S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2026 Earnings Presentation
35 slides from S&t Bancorp's earnings presentation, Nov 3, 2026
Slide 1: Third Quarter 2026
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Third Quarter 2026
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: Corporate Profile
3 • Founded in Indiana, PA in 1902 • $9.9 billion in assets • $8.1 billion in deposits • $8.1 billion in loans • $1.7 billion market cap • Stock symbol: STBA Corporate Profile
Slide 4: Geographic Footprint
Geographic Footprint 4 Serving 130,000 households in Pennsylvania and Ohio Footprint comprises 9.8 million people and 222,000 businesses 1,200 team members providing exceptional customer satisfaction at more than 70 locations Akron Columbus Philadelphia Harrisburg Pittsburgh Indiana City Branch
Slide 5: Strategic Path
5 Strategic Path VALUES PURPOSE DRIVERS Our Shared Future represents a journey focused on building a foundation that enables profitable and sustainable growth.
Slide 6: Performance Drivers and Targets
Performance Drivers and Targets 6 Enterprise Risk Management Talent & Engagement Deposit Franchise Loans/Deposits below median Cost of Deposits below median Core Profitability PPNR/Avg Assets* top quartile NIM (FTE)* above median Asset Quality NCO/Loans below median NPA/Loans & OREO below median Val
Slide 7: Strategic Priorities
Strategic Priorities Execute customer growth strategies to improve operating leverage Organic Growth Maintain strong asset quality through disciplined credit risk management practices Asset Quality Strategically manage capital through organic growth, selective M&A and share repurchases Capital Manag
Slide 8: Strategy: Organic Growth
Strategy Deposits Households Loans 8 Organic Growth 130,000 124,000 (95% of total) $8.1B $8.0B $2.1B (26% of total) $5.6B (70% of total) $1.2B (15% of total) $0.8B (10% of total) 5,000 (4% of total) 1,000 (1% of total) $1.6B (20% of total) $4.8B (59% of total) • Consistent growth through further pen
Slide 9: Capital Management
9 Capital Management Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures • Strong capital position provides flexibility to support organic growth, pursue selective acquisitions and repurchase shares • No share repurchases in 3Q26. Sinc
Slide 10: Mergers & Acquisitions
10 M&A Target Priorities • Existing or contiguous market expansion with institutions $1 - $6 billion in assets • Enhancement of deposit franchise • Alignment of cultures • Access to growing markets S&T Preparedness • Significant levels of capital • Strong performer with solid return metrics • Infras
Slide 11: Asset Quality
11 Asset Quality 0.23% 2.92% (1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. *2Q26 peer data 1.32% 14.41% Maintain strong asset quality through disciplined credit risk management practices Asset Quality Highlights • Asset quality improvement reflects
Slide 12: Third Quarter Overview
12 Third Quarter Overview RETURN METRICS EARNINGS Net Income $38.6 million EPS $1.09 ROA 1.55% ROE 10.84% ROTE* 14.81% PPNR* 2.01% ACL 1.16% NCO(1) 0.10% ASSET QUALITY NPA 0.45% NIM (FTE)* 4.06% Efficiency Ratio (FTE)* 53.23% BALANCE SHEET Loan decline $(4.4) million (0.2)% (annualized) Deposit decl
Slide 13: Performance
PPNR / AVERAGE ASSETS * 2022 2023 2024 2025 YTD 2026 0.0% 0.6% 1.2% 1.8% 2.4% RETURN ON AVERAGE TANGIBLE EQUITY * 2022 2023 2024 2025 YTD 2026 0.0% 5.0% 10.0% 15.0% 20.0% RETURN ON AVERAGE ASSETS 2022 2023 2024 2025 YTD 2026 0.0% 0.4% 0.8% 1.2% 1.6% RETURN ON AVERAGE EQUITY 2022 2023 2024 2025 YTD 2
Slide 14: Balance Sheet
14 Balance Sheet Dollars in millions 3Q26 2Q26 Var $ 192 $ 218 $ (26) 984 1,013 (29) 8,054 8,058 (4) 8,064 8,086 (22) 215 275 (60) (150) (100) (50) 0 50 100 150 Cash & Int Bear Bal Securities Loans Total Deposits Borrowings 3Q26 vs 2Q26: 3Q26 vs 2Q26 DEPOSIT CHANGES DECREASES/INCREASES • Loans were
Slide 15: Loan Mix
Loan Mix Our loan portfolio is well-diversified: Dollars in millions 15 Amount % of Total CRE $3,551 44% Consumer 2,514 31% C&I 1,539 19% Construction 450 6% Total $8,054 100% Restaurants 1%
Slide 16: Deposit Mix
Deposit Mix We have a strong, well-diversified deposit base of 130,000 households: Dollars in millions 16 Amount % of Total DDA $2,224 28% MM 2,186 27% CDs 2,009 25% Savings 874 10% Int Bear DDA 771 10% Total $8,064 100% Amount % of Total Consumer $5,605 69% Commercial 1,554 19% Business 848 11% Oth
Slide 17: Funding Sources
17 FUNDING SOURCES Funding Capacity • Strong liquidity position with well-diversified deposit base • Significant funding availability through FHLB and Federal Reserve • Insured and collateralized municipal deposits comprise 68% of total deposits • Funding availability meets liquidity needs in both n
Slide 18: Asset Quality
18 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL was stable at 1.16% compared to June 30, 2026 • Net loan charge-offs of $2.1 million, or 0.10% (annualized) of average loans • NPAs decreased $3.7 million to $36.5 million, or 0.45% of total loans plus OREO % o f A verage Lo
Slide 19: Net Interest Income and Margin
19 (0.03)% (0.11)% (0.08)% (0.04)% 0.01% 2.05% 1.94% 1.86% 1.82% 1.83% Changes in Cost of Funds Cost of Funds 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Income $89.2 $91.0 $88.4 $90.4 $93.1 3.93% 3.99% 3.92% 3.99% 4.06% 3.68% 3.72% 3.67% 3.83% 3.94% NII NIM (FTE)* Peer 3Q25 4Q25 1Q26 2Q26 3Q26 Total Cost
Slide 20: Noninterest Income
20 Noninterest Income Dollars in millions 3Q26 3Q26 vs 2Q26 3Q26 vs 3Q25 Gain on Sale of Securities $— ($0.2) $— Debit and Credit Card 4.8 0.1 — Service Charges 4.5 0.2 0.3 Investment Services and Trust 3.7 0.2 0.6 Other 1.7 (0.5) — Noninterest Income $14.7 ($0.2) $0.9 • Noninterest income consisten
Slide 21: Noninterest Expense
21 3Q26 3Q26 vs 2Q26 3Q26 vs 3Q25 Salaries & Benefits $32.7 $— $0.5 Data Processing 5.1 (0.1) 0.1 Occupancy 4.0 (0.1) — FF&E 3.6 0.1 0.4 Other Taxes 2.2 0.4 0.1 Professional Services 1.4 0.1 0.2 Marketing 1.3 (0.6) 0.1 FDIC 1.1 — — Other 6.2 (0.9) (0.1) Noninterest Expense $57.6 ($1.1) $1.3 Noninter
Slide 22: Securities
22 Securities • Securities portfolio is 10% of total assets • 100% of securities portfolio is classified as available for sale • Average duration of 3.7 years • Net unrealized loss of $76.2 million related to securities portfolio SECURITIES MIX $984 Dollars in millions
Slide 23: Income Statement
Income Statement 3Q26 2025 2024 2023 2022 (Dollars in thousands, except per share data) YTD Net Interest Income $271,946 $350,096 $334,806 $349,410 $315,783 Noninterest Income 43,165 52,023 49,083 57,620 58,259 Total Revenue 315,111 402,119 383,889 407,030 374,042 Noninterest Expense 173,012 226,757
Slide 24: Financial Data: Balance Sheet
Financial Data 24 Balance Sheet 3Q26 2025 2024 2023 2022 (Dollars in thousands) Cash and Interest-bearing Deposits $192,223 $163,436 $244,820 $233,612 $210,009 Total Securities 984,444 987,659 987,591 970,391 1,002,778 Total Net Loans 7,961,341 7,979,789 7,641,464 7,545,528 7,082,645 Other Assets 75
Slide 25: Net Interest Margin
Net Interest Margin 3Q26 2025 2024 2023 2022 YTD Securities - FTE(1) 3.90% 3.74% 3.05% 2.61% 2.25% Loans - FTE(1) 5.90% 6.02% 6.24% 6.04% 4.50% Total Interest-earning Assets - FTE(1) 5.65% 5.74% 5.87% 5.64% 4.06% Interest-bearing Deposits 2.45% 2.70% 2.92% 1.92% 0.40% Borrowings 4.63% 4.94% 5.41% 5.
Slide 26: Financial Data: Loan Portfolio
Financial Data 26 Loan Portfolio 3Q26 2025 2024 2023 2022 (Dollars in thousands) Commercial Real Estate $3,550,690 $3,626,784 $3,388,017 $3,357,603 $3,128,187 Commercial and Industrial 1,538,964 1,519,336 1,540,397 1,642,106 1,718,976 Commercial Construction 449,889 380,091 352,886 363,284 399,371 T
Slide 27: Asset Quality
Asset Quality 3Q26 2025 2024 2023 2022 (Dollars in thousands) Total Nonaccrual Loans $36,454 $55,558 $27,937 $22,946 $19,052 Nonaccrual Loans/Total Loans 0.45% 0.69% 0.36% 0.30% 0.27% Nonperforming Assets/Total Loans + OREO 0.45% 0.69% 0.36% 0.30% 0.31% Net Loan Charge-offs/Average Loans(1) 0.08% 0.
Slide 28: Capital
Capital 3Q26 2025 2024 2023 2022 Tier 1 Leverage 11.79% 12.18% 11.98% 11.21% 11.06% Common Equity Tier 1 – Risk-Based Capital 14.02% 14.32% 14.58% 13.37% 12.81% Tier 1 – Risk-Based Capital 14.32% 14.62% 14.90% 13.69% 13.21% Total – Risk-Based Capital 15.89% 16.19% 16.49% 15.27% 14.73% Tangible Commo
Slide 29: Appendix: Peer Group
Appendix Peer Group 29 Company Ticker 1st Source Corporation SRCE Camden National Corp. CAC City Holding Company CHCO CNB Financial Corp. CCNE Community Bank System, Inc. CBU First Commonwealth Financial Corporation FCF First Financial Bancorp. FFBC First Merchants Corporation FRME German American B
Slide 30: Non-GAAP Reconciliation 3Q26
3Q26 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $153,153 Plus: amortization of intangibles (annualized), net of tax 564 Net income before amortization of intangibles (annualized) $153,717 Average total shareholders' equity $1,412,
Slide 31: Non-GAAP Reconciliation: TCE and Efficiency Ratio
3Q26 2Q26 1Q26 4Q25 3Q25 (Dollars in thousands) Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,407,334 $1,403,815 $1,430,681 $1,463,877 $1,475,466 Less: goodwill and other intangible assets, net of deferred tax liability (374,773) (374,915) (375,059) (375,202)
Slide 32: Non-GAAP Reconciliation: ROTE
3Q26 2025 2024 2023 2022 (Dollars in thousands) YTD Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $147,495 $134,230 $131,265 $144,781 $135,520 Plus: amortization of intangibles (annualized), net of tax 574 674 904 1,042 1,199 Net income before amortization
Slide 33: Non-GAAP Reconciliation: PPNR/Average Assets
3Q26 2025 2024 2023 2022 (Dollars in thousands) YTD PPNR/Average Assets (non-GAAP) Income before taxes $138,249 $167,940 $164,818 $178,804 $168,930 Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange (278) 2,295 4,446 — (198) Plus: provision for credit losses 3,850 7,422 133 17,8
Slide 34: Non-GAAP Reconciliation: Net Interest Margin
3Q26 2025 2024 2023 2022 (Dollars in thousands) YTD Interest and Dividend Income Interest-bearing deposits with banks $3,662 $5,311 $8,855 $7,344 $2,952 Securities 29,223 37,358 29,665 25,207 22,449 Loans 352,480 472,673 476,083 442,675 314,774 Other earning assets 779 1,148 1,269 2,675 576 Total In
Slide 35: Third Quarter 2026
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Third Quarter 2026