Attached files
| file | filename |
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| EX-99.2 - EXHIBIT 99.2 - S&T BANCORP INC | stba1q18investorpresr165.htm |
| 8-K - 8-K - S&T BANCORP INC | form8-k1q18investor.htm |
Profile: Key Statistics: S&T Bancorp, Inc. is a $7.0 billion (Data as of 03.31.18) financial holding company headquartered in Indiana, PA, located about 55 miles Total Assets (in $ millions) $7,005 Stock Price $39.94 northeast of Pittsburgh, PA. Common BV/Share $25.58 Market Cap (in $ billions) $1.4 Founded in 1902 with a single location in Tangible BV/Share (Non-GAAP) $17.30 Dividend Yield (annualized) 2.20% Indiana, PA, S&T Bancorp, Inc. has expanded to five regional markets Price/Earnings (LTM) 17.2 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 S&T Operates in individuals and businesses in PA and 5 Regional Markets 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 (Data as of 03.31.18) (2) (2) $ in millions MSAs Locations Deposits Loans southwestern PA. Pittsburgh November 1, 2016 Southwestern PA(1) Altoona 50 $3,854 $2,906 S&T Bank branch relocates to expanded Johnstown facility in northeast OH. Lancaster Central PA Harrisburg 8 680 834 March 23, 2015 York S&T Bank loan production office opens Other PA 117 394 to service western NY. Total PA 4,651 4,134 Akron March 4, 2015 Northeast OH 1 39 308 Cleveland S&T Bancorp merges with Integrity Central OH Columbus 1 27 299 Bancshares in central PA, adding Other OH 16 172 8 offices, $789 million in loans, and $722 Total OH 82 779 million in deposits. Rochester Western NY 1 10 383 January 21, 2014 Buffalo Other NY 16 160 S&T Bank loan production office opens Total NY 26 543 to service central OH. Other States 628 278 Total Other States 628 278 Total $5,387 $5,734 (1) Includes Pittsburgh, Altoona & Johnstown MSAs and Indiana, Clearfield & Jefferson Counties (2) Based on customer residence
Senior Management: Financial Highlights: Todd D. Brice President and Chief Executive Officer Excludes 1Q18 2017 DTA(3) 2016 2015 Mark Kochvar Net Income (in $ thousands) $26,163 $72,968 $86,401 $71,392 $67,081 Senior Executive Vice President, Chief Financial Officer Diluted Earnings per Share $0.75 $2.09 $2.47 $2.05 $1.98 Dividends Declared per Share $0.22 $0.82 $0.77 $0.73 David G. Antolik Senior Executive Vice President, Chief Lending Officer Total Assets (in $ millions) $7,005 $7,060 $6,943 $6,318 David P. Ruddock Total Loans (in $ millions) $5,734 $5,766 $5,615 $5,063 Senior Executive Vice President, Total Deposits (in $ millions) $5,387 $5,428 $5,272 $4,877 Chief Operating Officer Rebecca A. Stapleton Return on Average Assets* 1.51 % 1.03% 1.22% 1.08% 1.13% Senior Executive Vice President, Return on Average Equity* 11.92 % 8.37% 9.90% 8.67% 8.94% Chief Banking Officer Return on Tangible Equity *(Non-GAAP) 17.83 % 12.77% 15.08% 13.71% 14.39% Investor Relations Contact: Net Interest Margin (FTE)*(Non-GAAP) 3.59 % 3.56% 3.47% 3.56% Mark Kochvar S&T Bancorp, Inc. Nonperforming Assets/ Loans + OREO 0.42 % 0.42% 0.77% 0.71% 800 Philadelphia Street Indiana, PA 15701 Allowance for Loan Losses/ Total Loans 1.03 % 0.98% 0.94% 0.96% 724.465.4826 Net Loan Charge-offs / Average Loans * (0.01)% 0.18% 0.25% 0.22% mark.kochvar@stbank.com For more information visit Risk-based Capital - Total 12.85 % 12.55% 11.86% 11.60% stbancorp.com or stbank.com. Tangible Common Equity/ Tangible Common stock traded on the NASDAQ Assets (Non-GAAP) 9.02 % 8.72% 8.23% 8.24% under the symbol STBA * Annualized for quarterly data Analyst Coverage: The following analysts published research Total Annualized Shareholder Return about S&T Bancorp, Inc. in 2018. Includes reinvested dividends Boenning & Scattergood (Data as of 03.31.18) Matthew Schultheis • 610.832.5290 1 YR 3 YR 5 YR 10 YR mschultheis@boenninginc.com Keefe, Bruyette & Woods STBA 18.09% 14.90% 19.63% 5.25% Collyn Gilbert • 973.549.4092 collyn.gilbert@kbw.com S&P 600 Bank 9.15% 17.03% 16.70% 6.18% Piper Jaffray NASDAQ Bank 10.74% 17.13% 16.57% 7.10% Matthew Breese • 617.654.0728 matthew.m.breese@pjc.com S&P 500 14.06% 10.77% 13.28% 9.48% Raymond James Source: Bloomberg Daniel Cardenas • 312.655.2986 daniel.cardenas@raymondjames.com (3)These are non-GAAP numbers that adjust for the ffects 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.