S&t Bancorp, Inc. · NASDAQ:STBA
S&t Bancorp — FY2015 Earnings Presentation
31 slides from S&t Bancorp's earnings presentation, Feb 16, 2016
Slide 1: Full Year 2015
Full Year 2015 Exhibit 99.2
Slide 2: Forward Looking Statement and Risk Factor
Forward Looking Statement and Risk Factor This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements regarding trend
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP), S&T management uses and this presentation contains or references certain non-GAAP financial measures, such as net interest income on a fully taxable equi
Slide 4: Corporate Profile
Sait Bancorpix. Corporate Profile © Headquartered in Indiana, PA Rochester © $6.3 billion in assets (as of 12.31.15) © $1.07 billion market cap. (as of 12.31.15) Bank holding company with 64 offices and 5 insurance locations © Stock symbol: STBA Akron * Named Sandler O'Neill Sm-Alll Star in 2013, 20
Slide 5: Performance Summary
Performance Summary *Refer to appendix for reconciliation of Non-GAAP financial measures
Slide 6: STBA Investment Thesis
STBA Investment Thesis Above peer performance Strategic and effective mergers and expansion Demonstrated expense discipline and efficiency Organic growth Sound asset quality Stable regional economies with long-term oil and gas benefit
Slide 7: Performance: Return on Average Assets
Performance Sai Bancorpix. Return on Average Assets 1.4% 1.22% 1.2% 1.12% 113% 1.0% 0.79% 0.8% 0.6% 0.4% 0.2% 0.0% 2012 2013 2014 2015
Slide 8: Performance: Return on Average Equity
Performance Sai Bancorpix. Return on Average Equity 12.5% 10.0% ES 74% es sore 7.5% 6.62% 5.0% 2.5% 0.0% 2012 2013 2014 2015 'BHCPR Peer i YTD peer ratio used for 2015) 8
Slide 9: Performance: Return on Average Tangible Equity
Performance Sai Bancorpix. Return on Average Tangible Equity 16.0% 14.39% 3.949 14.02% 14.0% 13.94% 12.0% 10.35% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2012 2013 2014 2015 *SNL Billion of YTD peer ratio used for 2015) 9
Slide 10: Mergers and expansion
Mainline National Bank acquired - March 9, 2012 Northeast Ohio Loan Production Office opened – August 27, 2012 Gateway Bank acquired August 13, 2012 Western NY LPO opened – March 23, 2015 Integrity Bank acquired March 4, 2015 Central Ohio LPO opened – January 21, 2014 S&T Bank branch opens in State
Slide 11: Expenses: Non Interest Expense / Average Assets
Expenses Sai Bancorp. Non Interest Expense / Average Assets 3.5% 3.0% 2.83% 2.61% 25% 2.46% 2.30% 2.0% 1.5% 1.0% 0.5% 0.0% 2012 2013 2014 2015 *BHCPR Peer Group 2: tember YTD peer ratio used for 2015)
Slide 12: Expenses: Efficiency Ratio
Expenses Sai Bancorp. Efficiency Ratio 70% 65.15% 65% y 60.03% 60% 58.67% 55.86% 55% 50% 45% 40% 2012 2013 2014 2015 *BHCPR i i il YTD peer ratio used for 2015) 12
Slide 13: Market Opportunity
Market Opportunity MSA 2016 Population (in thousands) 2016-2021 % Change Median HH Income (in thousands) Locations Deposits (in millions) Deposit Market Share % Loans (in millions) Pittsburgh, PA 2,353 0.14% 55 27 $1,846 1.6% $1,949 Indiana, PA1 87 (0.97)% 47 10 $1,399 58.3% $391 Jefferson-Clarion,
Slide 14: Asset Quality: Non Performing Loans / Total Loans
Asset quality Sai Bancorp. Non Performing Loans / Total Loans 2.0% 1.63% 1.5% Peer* 1.0% 0.63% 0.61% 0.5% 0.32% 0.0% 2012 2013 2014 2015 *BHCPR Peer Group 2: peer used for 2015)
Slide 15: Asset Quality: Net Charge Offs / Average Loans
Asset quality 0.78% 0.25% 0.00% 0.22% Peer* 0.0% 0.2% 0.4% 0.6% 0.8% 2012 2013 2014 2015 *BHCPR Peer Group 2: Bank Holding Companies with $3 - 10 Billion of Assets (September YTD peer ratio used for 2015) Net Charge Offs / Average Loans
Slide 16: Stable regional economies with long-term oil & gas benefit
Stable regional economies with long-term oil & gas benefit Regional economy
Slide 17: Loan Mix
Loan Mix As of 12.31.15 Home Equity 471 40% Mortgage/Construction 646 54% Other 74 6% CRE 2,167 56% C&I 1,257 33% Construction 413 11%
Slide 18: Rate Sensitivity
Rate Sensitivity As of 12.31.15 Loans & Securities Floating Rate 2,144 37% ARM/Future Reset 1,474 25% Fixed Rate 2,171 38% Total 5,789 100% Deposits & Borrowings Floating Rate/Short Wholesale Liabilities 975 18% Non-Maturity Variable Deposits 2,033 37% Non-Interest Bearing DDA 1,228 22% Fixed Rate 1
Slide 19: Senior Management
Senior Management Name Title Years in Banking Years with S&T Todd D. Brice President & CEO 30 30 Mark Kochvar Chief Financial Officer 29 23 David G. Antolik Chief Lending Officer 27 25 Ernest J. Draganza Chief Risk Officer 29 24 Patrick J. Haberfield Chief Credit Officer 28 5 David P. Ruddock Chief
Slide 20: Continuous Improvement
Continuous Improvement Multi-Faceted Growth Profit Improvement Operational Effectiveness Culture Customer Experience Risk Management 3 mergers since 2012 3 new LPOs in 3 years State College branch opened in 2014 McCandless, PA branch opened in 2015 Akron, OH branch opened in 2015 Platinum banking Cl
Slide 21: Stock Performance
Stock Performance 1 YR 3YR 5YR 10YR STBA 5.99% 22.73% 9.51% 1.45% NASDAQ Bank 8.84% 17.40% 11.43% 1.61% KRX-Dow Jones KBW Regional Bank 5.99% 16.81% 11.34% 1.01% S&P 500 1.37% 15.11% 12.54% 7.29% Institutional Ownership 47.19% Insider Ownership 2.81% Employee 401K 1.76% Source: Bloomberg Source: NAS
Slide 22: Lines of Business
Lines of Business Commercial Banking 48 commercial bankers 18 business bankers Privately held companies with sales up to $150 million Regional team based approach to credit delivery Dedicated small business (B2B) delivery channel Retail Banking Competitive, relationship driven Robust suite of deposi
Slide 23: The Right Size
The Right Size Big enough to: Provide full complement of products and services Access technology Access capital markets Attract talent Expand – mergers and acquisitions/de novo Small enough to: Stay close to our customers Understand our markets Be responsive
Slide 24: Income Statement
Income Statement Dollars in thousands, except per share data
Slide 25: Balance Sheet
Balance Sheet Dollars in thousands
Slide 26: Loan Portfolio
Loan Portfolio Dollars in thousands
Slide 27: Asset Quality
Asset Quality Dollars in thousands
Slide 28: Capital
Capital *Refer to appendix for reconciliation of Non-GAAP financial measures
Slide 29: APPENDIX – Non-GAAP Measures
APPENDIX – Non-GAAP Measures
Slide 30: APPENDIX – Non-GAAP Measures
APPENDIX – Non-GAAP Measures
Slide 31: Full Year 2015
Full Year 2015