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| 8-K - 8-K - S&T BANCORP INC | form8-k3q18investorhandout.htm |
Profile: Key Statistics: (Data as of 09.30.18) S&T Bancorp, Inc. is a $7.1 billion financial holding company headquartered in Indiana, PA, located about 55 miles Total Assets (in $ millions) $7,105 Stock Price $43.36 northeast of Pittsburgh, PA. Common BV/Share $26.27 Market Cap (in $ billions) $1.5 Founded in 1902 with a single location in Tangible BV/Share (Non-GAAP) $18.00 Dividend Yield (annualized) 2.31% Indiana, PA, S&T Bancorp, Inc. has expanded to five regional markets Price/Earnings (LTM) 17.3 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 09.30.18) (2) (2) southwestern PA. $ in millions MSAs Locations Deposits Loans November 1, 2016 Pittsburgh (1) S&T Bank branch relocates to expanded Southwestern PA Altoona 50 $3,864 $2,863 facility in northeast OH. Johnstown Lancaster March 23, 2015 Central PA Harrisburg 7 665 828 S&T Bank loan production office opens York to service western NY. Other PA 118 388 Total PA 4,647 4,079 March 4, 2015 Akron Northeast OH 1 40 348 S&T Bancorp merges with Integrity Cleveland Bancshares in central PA, adding Central OH Columbus 1 33 322 8 offices, $789 million in loans, and $722 Other OH 19 192 million in deposits. Total OH 92 862 Rochester Western NY 1 11 385 January 21, 2014 Buffalo S&T Bank loan production office opens Other NY 12 145 to service central OH. Total NY 23 530 Total Other States 705 341 Total $5,467 $5,812 (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 3Q18 2Q18 1Q18 2017 DTA(3) 2016 Mark Kochvar Senior Executive Vice President, Net Income (in $ thousands) $30,881 $21,436 $26,163 $72,968 $86,401 $71,392 Chief Financial Officer Diluted Earnings per Share $0.88 $0.61 $0.75 $2.09 $2.47 $2.05 David G. Antolik Dividends Declared per Share $0.25 $0.25 $0.22 $0.82 $0.77 Senior Executive Vice President, Chief Lending Officer David P. Ruddock Total Assets (in $ millions) $7,105 $7,097 $7,005 $7,060 $6,943 Senior Executive Vice President, Total Loans (in $ millions) $5,812 $5,790 $5,734 $5,766 $5,615 Chief Operating Officer Total Deposits (in $ millions) $5,467 $5,394 $5,387 $5,428 $5,272 Rebecca A. Stapleton Senior Executive Vice President, Chief Banking Officer Return on Average Assets* 1.75% 1.22% 1.51 % 1.03% 1.22% 1.08% Investor Relations Contact: Return on Average Equity* 13.41% 9.52% 11.92 % 8.37% 9.90% 8.67% Mark Kochvar Return on Tangible Equity *(Non-GAAP) 19.73% 14.14% 17.83 % 12.77% 15.08% 13.71% S&T Bancorp, Inc. Net Interest Margin (FTE)*(Non-GAAP) 3.67% 3.64% 3.59 % 3.56% 3.47% 800 Philadelphia Street Indiana, PA 15701 724.465.4826 Nonperforming Assets/ Loans + OREO 0.41% 0.42% 0.42 % 0.42% 0.77% mark.kochvar@stbank.com Allowance for Loan Losses/ Total Loans 1.04% 1.05% 1.03 % 0.98% 0.94% For more information visit stbancorp.com or stbank.com. Net Loan Charge-offs / Average Loans * 0.03% 0.55% (0.01)% 0.18% 0.25% Common stock traded on the NASDAQ under the symbol STBA Risk-based Capital - Total 13.27% 13.04% 12.85 % 12.55% 11.86% Tangible Common Equity/ Tangible Assets Analyst Coverage: (Non-GAAP) 9.25% 9.07% 9.02 % 8.72% 8.23% The following analysts published research * Annualized for quarterly data about S&T Bancorp, Inc. in 2018. Boenning & Scattergood Matthew Schultheis • 610.832.5290 mschultheis@boenninginc.com Total Annualized Shareholder Return DA Davidson Includes reinvested dividends Russell Gunther • 212.223.5403 (Data as of 09.30.18) rgunther@dadco.com 1 YR 3 YR 5 YR 10 YR Keefe, Bruyette & Woods Collyn Gilbert • 973.549.4092 STBA 12.06% 12.70% 15.25% 4.61% collyn.gilbert@kbw.com Piper Jaffray S&P 600 Bank 7.23% 15.60% 14.75% 7.00% Matthew Breese • 617.654.0728 matthew.m.breese@pjc.com NASDAQ Bank 5.30% 15.74% 13.97% 7.54% Raymond James Daniel Cardenas • 312.655.2986 S&P 500 17.95% 17.32% 13.95% 11.96% 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.