Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 50

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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 per share - diluted$0.91 $0.85 $2.60 $2.55 Return on average assets1.42 %1.35 %1.38 %1.37 %Return on average shareholders' equity9.48 %9.58 %9.35 %9.97 %Return on average tangible shareholders' equity (non-GAAP)(1)12.81 %13.35 %12.73 %14.06 %(1) Reconciled to GAAP in the "Explanation of Use of Non-GAAP Financial Measures" section of this MD&A.

We recognized net income of $35.0 million, or $0.91 per diluted share, for the three months ended September 30, 2025 compared to net income of $32.6 million, or $0.85 per diluted share, for the same period in 2024 and net income of $100.3 million, or $2.60 per diluted share, for the nine months ended September 30, 2025 compared to net income of $98.2 million, or $2.55 per diluted share, for the same period in 2024.

Net interest income increased $4.8 million, or 5.64 percent, and $7.6 million, or 3.02 percent, for the three and nine months ended September 30, 2025 compared to the same periods in 2024. Net interest margin, or NIM, on an FTE basis (non-GAAP) increased 11 basis points to 3.93% for the three months ended September 30, 2025 compared to 3.82% in the same period in 2024 and increased 3 basis points to 3.87 percent for the nine months ended September 30, 2025 compared to 3.84 percent in the same period in 2024. These improvements in both net interest income and NIM on an FTE basis (non-GAAP) were primarily due to the impact of lower interest rates on interest bearing liabilities, an improvement in our overall funding mix and strong earnings retention. Customer deposit growth in 2024 and 2025 has reduced our levels of borrowings and brokered deposits.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL