Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 67

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 date. We develop and document a systematic ACL methodology based on the following portfolio segments: 1) CRE, 2) C&I, 3) Commercial Construction, 4) Business Banking, 5) Consumer Real Estate and 6) Other Consumer. Refer to Part 1. Financial Information, Note 5. Loans and Allowance for Credit Losses for details on our portfolio segments.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table presents activity in the ACL for the period presented:

Six Months Ended June 30, 2025(dollars in thousands)CommercialReal EstateCommercial andIndustrialCommercialConstructionBusiness BankingConsumerReal EstateOtherConsumerTotal LoansAllowance for credit losses on loans:Balance at beginning of period$30,254 $37,084 $4,893 $10,681 $15,776 $2,806 $101,494 Provision for credit losses on loans(1)(54)(4,800)1,694 1,037 (47)387 (1,783)Charge-offs— (428)(119)(322)(552)(1,119)(2,540)Recoveries135 224 — 65 350 635 1,409 Net Recoveries (Charge-offs)135 (204)(119)(257)(202)(484)(1,131)Balance at End of Period$30,335 $32,080 $6,468 $11,461 $15,527 $2,709 $98,580 (1) Excludes the provision for credit losses for unfunded commitments.

The following table presents key ACL ratios for the periods presented:

June 30, 2025December 31, 2024Ratio of net charge-offs to average loans outstanding(1)0.03 %0.11 %Allowance for credit losses as a percentage of total portfolio loans1.24 %1.31 %Allowance for credit losses to nonaccrual loans463 %363 %

(1) Year-to-date net charge-offs annualized

The ACL decreased $2.9 million to $98.6 million, or 1.24 percent of total portfolio loans, at June 30, 2025 compared to $101