Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 54

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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%Savings884,636 1,450 0.66 %939,467 1,483 0.63 %Certificates of deposit1,860,840 19,698 4.29 %1,639,059 17,798 4.37 %Total Interest-bearing Deposits5,613,131 38,354 2.77 %5,327,630 36,661 2.77 %Short-term borrowings117,722 1,344 4.63 %408,351 5,460 5.37 %Long-term borrowings50,886 477 3.80 %39,221 442 4.53 %Junior subordinated debt securities49,423 874 7.17 %49,364 1,010 8.23 %Total Borrowings218,031 2,695 5.01 %496,936 6,912 5.59 %Other interest-bearing liabilities43,926 476 4.40 %52,239 703 5.42 %Total Interest-bearing Liabilities5,875,088 41,525 2.87 %5,876,805 44,276 3.03 %Noninterest-bearing liabilities2,350,574 2,371,586 Shareholders' equity1,400,999 1,290,514 Total Liabilities and Shareholders' Equity$9,626,661 $9,538,905 Net Interest Income (FTE) (non-GAAP)(1)(2)$83,940 $84,169 Net Interest Margin (FTE) (non-GAAP)(1)(2)3.81 %3.84 %

(1) Tax-exempt interest income is on an FTE basis (non-GAAP) using the statutory federal corporate income tax rate of 21 percent.

(2) Taxable investment income is adjusted for the dividend-received deduction for equity securities.

(3) Nonaccruing loans are included in the daily average loan amounts outstanding.

Net interest income on an FTE basis (non-GAAP) decreased $0.2 million for the three months ended March 31, 2025 compared to the same period in 2024. The net interest margin, or NIM, on an FTE basis (non-GAAP) decreased 3 basis points to