S&T Bancorp : 1Q26 Investor Presentation

Published: 2026-05-04 17:08:27 ET STBA

Published on 05/04/2026 at 05:08 pm EDT

First Quarter 2026

Christopher J. McComish

Chief Executive Officer

Mark Kochvar

Chief Financial Officer

Founded in Indiana, PA in 1902

Stock symbol: STBA

1,200 team members providing exceptional customer satisfaction at more than 70 locations

Footprint comprises

9.8 million people

and 222,000 businesses

Serving 131,000 households in Pennsylvania and Ohio

Akron

Indiana

Harrisburg

Columbus Pittsburgh Philadelphia

City Branch 4

VALUES

Building our future together

through people-forward banking

DRIVERS

Deposit franchise Core profitability Asset quality

Talent & engagement

Performance Drivers and Targets(1)

Deposit Franchise

Core Profitability

Asset Quality

Goals

Loans/Deposits

below median

PPNR/Avg Assets*

top quartile

NCO/Loans

below median

Valuation

Cost of Deposits

below median

NIM (FTE)*

above median

NPA/Loans & OREO

below median

Price/Tangible Book Value

top quartile

Total Shareholder Return

top quartile

Talent & Engagement

Enterprise Risk Management

(1)Targets are measured against our peer group. Refer to appendix.

*Non-GAAP financial measure. 6

Organic Growth

Capital Management

Execute customer growth strategies to improve operating leverage

Strategically manage capital through organic growth, selective M&A and share repurchases

Asset Quality

Maintain strong asset quality through

disciplined credit risk management practices

Customer Type

Consumers and small businesses <$1 million revenue

$1 - $15 million revenue > $15 million revenue

Households

131,000 125,000

(95% of total)

5,000

(4% of total)

1,000

(1% of total)

Deposits * Loans Strategy

Data as of March 31, 2026

*Excludes brokered deposit of $100.0 million

$8.0B

$5.6B

(70% of total)

$2.1B

(26% of total)

Acquire and deepen households using a data-enabled framework

Drive deposit growth through relationship-led execution with

data-enabled tools and enhanced digital engagement

$0.8B

(10% of total)

$1.2B

(15% of total)

Evolving from an asset generating focus to a more balanced deposit-led strategy

Drive deposit growth through Treasury Management solutions including digital offerings

$1.6B

(20% of total)

$4.7B

(59% of total)

Consistent growth through further penetration of C&I in existing footprint with strategic expansion of CRE

Drive deposit growth through increased Treasury Management penetration including enhanced payments capabilities

Loan and deposit balances are presented based on internal line-of-business classification and do not reconcile to loans and deposits elsewhere within this presentation. 8

Strong capital position provides flexibility to support organic growth, to pursue selective acquisitions and repurchase shares

Total share repurchases for both 4Q25 and 1Q26 were 2,094,370 shares at an average price of $40.99 per share totaling $85.8 million

The remaining capacity under the existing share repurchase program was $50.4 million at

March 31, 2026

STBA approved a $0.37 per share cash dividend on April 29, 2026. This is an increase of $0.01, or

2.78 percent, compared 4Q25 and an increase of $0.03, or 8.82 percent, compared to 1Q25.

1Q 2026

Dollars in millions

*Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 9

M&A Target Priorities

Existing or contiguous market expansion with institutions

$1 - $6 billion in assets

Enhancement of deposit franchise

Access to growing markets

Alignment of cultures

S&T Preparedness

Record levels of capital

Strong performer with solid return metrics

Infrastructure for growth

Foundation built for enhanced regulatory oversight

Strong leadership team blending legacy with new large-bank expertise

Industry leading employee engagement and customer loyalty

Asset Quality Highlights

Asset quality improvement reflects a

multi-year strategic focus on strengthening credit risk management practices

Criticized and classified loans have declined materially since 2022, positively impacting earnings in both 2024 and 2025 with a lower level of allowance for credit losses

Allowance for credit losses reflects reduced credit risk and aligns with peer median

(1)*

Peer

(1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence.

*4Q25 Peer Data 11

HIGHLIGHTS

Solid earnings and return metrics

EPS growth of 5.6% from 4Q25 and 8.0% from 1Q25

ROTE* of 13.22% impacted by strong

EARNINGS

RETURN METRICS

BALANCE

EPS

$0.94

ROA 1.44%

ROTE* 13.22%

Loan decline

Net Income

$35.1 million

ROE 9.77%

PPNR* 1.87%

Deposit growth

earnings and $49.6 million of shares

repurchased in 1Q26

Strong NIM (FTE)* at 3.92%

SHEET

$112.6 million 5.7% (annualized)

$226.4 million 11.5% (annualized)

Broad-based deposit growth of

$226.4 million (11.5% annualized)

NPAs decreased $5.7 million and net

ASSET

QUALITY

ACL 1.17%

NCO(1) 0.09%

NPA 0.63%

charge-offs were low at $1.7 million

OTHER

NIM (FTE)* 3.92%

Efficiency Ratio (FTE)* 55.23%

(1)QTD Annualized

Dollars in millions

*Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 12

1.48%

1.56%

1.37%

1.38%

1.44%

Peer(1)

RETURN ON AVER AGE ASSETS

1.6%

1.2%

0.8%

12.5%

10.0%

7.5%

5.0%

11.47%

11.80%

9.86%

9.29%

Peer(1)

9.77%

RETURN ON AVER AGE EQUITY

0.4%

2.5%

0.0%

2022 2023 2024 2025 1Q 2026

0.0%

2022 2023 2024 2025 1Q 2026

20.0%

15.0%

RETURN ON AVER AGE TANGIBLE EQUITY *

17.02%

17.15%

13.84%

12.62%

Peer(1) 13.22%

2.4%

1.8%

PPNR /AVER AGE ASSETS *

10.0%

1.2%

5.0%

0.0%

2022 2023 2024 2025 1Q 2026

0.6%

0.0%

2.12%

1.93%

1.77%

1.82%

1.87%

Peer(1)

2022 2023 2024 2025 1Q 2026

(1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. (*)Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 13

Customer deposit growth of $306.5 million (16.0% annualized)

Reduced wholesale funding by $195.1 million

DDA remains strong at 28% of total deposits

Loan balances declined due to lower fundings, reduced line utilization and higher CRE payoffs

1Q26 vs 4Q25 DEPOSIT CHANGES

DECREASES/INCREASES

1Q26 vs 4Q25:

(150) (100) (50) 0 50 100 150 200 250

Cash & Int Bear Bal

Securities

Loans

Total Deposits

Borrowings

1Q26 4Q25 Var

$ 339 $ 163 $ 176

1,010 988 22

7,959 8,072 (113)

8,185 7,959 226

150 265 (115)

Dollars in millions 14

Our loan portfolio is well-diversified:

Amount

% of Total

CRE

$3,532

44%

Consumer

$2,512

32%

C&I

1,511

19%

Construction

404

Total

$7,959

100%

Dollars in millions 15

We have a strong, well-diversified deposit base of more than 130,000 households:

Amount

% of Total

DDA

$2,273

28%

2,265

28%

CDs

1,980

24%

Savings

883

11%

Int Bear DDA

784

Total

$8,185

100%

Other 1%

Amount % of Total

Consumer

$5,642

Commercial

1,583

Business

784

Brokered

100

Other

69%

19%

10%

Total $8,185 100%

Business 1% Commercial 1%

Business

Business 1%

Comm

Dollars in millions 16

Strong liquidity position with well-diversified deposit base

Significant funding availability through FHLB and Federal Reserve

Insured and collateralized municipal deposits comprise 69% of total deposits

Funding availability meets liquidity needs in both normal and stressed environments

INSURED/UNINSURED DEPOSITS

FUNDING SOURCES

Capacity Used Available

FHLB $2,117 $266 $1,851

Federal Reserve 2,115 - 2,115

Total Funding Sources $4,232 $266 $3,966

Available Funding

Uninsured Deposits

$3,966

=135%

$2,927

Dollars in millions 17

ACL was stable at 1.17% compared to 1.15% at December 31, 2025

Net loan charge-offs of $1.7 million, or 0.09% of total loans

NPAs decreased $5.7 million to

$49.9 million, or 0.63% of total loans plus OREO

ACL Trend:

Allowance for Credit Losses (ACL)

$20

$16

$12

$(4)

ASSET QUALITY TRENDS

Net Loan Charge-offs/(R ecoveries)

1Q25 2Q25 3Q25 4Q25 1Q26

Nonperforming Assets

(1)

1.00%

% of Average Loans

0.80%

0.60%

0.40%

0.20%

0.00%

(0.20)%

% of Gross Loans

$120

$100

$80

$60

$40

$20

1Q25 2Q25 3Q25 4Q25 1Q26

1.50%

1.25%

1.00%

0.75%

0.50%

0.25%

0.00%

$80

$60

$40

$20

1Q25 2Q25 3Q25 4Q25 1Q26

1.00%

% of Portfolio Loans and OREO

0.75%

0.50%

0.25%

0.00%

(1)QTD Annualized Dollars in millions 18

3.81%

3.88%

3.93%

3.99%

3.92%

3.80%

3.68%

3.72%

3.55%

3.38%

$89.2

$91.0

$83.3

$86.6

$88.4

Strong NIM (FTE)* at 3.92%

Cost of funds declined 8 basis points due to lower rates on deposits and reduced levels of borrowings and brokered CDs

Net interest income increased $5.1 million, or 6.1%, from 1Q25

Total Cost of Funds

2.08%

2.05%

1.94%

1.86%

(0.12)%

0.00%

(0.03)%

1Q25 2Q25 3Q25 4Q25 1Q26

(1)

NII

(0.08)%

(0.11)%

1Q25 2Q25 3Q25 4Q25 1Q26

Changes in Cost of Funds

(1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence.

Dollars in millions

*Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 19

Customer activity seasonally slower

$12.7

1Q26

1Q26 vs

4Q25

1Q26 vs

1Q25

Debit and Credit Card

$4.3

($0.5)

$0.1

Service Charges

4.2

0.2

Investment Services and Trust

3.4

0.2

0.3

Loss on Sale of Securities

2.3

Other 1.7 (0.4) 0.3

Noninterest Income $13.6 ($0.7) $3.2

Dollars in millions 20

Disclaimer

S&T Bancorp Inc. published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 04, 2026 at 21:00 UTC.