Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 63

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 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.

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

Three Months Ended March 31, 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)(493)(3,643)1,017 650 160 (202)(2,511)Charge-offs— (172)(30)(143)(162)(377)(884)Recoveries134 145 — 25 133 474 911 Net Recoveries (Charge-offs)134 (27)(30)(118)(29)97 27 Balance at End of Period$29,895 $33,414 $5,880 $11,213 $15,907 $2,701 $99,010 (1) Excludes the provision for credit losses for unfunded commitments.

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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 key ACL ratios for the periods presented:

March 31, 2025December 31, 2024Ratio of net charge-offs to average loans outstanding(1)— %0.11 %Allowance for credit losses as a percentage of total portfolio loans1.26 %1.31 %Allowance for credit losses to nonaccrual loans443 %363 %

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

Net loan recoveries were $0.0 million for the three months ended March 31, 2025. Refer to the "Provision for Credit Losses" section of this MD&A for further details.

The ACL decreased $2.5 million to $99.0 million, or 1.