S&T Bancorp, Inc. | Page 1 of 3 | ||||||||||||||||||
2006 | 2007 | Year-to-date | |||||||||||||||||
March |
| June |
| September |
| December | March |
| June |
| September |
| December | December |
| December | |||
For the period: | |||||||||||||||||||
Interest Income | $47,884 | $50,957 | $53,028 | $52,833 | $52,934 | $54,274 | $54,761 | $53,637 | $215,605 | $204,702 | |||||||||
Interest Expense | 19,810 | 22,830 | 24,186 | 24,758 | 24,725 | 25,321 | 25,485 | 23,636 | 99,167 | 91,584 | |||||||||
Net Interest Income | 28,074 | 28,127 | 28,842 | 28,075 | 28,209 | 28,953 | 29,276 | 30,001 | 116,438 | 113,118 | |||||||||
Taxable Equivalent Adjustment | 1,068 | 1,117 | 1,146 | 1,173 | 1,186 | 1,216 | 1,170 | 1,156 | 4,727 | 4,504 | |||||||||
Net Interest Income (FTE) | 29,142 | 29,244 | 29,988 | 29,248 | 29,395 | 30,169 | 30,446 | 31,157 | 121,165 | 117,622 | |||||||||
Provision For Loan Losses | 1,500 | 5,700 | 1,352 | 828 | 2,178 | 1,305 | 1,142 | 1,187 | 5,812 | 9,380 | |||||||||
Net Interest Income After Provisions (FTE) | 27,642 | 23,544 | 28,636 | 28,420 | 27,217 | 28,864 | 29,304 | 29,970 | 115,353 | 108,242 | |||||||||
Security Gains, Net | 1,809 | 1,244 | 1,210 | 1,218 | 1,656 | 481 | 1,129 | 579 | 3,844 | 5,481 | |||||||||
Service Charges and Fees | 2,452 | 2,657 | 2,666 | 2,637 | 2,343 | 2,529 | 2,605 | 2,647 | 10,124 | 10,412 | |||||||||
Wealth Management | 2,223 | 2,058 | 1,854 | 1,726 | 1,855 | 1,978 | 1,751 | 1,886 | 7,470 | 7,862 | |||||||||
Insurance | 1,738 | 1,572 | 1,759 | 1,569 | 1,894 | 1,792 | 1,874 | 1,726 | 7,285 | 6,637 | |||||||||
Other | 2,261 | 2,803 | 2,432 | 2,502 | 2,424 | 2,744 | 4,270 | 2,443 | 11,882 | 9,998 | |||||||||
Total Noninterest Income | 8,674 | 9,090 | 8,711 | 8,434 | 8,516 | 9,043 | 10,500 | 8,702 | 36,761 | 34,909 | |||||||||
Salaries and Employee Benefits | 9,512 | 9,004 | 8,618 | 10,467 | 9,934 | 10,073 | 9,910 | 10,470 | 40,387 | 37,601 | |||||||||
Occupancy and Equip. Expense, Net | 2,087 | 1,962 | 2,194 | 2,155 | 2,261 | 2,447 | 2,423 | 2,452 | 9,583 | 8,398 | |||||||||
Data Processing Expense | 1,164 | 1,249 | 1,186 | 1,253 | 1,234 | 1,301 | 1,179 | 1,166 | 4,880 | 4,852 | |||||||||
FDIC Expense | 75 | 75 | 77 | 75 | 76 | 77 | 74 | 75 | 302 | 302 | |||||||||
Other | 4,101 | 4,983 | 4,264 | 4,777 | 4,084 | 4,163 | 4,543 | 5,518 | 18,308 | 18,126 | |||||||||
Total Noninterest Expense | 16,939 | 17,273 | 16,339 | 18,727 | 17,589 | 18,061 | 18,129 | 19,681 | 73,460 | 69,279 | |||||||||
Income Before Taxes | 21,186 | 16,605 | 22,218 | 19,345 | 19,800 | 20,327 | 22,804 | 19,570 | 82,498 | 79,353 | |||||||||
Taxable Equivalent Adjustment | 1,068 | 1,117 | 1,146 | 1,173 | 1,186 | 1,216 | 1,170 | 1,156 | 4,727 | 4,504 | |||||||||
Applicable Income Taxes | 5,881 | 4,251 | 6,408 | 4,973 | 5,316 | 5,235 | 5,973 | 5,103 | 21,627 | 21,513 | |||||||||
Net Income | $14,237 | $11,237 | $14,664 | $13,199 | $13,298 | $13,876 | $15,661 | $13,311 | $56,144 | $53,336 | |||||||||
Per Common Share Data: | |||||||||||||||||||
Shares Outstanding at End of Period | 26,083,980 | 25,690,880 | 25,303,774 | 25,361,274 | 24,897,787 | 24,468,671 | 24,543,177 | 24,551,087 | 24,551,087 | 25,361,274 | |||||||||
Average Shares Outstanding - Diluted | 26,448,765 | 26,038,892 | 25,753,722 | 25,530,984 | 25,389,584 | 24,847,410 | 24,690,735 | 24,677,720 | 24,888,574 | 25,940,352 | |||||||||
Net Income - Diluted | $0.54 | $0.43 | $0.57 | $0.52 | $0.52 | $0.56 | $0.63 | $0.54 | $2.26 | $2.06 | |||||||||
Dividends Declared | $0.29 | $0.29 | $0.29 | $0.30 | $0.30 | $0.30 | $0.30 | $0.31 | $1.21 | $1.17 | |||||||||
Book Value | $13.41 | $13.14 | $13.24 | $13.37 | $13.16 | $12.98 | $13.36 | $13.73 | $13.73 | $13.37 | |||||||||
Market Value | $36.58 | $33.23 | $32.50 | $34.67 | $33.04 | $32.90 | $32.09 | $27.64 | $27.64 | $34.67 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||||||||
2006 | 2007 | ||||||||||||||
March | June | September | December | March | June | September | December | ||||||||
Asset Quality Data | |||||||||||||||
Nonaccrual Loans and Nonperforming Loans | $13,063 | $21,824 | $15,058 | $19,852 | $19,854 | $14,944 | $14,445 | $16,798 | |||||||
Assets acquired through foreclosure or repossession | 3,084 | 2,725 | 2,633 | 523 | 606 | 610 | 869 | 488 | |||||||
Nonperforming Assets | 16,147 | 24,549 | 17,691 | 20,375 | 20,460 | 15,554 | 15,314 | 17,286 | |||||||
Allowance for Loan Losses | 37,402 | 38,575 | 32,717 | 33,220 | 35,319 | 35,808 | 34,144 | 34,345 | |||||||
Nonperforming Loans / Loans | 0.51% | 0.83% | 0.58% | 0.74% | 0.73% | 0.54% | 0.52% | 0.60% | |||||||
Allowance for Loan Losses / Loans | 1.47% | 1.47% | 1.25% | 1.25% | 1.29% | 1.31% | 1.24% | 1.23% | |||||||
Allowance for Loan Losses / Nonperforming Loans | 286% | 177% | 217% | 167% | 178% | 240% | 236% | 204% | |||||||
Net Loan Charge-offs | 670 | 4,528 | 7,210 | 324 | 78 | 817 | 2,806 | 986 | |||||||
Net Loan Charge-offs (annualized)/ Average Loans | 0.11% | 0.70% | 1.09% | 0.05% | 0.01% | 0.12% | 0.41% | 0.14% | |||||||
Balance Sheet (Period-End) | |||||||||||||||
Assets | $3,250,246 | $3,301,896 | $3,278,710 | $3,338,543 | $3,376,560 | $3,382,057 | $3,361,746 | $3,420,757 | |||||||
Earning Assets | 3,031,270 | 3,079,808 | 3,048,744 | 3,108,898 | 3,146,934 | 3,141,844 | 3,126,714 | 3,169,594 | |||||||
Securities | 482,453 | 455,367 | 431,490 | 442,607 | 412,384 | 398,612 | 375,151 | 372,655 | |||||||
Loans, Gross | 2,548,817 | 2,624,441 | 2,617,254 | 2,666,291 | 2,734,550 | 2,743,232 | 2,751,564 | 2,796,939 | |||||||
Total Deposits | 2,470,151 | 2,496,909 | 2,536,092 | 2,565,306 | 2,576,887 | 2,624,495 | 2,620,176 | 2,621,825 | |||||||
Non-Interest Bearing Deposits | 417,315 | 442,203 | 429,547 | 448,453 | 445,176 | 449,623 | 452,140 | 462,387 | |||||||
NOW, Money Market & Savings | 1,136,810 | 1,169,278 | 1,201,254 | 1,195,640 | 1,209,702 | 1,237,280 | 1,234,494 | 1,243,061 | |||||||
CD's $100,000 and over | 200,055 | 203,966 | 249,070 | 261,646 | 259,390 | 258,311 | 250,011 | 249,643 | |||||||
Other Time Deposits | 715,972 | 681,462 | 656,221 | 659,567 | 662,619 | 679,281 | 683,531 | 666,734 | |||||||
Short-term borrowings | 204,487 | 234,232 | 162,351 | 188,021 | 169,552 | 144,342 | 125,809 | 180,258 | |||||||
Long-term Debt | 171,635 | 186,427 | 186,217 | 196,941 | 246,715 | 246,487 | 236,255 | 226,021 | |||||||
Shareholder's Equity | 349,896 | 337,598 | 335,011 | 339,051 | 327,710 | 317,707 | 327,863 | 337,092 | |||||||
Balance Sheet (Daily Averages) | |||||||||||||||
Assets | $3,205,843 | $3,282,972 | $3,285,807 | $3,270,151 | $3,328,405 | $3,358,606 | $3,352,830 | $3,359,832 | |||||||
Earning Assets | 2,999,871 | 3,070,286 | 3,070,573 | 3,055,082 | 3,108,328 | 3,134,253 | 3,127,103 | 3,137,967 | |||||||
Securities | 485,935 | 469,472 | 453,128 | 428,556 | 420,645 | 403,351 | 384,405 | 370,100 | |||||||
Loans, Gross | 2,513,936 | 2,600,814 | 2,617,445 | 2,619,029 | 2,687,564 | 2,730,618 | 2,740,458 | 2,767,615 | |||||||
Deposits | 2,424,946 | 2,494,841 | 2,518,761 | 2,572,123 | 2,550,819 | 2,578,878 | 2,623,770 | 2,620,448 | |||||||
Shareholder's Equity | 356,341 | 346,351 | 343,176 | 342,303 | 339,168 | 325,966 | 324,124 | 333,880 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||||||||||||
2006 | 2007 | Year-to-date | |||||||||||||||||
March | June | September | December | March | June | September | December | December | December | ||||||||||
Profitability Ratios (annualized) | |||||||||||||||||||
Return on Average Assets | 1.80% | 1.37% | 1.77% | 1.60% | 1.62% | 1.66% | 1.85% | 1.57% | 1.68% | 1.64% | |||||||||
Return on Average Shareholder's Equity | 16.20% | 13.01% | 16.95% | 15.30% | 15.90% | 17.07% | 19.17% | 15.82% | 16.97% | 15.37% | |||||||||
Yield on Earning Assets (FTE) | 6.62% | 6.81% | 7.00% | 7.02% | 7.06% | 7.10% | 7.10% | 6.93% | 7.05% | 6.87% | |||||||||
Cost of Interest Bearing Funds | 3.37% | 3.71% | 3.90% | 4.01% | 4.00% | 4.01% | 3.99% | 3.70% | 3.92% | 3.75% | |||||||||
Net Interest Margin (FTE)(4) | 3.94% | 3.82% | 3.87% | 3.80% | 3.84% | 3.86% | 3.86% | 3.94% | 3.87% | 3.86% | |||||||||
Efficiency Ratio (FTE)(1) | 44.79% | 45.06% | 42.22% | 49.70% | 46.40% | 46.06% | 44.28% | 49.38% | 46.52% | 45.42% | |||||||||
Capitalization Ratios | |||||||||||||||||||
Dividends Paid to Net Income | 53.53% | 67.41% | 50.81% | 56.06% | 57.21% | 53.92% | 46.86% | 55.31% | |||||||||||
Shareholder's Equity to Assets (Period End) | 10.77% | 10.22% | 10.22% | 10.16% | 9.71% | 9.39% | 9.75% | 9.85% | |||||||||||
Leverage Ratio (2) | 9.28% | 8.75% | 8.57% | 8.82% | 8.38% | 8.06% | 8.38% | 8.57% | |||||||||||
Risk Based Capital - Tier I (3) | 10.30% | 9.78% | 9.65% | 9.66% | 9.23% | 8.94% | 9.35% | 9.50% | |||||||||||
Risk Based Capital - Tier II (3) | 11.86% | 11.32% | 11.94% | 11.91% | 11.45% | 11.15% | 11.50% | 11.64% | |||||||||||
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 available for sale equity securities in Tier 2 capital. (4) Net interest income, on a fully taxable equivalent basis, annualized divided by quarter-to-date average earning assets. |