STBA FY 2019 Earnings Report — S&T Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

S&T Bancorp, Inc.STBA

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$373M	—	$337M	—	10.7%
Op. Income	$117M	—	$123M	—	-4.7%
Gross Margin	76.3%	—	79.1%	—	-2.9pp
Net Margin	26.3%	—	31.2%	—	-4.9pp
EPS (Diluted)	$2.48	—	$3.01	—	-17.6%
Free Cash Flow	$133M	—	$124M	—	7.6%

Revenue Flow

Item	Amount
REVENUE	$373M
Cost of Revenue	$89M
GROSS PROFIT	$284M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$85M
SG&A Expenses	$89M
Other Expenses	$78M
Operating Expenses	$167M
Cost & Expenses	$256M
OPERATING INCOME	$117M
Interest Income	$319M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$19M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$12M
EBIT	$117M
EBITDA	$129M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$373M
Cost of Revenue	$89M
GROSS PROFIT	$284M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$85M
SG&A Expenses	$89M
Other Expenses	$78M
Operating Expenses	$167M
Cost & Expenses	$256M
OPERATING INCOME	$117M
Interest Income	$319M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$19M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$12M
EBIT	$117M
EBITDA	$129M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$98M
Depreciation & Amortization	$12M
Stock-Based Compensation	$2M
Deferred Income Tax	-$381.0K
Other Non-Cash Items	$16M
Change in Working Capital	$10M
OPERATING CASH FLOW	$138M
Capital Expenditure	-$5M
Acquisitions (Net)	$64M
Purchases of Investments	-$130M
Sales/Maturities of Investments	$152M
Other Investing Activities	-$292M
NET CASH FROM INVESTING	-$211M
Net Debt Issuance	-$226M
Common Stock Repurchased	-$19M
Common Dividends Paid	-$37M
Other Financing Activities	$397M
NET CASH FROM FINANCING	$114M
FREE CASH FLOW	$133M
Net Change in Cash	$42M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$784M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$982M
PP&E (Net)	$57M
Goodwill	$372M
Intangible Assets	$11M
Long-Term Investments	$7.1B
Tax Assets	$0
Other Non-Current Assets	$263M
TOTAL NON-CURRENT ASSETS	$7.8B
TOTAL ASSETS	$8.8B
Account Payables	$0
Short-Term Debt	$301M
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$7.3B
Long-Term Debt	$115M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$120M
TOTAL NON-CURRENT LIABILITIES	$235M
TOTAL LIABILITIES	$7.6B
Common Stock	$104M
Additional Paid-In Capital	$400M
Retained Earnings	$761M
Treasury Stock	-$61M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$8.8B
Total Debt	$416M
Net Debt	$219M