Attached files
| file | filename |
|---|---|
| 8-K - 8-K - S&T BANCORP INC | form8-k1q17investor.htm |
| EX-99.2 - EXHIBIT 99.2 - S&T BANCORP INC | stba1q17investorpb57.htm |
Profile:
S&T Bancorp, Inc. is a $7.1 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 regional markets
including Southwestern PA (Pittsburgh),
Southcentral PA (Harrisburg), Northeast
OH (Akron), Central OH (Columbus) and
Western NY (Rochester). S&T provides a
full range of financial services to
individuals and businesses in PA and
Northeast OH and has loan production
offices in Central OH and Western NY.
Investment Thesis:
• Above peer performance
• Strategic and effective mergers
and expansion
• Demonstrated expense discipline
and efficiency
• Organic growth
• Sound asset quality
• Stable regional markets with long
term oil and gas benefit
Recent Mergers and Expansions:
November 1, 2016
S&T Bank branch relocates to expanded
facility in Northeast OH.
March 23, 2015
S&T Bank loan production office opens
to service Western NY.
March 4, 2015
S&T Bancorp merges with Integrity
Bancshares in Southcentral PA, adding
8 offices, $789 million in loans, and $722
million in deposits.
January 21, 2014
S&T Bank loan production office opens
to service Central OH.
Total Assets (in $ millions) $7,065
Common BV/Share $24.45
Tangible BV/Share (Non-GAAP) $16.02
Key Statistics:
(Data as of 03.31.17)
Stock Price $34.60
Market Cap (in $ billions) $1.2
Dividend Yield (annualized) 2.31%
Price/Earnings (LTM) 16.4
S&T has locations in
5 Regional Markets
Total Annualized Shareholder Return
Includes reinvested dividends
(Data as of 03.31.17)
1 YR 3 YR 5 YR 10 YR
STBA 38.00% 16.39% 12.88% 3.64%
NASDAQ Bank 42.87% 14.16% 17.68% 3.73%
KRX-Dow Jones KBW Regional Bank 40.76% 12.77% 16.06% 3.55%
S&P 500 17.16% 10.34% 13.26% 7.49%
Source: Bloomberg
Senior Management:
Todd D. Brice
President and Chief Executive Officer
Mark Kochvar
Senior Executive Vice President,
Chief Financial Officer
David G. Antolik
Senior Executive Vice President,
Chief Lending Officer
David P. Ruddock
Senior Executive Vice President,
Chief Operating Officer
Rebecca A. Stapleton
Senior Executive Vice President,
Chief Banking Officer
Investor Relations Contact:
Mark Kochvar
S&T Bancorp, Inc.
800 Philadelphia Street
Indiana, PA 15701
724.465.4826
mark.kochvar@stbank.net
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 2017.
Boenning & Scattergood
Matthew Schultheis • 610.832.5290
mschultheis@boenninginc.com
Keefe, Bruyette & Woods
Collyn Gilbert • 973.549.4092
collyn.gilbert@kbw.com
Piper Jaffray
Matthew Breese • 617.654.0728
matthew.m.breese@pjc.com
Raymond James
Daniel Cardenas • 312.655.2986
daniel.cardenas@raymondjames.com
1Q17 2016 2015 2014
Net Income (in $ thousands) $18,188 $71,392 $67,081 $57,910
Diluted Earnings per Share $0.52 $2.05 $1.98 $1.95
Dividends Declared per Share $0.20 $0.77 $0.73 $0.68
Total Assets (in $ millions) $7,065 $6,943 $6,318 $4,965
Total Loans (in $ millions) $5,761 $5,615 $5,063 $3,872
Total Deposits (in $ millions) $5,435 $5,272 $4,877 $3,909
Return on Average Assets* 1.06% 1.08% 1.13% 1.22%
Return on Average Equity* 8.68% 8.67% 8.94% 9.71%
Return on Tangible Equity *(Non-GAAP) 13.45% 13.71% 14.39% 14.02%
Net Interest Margin (FTE)*(Non-GAAP) 3.50% 3.47% 3.56% 3.50%
Nonperforming Assets/ Loans + OREO 0.81% 0.77% 0.71% 0.33%
Allowance for Loan Losses/ Total Loans 0.97% 0.94% 0.96% 1.24%
Net Loan Charge-offs / Average Loans * 0.15% 0.25% 0.22% 0.00%
Risk-based Capital - Total 12.02% 11.86% 11.60% 14.27%
Tangible Common Equity/ Tangible Assets
(Non-GAAP) 8.28% 8.23% 8.24% 9.00%
* Annualized for quarterly data
Financial Highlights:
Our Reputation Speaks for Itself...
• Named to the prestigious Sandler O’Neill Sm-All Stars Class of 2013, 2014, & 2015.
• Superior Customer Service
Consistently ranked high in customer satisfaction.
• American Heart Association
S&T recognized as a Gold Level Fit-Friendly Worksite in 2015.
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.