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| 8-K - 8-K - S&T BANCORP INC | form8-k2q18investor.htm |
Profile: Key Statistics: S&T Bancorp, Inc. is a $7.1 billion (Data as of 06.30.18) financial holding company headquartered in Indiana, PA, located about 55 miles Total Assets (in $ millions) $7,097 Stock Price $43.24 northeast of Pittsburgh, PA. Common BV/Share $25.91 Market Cap (in $ billions) $1.5 Founded in 1902 with a single location in Tangible BV/Share (Non-GAAP) $17.63 Dividend Yield (annualized) 2.31% Indiana, PA, S&T Bancorp, Inc. has expanded to five regional markets Price/Earnings (LTM) 19.0 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 06.30.18) (2) (2) $ in millions MSAs Locations Deposits Loans southwestern PA. Pittsburgh November 1, 2016 Southwestern PA(1) Altoona 50 $3,843 $2,892 S&T Bank branch relocates to expanded Johnstown facility in northeast OH. Lancaster Central PA Harrisburg 8 657 834 March 23, 2015 York S&T Bank loan production office opens Other PA 108 393 to service western NY. Total PA 4,608 4,119 Akron March 4, 2015 Northeast OH 1 41 334 Cleveland S&T Bancorp merges with Integrity Central OH Columbus 1 30 299 Bancshares in central PA, adding Other OH 18 186 8 offices, $789 million in loans, and $722 Total OH 89 819 million in deposits. Rochester Western NY 1 9 378 January 21, 2014 Buffalo Other NY 18 145 S&T Bank loan production office opens Total NY 27 523 to service central OH. Other States 670 329 Total Other States 670 329 Total $5,394 $5,790 (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 2Q18 1Q18 2017 DTA(3) 2016 Mark Kochvar Net Income (in $ thousands) $21,436 $26,163 $72,968 $86,401 $71,392 Senior Executive Vice President, Chief Financial Officer Diluted Earnings per Share $0.61 $0.75 $2.09 $2.47 $2.05 Dividends Declared per Share $0.25 $0.22 $0.82 $0.77 David G. Antolik Senior Executive Vice President, Chief Lending Officer Total Assets (in $ millions) $7,097 $7,005 $7,060 $6,943 David P. Ruddock Total Loans (in $ millions) $5,790 $5,734 $5,766 $5,615 Senior Executive Vice President, Total Deposits (in $ millions) $5,394 $5,387 $5,428 $5,272 Chief Operating Officer Rebecca A. Stapleton Return on Average Assets* 1.22% 1.51 % 1.03% 1.22% 1.08% Senior Executive Vice President, Return on Average Equity* 9.52% 11.92 % 8.37% 9.90% 8.67% Chief Banking Officer Return on Tangible Equity *(Non-GAAP) 14.14% 17.83 % 12.77% 15.08% 13.71% Investor Relations Contact: Net Interest Margin (FTE)*(Non-GAAP) 3.64% 3.59 % 3.56% 3.47% Mark Kochvar S&T Bancorp, Inc. Nonperforming Assets/ Loans + OREO 0.42% 0.42 % 0.42% 0.77% 800 Philadelphia Street Indiana, PA 15701 Allowance for Loan Losses/ Total Loans 1.05% 1.03 % 0.98% 0.94% 724.465.4826 Net Loan Charge-offs / Average Loans * 0.55% (0.01)% 0.18% 0.25% mark.kochvar@stbank.com For more information visit Risk-based Capital - Total 13.04% 12.85 % 12.55% 11.86% stbancorp.com or stbank.com. Tangible Common Equity/ Tangible Common stock traded on the NASDAQ Assets (Non-GAAP) 9.07% 9.02 % 8.72% 8.23% under the symbol STBA * Annualized for quarterly data Analyst Coverage: The following analysts published research about S&T Bancorp, Inc. in 2018. Total Annualized Shareholder Return Boenning & Scattergood Includes reinvested dividends (Data as of 06.30.18) Matthew Schultheis • 610.832.5290 mschultheis@boenninginc.com 1 YR 3 YR 5 YR 10 YR Keefe, Bruyette & Woods Collyn Gilbert • 973.549.4092 STBA 23.34% 16.31% 20.15% 7.12% collyn.gilbert@kbw.com S&P 600 Bank 13.66% 14.65% 16.22% 10.32% Piper Jaffray Matthew Breese • 617.654.0728 NASDAQ Bank 12.20% 15.03% 15.60% 9.62% matthew.m.breese@pjc.com S P 500 14.41% 11.92% 13.40% 10.16% Raymond James & Daniel Cardenas • 312.655.2986 daniel.cardenas@raymondjames.com Source: Bloomberg (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.