Exhibit 99.1 |
Todd Brice President and Chief Executive Officer |
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. 3 |
4 Non-GAAP Financial Measures • In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP), S&T management uses and this presentation contains or references, certain non-GAAP financial measures, such as net interest income on a fully taxable equivalent basis, that S&T believes provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of others in the financial services industry. Although S&T believes that these non-GAAP financial measures enhance investors’ understanding of S&T’s business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. The non-GAAP financial measures contained therein should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the respective Quarterly Reports on Forms 10-Q for S&T Bancorp, Inc. and subsidiaries. |
5 Corporate Profile |
6 Assets ROA ROE FNB Corporation $12.0 0.93% 7.93% Northwest Bancshares 8.1 0.78 5.42 First Commonwealth Financial 6.0 0.75 5.75 S&T Bancorp 4.4 0.77 6.46 TriState Capital 2.0 0.61 5.86 Data source: Federal Reserve YTD as of 09.30.12 $ in billions Western PA Bank Holding Companies |
7 * 2012 peer banks per 2012 proxy statement Common Return on Assets |
8 Common Return on Equity * 2012 peer banks per 2012 proxy statement |
9 4 Lines of Business |
10 Commercial Banking |
11 Loan Mix Total Loans as of 09.30.12 = $3.3 Billion |
Commercial Banking • 31 commercial lenders • 12 community lenders • Privately held companies with sales up to $150 million • $1-7 million preferred facility • Growing pipeline • Adding producers 12 |
13 Retail Banking |
Retail Banking • Over 100,000 Households • 59 branches • Average branch size of $61.5 million • Home Center • 92% of customers highly satisfied • Over 70,000 customers enrolled in online banking • Over 9,500 customers enrolled in Mobile Banking 14 |
15 Wealth Management |
Wealth Management • $1.7 billion AUM • 3 Divisions – S&T Trust – S&T Financial Services – RIA/Stewart Capital • Estimated annual revenue in excess of $10 million • Adding producers 16 |
17 Insurance |
Insurance • Purchased Evergreen Insurance in 2002 • Full service agency – Commercial P&C (65%) – Group Life and Health (20%) – Personal Lines (15%) • Estimated annual revenue in excess of $5 million 18 |
Growth – Merger & Acquisition Activity • 2012 - Gateway Bank of Pennsylvania • 2012 - Mainline Bancorp • 2008 – IBT Bancorp • 2002 - Peoples Financial Corp • 1997 - Peoples Bank of Unity • 1991 - Atlantic Financial Savings Bank • 1991 - Vanguard Savings Bank 19 |
Growth – Merger Opportunities 20 |
Growth - Organic County Total Deposits* S&T Deposits* # Branches Share Rank Allegheny $76,568 $691 12 0.9% 10 Washington 4,525 89 1 2.0 10 Butler 3,458 34 2 1.0 15 Westmoreland 6,833 788 11 11.5 5 Cambria 2,776 179 7 6.4 5 Blair 2,182 52 3 2.4 9 Armstrong 1,114 82 2 7.4 4 Indiana 2,052 959 10 46.7 1 Clearfield 1,291 165 3 12.8 5 Jefferson 878 412 6 46.9 1 Clarion 800 180 2 22.5 1 Total $102,477 $3,631 59 3.5% 21 * $ in millions Source: Highline Financial as of 06.30.12 |
22 The Right Size • Big Enough to: – Provide full complement of products and services – Access technology – Access Capital Markets – Attract talent – Expand – Mergers and Acquisitions/DeNovo • Small Enough to: – Stay close to our customers – Understand our markets – Be responsive |