 2013 Annual Meeting
James Miller
Chairman
Exhibit 99.1 |
 Todd
Brice President & CEO
|
 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. |
 Todd
Brice President & CEO
|
 6
Challenges and Opportunities –
NIM
*
Refer to appendix for reconciliation of Non-GAAP financial measures.
Net Interest Margin-
FTE
*
4.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
2.00%
2.50%
3.00%
3.50%
4.00%
2007
1Q 2013
2012
2011
2010
2009
2008 |
 7
Challenges and Opportunities –
Loan Growth
$ in millions
Total Loans
$3,800
$2,200
$2,200
$2,400
$2,600
$2,800
$3,000
$3,200
$3,400
$3,600
$3,800
$2,200
$2,200
$2,400
$2,600
$2,800
$3,000
$3,200
$3,400
$3,600
2007
2008
2009
2010
2011
1Q 2013
2012 |
 8
Mainline and Gateway Mergers |
 Growth –
Merger & Acquisition Activity
•
2012 -
Gateway Bank of Pennsylvania
$ 105
•
2012 -
Mainline Bancorp
206
•
2008 -
IBT Bancorp
793
•
2002 -
Peoples Financial Corp
295
•
1998 -
Branch Purchase from Mellon
39
•
1997 -
Peoples Bank of Unity
288
•
1991 -
Atlantic Financial Savings Bank
100
•
1991 -
Vanguard Savings Bank
112
9
Assets/Deposits Acquired
(in millions)
$1,938 |
 10
Challenges and Opportunities –
Asset Quality
$ in millions
$100
$90
$80
$70
$60
$50
$40
$30
$20
$10
$0
2007
2008
2009
2010
2011
2012
1Q
2013
$100
$90
$80
$70
$60
$50
$40
$30
$20
$10
$0
Non-Performing Loans |
 Mark Kochvar
Sr. EVP & CFO |
 12
Challenges and Opportunities –
Capital
Current Well-Capitalized Requirement
Proposed Well-Capitalized Requirement
Tier 1 Capital Ratio
14%
12%
10%
8%
6%
4%
2%
0%
2007
2008
2009
2010
2011
2012
1Q 2013
0%
2%
4%
6%
8%
10%
12%
14% |
 13
Quarterly Summary
2013
2012
2012
First
Quarter
Fourth
Quarter
First
Quarter
Net Income Available to Common
Shareholders
$12.3
$9.5
$3.5
Diluted Earnings per Common Share
$0.41
$0.32
$0.12
Common Return on Average Assets
1.12%
0.86%
0.34%
Common Return on Average Equity
9.25%
7.05%
2.82%
Dollars in millions, except per share
data
*
Annualized
*
* |
 14
First Quarter 2013 Highlights
•
Improved Loan Demand and Net Growth
•
Improved Asset Quality
•
Sale of Merchant Card Servicing Business |
 Net
Interest Margin Adjustment to Fully
Taxable Equivalent
Basis
Net Interest Margin
Adjusted to Fully
Taxable-Equivalent Basis
First Quarter 2013
3.37%
0.12%
3.49%
Full Year 2012
3.46
0.11
3.57
Full Year 2011
3.72
0.11
3.83
Full Year 2010
3.93
0.12
4.05
Full Year 2009
3.76
0.13
3.89
Full Year 2008
3.93
0.14
4.07
Full Year 2007
3.72
0.15
3.87
APPENDIX –
Non-GAAP Measures
15 |
 2013
First
Quarter
2012
Fourth
Quarter
2012
First
Quarter
Interest Income per Consolidated Statements of Income
$37.8
$38.9
$39.1
Adjustment to Fully Taxable-equivalent Basis
1.2
1.1
1.2
Interest Income Adjusted to Fully Taxable-equivalent Basis
39.0
40.0
40.3
Interest Expense per Consolidated Statements of Income
4.2
4.6
5.8
Net Interest Income Adjusted to Fully Taxable-
equivalent Basis (non-GAAP)
$34.8
$35.4
$34.5
APPENDIX –
Non-GAAP Measures
Dollars in
millions
16 |
 2013 Annual Meeting |
