S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2021 Earnings Presentation
12 slides from S&t Bancorp's earnings presentation, Oct 21, 2021
Slide 1: Third Quarter 2021 Earnings Supplement
Third 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: Third Quarter Overview
3 Third Quarter Overview HIGHLIGHTS • 7% annualized loan growth, excluding PPP • Solid C&I loan (ex-ppp) and consumer growth • Dividend increased $0.01 (3.6%) to $0.29 RETURNS EARNINGS *Refer to appendix for reconciliation of non-GAAP financial measures EPS $0.70 Net Income $27.6 million ROA 1.15% R
Slide 4: 3Q21 vs 2Q21: Balance Sheet
3Q21 VS 2Q21: Balance Sheet HIGHLIGHTS • Loans, excluding PPP, increased $118 million; 7% annualized growth rate • Strong pipeline • Increased line utilization Dollars in millions 4 3Q21 2Q21 Var $934 $985 ($51) $870 $840 $30 $6,789 $6,671 $118 $19 $118 ($99) $162 $218 ($56) $7,945 $8,015 ($70) 3Q21
Slide 5: Stable core net interest income; Ex-PPP NIM rate decline due to lower loan yields
Stable core net interest income; Ex-PPP NIM rate decline due to lower loan yields and elevated Fed cash NIM Change vs Prior Quarter 2Q21: 3.16 % Loan yields (0.07 %) Elevated Fed cash (0.04 %) PPP impact 0.08 % Liability costs 0.01 % 3Q21: 3.14 % Net Interest Income Dollars in millions; *Refer to ap
Slide 6: Noninterest Income
3Q21 3Q21 vs 2Q21 3Q21 vs 3Q20 Debit and Credit Card $4.6 ($0.2) $0.4 Service Charges 3.9 0.3 0.6 Wealth 3.5 0.3 0.9 Mortgage 2.2 0.4 (1.8) Other 1.7 (0.4) (0.8) Noninterest Income $15.8 $0.4 ($0.6) Growth in service charges and wealth; improved mortgage servicing valuation Noninterest Income 6Dolla
Slide 7: Noninterest Expense
3Q21 3Q21 vs 2Q21 3Q21 vs 3Q20 Salaries & Benefits $25.2 $0.7 $0.7 Data Processing 4.0 0.2 (0.2) Occupancy 3.7 0.2 0.2 FF&E 2.7 0.3 0.3 Other Taxes 1.8 0.0 0.2 Professional Services 1.6 (0.1) (0.4) FDIC 1.2 0.3 (0.7) Marketing 0.9 (0.1) (0.9) Other 6.1 (0.2) (0.2) Noninterest Expense $47.2 $1.4 ($1.
Slide 8: Asset Quality
Asset Quality ACL 3Q21 VS 2Q21: Dollars in millions 8 ASSET QUALITY TRENDS Stabilizing asset quality metrics
Slide 9: 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 9 TOTAL CAPITAL
Slide 10: Return on Average Tangible Shareholders' Equity (non-GAAP)
3Q21 Return on Average Tangible Shareholders' Equity (non-GAAP) Net income (annualized) $109,492 Plus: amortization of intangibles (annualized), net of tax 1,369 Net income before amortization of intangibles (annualized) $110,861 Average total shareholders' equity $1,198,641 Less: average goodwill a
Slide 11: Efficiency Ratio and Net Interest Margin (non-GAAP)
3Q21 2Q21 1Q21 4Q20 3Q20 Efficiency Ratio (non-GAAP) Noninterest expense $47,241 $45,829 $45,580 $48,528 $48,246 Net interest income per consolidated statements of net income $68,712 $68,304 $70,659 $69,929 $69,276 Plus: taxable equivalent adjustment 557 585 664 725 780 Net interest income (FTE) (no
Slide 12: Third Quarter 2021 Earnings Supplement
Third Quarter 2021 Earnings Supplement