Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 96

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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Noninterest Income Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)20252024$ Change% Change20252024$ Change% ChangeNet loss on sale of securities$— $(3,150)$3,150 NM$(2,295)$(3,147)$852 (27.1)%Debit and credit card4,588 4,713 (125)(2.7)%8,776 8,948 (172)(1.9)%Service charges on deposit accounts4,090 4,089 1 — %8,052 7,917 135 1.7 %Wealth management3,042 2,995 47 1.6 %6,126 6,037 89 1.5 %Other noninterest income1,780 4,658 (2,878)(61.8)%3,270 6,380 (3,110)(48.7)%Total Noninterest Income$13,500 $13,305 $195 1.5 %$23,929 $26,135 $(2,206)(8.4)%NM - not meaningful

Noninterest income increased $0.2 million for the three months ended June 30, 2025 and decreased $2.2 million for the six months ended June 30, 2025 compared to the same periods in 2024. The increase of $0.2 million related to no security losses recognized for the three months ended June 30, 2025 compared to $3.2 million of losses recognized in the same period in the prior year offset by a $2.9 million decline in other noninterest income primarily related to a fair value adjustment of $3.2 million from the Visa exchange offer for Visa Class B-1 common stock in the three months ended June 30, 2024. The decrease of $2.2 million in noninterest income for the six months ended June 30, 2025 was primarily related to the fair value adjustment of $3.2 million for the Visa exchange offer in 2024 offset by lower losses on securities in the six months ended June 30, 2025. 

Noninterest ExpenseThree Months Ended June 30,Six Months Ended June 30,(dollars in thousands)20252024$ Change% Change20252024$ Change% ChangeSal