S&T Bancorp, Inc. | Page 1 of 3 | ||||||||||||||||
2004 | 2005 | Nine Months Ended | |||||||||||||||
March |
| June |
| September |
| December | March | June | September | September |
| September | |||||
For the period: | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 2005 | 2004 | ||||||||
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Interest Income | $35,596 | $36,235 | $37,726 | $39,075 | $39,466 | $42,144 | $44,035 | $125,646 | $109,563 | ||||||||
Interest Expense | 9,506 | 9,542 | 10,549 | 11,287 | 12,148 | 13,780 | 15,595 | 41,523 | 29,603 | ||||||||
Net Interest Income | 26,090 | 26,693 | 27,177 | 27,788 | 27,318 | 28,364 | 28,440 | 84,123 | 79,960 | ||||||||
Taxable Equivalent Adjustment | 920 | 923 | 927 | 936 | 975 | 1,002 | 1,024 | 3,002 | 2,769 | ||||||||
Net Interest Income (FTE) | 27,010 | 27,616 | 28,104 | 28,724 | 28,293 | 29,366 | 29,464 | 87,125 | 82,729 | ||||||||
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Provision For Loan Losses | 1,500 | 1,900 | 1,500 | (500) | 800 | (300) | 3,000 | 3,500 | 4,900 | ||||||||
Net Interest Income |
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After Provisions (FTE) | 25,510 | 25,716 | 26,604 | 29,224 | 27,493 | 29,666 | 26,464 | 83,625 | 77,829 | ||||||||
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Security Gains, Net | 1,520 | 1,708 | 1,144 | 972 | 1,668 | 801 | 1,300 | 3,769 | 4,372 | ||||||||
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Service Charges and Fees | 2,232 | 2,359 | 2,316 | 2,476 | 2,181 | 2,338 | 2,504 | 7,023 | 6,906 | ||||||||
Wealth Management | 1,517 | 1,525 | 1,471 | 1,688 | 1,643 | 1,831 | 1,760 | 5,234 | 4,513 | ||||||||
Insurance | 1,076 | 1,115 | 1,219 | 1,148 | 1,403 | 1,387 | 1,403 | 4,193 | 3,410 | ||||||||
Other | 2,048 | 2,474 | 1,814 | 2,380 | 2,191 | 2,948 | 2,473 | 7,612 | 6,336 | ||||||||
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Total Other Income | 6,873 | 7,473 | 6,820 | 7,692 | 7,418 | 8,504 | 8,140 | 24,062 | 21,165 | ||||||||
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Salaries and Employee Benefits | 8,292 | 8,006 | 8,438 | 8,109 | 8,798 | 8,440 | 8,754 | 25,992 | 24,736 | ||||||||
Occupancy and Equip. Expense, Net | 1,720 | 1,710 | 1,752 | 1,900 | 2,290 | 1,939 | 1,892 | 6,121 | 5,181 | ||||||||
Data Processing Expense | 999 | 975 | 956 | 1,036 | 1,035 | 1,092 | 1,046 | 3,172 | 2,930 | ||||||||
FDIC Expense | 73 | 74 | 72 | 70 | 74 | 75 | 71 | 220 | 219 | ||||||||
Other | 3,653 | 4,049 | 3,678 | 4,630 | 3,876 | 4,059 | 2,932 | 10,868 | 11,379 | ||||||||
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Total Other Expense | 14,737 | 14,814 | 14,896 | 15,745 | 16,073 | 15,605 | 14,695 | 46,373 | 44,445 | ||||||||
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Income Before Taxes | 19,166 | 20,083 | 19,672 | 22,143 | 20,506 | 23,366 | 21,209 | 65,083 | 58,921 | ||||||||
Taxable Equivalent Adjustment | 920 | 923 | 927 | 936 | 975 | 1,002 | 1,024 | 3,002 | 2,769 | ||||||||
Applicable Income Taxes | 5,290 | 5,588 | 5,468 | 6,655 | 5,711 | 6,871 | 5,818 | 18,400 | 16,346 | ||||||||
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Net Income | $12,956 | $13,572 | $13,277 | $14,552 | $13,820 | $15,493 | $14,367 | $43,681 | $39,806 | ||||||||
Per Common Share Data: | |||||||||||||||||
Shares Outstanding at End of Period | 26,619,399 | 26,261,769 | 26,513,869 | 26,600,395 | 26,584,029 | 26,200,529 | 26,364,095 | 26,364,095 | 26,513,869 | ||||||||
Average Shares Outstanding - Diluted | 26,950,542 | 26,644,177 | 26,709,616 | 26,896,777 | 26,951,090 | 26,644,682 | 26,618,216 | 26,737,136 | 26,767,731 | ||||||||
Net Income - Diluted | $0.48 | $0.51 | $0.50 | $0.54 | $0.51 | $0.58 | $0.54 | $1.63 | $1.49 | ||||||||
Dividends Declared | $0.26 | $0.27 | $0.27 | $0.27 | $0.28 | $0.28 | $0.28 | $0.84 | $0.80 | ||||||||
Book Value | $12.74 | $12.25 | $12.77 | $13.12 | $13.06 | $13.09 | $13.35 | $13.35 | $12.77 | ||||||||
Market Value | $30.06 | $31.98 | $35.71 | $37.69 | $35.40 | $36.10 | $37.80 | $37.80 | $35.71 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||||||
2004 | 2005 | ||||||||||||
March | June |
| September |
| December | March | June | September | |||||
Asset Quality Data | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | ||||||
Nonaccrual Loans and Nonperforming Loans | $12,465 | $13,514 | $15,895 | $6,309 | $7,331 | $5,944 | $8,368 | ||||||
Assets acquired through foreclosure | |||||||||||||
or repossession | 2,287 | 521 | 2,822 | 2,119 | 1,536 | 945 | 1,908 | ||||||
Nonperforming Assets | 14,752 | 14,035 | 18,717 | 8,428 | 8,867 | 6,889 | 10,276 | ||||||
Allowance for Loan Losses | 32,658 | 32,792 | 32,127 | 34,262 | 34,339 | 33,525 | 36,093 | ||||||
Nonperforming Loans / Loans | 0.57% | 0.60% | 0.69% | 0.28% | 0.32% | 0.25% | 0.35% | ||||||
Allowance for Loan Losses / Loans | 1.50% | 1.46% | 1.40% | 1.50% | 1.48% | 1.40% | 1.50% | ||||||
Allowance for Loan Losses / | |||||||||||||
Nonperforming Loans | 262% | 243% | 202% | 543% | 468% | 564% | 431% | ||||||
Net Loan Charge-offs (Recoveries) | 320 | 1,765 | 2,166 | (2,635) | 723 | (455) | 432 | ||||||
Net Loan Charge-offs (Recoveries) (annualized)/ | |||||||||||||
Average Loans | 0.06% | 0.32% | 0.38% | -0.46% | 0.13% | -0.08% | 0.07% | ||||||
Balance Sheet (Period-End) | |||||||||||||
Assets | $2,956,404 | $3,006,203 | $3,009,776 | $2,989,034 | $3,027,881 | $3,095,177 | $3,104,433 | ||||||
Earning Assets | 2,776,693 | 2,823,231 | 2,829,035 | 2,805,522 | 2,841,330 | 2,900,582 | 2,909,863 | ||||||
Securities | 592,761 | 576,612 | 536,783 | 518,171 | 522,631 | 509,985 | 499,545 | ||||||
Loans, Gross | 2,183,931 | 2,246,619 | 2,292,253 | 2,287,351 | 2,318,699 | 2,390,598 | 2,410,318 | ||||||
Total Deposits | 1,977,330 | 1,976,340 | 2,079,182 | 2,176,263 | 2,168,932 | 2,208,204 | 2,306,604 | ||||||
Non-Interest Bearing Deposits | 382,110 | 376,471 | 416,748 | 415,812 | 404,557 | 409,721 | 417,894 | ||||||
NOW, Money Market & Savings | 756,965 | 742,582 | 772,783 | 896,395 | 904,809 | 922,923 | 965,625 | ||||||
CD's $100,000 and over | 176,512 | 187,574 | 197,347 | 192,761 | 187,010 | 201,076 | 210,024 | ||||||
Other Time Deposits | 661,743 | 669,713 | 692,304 | 671,295 | 672,556 | 674,484 | 713,061 | ||||||
Short-term borrowings | 463,000 | 542,598 | 456,684 | 323,384 | 399,846 | 410,362 | 314,467 | ||||||
Long-term Debt | 116,890 | 116,894 | 86,328 | 86,303 | 61,115 | 81,080 | 83,860 | ||||||
Shareholder's Equity | 339,095 | 321,625 | 338,575 | 349,129 | 347,279 | 342,852 | 351,983 | ||||||
Balance Sheet (Daily Averages) | |||||||||||||
Assets | $2,908,794 | $2,979,134 | $3,002,225 | $3,000,134 | $2,998,237 | $3,061,157 | $3,090,488 | ||||||
Earning Assets | 2,732,315 | 2,798,943 | 2,821,311 | 2,818,925 | 2,813,642 | 2,869,845 | 2,897,199 | ||||||
Securities | 597,845 | 583,192 | 555,568 | 530,547 | 518,872 | 516,704 | 504,806 | ||||||
Loans, Gross | 2,134,470 | 2,215,751 | 2,264,843 | 2,285,101 | 2,294,699 | 2,353,141 | 2,381,551 | ||||||
Deposits | 1,955,025 | 1,982,751 | 2,040,251 | 2,116,041 | 2,157,201 | 2,188,288 | 2,269,085 | ||||||
Shareholder's Equity | 341,835 | 330,474 | 333,545 | 347,105 | 353,472 | 347,871 | 351,432 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||||||||||
2004 | 2005 | Nine Months Ended | |||||||||||||||
March | June |
| September |
| December | March |
| June | September | September |
| September | |||||
Profitability Ratios (annualized) | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 2005 | 2004 | ||||||||
Return on Average Assets | 1.79% | 1.83% | 1.76% | 1.93% | 1.87% | 2.03% | 1.84% | 1.91% | 1.79% | ||||||||
Return on Average Shareholder's Equity | 15.24% | 16.52% | 15.84% | 16.68% | 15.86% | 17.86% | 16.22% | 16.64% | 15.86% | ||||||||
Yield on Earning Assets (FTE) | 5.39% | 5.35% | 5.46% | 5.66% | 5.84% | 6.04% | 6.18% | 6.02% | 5.40% | ||||||||
Cost of Interest Bearing Funds | 1.79% | 1.74% | 1.90% | 2.06% | 2.27% | 2.46% | 2.73% | 2.49% | 1.81% | ||||||||
Net Interest Margin (FTE)(4) | 3.98% | 3.97% | 3.96% | 4.05% | 4.08% | 4.10% | 4.03% | 4.07% | 3.97% | ||||||||
Efficiency Ratio (FTE)(1) | 43.49% | 42.22% | 42.66% | 43.24% | 45.01% | 41.21% | 39.08% | 41.71% | 42.78% | ||||||||
Capitalization Ratios
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Dividends Paid to Net Income | 53.48% | 51.06% | 53.34% | 49.20% | 51.96% | 48.16% | 51.08% | ||||||||||
Shareholder's Equity to Assets (Period End)
| 11.47% | 10.70% | 11.25% | 11.68% | 11.47% | 11.08% | 11.34% | ||||||||||
Leverage Ratio (2) | 9.15% | 8.80% | 9.15% | 9.51% | 9.68% | 9.27% | 9.56% | ||||||||||
Risk Based Capital - Tier I (3)
| 10.55% | 10.10% | 10.44% | 10.84% | 10.86% | 10.29% | 10.73% | ||||||||||
Risk Based Capital - Tier II (3) | 12.31% | 11.78% | 12.13% | 12.58% | 12.52% | 11.89% | 12.35% | ||||||||||
Definitions:
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis.
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