First Quarter 2011 Exhibit 99.1 |
Todd Brice President and Chief Executive Officer Mark Kochvar Sr. EVP and Chief Financial Officer |
3 Forward Looking Statement and Risk Factor • This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward- looking statements include, among others, statements regarding trends, strategies, plans, beliefs, intentions, expectations, goals and opportunities. Forward looking statements are typically identified by words or phrases such as believe, expect, anticipate, intend, estimate, assume, strategy, plan, outlook, outcome, continue, remain, trend and variations of such words and similar expressions, or future or conditional verbs such as will, would, should, could, may or similar expressions. Actual results and performance could differ materially from those anticipated by these forward-looking statements. Factors that could cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, asset quality, including real estate and other collateral values, and competition. • S&T cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date hereof, and S&T assumes no duty to update forward-looking statements. Subsequent written or oral statements attributable to S&T or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained herein and those in S&T’s reports previously and subsequently filed with the Securities and Exchange Commission. |
4 S&T Bancorp Corporate Profile |
Investor Highlights • Historically High Performing Bank • Experienced Management Team • Relationship Banking Model • Well-Positioned for Growth 5 |
6 * 2011 peer banks per 2011 proxy statement Return on Assets -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2006 2007 2008 2009 2010 -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% STBA BHC $3-10 B Peer Bank Median * PA Banks |
7 Return on Equity * 2011 peer banks per 2011 proxy statement -5% 0% 5% 10% 15% 20% 2006 2007 2008 2009 2010 -5% 0% 5% 10% 15% 20% BHC $3-10 B PA Banks Peer Bank Median * STBA |
8 Marcellus Shale Distribution |
9 |
Mineral Management Process 10 |
We are here to… • Provide access to well-informed industry professionals with the knowledge and experience in the oil and gas industry. – Lease Negotiations – Pipeline – Right-of-Ways – Well Pads – Frac Water Ponds – Royalty Accounting – Production Verifications 11 |
12 12 Quarterly Summary 2011 2010 2010 First Quarter Fourth Quarter First Quarter Net Income $4.7 $8.7 $9.8 Diluted Common Earnings per Share $0.17 $0.31 $0.35 Common Return on Average Assets * 0.47% 0.84% 0.96% Common Return on Average Equity * 3.31% 6.00% 7.12% Dollars in millions * Annualized |
13 13 Income Statement Dollars in millions 2011 2010 2010 First Quarter Fourth Quarter First Quarter Net Interest Income – FTE $35.9 $37.4 $37.1 Noninterest Income 11.0 12.0 11.2 Total Revenue 46.9 49.4 48.3 Noninterest Expense (27.5) (27.0) (27.9) Security Gains (Losses) - - 0.1 Provision for Loan Losses (10.6) (7.7) (4.4) Net Income Before Taxes 8.8 14.7 16.1 Taxes (2.5) (4.4) (4.8) Preferred Stock Dividends (1.6) (1.6) (1.5) Net Income Available to Common Shareholders $ 4.7 $8.7 $9.8 Diluted Common Earnings per Share $0.17 $0.31 $0.35 |
14 14 Balance Sheet Dollars in millions Mar. 31, 2011 Dec. 31, 2010 Mar. 31, 2010 Securities $353 $310 $352 Loans, Net 3,243 3,313 3,335 Other 494 491 449 Total Assets $4,090 $4,114 $4,136 Deposits $3,306 $3,317 $3,346 Borrowings 158 161 184 Other 46 57 45 Equity 580 579 561 Total Liabilities & Equity $4,090 $4,114 $4,136 |
15 15 Loan Portfolio Dollars in millions Mar. 31, 2011 Dec. 31, 2010 Mar. 31, 2010 Consumer Home Equity $436 $441 $457 Residential Mortgage 345 368 360 Consumer 71 75 77 Construction 4 4 9 Total Consumer $856 $888 $903 Commercial Commercial Real Estate $1,489 $1,494 $1,423 Commercial & Industrial 714 722 715 Construction 245 260 357 Total Commercial $2,448 $2,476 $2,495 Total Loans $3,304 $3,364 $3,398 |
16 16 Asset Quality * YTD March 31, 2011 Annualized Mar. 31, December 31, 2011 2010 2009 2008 2007 Nonperforming Loans / Total Loans 2.45% 1.90% 2.67% 1.19% 0.60% Nonperforming Assets / Total Loans Plus OREO 2.67 2.07 2.80 1.21 0.62 Net Charge-offs / Average Loans * 0.04 1.48 1.60 0.31 0.17 Loan Loss Reserve / Total Loans 1.87 1.53 1.75 1.20 1.23 Loan Loss Reserve / Nonperforming Loans 76 80 66 101 204 |
17 Nonperforming Loans 91 3.01 $ 73.6 Total Commercial 9 3.00 7.3 Construction 11 1.27 9.1 Commercial & Industrial 71 3.84 $ 57.2 Commercial Real Estate Commercial 9 0.84 $ 7.2 Total Consumer - - - Construction - - - Consumer Installment 7 1.55 5.3 Residential Mortgage 2 0.43 $ 1.9 Home Equity % of Total NPL Consumer % NPL March 31, 2011 Total Nonperforming Loans 100 2.45 $ 80.8 Nonperforming Loans (NPL) are loans where collection of interest or principal is doubtful or generally when interest or principal payments are 90 days or more past due. Dollars in millions Specific reserves $8.6 USDA Guarantee $6.8 17 |
18 Construction & CRE by Type Type March 31, 2011 % of Total March 31, 2010 Change Retail/Strip Malls $ 297 17 $ 295 $2 Miscellaneous 264 15 253 11 Residential Rental Properties 238 14 285 (47) Offices 226 13 240 (14) Hotels 195 11 176 19 Manuf/Industrial/Warehouse 118 7 132 (14) Flex/Mixed Use 113 7 107 6 Healthcare/Education 108 6 100 8 RE Develop – CL 93 5 108 (15) RE Develop – Residential 82 5 84 (2) Total $1,734 100 $1,780 ($ 46) 18 Dollars in millions |
19 Construction & CRE – NPL by Type Type March 31, 2011 % NPL % of Total NPL Retail/Strip Malls $ 3.0 1.02 5 Miscellaneous 15.3 5.83 24 Residential Rental Properties 11.0 4.61 17 Offices 2.8 1.22 4 Hotels 13.5 6.98 21 Manuf/Industrial/Warehouse 3.6 3.05 6 Flex/Mixed Use 2.4 2.10 4 Healthcare/Education 0.8 0.75 1 RE Develop – CL 6.0 6.40 9 RE Develop – Residential 6.1 7.41 9 Total $64.5 3.72 100 19 Dollars in millions |
20 Net Interest Margin 2011 2010 2010 First Quarter Fourth Quarter First Quarter Securities - FTE 3.02% 3.77% 4.06% Loans - FTE 4.92 5.02 5.12 Total Earning Assets 4.72 4.92 5.02 Deposits 0.97 1.03 1.21 Borrowings 3.14 3.00 2.49 Total Costing Liabilities 1.10 1.15 1.34 Net Interest Margin - FTE 3.92 4.06 4.00 |
21 Noninterest Income Dollars in millions 2011 2010 2010 First Quarter Fourth Quarter First Quarter Community Banking $ 5.6 $ 5.8 $ 5.5 Wealth Management 2.1 2.0 2.0 Insurance 2.1 1.8 2.4 Letters of Credit / Loan 0.5 0.8 0.6 Mortgage Banking 0.6 1.3 0.4 Other 0.1 0.3 0.3 Total $11.0 $12.0 $11.2 |
22 Securities Mar. 31, 2011 Dec. 31, 2010 Mar. 31, 2010 Agencies $125 $126 $118 Agency CMO 74 41 55 Agency MBS 59 44 58 Municipals 62 66 86 Equities 12 11 12 FHLB Stock 21 22 23 Total $353 $310 $352 All securities are classified as available-for sale Dollars in millions |
23 Deposits Dollars in millions Mar. 31, 2011 Dec. 31, 2010 Mar. 31, 2010 Noninterest-bearing Demand $ 803 $ 766 $ 709 Interest-bearing Demand 286 295 253 Money Market 241 262 251 Savings 755 754 753 Certificates of Deposit < $100K 781 788 878 Certificates Of Deposit > $100K 440 452 502 Total $3,306 $3,317 $3,346 |
24 24 Capital Ratios Mar. 31 2011 Dec. 31 2010 Mar. 31 2010 Well- Capitalized Leverage * 11.19% 11.07% 10.51% 5.00% Tier 1 – Risk-Based Capital * 13.54 13.28 12.40 6.00 Total – Risk-Based Capital * 16.99 16.68 15.75 10.00 Tangible Common Equity / Tangible Assets 7.70 7.61 7.09 NA * Includes CPP of $108.7 million |
25 S&T Bancorp Capital * 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Well Capitalized +2.19% * Total Risk-Based Capital |
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First Quarter 2011 |