Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 49

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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.44 %

Executive Overview

We are a bank holding company that is headquartered in Indiana, Pennsylvania with assets of $9.8 billion at June 30, 2025. We operate in Pennsylvania and Ohio providing a full range of financial services with retail and commercial banking products, cash management services, trust and brokerage services. Our common stock trades on the NASDAQ Global Select Market under the symbol “STBA.”

We earn revenue primarily from interest on loans and securities and fees charged for financial services provided to our customers. We incur expenses for the cost of deposits and other funding sources, provision for credit losses and other operating costs such as salaries and employee benefits, data processing, occupancy and tax expense.

Our purpose is building our future together through people-forward banking. We believe that all banking should be personal. We cultivate relationships rooted in trust, strengthened by going above and beyond and renewed with every interaction. Our strategic priorities for 2025 and beyond will be focused on growing our deposit franchise, core profitability, asset quality and talent and engagement.

Earnings Summary

The following table presents a summary of key profitability metrics for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)2025202420252024Net income$31,900 $34,371 $65,301 $65,610 Earnings per share - diluted$0.83 $0.89 $1.69 $1.70 Return on average assets1.32 %1.45 %1.36 %1.38 %Return on average shareholders' equity8.91 %10.61 %9.28 %10.17 %Return on average tangible shareholders' equity (non-GAAP)(1)12.12 %15.01 %12.69 %14.44 %(1) Reconciled to GAAP in the "Explanation of Use of Non-GAAP Financial Measures" section of this MD&A.

We recognized net income of $31.9 million, or $0.83 per diluted share, for the three months ended June 30, 2025 compared to net income of $34.4 million, or $0.89 per diluted share, for the same period in 2024 and net income of $65.3 million, or $1.69 per diluted share, for the six months ended June 30, 2025 compared to net income of $65.