Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - S&T BANCORP INC | d449725d8k.htm |
| EX-99.1 - INVESTOR PRESENTATION - S&T BANCORP INC | d449725dex991.htm |
Exhibit 99.2
S&T Bancorp, Inc. is a $4.4 billion financial holding company headquartered in Indiana, PA, located about 55 miles northeast of Pittsburgh, PA.
Founded in 1902 with a single location in Indiana, PA, S&T Bancorp, Inc. has grown to 59 branch offices that provide a full range of financial services to individuals and businesses in Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, Washington and Westmoreland counties.
S&T has always maintained a sincere interest in both it’s customers and the success of the local community. This interest has helped S&T meet its customers’ needs with quality banking services as well as foster the economic vitality of its communities.
Strategy:
4 lines of business:
Commercial Banking
Retail Banking
Wealth Management
Insurance
Growth:
Disciplined mergers and acquisitions
Selective Denovo and LPO
Organic
Recent Mergers and Acquisitions:
August 13, 2012
S&T Bank acquired Gateway Bank of PA adding 2 offices in Cranberry Township and McMurray. Gateway had approximately $99 million in loans and $105 million in deposits.
March 9, 2012
S&T Bank acquired Mainline Bancorp adding 8 offices in Blair and Cambria County. Mainline Bancorp had approximately $130 million in loans and $206 million in deposits.
Key Statistics:
(Data as of 09.30.12)
Total Assets (in $ millions)
$4,422
Common BV/Share
$17.97
Tangible BV/Share
$11.86
(Data as of 11.30.12)
Stock Price
$16.97
Market Cap (in $ millions)
$505
Dividend Yield
3.54%
Price/Earnings (LTM)
14.4
59 Branches in 11 Western Pennsylvania Counties
Total Shareholder Return
Includes reinvested dividends except
(Data as of 09.30.12)
1 YR
3 YR
5 YR
10 YR
STBA
12.5%
13.9%
-8.2%
-0.1%
NASDAQ Bank
39.2%
7.1%
-6.7%
0.9%
KRX-Dow Jones KBW Regional Bank
48.3%
13.2%
-6.2%
-1.0%*
S&P 500
30.3%
14.4%
1.1%
8.0%
Source: Bloomberg
Senior Management:
Todd D. Brice
President and Chief Executive Officer
Edward C. Hauck
Senior Executive Vice President, Chief Operating Officer
Mark Kochvar
Senior Executive Vice President, Chief Financial Officer
David G. Antolik
Senior Executive Vice President, Chief Lending Officer
Investor Relations Contact:
Mark Kochvar
S&T Bancorp, Inc.,
800 Philadelphia Street
Indiana, PA 15701
724.465.4826
mark.kochvar@stbank.net
For more information visit stbancorp.com.
Common stock traded on the NASDAQ
under the symbol STBA
Analyst Coverage:
The following analysts published research about S&T Bancorp, Inc. in 2012.
Boenning & Scattergood Matt Schultheis • 610.832.5290 mschultheis@boenninginc.com
Guggenheim Partners David Darst • 615.208.1224 david.darst@guggenheimpartners.com
Keefe, Bruyette & Woods Damon Delmonte • 860.722.5908 ddelmonte@kbw.com
RBC Capital Markets
Gerard Cassidy • 207.780.1554
gerard.cassidy@rbccm.com
Sterne Agee
Matthew Breese • 207.699.5800
mbreese@sterneagee.com
Stifel Nicolaus
Collyn Gilbert • 973.549.4092
collyn.gilbert@stifel.com
Financial Highlights:
| 3Q12 |
2Q12 |
3Q11 |
||||||||||
| Net Income (in $ thousands) |
$ |
12,595 |
|
$ |
8,600 |
|
$ |
12,244 |
| |||
| Diluted earnings per Common Share |
$ |
0.43 |
|
$ |
0.30 |
|
$ |
0.44 |
| |||
| Dividends Declared per Common Share |
$ |
0.15 |
|
$ |
0.15 |
|
$ |
0.15 |
| |||
| Total Assets (in $ millions) |
$ |
4,422 |
|
$ |
4,347 |
|
$ |
4,092 |
| |||
| Total Loans (in $ millions) |
$ |
3,282 |
|
$ |
3,198 |
|
$ |
3,136 |
| |||
| Total Deposits (in $ millions) |
$ |
3,594 |
|
$ |
3,518 |
|
$ |
3,271 |
| |||
| Common Return on Average Assets |
|
1.15 |
% |
|
0.80 |
% |
|
1.20 |
% | |||
| Common Return on Average Equity |
|
9.56 |
% |
|
6.80 |
% |
|
8.12 |
% | |||
| Net Interest Margin (FTe) |
|
3.50 |
% |
|
3.57 |
% |
|
3.76 |
% | |||
| Nonperforming Assets/Loans + OREO |
|
2.06 |
% |
|
2.25 |
% |
|
2.08 |
% | |||
| Allowance for Loan Losses/Total Loans |
|
1.41 |
% |
|
1.46 |
% |
|
1.64 |
% | |||
| Risk-based Capital - Total |
|
15.45 |
% |
|
15.33 |
% |
|
18.51 |
% | |||
| Tangible Common equity/Tangible Assets |
|
8.32 |
% |
|
7.99 |
% |
|
8.30 |
% | |||
Our Reputation Speaks for Itself
Bancography Brand Value Index
S&T recognized as one of the country’s strongest bank brands in our category in all of
Western Pennsylvania.
AARP
S&T voted one of the best employers for workers over 50 years old.
FHLBank of Pittsburgh
S&T honored twice with the Pillars of the Community Award.
S&T Customer Satisfaction Survey
92% of S&T Bank customers say they are highly satisfied with our service.
This document may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially from the results discussed in these statements. These risks are detailed in the company’s latest form 10-Q and 10-K filed with the Securities and Exchange Commission.
This document also contains or references, certain non-GAAP financial measures, such as net interest margin (FTE). Although S&T believes that these measures enhance investors’ understanding of S&T’s business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP, and should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the respective Quarterly Reports on Forms 10-Q for S&T Bancorp, Inc. and subsidiaries.