6 Nonintere
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 10.03% 10.21% 10.86% 10.82% 11.16% 1Q24 2Q24 3Q2
Slide 10: Non-GAAP Reconciliation: ROTE and PPNR
1Q25 Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $135,460 Plus: amortization of intangibles (annualized), net of tax 772 Net income before amortization of intangibles (annualized) $136,232 Average total shareholders' equity $1,400,999 Less: average goodw
Slide 11: Non-GAAP Reconciliation: TCE/TA and Efficiency Ratio
1Q25 4Q24 3Q24 2Q24 1Q24 Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,418,034 $1,380,294 $1,375,754 $1,321,443 $1,295,074 Less: goodwill and other intangible assets, net of deferred tax liability (375,646) (375,837) (375,931) (376,154) (376,396) Tangible comm