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Annual Meeting of S tockholders May 21, 2019

Annual Meeting of S tockholders May 21, 2019. Safe Harbor Statement.

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Annual Meeting of S tockholders May 21, 2019

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  1. Annual Meeting ofStockholders May 21, 2019

  2. Safe HarborStatement This document contains certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." There are several factors that could cause actual results to differ significantly from expectations described in the forward-looking statements. For a discussion of such factors, please see Standard AVB Financial’s more recent reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission and available on the SEC's website at www.sec.gov. Standard AVB Financial does not undertake any obligation to update the forward-looking statements made in thisdocument. 2

  3. An Overview of StandardAVB Standard AVB Financial Corp. is the holding company for Standard Bank which is headquartered in Monroeville and has its primary commercial banking hub in Lawrenceville, Pennsylvania. Standard Bank was organized in1913 In 2010 completed full conversion transaction raising $34.8 million of gross proceeds andtrades under the symbolSTND. In 2017 completed merger with AlleghenyValley Bancorp, Inc. for approximately $56.5 millionor $53.85 pershare. On May 25, 2018 rejoined Nasdaq andbegan trading on the Nasdaq CapitalMarket. Operates 17 full-service community bankingoffices throughout southwestern Pennsylvania and WesternMaryland At March 31, 2019, the Bank had $989.8 millionin total assets, $724.6 million in net loans, $743.4 million in deposits, 97.5% loans to depositsand $140.1 million in totalequity. 3 Source: S&P Global MarketIntelligence.

  4. ManagementTeam 4

  5. BusinessStrategy Remaining a community-oriented financial institution emphasizing building broad based relationships with consumers andbusinesses. Focusing on increasing the interest ratemargin: Increasing commercial real estate and business lending while maintaining conservative loan underwritingstandards. Expanding the product mix and capacity to sell long-term fixed rate residential loans in the secondary mortgagemarket. Emphasizing core deposits, especially transactionaccounts. Rationalizing delivery channels as customer preferencesevolve. Ongoing bank-wide emphasis on cost savings andefficiency. Considering future expansion and whole-bank acquisitions, although there are no current arrangements or agreements with respect to any suchacquisitions. 5

  6. An Overview of StandardAVB Stock Price on5/16/19 $27.32 Regular DividendYield 3.24% Total Market Cap(mm) $131.8 LTMPayoutRatio47.02% Tangible Book Value PerShare $23.22 Ownership* Price/TangibleBook 117.66% Institutional(atleast) 26.90% Insider** 18.11% Price/MRQEPS 14.53x 6 * Source: Nasdaq Online. ** Includes 5.28% of the shares of common stock outstanding owned by the ESOP. Source: S&P Global MarketIntelligence.

  7. Key Accomplishments in2018 • Stock has performed well in comparison to thepeergroup. Consistent and strong dividend. • Company shares are now traded onNASDAQ. • Developed a long term strategic plan for the combinedCompany. • Credit quality remains a corestrength. • Recognized solid core depositgrowth. • Hired a new Chief LendingOfficer. • Focused on process improvements andoperationalefficiency. Completed the SOX (404) documentation and implementationproject. 7

  8. Total Assets andLoans Good loan production offset by unusually large loan payoffs andrepayments $1,100 $989.8 $972.6 $971.8 $1,000 $900 $800 Net loans $747.0M $729.0M $724.6M $700 $600 488.0 $500 $381.5M $400 $300 12/31/2016 12/31/2017 12/31/2018 3/31/2019 8

  9. LoanComposition 12/31/2017 12/31/2018 OtherLoans, 0.2% Commercial Loans,7.5% OtherLoans, 0.2% Commercial Loans,6.3% Home Equity Loans & Lines of Credit,16.8% One-to Four- Family Residential and Construction Loans,34.6% Home Equity Loans &Lines of Credit, 17.4% One-to Four- Family Residential and Construction Loans,34.8% Commercial and Multi- Family Real Estate,42.1% Commercial and Multi- Family Real Estate,40.1% 9 Commercial real estate per definition in regulatory guidance: includes non-owner occupied real estate, multifamily loans, construction and development loans and loans to finance commercial realestate, construction andlanddevelopmentactivitiesnotsecuredbyrealestate;shownatbanklevel.TRBC=TangibleRiskBasedCapital.Source:CompanydocumentsandS&PGlobalMarketIntelligence.

  10. Lending • Continue to build strong, mutually beneficial and profitable customerrelationships. • Deploy resources to expand commercial business and real estate loans in the portfolio. • Offer a full breadth of residentialmortgageproducts. Sell the majority of longterm • / fixed rateloans. • Expand customer relationships by cross-selling products and services that are right for thecustomer. • Expand corporate cash/treasury management products and services focusing on low cost businessdeposits. • Maintain solid creditquality. 10

  11. AssetQuality STND’s asset quality remains strong and better than itspeers. 1.25% 1.00% 0.99% 0.92% 0.87% 0.75% 0.50% 0.33% 0.34% 0.31% 0.25% 0.00% 12/31/2017 12/31/2018 3/31/2019 Peer 50th Percentile NPAs /Assets STND NPAs /Assets 11 Peer group detailed on page25

  12. Loan Loss ReserveCoverage Reserve coverage reflects the impact of the merger since AVB’s loan portfolio was marked to market. Reserve coverage relates only to the non-marked portion of theportfolio. 1.20% 1.10% 1.00% 1.00% 0.90% 0.80% 0.70% 0.60% 0.60% 0.60% 0.55% 0.50% 0.39% 0.37% 0.40% 0.34% 0.30% 0.20% 0.20% 0.10% 12/31/2016 12/31/2017 LLR /Loans 12/31/2018 NPLs /Loans 3/31/2019 12

  13. Core DepositGrowth Consistently focus on building broader customer relationships and targeting small/medium sized business customers to increase coredeposits. $800 $743.4 $717.9 $694.8 $700 $600 69.5% 65.6% 66.8% $500 $400 $362.2 62.0% $300 $200 $100 $0 12/31/2016 12/31/2017 12/31/2018 TimeDeposits Demand, Savings & ClubAccounts 3/31/2019 13 Dollars inthousands.

  14. Net InterestMargin Reflects the impact of the flat, partially inverted U.S. Treasury yieldcurve. Intense pressure on the margin with increasing deposit costs and essentially flat pricing forloans. 4.50% 4.00% 3.72% 3.65% 3.63% 3.59% 3.52% 3.50% 3.45% 3.44% 3.34% 3.27% 3.23% 3.23% 3.21% 3.18% 3.15% 3.00% 2.50% 9/30/2017 12/31/2017 3/31/2018 6/30/2018 9/30/2018 Peer 50th PercentileNIM 12/31/2018 3/31/2019 STNDNIM 14 Peer group detailed on page25

  15. Expense Control Emphasis remains on maximizing technology and efficiency ofoperations. 80.00% 69.64% 69.45% 69.11% 68.92% 70.00% 67.20% 66.69% 65.54% 65.53% 63.80% 63.45% 63.77% 61.56% 60.72% 60.06% 60.00% 50.00% 40.00% 30.00% 9/30/201712/31/20173/31/2018 STND EfficiencyRatio 6/30/20189/30/201812/31/20183/31/2019 Peer 50th Percentile EfficiencyRatio 15 Peer group detailed on page25

  16. Quarterly Net Income (EPSBasic) $10,000 Dollars inthousands $0.70 $9,000 $0.60 $8,000 $0.54 $0.51 $7,000 $0.50 $0.47 $0.47 $6,000 $0.40 $5,000 $0.38 $4,000 $0.30 $3,000 $2,494 $2,380 $2,000 $2,160 $2,169 $0.20 $1,768 $1,000 $0 $0.10 3/31/2018(1) 6/30/2018 9/30/2018 12/31/2018(2) EPS(Basic) 3/31/2019 NetIncome 16 Net income for 03/31/18 includes severance of$510,000. Net income for 12/31/18 includes mark to market loss on equity securities of$471,000.

  17. Enhancing ShareholderValue • January 2016: Announced an increase in the quarterly cash dividend from $0.085to • $0.11 pershare • April 2017: Announced an increase in the quarterly cash dividend to $0.221 pershare • December 2018: Announced a 5% stock repurchaseprogram 17 Financial data is presented for Standard’s fiscal year ended December 31 for each respectiveyear. * Dividends per share of $0.221 paid in the 1st quarter of2019.

  18. STND Stock Price Chart SinceIPO October 6, 2010 – May 16,2019 $40.00 RejoinedNasdaq May 25,2018 Merger with AlleghenyValley $35.00 Bancorp $30.00 $27.32 $25.00 $20.00 $15.00 $10.00 18 Source: S&P Global Market Intelligence. As of05/16/19.

  19. STND Relative Index Chart Since1/1/17 140% 130% 120% RelativeChange 110% 8.41% 100% (5.01)% 90% 80% STND NASDAQBank 19 Source: S&P Global Market Intelligence. As of05/16/19.

  20. Relationship Organizations /Boards We are committed to making a noticeable, positive contribution to the social and economic well-being in the markets we serve. This includes improving and enhancing communities through support, service, andfunds. Mon ValleyInitiative Greater Pittsburgh FoodBank PCRG Pittsburgh Community ReinvestmentGroup Housing Authority of the County ofBedford.

  21. • • • • • • • • • • • Achieva AcmeProviders Adelphoi American Red Cross - Westmoreland Angela'sAngels Art Expression,Inc. Big Brothers Big Sisters - Greensburg Big Brothers Big Sisters - Laurel Region Big Brothers Big Sisters - Pittsburgh BlackburnCenter Bridges to Opportunity: Western Maryland Health System CASA of Allegany County CASA ofWestmoreland CCAC Educational Foundation CommunitiesInc. Community Wildlife Foundation Cook Township Community Center Corriganville Civic & LightAssociation Corriganville Light and Improvement Assoc. CorriganvilleVFD Cumberland Neighborhood Housing Services Delmont PublicLibrary Demi Brae Cuccia Awareness Organization EducationPartnership Ellerslie Volunteer Ambulance Evergreen Heritage Center Foundation Faith inAction Feeding theSpirit FortLigonier Greensburg Community DevelopmentCorp. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Greensburg Hempfield Area Library Greensburg Salem School District Habitat for Humanity - Allegany County Habitat for Humanity - AlleghenyCounty Habitat for Humanity - Central Westmoreland Hearth HHCS EducationAssociation Homes BuildHope Hope for Hyndman Charter School HosannaHouse Hyndman Charter School Hyndman Health Center HyndmanLibrary Hyndman-Londonderry Lions Club Interfaith HousingAlliance Jane'sPlace JDRF K.A.R.A.T. School ofLearning Lifesteps,Inc. Ligonier ValleyLibrary Ligonier Valley School District Foundation Long Run Children's Learning Center Majesty Care Clinic Make-A-Wish Western PA Maryland Salem Children's Trust Miracle League of Western PA Mon ValleyCircles Mon Valley Initiative Monroeville Public Library Mother of Sorrows FoodPantry Mt. Pleasant Area Historical Society • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Mt. Pleasant Area Little League Murrysville Community Library OperationWarm Penn Township Ambulance Association PitCare Pittsburgh Community Reinvestment Group (PCRG) Reading is FUNdamental,Pittsburgh Rotary of Latrobe Sampson Family YMCA Sarah Heinz House Scottdale Community Pool Scottdale Library ScottdaleVFD Sheep Health Care Clinic Shop with aCop Southwestern Pennsylvania Council for the Arts S.T.A.T. The Latrobe Foundation UMC Pitcairn FoodPantry Union Mission ofLatrobe Union Rescue Mission of Western Maryland Valley Players ofLigonier Westmoreland Chamber Education Foundation Westmoreland Community Action Westmoreland County Food Bank Westmoreland County Historical Society Westmoreland CulturalTrust Westmoreland Intermediate Unit YMCA LaurelHighlands YMCA ofCumberland YWCA of WestmorelandCounty • • • • • • • • • • • • • • • • • • •

  22. And the winneris… Being nominated for a Chamber Leadership Award is an honor that demonstrates hard work and dedication, professional excellence, and service to ourcommunities. Standard Bank has been awarded the official Pittsburgh East "Fan Favorite" 2018 titles in ALL of the followingcategories: Bank, Loan Provider, AND MortgageCompany.

  23. QUESTIONS & ANSWERS

  24. Appendix: Standard PeerData • Includes select banks and thrifts with assets between $600M and$2.5B. • Banks & Thrifts include peers identified byStandard

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