EX-99.2 3 d575504dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

 

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Profile:

S&T Bancorp, Inc. is a $4.5 billion financial holding company headquartered in Indiana, PA, located about 55 miles northeast of Pittsburgh, PA.

Founded in 1902 with a single location in Indiana, PA, S&T Bancorp, Inc. has grown to 56 branch offices that provide a full range of financial services to individuals and businesses in Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, Washington and Westmoreland counties.

S&T has always maintained a sincere interest in both it’s customers and the success of the local community. This interest has helped S&T meet its customers’ needs with quality banking services as well as foster the economic vitality of its communities.

Strategy:

 

 

4 lines of business:

 

   

Commercial Banking

 

   

Retail Banking

 

   

Wealth Management

 

   

Insurance

 

 

Growth:

 

   

Disciplined mergers and acquisitions

 

   

Selective Denovo and LPO

 

   

Organic

Recent Mergers and Acquisitions:

August 13, 2012

S&T Bank acquired Gateway Bank of PA adding 2 offices in Cranberry Township and McMurray. Gateway had approximately $99 million in loans and $105 million in deposits.

March 9, 2012

S&T Bank acquired Mainline Bancorp adding 8 offices in Blair and Cambria County. Mainline Bancorp had approximately $130 million in loans and $206 million in deposits.

Key Statistics:

 

(Data as of 06.30.13)         (Data as of 06.30.13)      

Total Assets (in $ millions)

    $4,529     

Stock Price

  $ 19.60   

Common BV/Share

    $18.39     

Market Cap (in $ millions)

  $ 583   

Tangible BV/Share

    $12.33     

Dividend Yield

    3.06
   

Price/Earnings (LTM)

    12.0   

56 Branches in 11 Western Pennsylvania Counties

 

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Total Annualized Shareholder Return

Includes reinvested dividends except *

(Data as of 06.30.13)

 

     1 YR     3 YR     5 YR     10 YR  

STBA

     9.75     2.88     -4.51     -0.21

NASDAQ Bank

     27.00     12.79     4.55     1.38

KRX-Dow Jones KBW Regional Bank

     20.89     14.98     7.11     -0.34 %* 

S&P 500

     20.76     18.88     7.35     7.37

Source: Bloomberg

 

 

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Senior Management:

Todd D. Brice

President and Chief Executive Officer

Mark Kochvar

Senior Executive Vice President,

Chief Financial Officer

David P. Ruddock

Senior Executive Vice President,

Chief Operating Officer

David G. Antolik

Senior Executive Vice President,

Chief Lending Officer

Investor Relations Contact:

Mark Kochvar

S&T Bancorp, Inc.,

800 Philadelphia Street

Indiana, PA 15701

724.465.4826

mark.kochvar@stbank.net

For more information visit stbancorp.com.

Common stock traded on the NASDAQ under the symbol STBA

Analyst Coverage:

The following analysts published research about S&T Bancorp, Inc. in 2013.

Boenning & Scattergood

Matthew Schultheis 610.832.5290

mschultheis@boenninginc.com

Guggenheim Partners

David Darst 615.208.1224

david.darst@guggenheimpartners.com

Keefe, Bruyette & Woods

Collyn Gilbert 973.549.4092

collyn.gilbert@kbw.com

RBC Capital Markets

Jake Civiello 617.725.2152

jake.civiello@rbccm.com

Sterne Agee

Matthew Breese 207.699.5800

mbreese@sterneagee.com

Financial Highlights:

 

     2Q13     1Q13     2Q12  

Net Income (in $ thousands)

   $ 14,103      $ 12,330      $ 8,660   

Diluted Earnings per Share

   $ 0.47      $ 0.41      $ 0.30   

Dividends Declared per Share

   $ 0.15      $ 0.15      $ 0.15   

Total Assets (in $ millions)

   $ 4,529      $ 4,480      $ 4,347   

Total Loans (in $ millions)

   $ 3,446      $ 3,385      $ 3,198   

Total Deposits (in $ millions)

   $ 3,649      $ 3,446      $ 3,198   

Return on Average Assets

     1.26     1.12     0.80

Return on Average Equity

     10.36     9.25     6.80

Net Interest Margin (FTe)

     3.51     3.49     3.57

Nonperforming Assets/Loans + OREO

     1.11     1.39     2.25

Allowance for Loan Losses/Total Loans

     1.34     1.36     1.46

Net Loan Charge-offs (annualized) / Average Loans

     0.10     0.34     1.02

Risk-based Capital - Total

     14.30     15.60     15.33

Tangible Common Equity/Tangible Assets

     8.43     8.46     7.99

Our Reputation Speaks for Itself…

 

 

AARP

S&T voted one of the best employers for workers over 50 years old.

 

 

FHLBank of Pittsburgh

S&T honored twice with the Pillars of the Community Award.

 

 

S&T Customer Satisfaction Survey

92% of S&T Bank customers say they are highly satisfied with our service.

 

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This document may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially from the results discussed in these statements. These risks are detailed in the company’s latest form 10-Q and 10-K filed with the Securities and Exchange Commission.

This document also contains or references, certain non-GAAP financial measures, such as net interest margin (FTE). Although S&T believes that these measures enhance investors’ understanding of S&T’s business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP, and 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.