Company: STBA
Filing Date: 2025-05-15
Form Type: 8-K
Source: 0000719220-25-000035
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Company: S&T BANCORP INC
Filing Date: 2025-05-15
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On May 13, 2025, the Board of Directors of S& T Bancorp, Inc. authorized an extension of its $50 million share repurchase plan, which was set to expires on May 30, 2025. The new repurchase authorization will expire July 31, 2026 and permits S& T to repurchase shares of S& T's common stock from time to time through a combination of open market or privately negotiated repurchases up to the authorized $50 million aggregate value of S& T's common stock. The specific timing, price and quantity of repurchases will be at the discretion of S& T and will depend on a variety of factors, including general market conditions, the trading price of the common stock, legal and contractual requirements and S& T’s financial performance. The repurchase plan does not obligate S& T to repurchase any particular number of shares. S& T expects to fund any repurchases from cash on hand and internally generated funds. Any share repurchases will not begin until permissible under applicable laws.

The information in this Form 8-K and the exhibits attached to this Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to a number of factors that could cause actual events to differ materially from those anticipated, including without limitation fluctuations in the market price of the common stock, regulatory, legal and contractual requirements, other uses of capital, the company’s financial performance, market conditions generally or modification, extension or termination of the share repurchase authorization by the board of directors. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. You should consider the above uncertainties as well as the precautionary statements included in S& T’s filings with the SEC, including without limitation the “risk factors” section of its Form 10-K. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.

  Exhibit No.      Description of Exhibit                                                                  
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          104      Cover Page Interactive Data File (embedded