S&T Bancorp, Inc. (NASDAQ:STBA) Q2 2023 Earnings Conference Call July 20, 2023 1:00 PM ET Company Participants Mark Kochvar - Chief Financial Officer Chris McComish - Chief Executive Officer Dave Antolik - President Conference Call Participants Daniel Tamayo - Raymond James Michael Perito - KBW Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Welcome to the S&T Bancorp Second Quarter 2023 Conference Call. After the management's remarks, there will be a question-and-answer sess ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Securities registered pursuant to Section 12(b) of the Act: OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file n ...

• CD increase mostly due to migration; $88 million of net new money o DEPOSIT MIGRATION FROM/TO $300 $200 $153 $100 $17 $0 ($88) ($100) ($200) DDA NOW CD Total MM SAV Dollars in millions Funding Capacity Capacity Used Available FHLB $2,965 $624 $2,341 Federal Reserve Window 794 0 794 Federal Reserve BTLF 731 0 731 Total Funding Sources $4,490 $624 $3,866 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------|-------------------|----------|--------------------------------- ...

S&T Bancorp, Inc. (NASDAQ:STBA) Q1 2023 Earnings Conference Call April 20, 2023 1:00 PM ET Company Participants Mark Kochvar - Chief Financial Officer Chris McComish - Chief Executive Officer Dave Antolik - President Conference Call Participants Daniel Tamayo - Raymond James Michael Perito - KBW Manuel Navas - D.A. Davidson Matthew Breese - Stephens Operator Welcome to the S&T Bancorp First Quarter 2023 Conference Call. After the management remarks, there will be a question-and-answer session. Now I’d like ...

Financial Performance Highlights - Net interest income increased by $5.3 million, representing a 6% increase, driven by higher interest rates[5] - Net Interest Margin (NIM) expanded by 29 basis points to 4.33% due to higher interest rates[5] - Full year 2022 Return on Average Assets (ROA) was 1.48%[61] - Full year 2022 Return on Average Equity (ROE) was 11.47%[61] - The company declared a dividend of $0.32, a 10.3% increase compared to the same period in the prior year[59] Balance Sheet and Asset Quality - Total loans reached $7.2 billion[66] - Total deposits amounted to $7.2 billion[66] - Nonperforming assets decreased by 23%, or $6.7 million[81] - Commercial Real Estate loans accounted for 44% of the total loan mix at $3,128 million[11,13] - Consumer loans accounted for 27% of the total loan mix at $1,938 million[11,13] Deposit Mix - Demand Deposit Accounts (DDA) represent 36% of total deposits, amounting to $2,589 million[17,22] - Money Market accounts represent 24% of total deposits, amounting to $1,731 million[18,22] - Savings accounts represent 15% of total deposits, amounting to $1,118 million[19,22] - Certificates of Deposit (CDs) represent 13% of total deposits, amounting to $935 million[20,22] - Interest Bearing DDA represent 12% of total deposits, amounting to $847 million[21,22]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12508 S&T BANCORP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-1434426 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - The company reported record earnings of $3.46 per share and $136 million in net income, an increase of approximately $25 million compared to the previous year [3] - Net interest income increased by $5.3 million or 6.3% compared to the third quarter, with a net interest margin (NIM) of 4.33%, up 29 basis points from the previous quarter [73] - The return on tangible equity (ROTE) was reported at 20.36% with a pre-provision net revenue (PPNR) of $2.36 [101] Business Line Data and Key Metrics Changes - Total portfolio loans increased by $87 million or 4.9% annually, primarily driven by consumer activity, with residential mortgage production booked to the balance sheet [63] - Noninterest income increased by about $883,000 in the fourth quarter compared to the third quarter, largely due to a gain on the sale of an OREO property [6] - The commercial banking sector saw slight increases in balances in commercial and industrial (C&I) and commercial real estate construction categories, with expectations for stable growth in the low to mid-single digits for the first half of 2023 [4] Market Data and Key Metrics Changes - Interest-bearing deposits increased by 50 basis points compared to the last quarter, with a notable interest in short-term certificates of deposit [31] - Deposits for the quarter were down $191 million due to a competitive rate environment, indicating a runoff in deposits [72] - The company expects mid-single-digit loan growth for 2023, with a focus on maintaining deposit quality amidst rate pressures [48] Company Strategy and Development Direction - The company is focused on building a "people forward" future, emphasizing customer relationships and engagement as a core strategy for growth [2] - There is a strong emphasis on treasury management as a growth focus, with plans to enhance digital banking offerings and align incentive plans around deposit franchise [15][36] - The company is preparing for potential M&A opportunities, focusing on building relationships and understanding strategic fits in the market [95] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financial performance and opportunities heading into 2023, despite economic pressures [3] - The company anticipates NIM improvement to moderate in the first half of 2023, with potential compression in the latter half as deposit betas catch up [104] - There is a focus on maintaining a high-quality deposit franchise to support growth and mitigate margin compression [25][111] Other Important Information - The efficiency ratio improved to below 50%, reflecting strong revenue performance despite some expense growth due to investments in people and infrastructure [74][101] - The company extended its buyback authorization through March 2024, with $29.8 million remaining [32] Q&A Session Summary Question: What are the expectations for deposit growth in 2023? - Management indicated modest expectations for deposit growth, focusing on improving the quality of deposits rather than significant increases in balances [24] Question: How is the company preparing for potential M&A opportunities? - The company is focused on building relationships and understanding strategic fits, with a preparation for future consolidations [95] Question: What is the outlook for loan growth in 2023? - The company expects mid-single-digit loan growth, with a focus on asset growth to drive revenue [48]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12508 S&T BANCORP INC. (Exact name of registrant ...

S&T Bancorp, Inc. (NASDAQ:STBA) Q3 2022 Earnings Conference Call October 20, 2022 1:00 PM ET Company Participants Mark Kochvar - Chief Financial Officer Chris McComish - Chief Executive Officer Dave Antolik - President Conference Call Participants Daniel Tamayo - Raymond James Michael Perito - KBW Matthew Breese - Stephens, Inc. Daniel Cardenas - Janney Montgomery Scott Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the S&T Bancorp’s Third Quarter Earnings Conference Call. At ...

Third Quarter 2022 Earnings Supplement Forward Looking Statements and Risk Factors 2 This information contains or incorporates statements that we believe are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position and ...