Exhibit 99.2
Profile:
S&T Bancorp, Inc. is a $4.5 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 56 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:
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Disciplined mergers and acquisitions |
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Selective Denovo and LPO |
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:
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| (Data as of 06.30.13) |
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(Data as of 06.30.13) |
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| Total Assets (in $ millions) |
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$4,529 |
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Stock Price |
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$ |
19.60 |
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| Common BV/Share |
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$18.39 |
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Market Cap (in $ millions) |
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$ |
583 |
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| Tangible BV/Share |
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$12.33 |
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Dividend Yield |
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3.06 |
% |
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Price/Earnings (LTM) |
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12.0 |
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56 Branches in 11 Western Pennsylvania Counties
Total Annualized Shareholder Return
Includes reinvested dividends except *
(Data as of 06.30.13)
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1 YR |
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3 YR |
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5 YR |
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10 YR |
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| STBA |
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9.75 |
% |
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2.88 |
% |
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-4.51 |
% |
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-0.21 |
% |
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| NASDAQ Bank |
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27.00 |
% |
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12.79 |
% |
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4.55 |
% |
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1.38 |
% |
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| KRX-Dow Jones KBW Regional Bank |
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20.89 |
% |
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14.98 |
% |
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7.11 |
% |
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-0.34 |
%* |
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| S&P 500 |
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20.76 |
% |
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18.88 |
% |
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7.35 |
% |
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7.37 |
% |
Source: Bloomberg
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MEMBER FDIC |
Senior Management:
Todd D. Brice
President and Chief Executive Officer
Mark Kochvar
Senior Executive Vice
President,
Chief Financial Officer
David P. Ruddock
Senior Executive Vice
President,
Chief Operating 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 2013.
Boenning & Scattergood
Matthew Schultheis — 610.832.5290
mschultheis@boenninginc.com
Guggenheim
Partners
David Darst — 615.208.1224
david.darst@guggenheimpartners.com
Keefe, Bruyette & Woods
Collyn Gilbert — 973.549.4092
collyn.gilbert@kbw.com
RBC Capital Markets
Jake Civiello — 617.725.2152
jake.civiello@rbccm.com
Sterne Agee
Matthew Breese — 207.699.5800
mbreese@sterneagee.com
Financial Highlights:
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2Q13 |
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1Q13 |
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2Q12 |
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| Net Income (in $ thousands) |
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$ |
14,103 |
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$ |
12,330 |
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$ |
8,660 |
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| Diluted Earnings per Share |
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$ |
0.47 |
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$ |
0.41 |
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$ |
0.30 |
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| Dividends Declared per Share |
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$ |
0.15 |
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$ |
0.15 |
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$ |
0.15 |
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| Total Assets (in $ millions) |
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$ |
4,529 |
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$ |
4,480 |
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$ |
4,347 |
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| Total Loans (in $ millions) |
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$ |
3,446 |
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$ |
3,385 |
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$ |
3,198 |
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| Total Deposits (in $ millions) |
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$ |
3,649 |
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$ |
3,446 |
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$ |
3,198 |
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| Return on Average Assets |
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1.26 |
% |
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1.12 |
% |
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0.80 |
% |
| Return on Average Equity |
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10.36 |
% |
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9.25 |
% |
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6.80 |
% |
| Net Interest Margin (FTe) |
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3.51 |
% |
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3.49 |
% |
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3.57 |
% |
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| Nonperforming Assets/Loans + OREO |
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1.11 |
% |
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1.39 |
% |
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2.25 |
% |
| Allowance for Loan Losses/Total Loans |
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1.34 |
% |
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1.36 |
% |
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1.46 |
% |
| Net Loan Charge-offs (annualized) / Average Loans |
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0.10 |
% |
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0.34 |
% |
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1.02 |
% |
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| Risk-based Capital - Total |
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14.30 |
% |
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15.60 |
% |
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15.33 |
% |
| Tangible Common Equity/Tangible Assets |
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8.43 |
% |
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8.46 |
% |
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7.99 |
% |
Our Reputation Speaks for Itself…
S&T voted one of the best employers for workers over 50 years old.
S&T honored twice with the Pillars of the Community Award.
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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.
