S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2013 Earnings Presentation
21 slides from S&t Bancorp's earnings presentation, Nov 4, 2013
Slide 1: Third Quarter 2013
Exhibit 99.1 Third Quarter 2013
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: Company overview
+ + t FF HF * Headquartered in Indiana, PA $4.6 billion in assets (as of 9.30.13) Institutional ownership: 40% Insider ownership: 4% $720 million market cap. (as of 9.30.13) Stock price: $24.22 (as of 9.30.13) Bank holding company with 55 offices and 5 insurance locations Northeast Ohio loan product
Slide 4: Common Return on Assets vs peers
* Peer banks per 2013 proxy statement ** QTD annualized Common Return on Assets PA Banks Peer Bank Median* STBA BHC $3-10B - 0.5% 0.0% 0.5% 1.0% 1.5% 2.0% - 0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2Q 2013**
Slide 5: Common Return on Equity
Common Return on Equity * Peer banks per 2013 proxy statement ** QTD annualized Peer Bank Median* STBA BHC $3-10 B PA Banks -5% 0% 5% 10% 15% 20% -5% 0% 5% 10% 15% 20% 2Q2013**
Slide 6: 4 Lines of Business
Retail Banking Commercial Banking Wealth Management Insurance 4 Lines of Business
Slide 7: Quarterly Summary
Quarterly Summary Third Quarter Second Quarter Third Quarter Net Income $12.2 $14.1 $12.6 Diluted Earnings per Share $0.41 $0.47 $0.43 Return on Average Assets * 1.07% 1.26% 1.15% Return on Average Shareholders Equity * 8.86% 10.36% 9.56% Dollars in millions, except per share data * QTD annualized
Slide 8: Income Statement
Income Statement Dollars in millions, except per share data Third Quarter Second Quarter Third Quarter Net Interest Income $35.2 $34.6 $33.8 Noninterest Income 12.5 12.9 14.7 Total Revenue 47.7 47.5 48.5 Noninterest Expense (27.9) (28.4) (31.0) Provision for Loan Losses (3.4) (1.0) (2.3) Net Income
Slide 9: Balance Sheet
Balance Sheet Dollars in millions September 30, June 30, September 30, Securities $ 488 $ 480 $ 415 Interest-bearing Balances Loans, Net 3,467 3,400 3,236 Other Total Assets $4,588 $4,529 $4,422 Deposits $3,694 $3,649 $3,594 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,588 $4,52
Slide 10: Loan Portfolio
Loan Portfolio Dollars in millions September 30, June 30, September 30, Consumer Residential Mortgage $ 477 $ 463 $ 410 Home Equity Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,568 1,501 1,439 Commercial & Industrial Construction Total Commercial 2,5
Slide 11: Asset Quality
Asset Quality * QTD annualized September 30, June 30, September 30, Nonaccrual Loans / Total Loans 1.04% 1.10% 2.01% Nonperforming Assets / Total Loans Plus OREO 1.05 1.11 2.06 Net Charge-offs / Average Loans* 0.18 0.10 0.33 Allowance for Loan Losses/ Total Loans 1.37 1.34 1.41 Allowance for Loan Lo
Slide 12: Nonperforming Loans
Nonperforming Loans Nonperforming Loans (NPL) are loans where collection of interest or principal is doubtful or generally when interest or principal payments are 90 days or more past due. Dollars in millions 54.1 1.18 30.1 Total Commercial 14.4 6.36 9.7 Construction 6.9 0.47 3.9 Commercial & Indust
Slide 13: Net Interest Margin
Net Interest Margin Third Quarter Second Quarter Third Quarter Securities – FTE* 2.58% 2.58% 2.89% Interest Bearing Deposits 0.27 0.28 0.28 Loans – FTE* 4.16 4.28 4.52 Total Earning Assets-FTE * 3.82 3.89 4.00 Deposits 0.40 0.44 0.59 Borrowings 0.91 1.65 1.92 Total Costing Liabilities 0.44 0.54 0.70
Slide 14: Noninterest Income
Noninterest Income Dollars in millions Third Quarter Second Quarter Third Quarter Debit and Credit Card Fees $ 2.8 $ 3.2 $ 3.0 Service Charges on Deposit Accounts 2.8 2.5 2.6 Wealth Management Fees 2.7 2.8 2.4 Insurance Fees 1.7 1.6 1.7 Mortgage Banking 0.3 0.9 0.8 Other 2.2 1.9 2.1 Total $12.5 $12.
Slide 15: Securities
Securities September 30, June 30, September 30, Agencies $237 $233 $192 Agency CMO Agency Residential MBS Agency Commercial MBS - Municipals Equities Total $488 $480 $415 All securities are classified as available-for sale Dollars in millions
Slide 16: Deposits
Deposits Dollars in millions September 30, June 30, September 30, Noninterest-bearing Demand $ 974 $ 948 $ 928 Interest-bearing Demand Money Market Savings 1,039 1,004 Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,694 $3,649 $3,594
Slide 17: Capital Ratios
Capital Ratios September 30, June 30, September 30, Well- Capitalized Leverage 9.61% 9.54% 9.27% 5.00% Tier 1 – Risk-Based Capital 12.26 12.28 12.01 6.00 Total – Risk-Based Capital 14.27 14.30 15.45 10.00 Tangible Common Equity / Tangible Assets * 8.52 8.43 8.32 NA * Refer to appendix for reconcilia
Slide 18: Growth – Merger & Acquisition Activity
Growth – Merger & Acquisition Activity • 2012 - Gateway Bank of Pennsylvania $ 126 • 2012 - Mainline Bancorp • 2008 - IBT Bancorp • 2002 - Peoples Financial Corp • 1998 - Branch Purchase from Mellon • 1997 - Peoples Bank of Unity • 1991 - Atlantic Financial Savings Bank • 1991 - Vanguard Savings Ban
Slide 19: Marcellus Shale Distribution
Marcellus Shale Distribution
Slide 20: APPENDIX – Non-GAAP Measures
Third Quarter Second Quarter Third Quarter Securities 2.18% 2.19% 2.44% Adjustment to Fully Taxable-equivalent Basis 0.40 0.39 0.45 Securities Adjusted to Fully Taxable-equivalent Basis 2.58 2.58 2.89 Loans 4.08 4.20 4.44 Adjustment to Fully Taxable-equivalent Basis 0.08 0.08 0.08 Loans Adjusted to
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