S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2023 Earnings Presentation
12 slides from S&t Bancorp's earnings presentation, Oct 19, 2023
Slide 1: Third Quarter 2023 Earnings Supplement
Third Quarter 2023 Earnings Supplement
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: Third Quarter Overview
3 Third Quarter Overview RETURNS EARNINGS *Refer to appendix for reconciliation of non-GAAP financial measures EPS $0.87 Net Income $33.5 million ROA 1.42% ROE 10.84% ROTE* 15.78% PPNR* 1.99% HIGHLIGHTS • Strong earnings and solid return metrics • NIM remains strong at 4.09%; a decline of 13 basis p
Slide 4: Balance Sheet
Balance Sheet • Loans increased $196.3 million, or 10.6% annualized, since June 30, 2023 • Deposits stable with mix shifts moderating • Added $75 million of brokered CDs Dollars in millions 4 3Q23 2Q23 Var $238 $228 $10 955 970 (15) 7,516 7,320 196 7,223 7,141 82 Cash & Int Bear Bal Securities Loans
Slide 5: Asset Quality
Asset Quality ACL Trend: Dollars in millions 5 ASSET QUALITY TRENDS • ACL stable at 1.44% • Net charge-offs of $3.7 million, or 0.20% of average loans (annualized) • NPAs decreased $1.6 million to 0.22% of total loans plus OREO
Slide 6: Net Interest Income
• NIM remains strong at 4.09%; a decline of 13 basis points from 2Q23 • NIM has increased 97 basis points through this interest rate cycle • Quarterly net interest income has improved $19.0 million, or 27.8%, since the fourth quarter of 2021 Net Interest Income Dollars in millions; *Refer to appendi
Slide 7: Noninterest Income
3Q23 3Q23 vs 2Q23 3Q23 vs 3Q22 Debit and Credit Card $4.7 $0.0 ($0.1) Service Charges 4.1 0.2 (0.3) Wealth 3.0 (0.2) (0.2) Mortgage 0.3 0.0 (0.1) Security Gain 0.0 0.0 (0.2) Other 0.1 (2.0) (1.7) Noninterest Income $12.2 ($2.0) ($2.6) Noninterest Income 7Dollars in millions • Decrease in other mainl
Slide 8: Noninterest Expense
3Q23 3Q23 vs 2Q23 3Q23 vs 3Q22 Salaries & Benefits $27.5 $2.1 $0.8 Data Processing 4.5 0.3 0.3 Occupancy 3.7 — 0.2 FF&E 3.1 (0.1) 0.2 Professional Services 2.0 (0.1) 0.1 Other Taxes 1.8 0.5 0.3 Marketing 1.7 0.3 0.4 FDIC 1.0 — 0.4 Other 7.5 0.2 0.5 Noninterest Expense $52.8 $3.2 $3.2 Noninterest Exp
Slide 9: Capital
Capital Dollars in millions; *Refer to appendix for reconciliation of non-GAAP financial measures 9 TCE / TA* • We have strong capital levels and are well positioned for growth • TCE / TA is relatively stable despite AOCI adjustments
Slide 10: Non-GAAP Reconciliation: ROTE and PPNR
3Q23 Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $132,779 Plus: amortization of intangibles (annualized), net of tax 1,034 Net income before amortization of intangibles (annualized) $133,813 Average total shareholders' equity $1,224,905 Less: average goo
Slide 11: Non-GAAP Reconciliation: TCE/TA and Efficiency Ratio
3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 4Q21 Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,223,532 $1,212,853 $1,227,795 $1,184,659 $1,153,181 Less: goodwill and other intangible assets, net of deferred tax liability (376,883) (377,144) (377,405) (377,673) (377,961
Slide 12: Third Quarter 2023 Earnings Supplement
Third Quarter 2023 Earnings Supplement