S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q1 2011 Earnings Presentation
24 slides from S&t Bancorp's earnings presentation, May 10, 2011
Slide 1: First Quarter 2011
First Quarter 2011 Exhibit 99.1
Slide 2: Presenters: Todd Brice and Mark Kochvar
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 vs. Peer Banks
* 2011 peer banks per 2011 proxy statement 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% STBA BHC $3-10 B Peer Bank Median * PA Banks
Slide 5: Return on Equity
Return on Equity * 2011 peer banks per 2011 proxy statement -5% 0% 5% 10% 15% 20% -5% 0% 5% 10% 15% 20% BHC $3-10 B PA Banks Peer Bank Median * STBA
Slide 6: Marcellus Shale Distribution
Marcellus Shale Distribution
Slide 7: S&T Wealth Management Marcellus Shale mineral management
SBancorp, Inc Rely on S&T Wealth Management to protect your assets: + Lease offer evaluation and negotiation. + Negottion of surface damage rights 0 that you ae sulcenly protected {om and compensated for ary damage {0 your property throughout the rling process. + Veriton, monitoring and administrati
Slide 8: Mineral management services
SPancorp, Inc Lease Offer Evaluation Lease Negotiation i=) Pad Site Negotiation Surface Damage Pipeline Agreement and Production/Revenue Negotiation Damage Negotiation Processing
Slide 9: Quarterly Summary
Quarterly Summary First Quarter Fourth Quarter First Quarter Net Income $4.7 $8.7 $9.8 Diluted Common Earnings per Share $0.17 $0.31 $0.35 Common Return on Average Assets * 0.47% 0.84% 0.96% Common Return on Average Equity * 3.31% 6.00% 7.12% Dollars in millions * Annualized
Slide 10: Income Statement
Income Statement Dollars in millions First Quarter Fourth Quarter First Quarter Net Interest Income – FTE $35.9 $37.4 $37.1 Noninterest Income 11.0 12.0 11.2 Total Revenue 46.9 49.4 48.3 Noninterest Expense (27.5) (27.0) (27.9) Security Gains (Losses) - - 0.1 Provision for Loan Losses (10.6) (7.7) (
Slide 11: Balance Sheet
Balance Sheet Dollars in millions Mar. 31, Dec. 31, Mar. 31, Securities $353 $310 $352 Loans, Net 3,243 3,313 3,335 Other Total Assets $4,090 $4,114 $4,136 Deposits $3,306 $3,317 $3,346 Borrowings Other Equity Total Liabilities & Equity $4,090 $4,114 $4,136
Slide 12: Loan Portfolio
Loan Portfolio Dollars in millions Mar. 31, Dec. 31, Mar. 31, Consumer Home Equity $436 $441 $457 Residential Mortgage Consumer Construction Total Consumer $856 $888 $903 Commercial Commercial Real Estate $1,489 $1,494 $1,423 Commercial & Industrial Construction Total Commercial $2,448 $2,476 $2,495
Slide 13: Asset Quality
Asset Quality * YTD March 31, 2011 Annualized Mar. 31, December 31, Nonperforming Loans / Total Loans 2.45% 1.90% 2.67% 1.19% 0.60% Nonperforming Assets / Total Loans Plus OREO 2.67 2.07 2.80 1.21 0.62 Net Charge-offs / Average Loans * 0.04 1.48 1.60 0.31 0.17 Loan Loss Reserve / Total Loans 1.87 1.
Slide 14: Nonperforming Loans
Nonperforming Loans 3.01 $ 73.6 Total Commercial 3.00 7.3 Construction 1.27 9.1 Commercial & Industrial 3.84 $ 57.2 Commercial Real Estate Commercial 0.84 $ 7.2 Total Consumer - - - Construction - - - Consumer Installment 1.55 5.3 Residential Mortgage 0.43 $ 1.9 Home Equity % of Total NPL Consumer %
Slide 15: Construction & CRE by Type
Construction & CRE by Type Type March 31, % of Total March 31, Change Retail/Strip Malls $ 297 $ 295 $2 Miscellaneous Residential Rental Properties (47) Offices (14) Hotels Manuf/Industrial/Warehouse (14) Flex/Mixed Use Healthcare/Education RE Develop – CL (15) RE Develop – Residential (2) Total $1,
Slide 16: Construction & CRE – NPL by Type
Construction & CRE – NPL by Type Type March 31, % NPL % of Total NPL Retail/Strip Malls $ 3.0 1.02 Miscellaneous 15.3 5.83 Residential Rental Properties 11.0 4.61 Offices 2.8 1.22 Hotels 13.5 6.98 Manuf/Industrial/Warehouse 3.6 3.05 Flex/Mixed Use 2.4 2.10 Healthcare/Education 0.8 0.75 RE Develop –
Slide 17: Net Interest Margin
Net Interest Margin First Quarter Fourth Quarter First Quarter Securities - FTE 3.02% 3.77% 4.06% Loans - FTE 4.92 5.02 5.12 Total Earning Assets 4.72 4.92 5.02 Deposits 0.97 1.03 1.21 Borrowings 3.14 3.00 2.49 Total Costing Liabilities 1.10 1.15 1.34 Net Interest Margin - FTE 3.92 4.06 4.00
Slide 18: Noninterest Income
Noninterest Income Dollars in millions First Quarter Fourth Quarter First Quarter Community Banking $ 5.6 $ 5.8 $ 5.5 Wealth Management 2.1 2.0 2.0 Insurance 2.1 1.8 2.4 Letters of Credit / Loan 0.5 0.8 0.6 Mortgage Banking 0.6 1.3 0.4 Other 0.1 0.3 0.3 Total $11.0 $12.0 $11.2
Slide 19: Securities
Securities Mar. 31, Dec. 31, Mar. 31, Agencies $125 $126 $118 Agency CMO Agency MBS Municipals Equities FHLB Stock Total $353 $310 $352 All securities are classified as available-for sale Dollars in millions
Slide 20: Deposits
Deposits Dollars in millions Mar. 31, Dec. 31, Mar. 31, Noninterest-bearing Demand $ 803 $ 766 $ 709 Interest-bearing Demand Money Market Savings Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,306 $3,317 $3,346
Slide 21: Capital Ratios
Capital Ratios Mar. 31 Dec. 31 Mar. 31 Well- Capitalized Leverage * 11.19% 11.07% 10.51% 5.00% Tier 1 – Risk-Based Capital * 13.54 13.28 12.40 6.00 Total – Risk-Based Capital * 16.99 16.68 15.75 10.00 Tangible Common Equity / Tangible Assets 7.70 7.61 7.09 NA * Includes CPP of $108.7 million
Slide 22: S&T Bancorp Capital
S&T Bancorp Capital * 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Well Capitalized +2.19% * Total Risk-Based Capital
Slide 23: The S&T Road Map: Collaborating Around The Customer
THE S&T ROAD MAP: Collaborating Around The Customer Customer value proposition
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