S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q2 2013 Earnings Presentation
23 slides from S&t Bancorp's earnings presentation, Jul 30, 2013
Slide 1: Second Quarter 2013
Second Quarter 2013 Exhibit 99.1
Slide 2: 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, Inc.
Si Bancorp. Inc Headquartered in Indiana, PA $4.5 billion in assets (as of 6.30.13) Institutional ownership: 41% Pesburgh Insider ownership: 4% $583 million market cap. (as of 6.30.13) Stock price: $19.60 (as of 6.30.13) + + t+ tH HF Bank holding company with 56 offices and 5 insurance locations %*
Slide 4: Common Return on Assets
* Peer banks per 2013 proxy statement ** QTD annualized Common Return on Assets 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% 1Q 2013** 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% BHC $3-10B PA Banks Peer Bank Median* STBA
Slide 5: Common Return on Equity
Common Return on Equity * Peer banks per 2013 proxy statement ** QTD annualized 20% 15% 10% 5% 0% -5% 1Q 2013** 20% 15% 10% 5% 0% -5% BHC $3-10 B PA Banks Peer Bank Median* STBA
Slide 6: 4 Lines of Business
Commercial Banking Retail Banking Wealth Management Insurance 4 Lines of Business
Slide 7: Quarterly Summary
Quarterly Summary Second Quarter First Quarter Second Quarter Net Income $14.1 $12.3 $8.6 Diluted Earnings per Share $0.47 $0.41 $0.30 Return on Average Assets * 1.26% 1.12% 0.80% Return on Average Shareholders Equity 10.36% 9.25% 6.80% Dollars in millions, except per share data * Annualized *
Slide 8: Income Statement
Income Statement Dollars in millions, except per share data * Refer to appendix for reconciliation of Non-GAAP financial measures Second Quarter First Quarter Second Quarter Net Interest Income – FTE * $35.8 $34.8 $34.9 Noninterest Income 12.9 11.7 12.5 Total Revenue 48.7 46.5 47.4 Noninterest Expen
Slide 9: Balance Sheet
Balance Sheet Dollars in millions June 30, March 31, June 30, Securities $ 480 $ 469 $ 369 Interest Bearing Balances Loans, Net 3,400 3,339 3,151 Other Total assets $4,529 $4,480 $4,347 Deposits $3,649 $3,639 $3,518 Borrowings Other Liabilities Equity Total Liabilities & Equity $4,529 $4,480 $4,347
Slide 10: Loan Portfolio
Loan Portfolio Dollars in millions June 30, March 31, June 30, Consumer Residential Mortgage $ 463 $ 443 $ 399 Home Equity Installment and Other Consumer Construction Total Consumer Commercial Commercial Real Estate 1,501 1,480 1,402 Commercial & Industrial Construction Total Commercial 2,495 2,451
Slide 11: Asset Quality
Asset Quality June 30, March 31, June 30, Nonaccrual Loans / Total Loans 1.10% 1.37% 2.16% Nonperforming Assets / Total Loans Plus OREO 1.11 1.39 2.25 Net Charge-offs / Average Loans* 0.10 0.34 1.02 Loan Loss Reserve / Total Loans 1.34 1.36 1.46 Loan Loss Reserve / Nonaccrual Loans * QTD annualized
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 56.3 1.23 30.7 Total Commercial 13.6 2.86 4.8 Construction 6.8 0.63 5.2 Commercial & Indust
Slide 13: Net Interest Margin
Net Interest Margin Second Quarter First Quarter Second Quarter Securities – FTE* 2.58% 2.65% 3.15% Interest Bearing Deposits 0.28 0.23 0.22 Loans – FTE* 4.28 4.32 4.67 Total Earning Assets-FTE 3.89 3.91 4.14 Deposits 0.44 0.49 0.68 Borrowings 1.65 1.61 1.75 Total Costing Liabilities 0.54 0.58 0.77
Slide 14: Noninterest Income
Noninterest Income Dollars in millions Second Quarter First Quarter Second Quarter Debit and Credit Card $ 3.2 $ 2.5 $ 2.8 Wealth Management 2.8 2.6 2.6 Service Charges on Deposit Accounts 2.5 2.4 2.4 Insurance 1.6 1.8 1.5 Mortgage Banking 0.9 0.5 0.7 Gain on Sale of Merchant Card Servicing Business
Slide 15: Securities
Securities June 30, March 31, June 30, Agencies $233 $231 $173 Agency CMO Agency Residential MBS Agency Commercial MBS - Municipals Equities Total $480 $469 $369 All securities are classified as available-for sale Dollars in millions
Slide 16: Deposits
Deposits Dollars in millions June 30, March 31, June 30, Noninterest-bearing Demand $ 948 $ 951 $ 887 Interest-bearing Demand Money Market Savings 1,004 Certificates of Deposit < $100K Certificates Of Deposit > $100K Total $3,649 $3,639 $3,518
Slide 17: Capital Ratios
Capital Ratios June 30, March 31, June 30, Well- Capitalized Leverage 9.54% 9.42% 8.94% 5.00% Tier 1 – Risk-Based Capital 12.28 12.20 11.82 6.00 Total – Risk-Based Capital 14.30 15.60 15.33 10.00 Tangible Common Equity / Tangible Assets * 8.43 8.46 7.99 NA * Refer to appendix for reconciliation of N
Slide 18: Growth – Merger & Acquisition Activity
Growth – Merger & Acquisition Activity • 2012 - Gateway Bank of Pennsylvania $ 105 • 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
Second Quarter First Quarter Second Quarter Interest Income per Consolidated Statements of Income $38.6 $37.8 $39.4 Adjustment to Fully Taxable-equivalent Basis 1.2 1.2 1.1 Interest Income Adjusted to Fully Taxable-equivalent Basis 39.8 39.0 40.5 Interest Expense per Consolidated Statements of Incom
Slide 21: APPENDIX – Non-GAAP Measures (cont.)
Second Quarter First Quarter Second Quarter Securities 2.19% 2.27% 2.67% Adjustment to Fully Taxable-equivalent Basis 0.39 0.38 0.48 Securities Adjusted to Fully Taxable-equivalent Basis 2.58 2.65 3.15 Loans 4.20 4.23 4.58 Adjustment to Fully Taxable-equivalent Basis 0.08 0.09 0.08 Loans Adjusted to
Slide 22: APPENDIX – Non-GAAP Measures (cont.)
June 30, March 31, June 30, Tangible Common Equity/Tangible Assets Shareholders’ Equity/Assets (GAAP Basis) 12.08% 12.16% 11.74% Effect of Excluding Intangible Assets (3.65%) (3.70%) (3.75%) Tangible Common Equity/Tangible Assets 8.43% 8.46% 7.99% APPENDIX – Non-GAAP Measures /cont./
Slide 23: faye He
faye He re ait OBB % 46.28% tart, i Sei Bancorp, Inc