STBA FY 2013 Earnings Report — S&T Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

S&T Bancorp, Inc.STBA

FY 2013 Earnings

Reported February 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$202M	—	$208M	—	-2.9%
Op. Income	$65M	—	$41M	—	56.8%
Gross Margin	88.7%	—	78.9%	—	9.7pp
Net Margin	25.0%	—	16.4%	—	8.6pp
EPS (Diluted)	$1.70	—	$1.15	—	47.8%
Free Cash Flow	$83M	—	$82M	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$202M
Cost of Revenue	$23M
GROSS PROFIT	$179M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$76M
SG&A Expenses	$79M
Other Expenses	$36M
Operating Expenses	$114M
Cost & Expenses	$137M
OPERATING INCOME	$65M
Interest Income	$153M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$65M
Income Tax Expense	$14M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$5M
EBIT	$65M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$202M
Cost of Revenue	$23M
GROSS PROFIT	$179M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$76M
SG&A Expenses	$79M
Other Expenses	$36M
Operating Expenses	$114M
Cost & Expenses	$137M
OPERATING INCOME	$65M
Interest Income	$153M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$65M
Income Tax Expense	$14M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$5M
EBIT	$65M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$5M
Stock-Based Compensation	$687.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$29M
Change in Working Capital	$3M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$3M
Acquisitions (Net)	$5M
Purchases of Investments	-$145M
Sales/Maturities of Investments	$67M
Other Investing Activities	-$234M
NET CASH FROM INVESTING	-$310M
Net Debt Issuance	$8M
Common Stock Repurchased	-$88.0K
Common Dividends Paid	-$18M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$83M
Net Change in Cash	-$229M

Balance Sheet

Item	Amount
Cash & Equivalents	$108M
Short-Term Investments	$509M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$618M
PP&E (Net)	$37M
Goodwill	$176M
Intangible Assets	$4M
Long-Term Investments	$3.5B
Tax Assets	$0
Other Non-Current Assets	$177M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.5B
Account Payables	$0
Short-Term Debt	$174M
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$67M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$116M
TOTAL LIABILITIES	$4.0B
Common Stock	$78M
Additional Paid-In Capital	$78M
Retained Earnings	$468M
Treasury Stock	-$40M
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$571M
Minority Interest	$0
TOTAL EQUITY	$571M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$241M
Net Debt	$133M