July 20, 2009

S&T Bancorp, Inc. Announces Results

INDIANA, Pa., July 20 /PRNewswire-FirstCall/ -- S&T Bancorp, Inc. (Nasdaq: STBA) today announced a net loss of $10.2 million or ($0.37) diluted earnings per share for the quarter ended June 30, 2009 compared to net income of $13.9 million or $0.54 diluted earnings per share for the quarter ended June 30, 2008. For the six months ending June 30, 2009, the net loss was $13.3 million or ($0.48) diluted earnings per share. The decrease in net income and earnings per share for the second quarter 2009 is primarily due to higher provision for loan losses, increased Federal Deposit Insurance Corporation (FDIC) premiums and other-than-temporary impairments.

Todd D. Brice, president and chief executive officer, commented, "We are certainly disappointed in our second quarter earnings performance but believe the increases to provision expense and net loan charge-offs are prudent. We continue to address the credit stress in our commercial loan portfolio and are confident that these aggressive actions and our strong capital position will allow us to successfully work through this difficult period."

During the second quarter of 2009, net charged-off loans were $34.2 million. The most significant charged-off loans were:

    --  $26.5 million of a $30.3 million commercial relationship with an energy
        exploration and drilling company.  Continued decreases in energy
        commodity prices have created going concern issues for the company and a
        collateral liquidation strategy is in process.
    --  $5.3 million on three Florida lot development projects with an aggregate
        balance of $8.8 million were charged down to current market valuations.
        The balance of the commercial relationship of $16.8 million is in
        performing status and comprised of projects primarily located in western
        Pennsylvania.

    --  $1.1 million of a $1.8 million loan for a regional restaurant that
        entered into bankruptcy.

The provision for loan losses was $32.2 million, $21.4 million and $5.6 million for the quarters ending June 30, 2009, March 31, 2009 and December 31, 2008, respectively. The allowance for loan losses to total loans for the same periods was 1.67 percent, 1.70 percent and 1.20 percent, respectively. Included in the $57.9 million allowance for loan losses is $15.0 million of specific reserves for nonperforming and other troubled loans as of June 30, 2009. In addition, the reserve for unfunded commitments, classified separately from the allowance for loan losses, was increased $3.3 million to $4.6 million during the first half of 2009. Also during the first six months of 2009, net charge-offs were $38.4 million or 2.20 percent of average loans on an annualized basis. For the same period of 2008, net charge-offs were $2.1 million or 0.15 percent of average loans on an annualized basis.

Nonperforming loans totaled $71.4 million at June 30, 2009 compared to $92.0 million and $42.5 million as of March 31, 2009 and December 31, 2008, respectively. The nonperforming loans to total loans for the same periods were 2.06 percent, 2.62 percent and 1.19 percent, respectively. The most significant components of nonperforming loans at June 30, 2009 included:

    --  $17.1 million for three commercial real estate projects in the New York
        and Connecticut regions.  Projects include undeveloped land, mixed-use
        commercial properties and a new condominium project.  Specific reserves
        of $6.1 million have been established for these projects.
    --  A $7.9 million commercial real estate relationship consisting of
        multiple retail projects in the western Pennsylvania region.  A $0.1
        million specific reserve has been established.

    --  $7.3 million residual values on remaining collateral for the energy
        related and Florida lot development loans partially charged off this
        quarter.  Collateral values are believed to approximate current market
        values.

Brice commented, "Addressing troubled commercial credits quickly and conservatively has always been, and will continue to be, our credit philosophy. While we have been dealing with some stresses in our commercial loan portfolio, it is noteworthy that our residential mortgage and home equity portfolios continue to perform well as a result of traditionally conservative underwriting and the avoidance of any subprime loan products."

Net interest income on a fully taxable equivalent basis increased by $3.0 million, or 9 percent, to $37.9 million for the second quarter of 2009, as compared to the same period of 2008. For the six months ending June 30, 2009 and 2008, respectively, net interest income on a fully taxable equivalent basis increased $8.8 million or 13 percent. Net interest income was positively affected by the IBT acquisition in the second quarter of 2008, and partially offset by higher delinquent interest. The net interest margin on a fully taxable equivalent basis was 3.86 percent, 3.82 percent and 4.08 percent for the quarters ending June 30, 2009, March 31, 2009 and June 30, 2008, respectively.

Earning assets have decreased $176.2 million over the past six months, primarily due to decreased commercial loan demand and balance sheet deleveraging activities that allow maturing investment securities to reduce borrowings. Residential mortgage and home equity loan applications have achieved record levels during the first six months of 2009 as consumers took advantage of lower interest rates. $59.4 million of residential mortgage loans and $80.2 million of home equity loans were originated during the year-to-date period ending June 30, 2009. Most of the new residential mortgage loans are sold to FNMA in order to minimize the interest rate risk associated with long-term mortgages in loan portfolios.

Deposits decreased $72.6 million during the six-month period primarily due to lower deposit pricings as a result of reduced funding demands for loan growth. However, a $29.7 million increase in demand deposits is especially encouraging since this has been an area of strategic focus in order to deepen our relationship banking philosophy with both commercial and retail customers.

Noninterest income, excluding investment security losses, increased $2.0 million, or 20 percent, for the second quarter of 2009 as compared to the second quarter of 2008. For the six-month period ending June 30, 2009 as compared to the same period in 2008, noninterest income, excluding investment security losses, increased $3.3 million, or 18 percent. The increases are primarily due to record performances in mortgage banking activities, strong debit/credit card revenues and higher deposit fees. Positively affecting debit/credit card and deposit fees was the increased customer base resulting from the IBT merger in the second quarter 2008, as well as organic expansion of demand deposit accounts.

Net investment security losses for the second quarter of 2009 were $1.3 million. The investment security losses for the second quarter of 2009 are primarily due to an other-than-temporary impairment charge for one equity holding. The equity securities portfolio has a market value of $12.5 million and net unrealized losses of $2.7 million as of June 30, 2009, as compared to $13.2 million and $4.0 million of unrealized losses at March 31, 2009.

Noninterest expense increased $10.4 million, or 46 percent, for the second quarter of 2009, as compared to the second quarter 2008 period. For the six-month period ending June 30, 2009 as compared to the same period in 2008, noninterest expense increased $17.9 million, or 44 percent. Significant factors contributing to these increases are higher staff levels, infrastructure costs and core deposit intangible amortization related to the IBT merger, FDIC insurance premiums and surcharges, pension expense, reserve for unfunded loan commitments, other-than-temporary impairment charges for affordable housing partnerships and legal and consulting costs for troubled loans.

On January 16, 2009, S&T received $108.7 million of funds from the U.S. Treasury's Capital Purchase Program through the issuance of preferred stock and warrants for common stock. The purpose of the government program was to promote lending by healthy banks to individuals and businesses in order to stimulate the economy. Expenses associated with this preferred stock were $2.8 million for the six-month period ending June 30, 2009. Brice commented, "Participation in the Capital Purchase Program was a difficult decision for S&T since we were already designated as "well capitalized" by regulatory guidelines. While the additional capital is comforting during these times, our intention is to obtain regulatory approval for returning these funds once a positive direction in the economy becomes more clear." S&T's capital ratios for leverage, Total, Tier I and tangible common capital to tangible assets at June 30, 2009 were 9.56 percent, 14.60 percent, 11.33 percent and 6.23 percent, respectively.

S&T Bancorp, Inc. declared a common stock quarterly dividend of $0.15 per share on June 15, 2009 which is payable on July 24, 2009 to shareholders of record as of June 30, 2009. This dividend represents a 5 percent projected annual yield utilizing the June 30, 2009 closing market price of $12.16.

Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 55 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.2 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market System under the symbol STBA.

This information may contain forward-looking statements regarding future financial performance which are not historical facts and which involve risks and uncertainties. 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, change in interest rates, deposit flows, loan demand, asset quality, including real estate and other collateral values, and competition. In addition to the results of operations presented in accordance with GAAP, S&T management uses, and this press release contains or references, certain non-GAAP financial measures, such as net interest income on a fully tax-equivalent basis and operating revenue. S&T believes these non-GAAP financial measures 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. A reconciliation of these non-GAAP financial measures are presented in the attached financial data spreadsheet. This information should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K for S&T Bancorp, Inc. and subsidiaries.

    S&T Bancorp, Inc.
    Consolidated Selected Financial Data
    June 30, 2009
    (Dollars in thousands, except per share data)

                                                    2008
                                  -------------------------------------------
                                    March       June     September   December
    For the period:                  1Q          2Q          3Q          4Q
                                     --          --          --          --

    Interest Income               $50,458     $50,433     $57,416     $57,811
    Interest Expense               19,909      16,791      18,245      17,226
                                   ------      ------      ------      ------
      Net Interest Income          30,549      33,642      39,171      40,585
      Taxable Equivalent
       Adjustment                   1,148       1,227       1,385       1,388
                                    -----       -----       -----       -----
      Net Interest Income
       (FTE)                       31,697      34,869      40,556      41,973

    Provision For Loan Losses       1,279        (118)      6,156       5,561
                                    -----        ----       -----       -----
      Net Interest Income
       After Provisions (FTE)      30,418      34,987      34,400      36,412
                                   ------      ------      ------      ------

    Security Gains and
     Losses, Net                      611      (1,829)       (341)        (92)

    Service Charges and Fees        2,402       2,754       3,599       3,567
    Wealth Management               1,862       1,907       2,118       2,081
    Insurance                       1,997       2,042       2,073       1,984
    Other                           2,638       3,100       2,811       2,168
                                    -----       -----       -----       -----

      Total Noninterest Income      8,899       9,803      10,601       9,800

    Salaries and Employee
     Benefits                      10,060      10,514      11,725      10,409
    Occupancy and Equip.
     Expense, Net                   2,660       2,636       2,761       2,838
    Data Processing Expense         1,071       1,668       1,365       1,384
    FDIC Expense                       75          74         131         129
    Other                           4,089       7,492       6,358       6,363
                                    -----       -----       -----       -----

      Total Noninterest Expense    17,955      22,384      22,340      21,123
                                   ------      ------      ------      ------

    Income (Loss) Before Taxes     21,973      20,577      22,320      24,997
    Taxable Equivalent Adjustment   1,148       1,227       1,385       1,388
    Applicable Income Taxes         5,969       5,489       5,249       7,809
                                    -----       -----       -----       -----

      Net Income (Loss)            14,856      13,861      15,686      15,800
    Preferred  Stock Dividends          -           -           -           -
                                      ---         ---         ---         ---
    Net Income (Loss)
     Available to Common
     Shareholders                 $14,856     $13,861     $15,686     $15,800
                                  =======     =======     =======     =======

    Per Common Share Data:

    Shares Outstanding at End
     of Period                 24,615,136  27,408,633  27,588,510  27,632,928
    Average Shares
     Outstanding - Diluted     24,680,484  25,503,920  27,602,216  27,722,550
    Net Income (Loss) -
     Diluted                        $0.60       $0.54       $0.57       $0.57
    Dividends Declared              $0.31       $0.31       $0.31       $0.31
    Common Book Value              $14.18      $16.00      $16.34      $16.24
    Tangible Common Book
     Value (5)                     $12.04       $9.52       $9.97       $9.90
    Market Value                   $32.17      $29.06      $36.83      $35.50


                                                              Six months
                                          2009                   ended
                                          ----                -----------
                                   March        June        June        June
    For the period:                  1Q          2Q         2009        2008
                                     --          --         ----        ----

    Interest Income               $50,424     $49,226     $99,650    $100,891
    Interest Expense               14,279      12,677      26,956      36,700
                                   ------      ------      ------      ------
      Net Interest Income          36,145      36,549      72,694      64,191
      Taxable Equivalent
       Adjustment                   1,334       1,311       2,645       2,375
                                    -----       -----       -----       -----
      Net Interest Income
       (FTE)                       37,479      37,860      75,339      66,566

    Provision For Loan Losses      21,389      32,184      53,573       1,161
                                   ------      ------      ------       -----
      Net Interest Income
       After Provisions (FTE)      16,090       5,676      21,766      65,405
                                   ------       -----      ------      ------

    Security Gains and
     Losses, Net                   (1,246)     (1,296)     (2,542)     (1,218)

    Service Charges and Fees        3,056       3,232       6,288       5,156
    Wealth Management               1,743       1,912       3,655       3,769
    Insurance                       1,862       1,985       3,847       4,039
    Other                           3,601       4,624       8,225       5,738
                                    -----       -----       -----       -----

      Total Noninterest Income     10,262      11,753      22,015      18,702

    Salaries and Employee
     Benefits                      11,655      12,698      24,353      20,574
    Occupancy and Equip.
     Expense, Net                   3,082       3,023       6,106       5,296
    Data Processing Expense         1,468       1,542       3,010       2,739
    FDIC Expense                    1,941       3,447       5,388         149
    Other                           7,292      12,052      19,343      11,581
                                    -----      ------      ------      ------

      Total Noninterest Expense    25,438      32,762      58,200      40,339
                                   ------      ------      ------      ------

    Income (Loss) Before Taxes       (332)    (16,629)    (16,961)     42,550
    Taxable Equivalent Adjustment   1,334       1,311       2,645       2,375
    Applicable Income Taxes           176      (9,284)     (9,108)     11,458
                                      ---      ------      ------      ------

      Net Income (Loss)            (1,842)     (8,656)    (10,498)     28,717
    Preferred  Stock Dividends      1,283       1,541       2,824           0
                                    -----       -----       -----         ---
    Net Income (Loss)
     Available to Common
     Shareholders                 ($3,125)   ($10,197)   ($13,322)    $28,717
                                  =======    ========    ========     =======

    Per Common Share Data:

    Shares Outstanding at End
     of Period                 27,637,317  27,654,530  27,654,530  27,408,633
    Average Shares
     Outstanding - Diluted     27,637,292  27,650,937  27,644,152  25,092,202
    Net Income (Loss) -
     Diluted                       ($0.11)     ($0.37)     ($0.48)      $1.14
    Dividends Declared              $0.31       $0.15       $0.46       $0.62
    Common Book Value              $16.01      $15.48      $15.48      $16.00
    Tangible Common Book
     Value (5)                      $9.68       $9.17       $9.17       $9.52
    Market Value                   $21.21      $12.16      $12.16      $29.06



    S&T Bancorp, Inc.
    Consolidated Selected Financial Data
    June 30, 2009
    (Dollars in thousands)
                                                     2008
                                                     ----
                                    March       June      September   December
    Asset Quality Data               1Q          2Q          3Q          4Q
    ------------------               --          --          --          --

    Nonaccrual Loans and
     Nonperforming Loans          $23,212     $15,959     $32,793     $42,466
    Assets Acquired through
     Foreclosure or
     Repossession                     630       1,884       1,111         851
    Nonperforming Assets           23,842      17,843      33,904      43,317
    Allowance for Loan Losses      35,717      38,796      43,235      42,689
    Nonperforming Loans /
     Loans                           0.81%       0.46%       0.92%       1.19%
    Allowance for Loan Losses
     / Loans                         1.25%       1.12%       1.21%       1.20%
    Allowance for Loan Losses
     / Nonperforming Loans            154%        243%        132%        101%
    Net Loan Charge-offs
     (Recoveries)                     (94)      2,224       1,717       6,107
    Net Loan Charge-offs
     (Recoveries) (annualized)/
     Average Loans                  -0.01%       0.29%       0.20%       0.68%

    Balance Sheet (Period-End)
    --------------------------

    Assets                     $3,463,806  $4,353,568  $4,461,085  $4,438,368
    Earning Assets              3,212,919   3,934,187   4,075,431   4,044,970
    Securities                    362,053     466,524     496,844     476,255
    Loans, Gross                2,850,866   3,467,663   3,578,587   3,568,716
    Total Deposits              2,605,187   3,114,560   3,131,882   3,228,416
        Non-Interest Bearing
         Deposits                 471,040     593,339     600,246     600,282
        NOW, Money Market &

         Savings                1,203,833   1,325,755   1,280,816   1,334,324
        CD's $100,000 and over    250,489     329,087     353,167     377,748
        Other Time Deposits       679,825     866,379     897,653     916,062
    Short-term Borrowings         211,391     472,045     552,505     421,894
    Long-term Debt                246,403     281,163     280,921     270,950
    Shareholders' Equity          349,073     438,499     450,717     448,694

    Balance Sheet (Daily Averages)
    ------------------------------

    Assets                     $3,407,665  $3,701,389  $4,346,481  $4,419,465
    Earning Assets              3,198,279   3,434,268   3,961,327   4,042,118
    Securities                    369,400     386,243     472,293     490,754
    Loans, Gross                2,828,762   3,048,024   3,488,843   3,551,179
    Deposits                    2,579,321   2,712,198   3,086,428   3,205,711
    Shareholders' Equity          345,939     377,160     447,941     458,600


                                           2009
                                           ----
                                    March       June
    Asset Quality Data               1Q          2Q
    ------------------               --          --

    Nonaccrual Loans and
     Nonperforming Loans          $92,047     $71,433
    Assets Acquired through
     Foreclosure or
     Repossession                   1,452       2,262
    Nonperforming Assets           93,499      73,695
    Allowance for Loan Losses      59,847      57,875
    Nonperforming Loans /
     Loans                           2.62%       2.06%
    Allowance for Loan Losses
     / Loans                         1.70%       1.67%
    Allowance for Loan Losses
     / Nonperforming Loans             65%         81%
    Net Loan Charge-offs
     (Recoveries)                   4,231      34,156
    Net Loan Charge-offs
     (Recoveries) (annualized)/
     Average Loans                   0.49%       3.91%

    Balance Sheet (Period-End)
    --------------------------

    Assets                     $4,314,540  $4,243,876
    Earning Assets              3,948,774   3,868,782
    Securities                    429,919     409,011
    Loans, Gross                3,518,855   3,459,771
    Total Deposits              3,244,197   3,155,852
        Non-Interest Bearing
         Deposits                 625,325     629,967
        NOW, Money Market &
         Savings                1,264,407   1,170,573
        CD's $100,000 and over    386,441     362,627
        Other Time Deposits       968,024     992,685
    Short-term Borrowings         225,898     291,763
    Long-term Debt                232,282     207,028
    Shareholders' Equity          547,276     533,094

    Balance Sheet (Daily Averages)
    ------------------------------

    Assets                     $4,360,166  $4,304,406
    Earning Assets              3,980,258   3,935,389
    Securities                    445,150     427,285
    Loans, Gross                3,534,064   3,508,104
    Deposits                    3,251,587   3,220,761
    Shareholders' Equity          542,240     549,968



    S&T Bancorp, Inc.
    Consolidated Selected Financial Data
    June 30, 2009
    (Dollars in thousands, except per share data)
                                                     2008
                                                     ----
                                        March    June     September   December
                                          1Q      2Q         3Q          4Q
                                          --      --         --          --
    Profitability Ratios (annualized)
    ---------------------------------
    Common Return on Average Assets     1.75%   1.51%         1.44%     1.42%
    Common Return on Average
     Tangible Common Assets (6)         1.78%   1.54%         1.50%     1.48%
    Common Return on Average
     Shareholders' Equity              17.27%  14.78%        13.93%    13.71%
    Common Return on Average
     Tangible Common Equity (7)        20.37%  19.17%        22.95%    22.19%
    Yield on Earning Assets (FTE)       6.49%   6.05%         5.92%     5.83%
    Cost of Interest Bearing Funds      3.10%   2.43%         2.23%     2.06%
    Net Interest Margin (FTE)(4)        3.99%   4.08%         4.07%     4.13%
    Efficiency Ratio (FTE)(1)          44.23%  50.11%        43.67%    40.80%

    Capitalization Ratios
    ---------------------
    Dividends Paid to Net Income       51.23%  55.05%        54.17%    54.13%
    Common Equity to Assets (8)        10.08%  10.07%        10.10%    10.11%
    Leverage Ratio (2)                  9.28%   8.05%         7.15%     7.30%
    Risk Based Capital - Tier I (3)    10.29%   7.99%         8.23%     8.65%
    Risk Based Capital - Tier II (3)   12.46%  11.12%        11.40%    11.82%
    Tangible Common Equity/Tangible
     Assets (8)                         8.69%   6.25%         6.42%     6.41%

    Definitions and reconciliation of GAAP to non-GAAP financial measures:
    ----------------------------------------------------------------------
    (1)  Recurring non-interest expense divided by recurring non-interest
         income plus net interest income, on a fully taxable equivalent basis.
    (2)  Equity less goodwill to total assets and allowance for loan losses.
    (3)  Effective October 1, 1998, banking regulators require financial
         institutions to include 45% of the pretax net unrealized holding
         gains on available for sale equity securities in Tier 2 capital.
    (4)  Net interest income, on a fully taxable equivalent basis,
         annualized divided by quarter-to-date average earning assets.
    (5)  Tangible Common Book Value
         Common book value (GAAP
          basis)                      $14.18  $16.00        $16.34    $16.24
         Effect of excluding
          intangible assets            (2.14)  (6.48)        (6.37)    (6.34)
                                       -----   -----         -----     -----
         Tangible common book value   $12.04   $9.52         $9.97     $9.90

    (6)  Common Return on Average
          Tangible Common Assets
         Common return on average assets
          (GAAP basis)                  1.75%   1.51%         1.44%     1.42%
         Effect of excluding intangible
          assets                        0.03%   0.03%         0.06%     0.06%
                                        ----    ----          ----      ----
         Common return on average
          tangible common assets        1.78%   1.54%         1.50%     1.48%

    (7)  Common Return on Average
          Tangible Common Equity
         Common return on average equity
          (GAAP basis)                 17.27%  14.78%        13.93%    13.71%
         Effect of excluding intangible
          assets                        3.10%   4.39%         9.02%     8.48%
         Effect of excluding preferred
          stock                            -       -             -         -
                                        ----    ----          ----      ----
         Common return on average
          tangible common equity       20.37%  19.17%        22.95%    22.19%

    (8)  Tangible Common Equity /
          Tangible Assets
         Common equity / Assets (GAAP
          basis)                       10.08%  10.07%        10.10%    10.11%
         Effect of excluding intangible
          assets                       -1.39%  -3.82%        -3.68%    -3.70%
                                       -----   -----         -----     -----
         Tangible common equity /
          Tangible assets               8.69%   6.25%         6.42%     6.41%


                                           2009                Year-to-date
                                           ----                ------------
                                      March    June           June      June
                                        1Q      2Q            2009      2008
                                        --      --            ----      ----
    Profitability Ratios (annualized)
    ---------------------------------
    Common Return on Average Assets    -0.29%  -0.95%        -0.62%     1.62%
    Common Return on Average
     Tangible Common Assets (6)        -0.30%  -0.99%        -0.65%     1.66%
    Common Return on Average
     Shareholders' Equity              -2.34%  -7.44%        -4.92%    15.97%
    Common Return on Average
     Tangible Common Equity (7)        -4.53% -15.13%        -9.77%    19.90%
    Yield on Earning Assets (FTE)       5.27%   5.16%         5.21%     6.26%
    Cost of Interest Bearing Funds      1.82%   1.65%         1.73%     2.75%
    Net Interest Margin (FTE)(4)        3.82%   3.86%         3.84%     4.04%
    Efficiency Ratio (FTE)(1)          53.28%  66.04%        59.78%    47.31%
                                                             -----

    Capitalization Ratios
    ---------------------
    Dividends Paid to Net Income     -273.87% -84.02%
    Common Equity to Assets (8)        10.26%  10.09%
    Leverage Ratio (2)                  9.73%   9.56%
    Risk Based Capital - Tier I (3)    11.58%  11.33%
    Risk Based Capital - Tier II (3)   14.82%  14.60%
    Tangible Common Equity/Tangible
     Assets (8)                         6.46%   6.23%

    Definitions and reconciliation of GAAP to non-GAAP financial measures:
    ----------------------------------------------------------------------
    (1)  Recurring non-interest expense divided by recurring non-interest
         income plus net interest income, on a fully taxable equivalent basis.
    (2)  Equity less goodwill to total assets and allowance for loan losses.
    (3)  Effective October 1, 1998, banking regulators require financial
         institutions to include 45% of the pretax net unrealized holding
         gains on available for sale equity securities in Tier 2 capital.
    (4)  Net interest income, on a fully taxable equivalent basis,
         annualized divided by quarter-to-date average earning assets.
    (5)  Tangible Common Book Value
         Common book value (GAAP
          basis)                      $16.01  $15.48        $15.48    $16.00
         Effect of excluding intangible
          assets                       (6.33)  (6.31)        (6.31)    (6.48)
                                       -----   -----         -----     -----
         Tangible common book value    $9.68   $9.17         $9.17     $9.52

    (6)  Common Return on Average
          Tangible Common Assets
         Common return on average assets
          (GAAP basis)                 -0.29%  -0.95%        -0.62%     1.62%
         Effect of excluding intangible
          assets                       -0.01%  -0.04%        -0.03%     0.04%
                                       -----   -----         -----      ----
         Common return on average
          tangible common assets       -0.30%  -0.99%        -0.65%     1.66%

    (7)  Common Return on Average
          Tangible Common Equity
         Common return on average equity
          (GAAP basis)                 -2.34%  -7.44%        -4.92%    15.97%
         Effect of excluding intangible
          assets                       -1.08%  -4.23%        -2.53%     3.93%
         Effect of excluding preferred
          stock                        -1.11%  -3.46%        -2.32%        -
                                       -----   -----         -----      ----
         Common return on average
          tangible common equity       -4.53% -15.13%        -9.77%    19.90%

    (8)  Tangible Common Equity /
          Tangible Assets
         Common equity / Assets (GAAP
          basis)                       10.26%  10.09%
         Effect of excluding intangible
          assets                       -3.80%  -3.86%
                                       -----   -----
         Tangible common equity /
          Tangible assets               6.46%   6.23%

SOURCE S&T Bancorp, Inc.


Contact: Robert E. Rout, Chief Administrative and Chief Financial Officer, +1-724-465-1487


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