S&T BANCORP INC - FORM 8-K - EX-99.1 - INVESTOR PRESENTATION - August 24, 2012

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8-K - FORM 8-K - S&T BANCORP INCd401992d8k.htm
Second Quarter 2012
Exhibit 99.1

Todd Brice
President and
Chief Executive Officer
Mark Kochvar
Sr. EVP and
Chief Financial Officer

3
Forward Looking Statement
and Risk Factor
•
This presentation contains certain forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Forward-
looking statements include, among others, statements regarding trends, strategies, plans, beliefs,
intentions, expectations, goals and opportunities.  Forward looking statements are typically
identified by words or phrases such as believe, expect, anticipate, intend, estimate, assume,
strategy, plan, outlook, outcome, continue, remain, trend and variations of such words and similar
expressions,
or
future
or
conditional
verbs
such
as
will,
would,
should,
could,
may
or
similar
expressions.  Actual results and performance could differ materially from those anticipated by
these forward-looking statements.  Factors that could cause such a difference include, but are not
limited to, general economic conditions, changes in interest rates, deposit flows, loan demand,
asset quality, including real estate and other collateral values, and competition.
•
S&T cautions that these forward-looking statements are subject to numerous assumptions, risks
and uncertainties, which change over time.  These forward-looking statements speak only as of
the date hereof, and S&T assumes no duty to update forward-looking statements.  Subsequent
written
or
oral
statements
attributable
to
S&T
or
persons
acting
on
its
behalf
are
expressly
qualified in their entirety by the cautionary statements contained herein and those in S&T’s reports
previously and subsequently filed with the Securities and Exchange Commission.

4
Non-GAAP Financial Measures
•
In
addition
to
the
results
of
operations
presented
in
accordance
with
Generally
Accepted
Accounting Principles (GAAP), S&T management uses and this presentation contains or
references, certain non-GAAP financial measures, such as net interest income on a fully taxable
equivalent basis, that S&T believes provide information useful to investors in understanding our
underlying operational performance and our business and performance trends as they facilitate
comparisons with the performance of others in the financial services industry.  Although S&T
believes
that
these
non-GAAP
financial
measures
enhance
investors’
understanding
of
S&T’s
business and performance, these non-GAAP financial measures should not be considered an
alternative to GAAP.  The non-GAAP financial measures contained therein 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.

5
S&T Bancorp Corporate Profile

6
Merger Overview
S&T Bancorp, Inc.
Mainline Bancorp, Inc.
Gateway Bank of PA
Total Assets
$4,120.0
$235.8
$120.3
Gross Loans
3,132.6
133.7
101.5
Total Deposits
3,335.9
205.9
96.9
Total Equity
490.5
22.1
15.2
Book Value Per Share
17.44
56.65
8.84
Tangible Book Value Per
Share
11.36
56.35
8.84
Total Branches
49
8
2
Date as of 12/31/11
In millions, except per share data

7
Common Return on Assets
*
2012 peer banks per 2012 proxy statement
**
YTD June 30, 2012, Annualized
**
STBA
PA Banks
Peer Bank Median
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
0.9%
1.0%
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
0.9%
1.0%
2009
2010
2011
2012
Peer Bank Median
STBA
PA Banks

8
Common Return on Equity
*
2012 peer banks per 2012 proxy statement
**
YTD June 30, 2012, Annualized
STBA
PA Banks
**
Peer Bank Median
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
2009
2010
2011
2012
STBA
PA Banks
Peer Bank Median

9
Quarterly Summary
2012
2012
2011
Second
Quarter
First
Quarter
Second
Quarter
Net Income Available to Common
Shareholders
$8.6
$3.5
$13.4
Diluted Earnings per Common Share
$0.30
$0.12
$0.48
Common
Return
on
Average
Assets
*
0.80%
0.34%
1.31%
Common
Return
on
Average
Equity
*
6.80%
2.82%
9.15%
Dollars in millions, except per share data
*
Annualized

10
Income Statement
Dollars in millions, except per share data
*
Refer to appendix for reconciliation of Non-GAAP financial measures
2012
2012
2011
Second
Quarter
First
Quarter
Second
Quarter
Net Interest Income –
FTE
*
$34.9
$34.5
$35.6
Noninterest Income
12.5
12.2
11.2
Total Revenue
47.4
46.7
46.8
Noninterest Expense
(29.3)
(32.7)
(25.6)
Security Gains (Losses)
-
0.8
(0.1)
Provision for Loan Losses
(7.0)
(9.3)
(1.1)
Net Income Before Taxes
11.1
5.5
20.0
Taxes
(2.5)
(2.0)
(5.0)
Preferred Stock Dividends/Amortization
-
-
(1.6)
Net Income Available to Common 
Shareholders
$ 8.6
$3.5
$13.4
Diluted Earnings per Common Share
$ 0.30
$0.12
$  0.48

11
Balance Sheet
Dollars in millions
June 30,
2012
March 31,
2012
June 30,
2011
Securities
$   387
$   383
$   358
Interest Bearing Balances
343
333
115
Loans, Net
3,151
3,154
3,145
Other
466
461
440
Total Assets
$4,347
$4,331
$4,058
Deposits
$3,518
$3,522
$3,254
Borrowings
247
238
164
Other Liabilities
71
67
47
Equity
511
504
593
Total Liabilities & Equity
$4,347
$4,331
$4,058

12
Loan Portfolio
Dollars in millions
June 30,
2012
March 31,
2012
June 30,
2011
Consumer
Home Equity    
$   434
$   442
$   432
Residential Mortgage
398
383
346
Installment and Other Consumer
79
82
70
Construction
2
2
3
Total Consumer
913
909
851
Commercial
Commercial Real Estate
1,402
1,417
1,442
Commercial & Industrial
717
703
691
Construction
163
169
208
Total Commercial
2,282
2,289
2,341
Total Portfolio Loans
3,195
3,198
3,192
Total Loans Held for Sale
3
3
11
Total Loans
$3,198
$3,201
$ 3,203

13
Asset Quality
*
QTD annualized
June 30,
Mar. 31,
June 30,
2012
2012
2011
Nonperforming Loans / Total Loans
2.16%
2.02%
1.96%
Nonperforming Assets / Total Loans
Plus OREO
2.25
2.12
2.18
Net Charge-offs / Average Loans*
1.02
1.32
0.59
Loan Loss Reserve / Total Loans
1.46
1.49
1.81
Loan Loss Reserve / Nonperforming
Loans
68
74
93

14
Nonperforming Loans
53.8
2.47
56.3
Total Commercial
7.4
8.38
13.6
Construction
8.1
0.94
6.8
Commercial
& Industrial  
38.3
2.56
35.9
Commercial
Real Estate
Commercial
8.7
1.40
12.8
Total Consumer
-
18.07
0.4
Construction
-
-
-
Installment
and Other Consumer
6.2
2.25
9.0
Residential
Mortgage
$ 2.5
0.78
$ 3.4
Home Equity
June 30,
2011
Consumer
% NPL
June 30,
2012
Total Nonperforming Loans
$62.5
2.16
$69.1
Nonperforming
Loans
(NPL)
are
loans
where
collection
of
interest
or
principal
is
doubtful
or
generally
when
interest
or
principal
payments
are
90 days or more past due.
Dollars in millions
$  6.8
$  3.4
USDA Guarantee
$  7.5
$  2.0
Specific Reserves

15
Construction & CRE by Type
Type 
June 30,
2012
% of Total
June 30,
2011
Change
Retail/Strip Malls
$   288
18
$   286
$  2
Offices
203
13
221
(18)
Hotels
198
13
184
14
Residential Rental Properties
171
11
221
(50)
Healthcare/Education
105
7
109
(  4)
Manuf/Industrial/Warehouse
108
7
96
12
RE Develop –
CL
102
6
100
2
Flex/Mixed Used
91
6
107
(16)
RE Develop –
Residential
46
3
70
(24)
Miscellaneous
253
16 
256
(  3)
Total
$1,565
100
$1,650
$(85)
Dollars in millions

16
Construction & CRE –
NPL by Type
Type 
June 30,
2012
% NPL
June 30,
2011
Retail/Strip Malls
$ 8.1
2.83
$ 2.9
Offices
4.2
2.04
6.6
Hotels
0.7
0.35
1.5
Residential Rental Properties
3.4
2.00
4.6
Healthcare/Education
0.6
0.56
0.8
Manuf/Industrial/Warehouse
4.3
3.99
4.4
RE
Develop
–
CL
6.6
6.45
1.1
Flex/Mixed Used
0.1
0.06
-
RE
Develop
–
Residential
7.1
15.21
7.6
Miscellaneous
14.5
5.75
16.2
Total
$49.6
3.17
$45.7
Dollars in millions

17
Net Interest Margin
2012
2012
2011
Second
Quarter
First
Quarter
Second
Quarter
Securities -
FTE
3.15%
3.29%
3.44%
Interest Bearing Deposits-FTE
0.22
0.20
0.24
Loans -
FTE
4.67
4.74
4.89
Total Earning Assets-FTE
4.14
4.31
4.63
Deposits
0.68
0.75
0.97
Borrowings
1.75
1.82
3.10
Total Costing Liabilities
0.77
0.84
1.10
Net Interest Margin –
FTE
*
3.57
3.69
3.85
*
Refer to appendix for reconciliation of Non-GAAP financial measures

18
Noninterest Income
Dollars in millions
2012
2012
2011
Second
Quarter
First
Quarter
Second
Quarter
Service Charges on Deposit Accounts
$ 2.4
$ 2.4
$ 2.4
Debit and Credit Card
2.8
2.7
2.7
Mortgage Banking
0.7
0.7
0.3
Wealth Management
2.6
2.4
2.1
Insurance
2.1
2.2
2.2
Other
1.9
1.8
1.5
Total
$12.5
$12.2
$11.2

19
Securities
June 30,
2012
March 31,
2012
June 30,
2011
Agencies
$173
$160
$142
Agency CMO
49
59
71
Agency MBS
43
46
55
Municipals
93
87
58
Equities
11
12
12
FHLB Stock
18
19
20
Total  
$387
$383
$358
All securities are classified as available-for sale
Dollars in millions

20
Deposits
Dollars in millions
June 30,
2012
Mar. 31,
2012
June 30,
2011
Noninterest-bearing Demand
$ 887
$ 860
$ 802
Interest-bearing Demand
315
306
284
Money Market
305
291
237
Savings
912
883
753
Certificates of Deposit < $100K
730
807
769
Certificates Of Deposit > $100K
369
375
409
Total  
$3,518
$3,522
$3,254

21
Capital Ratios
June 30,
2012
Mar. 31,
2012
June 30,
2011
**
Well-
Capitalized
Leverage
8.94%
9.20%
11.49%
5.00%
Tier 1 –
Risk-Based Capital
11.82
11.62
14.31
6.00
Total –
Risk-Based Capital
15.33
15.14
17.83
10.00
Tangible Common Equity /
Tangible Assets
*
7.99
7.87
8.08
NA
**
Includes CPP of $108.7 million
*
Refer to appendix for reconciliation of Non-GAAP financial measures

22
Marcellus Shale Distribution

2012
Second
Quarter
2012
First
Quarter
2011
Second
Quarter
Interest Income per Consolidated Statements of Income
$39.4
$39.1
$41.8
Adjustment to Fully Taxable-equivalent Basis
1.1
1.2
1.0
Interest Income Adjusted to Fully Taxable-equivalent Basis
40.5
40.3
42.8
Interest Expense per Consolidated Statements of Income
5.6
5.8
7.2
Net Interest Income Adjusted to Fully Taxable-
equivalent Basis (non-GAAP)
$34.9
$34.5
$35.6
APPENDIX –
Non-GAAP Measures
Dollars in millions
23

2012
2012
2011
Second
Quarter
First
Quarter
Second
Quarter
Securities
2.67%
2.82%
3.05%
Adjustment to Fully Taxable-equivalent Basis
0.48
0.47
0.39
Securities Adjusted to Fully Taxable-equivalent Basis
3.15
3.29
3.44
Interest-bearing Deposits
0.22
0.20
0.24
Adjustment to Fully Taxable-equivalent Basis
0.00
0.00
0.00
Interest-bearing Deposits Adjusted to Fully Taxable-equivalent Basis
0.22
0.20
0.24
Loans
4.57
4.64
4.80
Adjustment to Fully Taxable-equivalent Basis
0.10
0.10
0.09
Loans Adjusted to Fully Taxable-equivalent Basis
4.67
4.74
4.89
Total Earning Assets
4.02
4.18
4.51
Adjustment to Fully Taxable-Equivalent Basis
0.12
0.13
0.12
Total Earning Assets Adjusted to Fully Taxable-equivalent Basis
4.14
4.31
4.63
Net Interest Margin
3.45
3.56
3.73
Adjustment to Fully Taxable-Equivalent Basis
0.12
0.13
0.12
Net Interest Margin Adjusted to Fully Taxable-equivalent Basis
3.57
3.69
3.85
APPENDIX –
Non-GAAP Measures /cont./
24

June 30,
2012
Mar. 31,
2012
June 30,
2011
Tangible Common Equity/Tangible Assets
Common Equity/Assets (GAAP Basis)
11.74%
11.65%
11.98%
Effect of Excluding Intangible Assets
-3.75%
-3.78%
-3.90%
Tangible Common Equity/Tangible Assets
7.99%
7.87%
8.08%
APPENDIX –
Non-GAAP Measures /cont./
25

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