S&t Bancorp, Inc. · NASDAQ:STBA

S&t Bancorp — Q1 2020 Earnings Presentation

18 slides from S&t Bancorp's earnings presentation, Apr 30, 2020

  1. Slide 1: First Quarter 2020 Earnings Supplement

    First Quarter 2020 Earnings Supplement MEMBER FDIC

  2. Slide 2: Forward Looking Statements and Risk Factors

    Forward Looking Statements and Risk Factors This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlo

  3. Slide 3: First Quarter 2020 Highlights

    First Quarter 2020 Highlights 2020 2019 2019 First Fourth First Quarter Quarter Quarter Reported Metrics: Net Income $13.2 million $22.3 million $22.9 million Diluted earnings per share $0.34 $0.62 $0.66 Dividends declared per share $0.28 $0.28 $0.27 Book value $30.06 $30.13 $27.47 Tangible book val

  4. Slide 4: COVID-19

    First Quarter 2020 COVID-19 We are committed to helping our employees, customers, and communities during these unprecedented and challenging times: Employees Consumers Businesses Communities  Working from home  Needs-based loan  Needs-based loan  $75,000 donation to payment deferrals payment def

  5. Slide 5: Loan Mix

    First Quarter 2020 Loan Mix Other $511 Multi-Family 433 Offices 429 Health Care 389 Flex/Mixed Use 335 Manufacturing 254 Hotels 236 Strip Malls 209 Retail Space 187 Storage 150 Dealerships 111 Convenience Stores 83 Restaurants 59 Student Rentals 57 Total CRE 3,443 Manufacturing 340 Services 258 Cons

  6. Slide 6: Commercial Loan Modifications

    First Quarter 2020 Commercial Loan Modifications In response to COVID-19, we are offering commercial loan customers needs-based payment deferrals and modifications to interest only periods: Total Modified % of Bal Total Modified % of Bal Loan Type Loan Type Balance Balance Modified Balance Balance M

  7. Slide 7: Hotels

    First Quarter 2020 Hotels The COVID-19 pandemic is negatively impacting the hotel industry. Our hotel portfolio is comprised of 79 loans and totals $254 million: • 92% of the hotel portfolio is pass-rated. • 84% of the portfolio is with a Marriott, Geography: Hilton, Holiday Inn, or Hyatt chain. Sta

  8. Slide 8: Consumer Loan Modifications

    First Quarter 2020 Consumer Loan Modifications In response to COVID-19, we are offering mortgage and consumer loan payment deferrals with no negative credit bureau reporting and have paused foreclosures/repossessions: Total Modified % of Bal Total Avg Mod Avg Loan Type General Program Details Balanc

  9. Slide 9: SBA PPP

    First Quarter 2020 SBA PPP We dedicated substantial resources to the SBA PPP and approved over $537 million: Total Number of Average Loan Size Balance Loans Balance Total $537,543 2,560 $210 Data as of April 29, 2020. $ in thousands 9

  10. Slide 10: Line Utilization

    First Quarter 2020 Line Utilization We have experienced limited increases in line usage since February 2020: Data as of April 24, 2020 $ in millions 10

  11. Slide 11: Allowance for Credit Losses (ACL)

    First Quarter 2020 Allowance for Credit Losses (ACL) Our allowance for credit losses increased $34.7 million, or 47 bps, since last quarter, due to the adoption of CECL and the uncertainty of the COVID-19 pandemic: Does not include unfunded commitment reserve. $ in millions 11

  12. Slide 12: Low Interest Rate Environment

    First Quarter 2020 Low Interest Rate Environment We are asset sensitive and expect NIM compression in a low rate environment: Loans and Securities LIBOR Fixed Floating Rate Rate We benefit from LIBOR's delayed decrease, as we have more LIBOR-based assets than LIBOR-based liabilities: LIBOR-based ass

  13. Slide 13: Capital

    First Quarter 2020 Capital We are well-capitalized and have sufficient excess capital: Ratio Well Cap Excess % Capital $ Excess $ Leverage Ratio 10.03% 5.00% 5.03% $844 $423 Common Equity Tier 1 Ratio 10.93% 6.50% 4.43% 815 330 Tier 1 Capital Ratio 11.32% 8.00% 3.32% 844 247 Total Capital Ratio 12.7

  14. Slide 14: Liquidity

    First Quarter 2020 Liquidity We have access to over $3.5 billion of liquidity from multiple sources: Liquidity Source Availability FHLB $2,455 Federal Reserve 610 Unpledged securities 498 Fed Funds Lines 130 Total $3,693 We have established access to the Federal Reserve’s PPP Lending Facility. Loans

  15. Slide 15: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures

    First Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2020 2019 2019 First Fourth First Quarter Quarter Quarter (1) Tangible Book Value (non-GAAP) Total shareholders' equity $1,176,251 $1,191,998 $943,156 Less: goodwill and other intangible assets (384,55

  16. Slide 16: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures

    First Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2020 2019 2019 First Fourth First Quarter Quarter Quarter (3) Efficiency Ratio (non-GAAP) Noninterest expense $46,391 $50,178 $38,919 Less: merger related expenses (2,342) (10,179) — Noninterest expens

  17. Slide 17: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures

    First Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: The following profitability metrics are adjusted to exclude merger related expenses from the DNB 2020 2019 merger in the first quarter ended March 31, 2020 and the fourth quarter ended December 31, 201

  18. Slide 18: Earnings Supplement

    First Quarter 2020 Earnings Supplement MEMBER FDIC

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