S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q4 2020 Earnings Presentation
14 slides from S&t Bancorp's earnings presentation, Jan 28, 2021
Slide 1: Fourth Quarter 2020 Earnings Supplement
Fourth Quarter 2020 Earnings Supplement MEMBER FDIC
Slide 2: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlo
Slide 3: Fourth Quarter 2020 Highlights
Fourth Quarter 2020 Highlights EPS: $ 0.62 • PTPP* 1.61%, $37.0 million • NIM improvement due to forgiveness of PPP loans Net Income: $24.2 million • Mortgage banking • Stable ACL • Dividend of $0.28 declared Returns: ROA ROE ROTE 1.05% 8.35% 12.71% Asset ACL NCO Provision Quality: 1.63% 0.61% $7.1
Slide 4: Key Metrics
Fourth Quarter 2020 Key Metrics 2020 2020 2019 Fourth Third Fourth Quarter Quarter Quarter Reported Metrics: Net income $24.2 million $16.7 million $22.3 million Diluted earnings per share $0.62 $0.43 $0.62 Dividends declared per share $0.28 $0.28 $0.28 Book value $29.38 $29.10 $30.13 Tangible book
Slide 5: SBA PPP
Fourth Quarter 2020 SBA PPP 25% of our round 1 PPP loans have been forgiven and we are participating in round 2: Date Balance % Forgiven September 30, 2020 $550 December 31, 2020 465 15% January 22, 2021 412 25% PPP loans impacted selected ratios as below: Excluding Including Impact Ratio PPP PPP Ne
Slide 6: Loan Modifications
Fourth Quarter 2020 Loan Modifications We continue to see declines in customers requiring needs-based payment deferrals and modifications to interest only periods. Modifications have been reduced to 3% of loans. June 30, 2020 September 30, 2020 December 31, 2020 Loan Type Total Mod Mod Total Mod Mod
Slide 7: Hotels
Fourth Quarter 2020 Hotels The COVID-19 pandemic is negatively impacting the hospitality industry and our hotel portfolio: Internal Total Total Average Average Risk Rating Balance Number Size LTV Pass $6 11 $1 30% Special Mention 125 18 7 60% Substandard(1) 60 10 6 72% Non-Accrual(2) 57 18 3 73% Tot
Slide 8: Allowance for Credit Losses
Fourth Quarter 2020 Allowance for Credit Losses After adopting CECL in 2020, we have prudently built our ACL in response to the pandemic, its impact on our customers, and the changing economic outlook: $ in millions Portfolio Changes: Includes balance changes, internal risk rating changes, and net c
Slide 9: Net Interest Income
Fourth Quarter 2020 Net Interest Income We are asset sensitive but have experienced core NIM stabilization: • Our ex-PPP NIM declined 1bp from Q3 to Q4 • PPP loans contributed $4.9 million to our NII and 0.03% to our NIM in Q4 • We have improved our funding mix by reducing our higher-costing deposit
Slide 10: Capital
Fourth Quarter 2020 Capital We are well-capitalized and have sufficient excess capital: Key points: • Our Total Capital Ratio improved 0.26% compared to September 30, 2020. • The Leverage Ratio and TCE / TA are impacted by PPP. The ex-PPP Leverage Ratio is 10.02% and TCE / TA is 9.53%. • We are taki
Slide 11: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Fourth Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2020 2020 2019 Fourth Third Fourth Quarter Quarter Quarter (1) Tangible Book Value (non-GAAP) Total shareholders' equity $1,154,711 $1,142,115 $1,191,998 Less: goodwill and other intangible assets, ne
Slide 12: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Fourth Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2020 2020 2019 Fourth Third Fourth Quarter Quarter Quarter (4) Efficiency Ratio (non-GAAP) Noninterest expense $48,528 $48,246 $50,178 Less: merger related expenses — — (10,179) Noninterest expense ex
Slide 13: Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures
Fourth Quarter 2020 Appendix Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2020 2020 2019 Fourth Third Fourth Quarter Quarter Quarter (6) Net Interest Margin Rate (FTE) (non-GAAP) Interest income $75,548 $76,848 $82,457 Less: interest expense (5,619) (7,572) (18,045) Net int
Slide 14: Fourth Quarter 2020 Earnings Supplement
Fourth Quarter 2020 Earnings Supplement MEMBER FDIC