Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 93

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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.6 million of securities during 2024 and 2025. The average yield on securities increased 86 and 82 basis points for the three and six months ended June 30, 2025 compared to the same periods in 2024. Overall, the FTE rate (non-GAAP) on interest-earning assets decreased 15 and 16 basis points for the three and six months ended June 30, 2025 compared to the same periods in 2024.

Interest expense decreased $2.8 million and $5.6 million for the three and six months ended June 30, 2025 compared to the same periods in 2024. The decrease in interest expense was primarily due to lower levels of borrowings and decreased interest rates. Average interest-bearing deposits increased $253.8 million and $269.9 million for the three and six months ended June 30, 2025 compared to the same periods in 2024 primarily due to increases in certificates of deposit and money market balances. Average borrowings decreased $114.4 million and $196.6 million for the three and six months ended June 30, 2025 compared to the same periods in 2024 primarily due to increased customer deposits. Overall, the cost of interest-bearing liabilities decreased 26 and 21 basis points for the three and six months ended June 30, 2025 compared to the same periods in 2024.

The following table sets forth for the periods presented a summary of the changes in interest earned and interest paid resulting from changes in volume and changes in rates:

Three Months Ended June 30, 2025 Compared to June 30, 2024Six Months Ended June 30, 2025 Compared to June 30, 2024(dollars in thousands)Volume (4)Rate (4)TotalVolume (4)Rate (4)TotalInterest earned on:Interest-bearing deposits with banks$(318)$(298)$(616)$(548)$(719)$(1,267)Securities, at fair value(1)(2)367 2,159 2,526 531 4,073 4,604 Loans held for sale— — — (4)— (4)Commercial real estate1,939 (664)1,275 2,388 (1,930)458 Commercial and industrial(1,597)(2,457)(4,054)(3,271)(5,232)(