Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - S&T BANCORP INC | stba4q17investorpresnewr.htm |
| 8-K - 8-K - S&T BANCORP INC | stba-4q2017investorpresx8k.htm |
Profile:
S&T Bancorp, Inc. is a $7.1 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
expanded to five regional markets
including Southwestern PA (Pittsburgh),
Central PA (Harrisburg), Northeast OH
(Akron), Central OH (Columbus) and
Western NY (Rochester). S&T provides a
full range of financial services to
individuals and businesses in PA and
northeast OH and has loan production
offices in central OH and western NY.
Investment Thesis:
• Above peer performance
• Demonstrated expense discipline
and efficiency
• Organic growth
• Strategic and effective mergers
and expansion
• Stable regional markets with long
term oil and gas benefit
• Sound asset quality
Recent Mergers and Expansions:
November 16, 2016
S&T Bank loan production office opens
on North Shore Pittsburgh in
southwestern PA.
November 1, 2016
S&T Bank branch relocates to expanded
facility in northeast OH.
March 23, 2015
S&T Bank loan production office opens
to service western NY.
March 4, 2015
S&T Bancorp merges with Integrity
Bancshares in central PA, adding
8 offices, $789 million in loans, and $722
million in deposits.
January 21, 2014
S&T Bank loan production office opens
to service central OH.
Total Assets (in $ millions) $7,060
Common BV/Share $25.28
Tangible BV/Share (Non-GAAP) $16.87
Key Statistics:
(Data as of 12.31.17)
Stock Price $39.81
Market Cap (in $ billions) $1.4
Dividend Yield (annualized) 2.21%
Price/Earnings (LTM) 19.0
Price/Earnings (LTM) -
Excludes DTA re-measurement*
16.1
S&T Operates in
5 Regional Markets
$ in millions MSAs Locations Deposits(2) % Loans(2) %
Southwestern PA(1)
Pittsburgh
50 $3,849 70.9% $2,975 51.6%Altoona
Johnstown
Central PA
Lancaster
8 696 12.8% 838 14.5%Harrisburg
York
Other PA 123 2.3% 380 6.6%
Total PA 4,668 86.0% 4,193 72.7%
Northeast OH
Akron
1 42 0.7% 314 5.4%
Cleveland
Central OH Columbus 1 31 0.6% 291 5.0%
Other OH 15 0.3% 159 2.8%
Total OH 88 1.6% 764 13.2%
Western NY
Rochester
1 14 0.2% 373 6.5%
Buffalo
Other NY 19 0.4% 172 3.0%
Total NY 33 0.6% 545 9.5%
Total Other States 639 11.8% 264 4.6%
Total $5,428 100.0% $5,766 100.0%
(1) Includes Pittsburgh, Altoona & Johnstown MSAs and Indiana, Clearfield & Jefferson Counties
(2) Based on customer residence
Senior Management:
Todd D. Brice
President and Chief Executive Officer
Mark Kochvar
Senior Executive Vice President,
Chief Financial Officer
David G. Antolik
Senior Executive Vice President,
Chief Lending Officer
David P. Ruddock
Senior Executive Vice President,
Chief Operating Officer
Rebecca A. Stapleton
Senior Executive Vice President,
Chief Banking Officer
Investor Relations Contact:
Mark Kochvar
S&T Bancorp, Inc.
800 Philadelphia Street
Indiana, PA 15701
724.465.4826
mark.kochvar@stbank.com
For more information visit
stbancorp.com or stbank.com.
Common stock traded on the NASDAQ
under the symbol STBA
Analyst Coverage:
The following analysts published research
about S&T Bancorp, Inc. in 2018.
Boenning & Scattergood
Matthew Schultheis • 610.832.5290
mschultheis@boenninginc.com
Keefe, Bruyette & Woods
Collyn Gilbert • 973.549.4092
collyn.gilbert@kbw.com
Piper Jaffray
Matthew Breese • 617.654.0728
matthew.m.breese@pjc.com
Raymond James
Daniel Cardenas • 312.655.2986
daniel.cardenas@raymondjames.com
2017 ExcludesDTA* 2016 2015 2014
Net Income (in $ thousands) $72,968 $86,401 $71,392 $67,081 $57,910
Diluted Earnings per Share $2.09 $2.47 $2.05 $1.98 $1.95
Dividends Declared per Share $0.82 $0.77 $0.73 $0.68
Total Assets (in $ millions) $7,060 $6,943 $6,318 $4,965
Total Loans (in $ millions) $5,766 $5,615 $5,063 $3,872
Total Deposits (in $ millions) $5,428 $5,272 $4,877 $3,909
Return on Average Assets 1.03% 1.22 % 1.08% 1.13% 1.22%
Return on Average Equity 8.37% 9.90 % 8.67% 8.94% 9.71%
Return on Tangible Equity (Non-GAAP) 12.77% 15.08 % 13.71% 14.39% 14.02%
Net Interest Margin (FTE)(Non-GAAP) 3.56% 3.47% 3.56% 3.50%
Nonperforming Assets/ Loans + OREO 0.42% 0.77% 0.71% 0.33%
Allowance for Loan Losses/ Total Loans 0.98% 0.94% 0.96% 1.24%
Net Loan Charge-offs / Average Loans 0.18% 0.25% 0.22% 0.00%
Risk-based Capital - Total 12.55% 11.86% 11.60% 14.27%
Tangible Common Equity/ Tangible
Assets (Non-GAAP) 8.72% 8.23% 8.24% 9.00%
Financial Highlights:
*These are non-GAAP numbers that adjust for the effects of a one-time, non-cash re-measurement of $13.4 million of our deferred tax asset in 2017.
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-
K filed with the Securities and Exchange Commission and any subsequently filed reports containing updates to these risks. Any such forward-looking statement or other
information herein speaks only as of the particular dates referenced or the date such information or statement is made, and S&T undertakes no obligation to update any
such information.
This document also contains or references, certain non-GAAP financial measures. 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.
Total Annualized Shareholder Return
Includes reinvested dividends
(Data as of 12.31.17)
1 YR 3 YR 5 YR 10 YR
STBA 4.23% 12.88% 20.21% 6.86%
NASDAQ Bank 5.47% 16.56% 18.67% 6.48%
KRX-Dow Jones KBW Regional Bank 1.82% 14.49% 17.68% 6.34%
S&P 500 21.89% 11.40% 15.77% 8.48%
Source: Bloomberg