S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — Q3 2025 Earnings Presentation
37 slides from S&t Bancorp's earnings presentation, Nov 4, 2025
Slide 1: Third Quarter 2025
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Third Quarter 2025
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 • $9.8 billion in assets • $7.9 billion in deposits • $8.0 billion in loans • $1.4 billion market cap • Stock symbol: STBA Corporate Profile
Slide 4: Geographic Footprint
Geographic Footprint 4 Serving more than 130,000 households in Pennsylvania and Ohio Footprint comprises 9.6 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
Slide 5: Awards
Forbes America’s Best Midsize Employers S&T was honored as one of America’s Best Midsize Employers by Forbes and Statista in 2023 and 2024. This annual ranking is based on a survey of more that 170,000 U.S.-based workers at American companies that were asked to rate their employer. Awards Award-winn
Slide 6: Strategic Path
6 Strategic Path VALUES PURPOSE DRIVERS Our Shared Future represents a journey that began three years ago focused on building a foundation that enables profitable and sustainable growth.
Slide 7: Performance Drivers and Targets
Performance Drivers and Targets 7 Enterprise Risk Management Talent & Engagement Deposit Franchise Loans/Deposits below median Cost of Deposits below median Core Profitability PPNR/Avg Assets top quartile NIM above median Asset Quality NCO/Loans below median NPA/Loans & OREO below median Valuation P
Slide 8: Strategic Priorities
Strategic Priorities Positioned to execute on customer growth strategies to improve operating leverage Maintain peer median asset quality enabling a greater focus on growth Strategically positioned to capitalize on targeted M&A opportunities
Slide 9: Organic Growth
Loan Highlights • Commercial pipelines remain strong • Asset quality improvement allowing us to focus on growth Future Opportunities • Continue expanding our business and commercial banking teams and capabilities • Growth opportunities in C&I, CRE and Business Banking • Home equity emphasis due to l
Slide 10: Homer City Redevelopment Project
10 • Homer City Generating Station will be transformed to the new Homer City Energy Campus that will include natural gas- powered data centers to support AI and high-performance computing. • Capital investment of more than $10 billion for power generation, with data center development injecting bill
Slide 11: Mergers & Acquisitions
11 M&A Target Priorities • Existing or contiguous market expansion with institutions $1 - $6 billion in assets • Enhancement of deposit franchise • Access to growing markets • Alignment of cultures S&T Preparedness • Record levels of capital • Strong performer with solid return metrics • Infrastruct
Slide 12: Asset Quality
Asset Quality 12 0.23% 1.80% 2.92% (1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. *2Q25 Peer Data 1.32% 14.41% Maintain peer median asset quality enabling a greater focus on growth Asset Quality Highlights • Asset quality improvement positively impac
Slide 13: Third Quarter Overview
13 Third Quarter Overview RETURN METRICS EARNINGS Net Income $35.0 million EPS $0.91 ROA 1.42% ROE 9.48% ROTE* 12.81% PPNR* 1.89% HIGHLIGHTS • Strong earnings and return metrics • PPNR* increases 16 basis points to 1.89% • Net interest income growth of $2.6 million, or 3.00% • NIM (FTE)* expansion o
Slide 14: Performance
PPNR / AVERAGE ASSETS * 2021 2022 2023 2024 YTD 2025 0.0% 0.6% 1.2% 1.8% 2.4% RETURN ON AVERAGE TANGIBLE EQUITY * 2021 2022 2023 2024 YTD 2025 0.0% 5.0% 10.0% 15.0% 20.0% RETURN ON AVERAGE ASSETS 2021 2022 2023 2024 YTD 2025 0.0% 0.4% 0.8% 1.2% 1.6% RETURN ON AVERAGE EQUITY 2021 2022 2023 2024 YTD 2
Slide 15: Balance Sheet
15 Balance Sheet • Loan growth of $46.6 million (2.33% annualized) • Deposit balances stable • DDA represents 28% of total deposits Dollars in millions 3Q25 2Q25 Var $ 196 $ 203 $ (7) 1,001 1,021 (20) 7,981 7,934 47 7,922 7,921 1 235 250 (15) (100) (50) 0 50 100 Cash & Int Bear Bal Securities Loans
Slide 16: Loan Mix
Loan Mix Our loan portfolio is well-diversified: Dollars in millions 16 Amount % of Total CRE $3,654 46% Consumer $2,541 32% C&I 1,466 18% Construction 320 4% Total $7,981 100%
Slide 17: Deposit Mix
Deposit Mix We have a strong, well-diversified deposit base of more than 130,000 households: Dollars in millions 17 Amount % of Total MM $2,195 28% DDA 2,189 28% CDs 1,924 24% Savings 868 11% Int Bear DDA 746 9% Total $7,922 100% Amount % of Total Average Account Size (in $000) Average Age (in years
Slide 18: Funding Sources
18 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 70% of total deposits • Funding availability meets liquidity needs in both n
Slide 19: Asset Quality
19 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL decreased 1 basis point to 1.23% compared to 1.24% at June 30, 2025 • Net loan charge-offs of $2.4 million, or 0.12% of total loans • NPAs increased, but remain manageable at 0.62% of total loans plus OREO % o f A verage Lo a
Slide 20: Net Interest Income
20 Net Interest Income $84.5 $83.3 $83.3 $86.6 $89.2 3.82% 3.77% 3.81% 3.88% 3.93% 3.23% 3.26% 3.38% 3.48% 3.54% NII NIM (FTE)* Peer 3Q24 4Q24 1Q25 2Q25 3Q25 Total Cost of Funds 0.07% (0.11)% (0.12)% (0.03)% 2.31% 2.20% 2.08% 2.08% 2.05% Changes in Cost of Funds Cost of Funds 3Q24 4Q24 1Q25 2Q25 3Q2
Slide 21: Noninterest Income
21 Noninterest Income Dollars in millions 3Q25 3Q25 vs 2Q25 3Q25 vs 3Q24 Debit and Credit Card $4.7 $0.1 $— Service Charges 4.2 0.1 — Wealth Management 3.1 0.1 — Loss on Sale of Securities — — 2.2 Other 1.8 — (0.3) Noninterest Income $13.8 $0.3 $1.9 • Noninterest income consistent with 2Q $14.1 $13.
Slide 22: Noninterest Expense
22 3Q25 3Q25 vs 2Q25 3Q25 vs 3Q24 Salaries & Benefits $32.2 ($0.7) $0.9 Data Processing 4.9 — (0.1) Occupancy 4.0 — 0.2 FF&E 3.2 (0.1) (0.2) Other Taxes 2.1 — 0.2 Marketing 1.3 (0.2) (0.1) Professional Services 1.2 (0.5) — FDIC 1.1 — — Other 6.4 (0.2) 0.1 Noninterest Expense $56.4 ($1.7) $1.0 Nonint
Slide 23: Securities
23 Securities • Securities portfolio is only 10% of total assets • 100% of securities portfolio is classified as available for sale • Average duration of 3.7 years • AOCI of $38.8 million related to securities portfolio SECURITIES MIX $1,001.1 Dollars in millions
Slide 24: Capital
24 Capital Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures TCE / TA*• We have strong capital levels and are well positioned for growth • TCE / TA* higher from prior quarter due to lower AOCI and strong earnings • $50 million share
Slide 25: Income Statement
Income Statement 3Q25 2024 2023 2022 2021 (Dollars in thousands, except per share data) YTD Net Interest Income $259,136 $334,806 $349,410 $315,783 $276,112 Noninterest Income 37,692 49,083 57,620 58,259 64,696 Total Revenue 296,828 383,889 407,030 374,042 340,808 Noninterest Expense 169,581 218,938
Slide 26: Financial Data: Balance Sheet
Financial Data 26 Balance Sheet 3Q25 2024 2023 2022 2021 (Dollars in thousands) Cash and Interest-bearing Deposits $196,228 $244,820 $233,612 $210,009 $922,215 Total Securities 1,001,149 987,591 970,391 1,002,778 910,793 Total Net Loans 7,882,852 7,641,464 7,545,528 7,082,645 6,902,936 Other Assets
Slide 27: Net Interest Margin
Net Interest Margin 3Q25 2024 2023 2022 2021 YTD Securities - FTE(1) 3.73% 3.05% 2.61% 2.25% 2.18% Loans - FTE(1) 6.02% 6.24% 6.04% 4.50% 3.84% Total Interest-earning Assets - FTE(1) 5.75% 5.87% 5.64% 4.06% 3.37% Interest-bearing Deposits 2.75% 2.92% 1.92% 0.40% 0.20% Borrowings 5.01% 5.41% 5.59% 3.
Slide 28: Financial Data: Loan Portfolio
Financial Data 28 Loan Portfolio 3Q25 2024 2023 2022 2021 (Dollars in thousands) Commercial Real Estate $3,653,790 $3,388,017 $3,357,603 $3,128,187 $3,236,653 Commercial and Industrial 1,466,075 1,540,397 1,642,106 1,718,976 1,728,969 Commercial Construction 320,190 352,886 363,284 399,371 440,962 T
Slide 29: Asset Quality
Asset Quality 3Q25 2024 2023 2022 2021 (Dollars in thousands) Total Nonaccrual Loans $49,618 $27,937 $22,946 $19,052 $66,291 Nonaccrual Loans/Total Loans 0.62% 0.36% 0.30% 0.27% 0.95% Nonperforming Assets/Total Loans + OREO 0.62% 0.36% 0.30% 0.31% 1.13% Net Charge-offs/Average Loans(1) 0.06% 0.11% 0
Slide 30: Capital
Capital 3Q25 2024 2023 2022 2021 Tier 1 Leverage 12.33% 11.98% 11.21% 11.06% 9.74% Common Equity Tier 1 – Risk-Based Capital 14.75% 14.58% 13.37% 12.81% 12.03% Tier 1 – Risk-Based Capital 15.06% 14.90% 13.69% 13.21% 12.43% Total – Risk-Based Capital 16.63% 16.49% 15.27% 14.73% 13.79% Tangible Common
Slide 31: Appendix Peer Group
Appendix Peer Group 31 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 32: Non-GAAP Reconciliation: ROTE and PPNR 3Q25
3Q25 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $138,708 Plus: amortization of intangibles (annualized), net of tax 649 Net income before amortization of intangibles (annualized) $139,357 Average total shareholders' equity $1,463,
Slide 33: Non-GAAP Reconciliation: TCE/Tangible Assets
3Q25 2Q25 1Q25 4Q24 3Q24 (Dollars in thousands) Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,475,466 $1,445,493 $1,418,034 $1,380,294 $1,375,754 Less: goodwill and other intangible assets, net of deferred tax liability (375,359) (375,522) (375,646) (375,837)
Slide 34: Non-GAAP Reconciliation: ROTE
3Q25 2024 2023 2022 2021 (Dollars in thousands) YTD Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income(1) $134,051 $131,265 $144,781 $135,520 $110,343 Plus: amortization of intangibles, net of tax(1) 690 904 1,042 1,199 1,400 Net income before amortization of intangibles(1)
Slide 35: Non-GAAP Reconciliation: PPNR/Average Assets
3Q25 2024 2023 2022 2021 (Dollars in thousands) YTD PPNR/Average Assets (Non-GAAP) Income before taxes $125,521 $164,818 $178,804 $168,930 $135,668 Less: net losses (gains) on sale of securities 2,295 7,938 — (198) (29) Less: gain on Visa Class B-1 exchange — (3,492) — — — Plus: provision for credit
Slide 36: Non-GAAP Reconciliation: Net Interest Margin
3Q25 2024 2023 2022 2021 (Dollars in thousands) YTD Interest and Dividend Income Interest-bearing deposits with banks $4,183 $8,855 $7,344 $2,952 $973 Securities 28,008 29,665 25,207 22,449 17,432 Loans 352,322 476,083 442,675 314,774 270,460 Other earning assets 864 1,269 2,675 576 397 Total Intere
Slide 37: Christopher J. McComish and Mark Kochvar
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer Third Quarter 2025