Attached files
| file | filename |
|---|---|
| EX-99.2 - EX-99.2 - S&T BANCORP INC | a4q20investorpresentatio.htm |
| 8-K - 8-K - S&T BANCORP INC | stba-20210209.htm |
Profile: S&T Bancorp, Inc. is a $9.0 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 markets including Western PA, Eastern PA, Northeast OH, Central OH and Upstate NY. S&T provides a full range of financial services to individuals and businesses in PA and OH and has a loan production office in Upstate NY. Investment Thesis: • Demonstrated expense discipline and efficiency • Organic growth • Strategic and effective mergers and expansion • Exposure to five regional markets • The right size Total Assets (in $ millions) $8,968 Common BV/Share $29.38 Tangible BV/Share $19.71 (non-GAAP) Key Statistics: (Data as of 12.31.20) Stock Price $24.84 Market Cap (in $ millions) $976 Dividend Yield (annualized) 4.51 % S&T Operates in Five Markets Recent Mergers and Expansions: November 30, 2019 Eastern PA DNB Bank acquired August 13, 2018 Northeast OH LPO opens in Independence OH November 4, 2019 Eastern PA LPO opens in Greater Berks, PA October 31, 2016 Western PA LPO opens in Pittsburgh, PA May 29, 2019 (LPO 2015) Upstate NY LPO opens in Buffalo, NY December 21, 2015 (LPO 2012) Northeast OH Branch opens in Akron, OH April 22, 2019 Northeast OH Branch opens in Cuyahoga Falls, OH March 4, 2015 Eastern PA Integrity Bank acquired March 4, 2019 (LPO 2014) Central OH Branch opens in Hillard, OH Rated highest in customer satisfaction with retail banking in the Mid-Atlantic Region. S&T Bank received the highest score in the Mid-Atlantic Region of the J.D. Power 2020 U.S. Retail Banking Satisfaction Study of customers' satisfaction with their own retail bank. Visit jdpower.com/awards.
Senior Management: Todd D. Brice Chief Executive Officer David G. Antolik President Mark Kochvar Chief Financial 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 2020. Boenning & Scattergood Joseph Plevelich • 610.862.5328 jplevelich@boenninginc.com DA Davidson Russell Gunther • 212.223.5403 rgunther@dadco.com Raymond James William J. Wallace IV • 301.657.1548 william.wallace@raymondjames.com Stephens Matt Breese • 401.658.1114 matt.breese@stephens.com Financial Highlights: 2020 2020 Excludes Fraud (1) 2019 2019 Excludes Merger Expenses (2) 2018 Net Income (in thousands) $21,040 $67,390 $98,234 $107,478 $105,334 Diluted Earnings per Share $0.53 $1.72 $2.82 $3.09 $3.01 Dividends Declared per Share $1.12 $1.09 $0.99 Total Assets (in millions) $8,968 $8,765 $7,252 Total Loans (in millions) $7,244 $7,142 $5,949 Total Deposits (in millions) $7,421 $7,037 $5,674 Return on Average Assets(3) 0.23% 0.74% 1.32% 1.45% 1.50% Return on Average Equity(3) 1.80% 5.76% 9.98% 10.92% 11.60% Return on Tangible Equity(3)(non-GAAP) 2.92% 8.80% 14.41% 15.76% 17.14% Net Interest Margin (FTE) (non-GAAP) 3.38% 3.64% 3.64% Nonperforming Assets/ Loans + OREO 2.06% 0.81% 0.83% Allowance for Credit Losses/ Total Portfolio Loans 1.63% 0.87% 1.03% Net Loan Charge-offs/Average Loans(3) 1.40% 0.60% 0.22% 0.18% Risk-based Capital - Total 13.44% 13.22% 13.21% Tangible Common Equity/ Tangible Assets (non-GAAP)(3) 9.02% 9.68% 9.28% 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 in Exhibit 99.1 of Form 8-K for S&T Bancorp, Inc. and subsidiaries. Total Annualized Shareholder Return Includes reinvested dividends (Data as of 12.31.20) 1 YR 3 YR 5 YR 10 YR STBA (35.32) % (11.67) % (1.32) % 3.95 % S&P 600 Bank (10.76) % (0.57) % 7.33 % 10.29 % NASDAQ Bank (7.48) % (1.20) % 7.00 % 9.20 % S&P 500 18.33 % 14.13 % 15.19 % 13.86 % Source: Bloomberg (1) These are non-GAAP numbers that are adjusted for a pre-tax loss of $58.7 million resulting from customer fraud related to a check kiting scheme that was discovered during the three months ended June 30, 2020 (2) These are non-GAAP numbers that adjust for $11.4 million of merger related expenses in 2019. (3) Annualized