S&T Bancorp, Inc. | Page 1 of 3 | ||||||||
2001 | 2002 | Year-to-date | |||||||
| March | June | September | December | March | June | June | June | |
Interest Income (FTE) | $44,911 | $43,735 | $41,792 | $39,202 | $36,992 | $37,423 | $74,415 | $88,646 | |
Interest Expense | 21,560 | 20,272 | 18,640 | 16,241 | 14,473 | 14,147 | 28,620 | 41,832 | |
Net Interest Income (FTE) | 23,351 | 23,463 | 23,152 | 22,961 | 22,519 | 23,276 | 45,795 | 46,814 | |
Provisions For Loan Losses | 1,000 | 2,000 | 850 | 1,150 | 1,000 | 1,500 | 2,500 | 3,000 | |
Net Interest Income | |||||||||
After Provisions (FTE) | 22,351 | 21,463 | 22,302 | 21,811 | 21,519 | 21,776 | 43,295 | 43,814 | |
Securities Gains, Net | 1,424 | 2,499 | 4,268 | 1,499 | 1,752 | 1,722 | 3,474 | 3,923 | |
Service Charges and Fees | 1,715 | 1,765 | 1,888 | 1,932 | 1,772 | 1,909 | 3,681 | 3,480 | |
Wealth Management | 1,299 | 1,268 | 1,128 | 1,249 | 1,248 | 1,433 | 2,683 | 2,567 | |
Other | 2,010 | 2,256 | 2,432 | 2,598 | 2,508 | 2,591 | 5,099 | 4,266 | |
Total Other Income | 5,024 | 5,289 | 5,448 | 5,779 | 5,528 | 5,933 | 11,463 | 10,313 | |
Salaries and Employee Benefits | 6,436 | 6,129 | 6,251 | 6,282 | 6,994 | 6,299 | 13,293 | 12,565 | |
Occupancy and Equip. Expense, Net | 1,512 | 1,578 | 1,544 | 1,418 | 1,632 | 1,470 | 3,102 | 3,090 | |
Data Processing Expense | 641 | 677 | 677 | 638 | 697 | 695 | 1,392 | 1,318 | |
FDIC Expense | 72 | 71 | 72 | 72 | 71 | 70 | 141 | 143 | |
Other | 3,029 | 3,337 | 3,236 | 3,300 | 3,084 | 3,449 | 6,534 | 6,366 | |
Total Other Expense | 11,690 | 11,792 | 11,780 | 11,710 | 12,478 | 11,983 | 24,462 | 23,482 | |
Income Before Taxes and Extraordinary Item | 17,109 | 17,459 | 20,238 | 17,379 | 16,321 | 17,448 | 33,770 | 34,568 | |
Taxable Equivalent Adjustment | 734 | 738 | 730 | 736 | 741 | 751 | 1,492 | 1,472 | |
Applicable Income Taxes | 4,725 | 4,799 | 5,763 | 4,775 | 4,107 | 4,871 | 8,978 | 9,524 | |
Net Income Before Extraordinary Item | 11,650 | 11,922 | $13,745 | 11,868 | 11,473 | 11,826 | 23,300 | 23,572 | |
Extraordinary Item (after-tax) | 0 | 0 | 1,887 | 0 | 0 | 0 | 0 | 0 | |
Net Income | $11,650 | $11,922 | $11,858 | $11,868 | $11,473 | $11,826 | $23,300 | $23,572 | |
Per Common Share Data: | |||||||||
Shares Outstanding | 26,960,118 | 26,893,489 | 26,776,579 | 26,646,179 | 26,520,979 | 26,639,003 | 26,639,003 | 26,893,489 | |
Ave. Shs. Outstanding - Diluted | 27,120,228 | 27,092,674 | 27,080,643 | 26,912,388 | 26,742,806 | 26,826,265 | 26,784,664 | 27,106,277 | |
Net Income- Diluted before Extraordinary Item | $0.43 | $0.44 | $0.51 | $0.44 | $0.43 | $0.44 | $0.87 | $0.87 | |
Net Income- Diluted after Extraordinary Item | $0.43 | $0.44 | $0.44 | $0.44 | $0.43 | $0.44 | $0.87 | $0.87 | |
Dividends Declared | $0.22 | $0.23 | $0.23 | $0.24 | $0.24 | $0.24 | $0.48 | $0.45 | |
Book Value | $10.56 | $10.82 | $10.88 | $11.01 | $11.03 | $11.25 | $11.25 | $10.82 | |
Market Value | $23.14 | $25.11 | $23.40 | $24.28 | $25.45 | $27.00 | $27.00 | $25.11 | |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||
2001 | 2002 | ||||||||
| March | June | September | December | March | June | |||
Nonaccrual Loans/Nonperforming Loans | $3,691 | $7,840 | $11,603 | $8,253 | $7,653 | $6,248 | |||
Assets acquired through foreclosure | |||||||||
or repossession | 546 | 541 | 443 | 1,711 | 2,166 | 2,431 | |||
Nonperforming Assets | 4,237 | 8,381 | 12,046 | 9,964 | 9,819 | 8,679 | |||
Loan Loss Reserve | 27,993 | 28,451 | 28,764 | 26,926 | 27,853 | 28,389 | |||
Nonperforming Loans / Loans | 0.23% | 0.48% | 0.71% | 0.50% | 0.47% | 0.37% | |||
Loan Loss Reserve / Loans | 1.71% | 1.73% | 1.75% | 1.64% | 1.72% | 1.68% | |||
Loan Loss Reserve / | |||||||||
Nonperforming Loans | 758% | 363% | 248% | 326% | 364% | 454% | |||
Net Loan Charge-offs (Recoveries) | 402 | 1,542 | 537 | 2,988 | 73 | 964 | |||
Net Loan Charge-offs (Recoveries) | |||||||||
(annualized) /Average Loans | 0.10% | 0.38% | 0.13% | 0.72% | 0.02% | 0.13% | |||
Balance Sheet (Period-End): | |||||||||
Assets | $2,354,398 | $2,363,970 | $2,294,868 | $2,357,874 | $2,362,616 | $2,425,854 | |||
Earning Assets (1) | 2,185,844 | 2,195,954 | 2,131,929 | 2,176,629 | 2,203,077 | 2,258,635 | |||
Securities (1) | 493,835 | 512,338 | 489,766 | 533,861 | 585,317 | 568,947 | |||
Loans, Gross | 1,638,184 | 1,649,041 | 1,642,163 | 1,642,768 | 1,617,759 | 1,689,688 | |||
Total Deposits | 1,567,006 | 1,595,572 | 1,596,400 | 1,611,317 | 1,602,308 | 1,636,266 | |||
Non-Interest Bearing Deposits | 228,958 | 236,340 | 240,157 | 257,694 | 261,622 | 273,317 | |||
NOW, Money Market & Savings | 598,199 | 604,690 | 583,849 | 604,872 | 608,743 | 619,661 | |||
CD's $100,000 and over | 132,198 | 127,162 | 132,309 | 116,523 | 114,774 | 130,260 | |||
Other Time Deposits | 607,651 | 627,380 | 640,085 | 632,227 | 617,169 | 613,028 | |||
Short-term borrowings | 66,670 | 70,058 | 76,630 | 152,282 | 168,436 | 189,452 | |||
Long-term Debt | 378,227 | 353,456 | 281,256 | 251,225 | 251,224 | 256,225 | |||
Shareholder's Equity | 284,627 | 290,906 | 291,349 | 293,327 | 292,597 | 299,709 | |||
Balance Sheet (Daily Averages): | |||||||||
Assets | $2,311,571 | $2,355,230 | $2,336,508 | $2,325,582 | $2,330,748 | $2,396,788 | |||
Earning Assets (1) | 2,148,007 | 2,188,529 | 2,171,864 | 2,164,272 | 2,169,852 | 2,234,485 | |||
Securities (1) | 500,196 | 492,951 | 492,956 | 515,276 | 548,725 | 580,738 | |||
Loans, Gross | 1,620,031 | 1,648,775 | 1,643,499 | 1,647,140 | 1,620,521 | 1,653,663 | |||
Deposits | 1,531,354 | 1,578,771 | 1,597,007 | 1,598,356 | 1,598,061 | 1,624,978 | |||
Shareholder's Equity | 285,041 | 291,984 | 294,918 | 296,085 | 294,636 | 299,290 | |||
(1) Excludes unrealized gains related to securities available for sale. | |||||||||
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||
2001 | 2002 | Year-to-date | |||||||
| March | June | September | December | March | June | June | June | |
Return on Average Assets | 2.04% | 2.03% | 2.01% | 2.02% | 2.00% | 1.98% | 1.99% | 2.04% | |
Return on Average Shareholder's Equity | 16.58% | 16.38% | 15.95% | 15.90% | 15.79% | 15.85% | 15.82% | 16.47% | |
Yield on Earning Assets (FTE) | 8.48% | 8.02% | 7.63% | 7.19% | 6.91% | 6.72% | 6.81% | 8.24% | |
Cost of Interest Bearing Funds | 4.98% | 4.56% | 4.22% | 3.70% | 3.37% | 3.18% | 3.27% | 4.77% | |
Net Interest Margin (FTE) | 4.41% | 4.30% | 4.23% | 4.21% | 4.21% | 4.18% | 4.19% | 4.35% | |
Efficiency Ratio (FTE)(1) | 41.20% | 41.01% | 41.19% | 40.74% | 44.49% | 41.03% | 42.72% | 41.10% | |
Capitalization Ratios: | |||||||||
Dividends Paid to Net Income | 50.89% | 49.77% | 52.16% | 51.89% | 55.89% | 53.82% | |||
Shareholder's Equity to Assets (Period End) | 12.09% | 12.31% | 12.70% | 12.44% | 12.38% | 12.35% | |||
Leverage Ratio (2) | 10.62% | 10.61% | 10.83% | 10.98% | 11.03% | 11.18% | |||
Risk Based Capital - Tier I (3) | 12.28% | 12.34% | 12.78% | 12.69% | 12.78% | 12.93% | |||
Risk Based Capital - Tier II (3) | 14.52% | 14.69% | 14.92% | 14.89% | 14.98% | 14.92% | |||
Other Data: | |||||||||
Shareholders of Record | 3,174 | 3,171 | 3,174 | 3,193 | 3,147 | 3,127 | |||
Number of Banking Offices | 39 | 39 | 40 | 40 | 40 | 40 | |||
Definitions: | |||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. | |||||||||
(2) Equity less goodwill to total assets and allowance for loan losses. | |||||||||
(3) Effective October 1, 1998, banking regulators require financial institutions to include 45% of the pretax net unrealized holding gains on |
S&T Bancorp (STBA) 8-KS&T Bancorp, Inc. Announces Earnings
Filed: 16 Jul 02, 12:00am