S&T Bancorp, Inc. | Page 1 of 3 | |||||||||||||||||
2002 | 2003 | Nine Months Ended | ||||||||||||||||
March | June | September | December | March | June | September | September | September | ||||||||||
For the period: | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 2003 | 2002 | |||||||||
Interest Income | $36,251 | $36,672 | $37,843 | $40,394 | $39,318 | $38,722 | $36,909 | 114,949 | $110,766 | |||||||||
Interest Expense | 14,473 | 14,147 | 13,826 | 13,854 | 12,924 | 12,380 | 11,439 | 36,743 | 42,447 | |||||||||
Net Interest Income | 21,778 | 22,525 | 24,017 | 26,540 | 26,394 | 26,342 | 25,470 | 78,206 | 68,319 | |||||||||
Taxable Equivalent Adjustment | 741 | 751 | 764 | 720 | 999 | 829 | 915 | 2,743 | 2,256 | |||||||||
Net Interest Income (FTE) | 22,519 | 23,276 | 24,781 | 27,260 | 27,393 | 27,171 | 26,385 | 80,949 | 70,575 | |||||||||
Provision For Loan Losses | 1,000 | 1,500 | 2,300 | 3,000 | 2,400 | 1,900 | 1,500 | 5,800 | 4,800 | |||||||||
Net Interest Income | ||||||||||||||||||
After Provisions (FTE) | 21,519 | 21,776 | 22,481 | 24,260 | 24,993 | 25,271 | 24,885 | 75,149 | 65,775 | |||||||||
Security Gains, Net | 1,752 | 1,722 | 2,168 | 1,428 | 1,005 | 1,206 | 1,099 | 3,310 | 5,642 | |||||||||
Service Charges and Fees | 1,772 | 1,909 | 2,238 | 2,482 | 2,192 | 2,268 | 2,335 | 6,795 | 5,919 | |||||||||
Wealth Management | 1,248 | 1,433 | 1,340 | 1,349 | 1,295 | 1,429 | 1,326 | 4,050 | 4,023 | |||||||||
Insurance | 679 | 744 | 984 | 1,062 | 1,059 | 1,017 | 1,071 | 3,147 | 2,407 | |||||||||
Other | 1,829 | 1,847 | 2,219 | 2,473 | 2,162 | 1,645 | 3,426 | 7,233 | 5,895 | |||||||||
Total Other Income | 5,528 | 5,933 | 6,781 | 7,366 | 6,708 | 6,359 | 8,158 | 21,225 | 18,244 | |||||||||
Salaries and Employee Benefits | 6,994 | 6,299 | 6,700 | 7,375 | 7,581 | 7,649 | 8,100 | 23,330 | 19,993 | |||||||||
Occupancy and Equip. Expense, Net | 1,632 | 1,470 | 1,627 | 1,788 | 1,837 | 1,754 | 1,556 | 5,147 | 4,729 | |||||||||
Data Processing Expense | 697 | 695 | 921 | 726 | 822 | 811 | 956 | 2,589 | 2,313 | |||||||||
FDIC Expense | 71 | 70 | 68 | 80 | 81 | 76 | 76 | 233 | 208 | |||||||||
Other | 3,084 | 3,449 | 3,945 | 4,073 | 3,861 | 3,698 | 4,011 | 11,570 | 10,481 | |||||||||
Total Other Expense | 12,478 | 11,983 | 13,261 | 14,042 | 14,182 | 13,988 | 14,699 | 42,869 | 37,724 | |||||||||
Income Before Taxes | 16,321 | 17,448 | 18,169 | 19,012 | 18,524 | 18,848 | 19,443 | 56,815 | 51,938 | |||||||||
Taxable Equivalent Adjustment | 741 | 751 | 764 | 720 | 999 | 829 | 915 | 2,743 | 2,256 | |||||||||
Applicable Income Taxes | 4,107 | 4,871 | 4,988 | 5,404 | 4,987 | 5,243 | 5,251 | 15,481 | 13,966 | |||||||||
Net Income | $11,473 | $11,826 | $12,417 | $12,888 | $12,538 | $12,776 | $13,277 | $38,591 | $35,716 | |||||||||
Per Common Share Data: | ||||||||||||||||||
Shares Outstanding at End of Period | 26,520,979 | 26,639,003 | 26,510,409 | 26,584,609 | 26,323,013 | 26,383,419 | 26,483,219 | 26,483,219 | 26,510,409 | |||||||||
Average Shares Outstanding - Diluted | 26,742,806 | 26,826,265 | 26,808,027 | 26,759,655 | 26,722,098 | 26,613,859 | 26,711,496 | 26,682,230 | 26,792,489 | |||||||||
Net Income - Diluted | $0.43 | $0.44 | $0.46 | $0.48 | $0.47 | $0.48 | $0.50 | $1.45 | $1.33 | |||||||||
Dividends Declared | $0.24 | $0.24 | $0.24 | $0.25 | $0.25 | $0.25 | $0.26 | $0.76 | $0.72 | |||||||||
Book Value | $11.03 | $11.25 | $11.26 | $11.51 | $11.56 | $12.10 | $12.12 | $12.12 | $11.26 | |||||||||
Market Value | $25.45 | $27.00 | $25.18 | $25.05 | $25.57 | $27.44 | $28.50 | $28.50 | $25.18 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||||||||
2002 | 2003 | ||||||||||||||
March | June | September | December | March | June | September | |||||||||
Asset Quality Data | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | ||||||||
Nonaccrual Loans and Nonperforming Loans | $7,653 | $6,248 | $9,075 | $5,831 | $10,828 | $8,557 | $9,656 | ||||||||
Assets acquired through foreclosure | |||||||||||||||
or repossession | 2,166 | 2,431 | 365 | 2,188 | 2,362 | 2,327 | 2,420 | ||||||||
Nonperforming Assets | 9,819 | 8,679 | 9,440 | 8,019 | 13,190 | 10,884 | 12,076 | ||||||||
Loan Loss Reserve | 27,853 | 28,389 | 29,498 | 30,138 | 29,837 | 31,483 | 31,714 | ||||||||
Nonperforming Loans / Loans | 0.47% | 0.37% | 0.46% | 0.29% | 0.53% | 0.42% | 0.47% | ||||||||
Loan Loss Reserve / Loans | 1.72% | 1.68% | 1.49% | 1.51% | 1.47% | 1.55% | 1.54% | ||||||||
Loan Loss Reserve / | |||||||||||||||
Nonperforming Loans | 364% | 454% | 325% | 517% | 276% | 368% | 328% | ||||||||
Net Loan Charge-offs (Recoveries) | 73 | 964 | 2,612 | 2,360 | 2,701 | 254 | 1,269 | ||||||||
Net Loan Charge-offs (Recoveries) | |||||||||||||||
(annualized)/Average Loans | 0.02% | 0.23% | 0.59% | 0.47% | 0.55% | 0.05% | 0.25% | ||||||||
Balance Sheet (Period-End) | |||||||||||||||
Assets | $2,362,616 | $2,425,854 | $2,776,968 | $2,823,867 | $2,855,658 | $2,915,039 | $2,858,678 | ||||||||
Earning Assets | 2,250,353 | 2,304,803 | 2,587,497 | 2,640,056 | 2,665,433 | 2,721,743 | 2,681,074 | ||||||||
Securities | 632,594 | 615,114 | 606,440 | 641,164 | 641,206 | 688,315 | 625,872 | ||||||||
Loans, Gross | 1,617,759 | 1,689,688 | 1,981,057 | 1,998,893 | 2,024,227 | 2,033,428 | 2,055,202 | ||||||||
Total Deposits | 1,602,308 | 1,636,266 | 1,931,458 | 1,926,119 | 1,947,249 | 1,927,035 | 1,937,201 | ||||||||
Non-Interest Bearing Deposits | 261,622 | 273,317 | 327,659 | 330,160 | 344,010 | 354,701 | 371,413 | ||||||||
NOW, Money Market & Savings | 608,743 | 619,661 | 768,447 | 768,395 | 781,690 | 786,225 | 778,985 | ||||||||
CD's $100,000 and over | 114,774 | 130,260 | 172,364 | 170,862 | 167,170 | 148,200 | 147,697 | ||||||||
Other Time Deposits | 617,169 | 613,028 | 662,988 | 656,702 | 654,380 | 637,909 | 639,106 | ||||||||
Short-term borrowings | 168,436 | 189,452 | 252,551 | 319,388 | 302,680 | 339,930 | 327,824 | ||||||||
Long-term Debt | 251,224 | 256,225 | 211,663 | 211,656 | 242,191 | 267,195 | 217,192 | ||||||||
Shareholder's Equity | 292,597 | 299,709 | 298,605 | 306,114 | 304,312 | 319,342 | 320,936 | ||||||||
Balance Sheet (Daily Averages) | |||||||||||||||
Assets | $2,330,748 | $2,396,788 | $2,510,549 | $2,770,040 | $2,823,664 | $2,850,083 | $2,888,415 | ||||||||
Earning Assets | 2,219,018 | 2,282,788 | 2,381,942 | 2,597,926 | 2,644,725 | 2,669,664 | 2,702,768 | ||||||||
Securities | 597,891 | 629,040 | 611,682 | 610,455 | 636,110 | 646,589 | 658,505 | ||||||||
Loans, Gross | 1,620,521 | 1,653,663 | 1,770,260 | 1,987,472 | 2,008,616 | 2,023,006 | 2,044,174 | ||||||||
Deposits | 1,598,061 | 1,624,978 | 1,711,484 | 1,919,195 | 1,916,768 | 1,921,525 | 1,927,257 | ||||||||
Shareholder's Equity | 294,636 | 299,290 | 302,809 | 306,368 | 310,165 | 316,613 | 320,116 |
S&T Bancorp, Inc. | Page 3 of 3 | |||||||||||||||||
2002 | 2003 | Year-to-date | ||||||||||||||||
March | June | September | December | March | June | September | September | September | ||||||||||
Profitability Ratios (annualized) | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 2003 | 2002 | |||||||||
Return on Average Assets | 2.00% | 1.98% | 1.96% | 1.85% | 1.80% | 1.80% | 1.82% | 1.81% | 1.98% | |||||||||
Return on Average Shareholder's Equity | 15.79% | 15.85% | 16.27% | 16.69% | 16.39% | 16.18% | 16.46% | 16.35% | 15.97% | |||||||||
Yield on Earning Assets (FTE) | 6.76% | 6.58% | 6.44% | 6.32% | 6.20% | 5.96% | 5.57% | 5.91% | 6.72% | |||||||||
Cost of Interest Bearing Funds | 3.37% | 3.18% | 2.95% | 2.68% | 2.49% | 2.35% | 2.14% | 2.32% | 3.16% | |||||||||
Net Interest Margin (FTE)(4) | 4.12% | 4.09% | 4.13% | 4.16% | 4.20% | 4.08% | 3.87% | 4.05% | 4.11% | |||||||||
Efficiency Ratio (FTE)(1) | 44.49% | 41.03% | 42.02% | 40.55% | 41.59% | 41.72% | 42.55% | 41.96% | 42.48% | |||||||||
Capitalization Ratios | ||||||||||||||||||
Dividends Paid to Net Income | 55.89% | 53.82% | 51.48% | 49.37% | 53.01% | 51.65% | 49.68% | |||||||||||
Shareholder's Equity to Assets (Period End) | 12.38% | 12.35% | 10.75% | 10.84% | 10.66% | 10.95% | 11.23% | |||||||||||
Leverage Ratio (2) | 11.03% | 11.18% | 8.87% | 8.42% | 8.13% | 8.50% | 8.67% | |||||||||||
Risk Based Capital - Tier I (3) | 12.78% | 12.93% | 9.77% | 9.89% | 9.90% | 10.11% | 10.46% | |||||||||||
Risk Based Capital - Tier II (3) | 14.98% | 14.92% | 11.45% | 11.57% | 11.56% | 11.90% | 12.25% | |||||||||||
Other Data | ||||||||||||||||||
Shareholders of Record | 3,147 | 3,127 | 3,129 | 3,103 | 3,106 | 3,125 | 3,138 | |||||||||||
Number of Banking Offices | 40 | 40 | 47 | 46 | 46 | 46 | 46 | |||||||||||
Definitions: | ||||||||||||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |