Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 60

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 loan charge-offs and recoveries, the macro environment and our CECL forecast. 

The provision for credit losses increased $1.6 million to $2.0 million for the three months ended June 30, 2025 compared to $0.4 million for the same period in 2024. The increase was primarily due to a higher provision for unfunded loan commitments and an increase in loan charge-offs which was partially offset by a lower level of ACL due to improved asset quality. The provision for credit losses decreased $4.1 million to a negative $1.1 million for the six months ended June 30, 2025 compared to $3.0 million for the same period in 2024. The decrease was due to a lower level of ACL related to improved asset quality, including a $4.2 million reduction in specific reserves for individually evaluated loans during the three months ended March 31, 2025, and a decrease in loan charge-offs. 

Net loan charge-offs were $1.2 million and $1.1 million for the three and six months ended June 30, 2025 compared to net loan recoveries of $0.4 million and net loan charge-offs of $6.2 million for the same periods in 2024. 

Refer to the "Allowance for Credit Losses" section of this MD&A for further details.

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.