S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2011 Earnings Presentation
25 slides from S&t Bancorp's earnings presentation, Nov 30, 2011
Slide 1: Third Quarter 2011
Third Quarter 2011 Exhibit 99.1
Slide 2: Todd Brice and Mark Kochvar presenters
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: Return on Assets
* 2011 peer banks per 2011 proxy statement * * Annualized Return on Assets -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2011 YTD** PA Banks Peer Bank Median* STBA
Slide 5: Return on Equity
Return on Equity * 2011 peer banks per 2011 proxy statement * * Annualized -5% 0% 5% 10% 15% 20% -5% 0% 5% 10% 15% 20% 2011 YTD** PA Banks Peer Bank Median* STBA
Slide 6: Marcellus Shale Distribution
Marcellus Shale Distribution Pennsylvania S&T Bank Regional Footprint S&T Bank Locations Marcellus Shale Formation
Slide 7: Marcellus Activity in S&T's Market Area
Marcellus Activity in S&T’s Market Area Permits Issued Wells Drilled * * January – October 2011 Source: Pennsylvania DEP
Slide 8: S&T Wealth Management Marcellus Shale mineral management
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 administration of royalty
Slide 9: Quarterly Summary
Quarterly Summary Third Quarter Second Quarter Third Quarter Net Income $12.2 $13.4 $10.9 Diluted Earnings per Common Share $0.44 $0.48 $0.39 Common Return on Average Assets * 1.20% 1.31% 1.06% Common Return on Average Equity * 8.12% 9.15% 7.61% Dollars in millions * Annualized
Slide 10: Income Statement
Income Statement Dollars in millions * Refer to appendix for reconciliation of Non-GAAP financial measures Third Quarter Second Quarter Third Quarter Net Interest Income – FTE * $34.9 $35.6 $38.1 Noninterest Income 10.4 11.2 12.3 Total Revenue 45.3 46.8 50.4 Noninterest Expense (24.2) (25.6) (24.9)
Slide 11: Balance Sheet
Balance Sheet Dollars in millions Sept. 30, June 30, Sept. 30, Securities $359 $358 $301 Loans, Net 3,085 3,145 3,315 Other Total Assets $4,092 $4,058 $4,098 Deposits $3,271 $3,254 $3,304 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,092 $4,058 $4,098
Slide 12: Loan Portfolio
Loan Portfolio Dollars in millions Sept. 30, June 30, Sept. 30, Consumer Home Equity $ 423 $ 432 $ 451 Residential Mortgage Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,414 1,442 1,437 Commercial & Industrial Construction Total Commercial 2,287 2,341
Slide 13: Asset Quality
Asset Quality * YTD September 30, 2011 Annualized Sept. 30, December 31, Nonperforming Loans / Total Loans 1.89% 1.90% 2.67% 1.19% 0.60% Nonperforming Assets / Total Loans Plus OREO 2.08 2.07 2.80 1.21 0.62 Net Charge-offs / Average Loans * 0.54 1.11 1.60 0.31 0.17 Loan Loss Reserve / Total Loans 1.
Slide 14: Nonperforming Loans
Nonperforming Loans 2.15 49.2 Total Commercial 4.56 8.7 Construction 0.88 6.0 Commercial & Industrial 2.44 34.5 Commercial Real Estate Commercial 1.18 10.0 Total Consumer 5.82 0.2 Construction - - - Installment and Other Consumer 1.92 6.7 Residential Mortgage 0.73 $ 3.1 Home Equity % of Total NPL Co
Slide 15: Construction & CRE by Type
Construction & CRE by Type Type Sept. 30, % of Total Sept. 30, Change Retail/Strip Malls $ 286 $ 299 $(13) Miscellaneous (30) Offices (11) Residential Rental Properties (19) Hotels (10) Healthcare/Education Manuf/Industrial/Warehouse (30) RE Develop – CL (5) Flex/Mixed Used (16) RE Develop – Residen
Slide 16: Construction & CRE – NPL by Type
Construction & CRE – NPL by Type Type Sept. 30, % NPL % of Total NPL Retail/Strip Malls $ 2.4 0.83 Miscellaneous 16.0 6.60 Offices 5.1 2.36 Residential Rental Properties 3.4 1.70 Hotels 1.1 0.59 Healthcare/Education - - - Manuf/Industrial/Warehouse 5.2 5.22 RE Develop – CL 1.7 1.69 Flex/Mixed Use -
Slide 17: Net Interest Margin
Net Interest Margin Third Quarter Second Quarter Third Quarter Securities - FTE 2.39% 2.76% 3.82% Loans - FTE 4.85 4.89 5.10 Total Earning Assets 4.51 4.63 4.99 Deposits 0.93 0.97 1.08 Borrowings 2.97 3.10 2.90 Total Costing Liabilities 1.06 1.10 1.21 Net Interest Margin – FTE * 3.76 3.85 4.09 * Ref
Slide 18: Noninterest Income
Noninterest Income Dollars in millions Third Quarter Second Quarter Third Quarter Community Banking $ 6.3 $ 5.9 $ 6.0 Wealth Management 2.0 2.1 1.9 Insurance 2.2 2.2 2.1 Letters of Credit / Loan 0.6 0.7 0.6 Mortgage Banking (0.5) 0.2 1.6 Other (0.2) 0.1 0.1 Total $10.4 $11.2 $12.3
Slide 19: Securities
Securities Sept. 30, June 30, Sept. 30, Agencies $153 $142 $100 Agency CMO Agency MBS Municipals Equities FHLB Stock Total $359 $358 $301 All securities are classified as available-for sale Dollars in millions
Slide 20: Deposits
Deposits Dollars in millions Sept. 30, June 30, Sept. 30, Noninterest-bearing Demand $ 817 $ 802 $ 744 Interest-bearing Demand Money Market Savings Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,271 $3,254 $3,305
Slide 21: Capital Ratios
Capital Ratios Sept. 30, June 30, Sept. 30, Well- Capitalized Leverage ** 11.80% 11.49% 10.92% 5.00% Tier 1 – Risk-Based Capital ** 14.95 14.31 12.97 6.00 Total – Risk-Based Capital ** 18.51 17.83 16.35 10.00 Tangible Common Equity / Tangible Assets * 8.30 8.08 7.53 NA ** Includes CPP of $108.7 mill
Slide 22: S&T Bancorp Capital
S&T Bancorp Capital * * Total Risk-Based Capital Well Capitalized +3.69% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
Slide 23: The S&T Road Map: Collaborating Around The Customer
THE S&T ROAD MAP: Collaborating Around The Customer Customer value
Slide 24: Appendix – Non-GAAP Measures
Third Quarter Second Quarter Third Quarter Interest Income per Consolidated Statements of Income $40.9 $41.8 $45.3 Adjustment to Fully Taxable-equivalent Basis 1.0 1.0 1.1 Interest Income Adjusted to Fully Taxable-equivalent Basis 41.9 42.8 46.4 Interest Expense per Consolidated Statements of Income
Slide 25: Appendix – Non-GAAP Measures (cont.)
Third Quarter Second Quarter Third Quarter Tangible Common Equity/Tangible Assets Common Equity/Assets (GAAP Basis) 12.14% 11.98% 11.43% Effect of Excluding Intangible Assets -3.84% -3.90% -3.90% Tangible Common Equity/Tangible Assets 8.30% 8.08% 7.53% APPENDIX – Non-GAAP Measures /cont./ Dollars in