Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 20

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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 periods presented: Three Months Ended March 31,(in thousands, except share and per share data)20252024Numerator for Earnings per Share—Basic and Diluted:Net income—Treasury Stock Method—Basic and Diluted$33,401 $31,239 Less: Income allocated to participating shares— 12 Net Income Allocated to Shareholders—Two-Class Method—Basic and Diluted$33,401 $31,227 Denominator for Earnings per Share—Treasury Stock Method:Weighted Average Shares Outstanding—Basic38,260,746 38,192,235 Add: Potentially dilutive shares338,910 239,514 Denominator for Treasury Stock Method—Diluted38,599,656 38,431,749 Denominator for Earnings per Share—Two-Class Method:Weighted Average Shares Outstanding—Basic38,260,746 38,192,235 Add: Average participating shares outstanding— 225,850 Denominator for Two-Class Method—Diluted38,260,746 38,418,085 Earnings per share—basic$0.87 $0.82 Earnings per share—diluted$0.87 $0.81 Restricted stock considered anti-dilutive excluded from potentially dilutive shares— 71 

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3. FAIR VALUE MEASUREMENTS

We use fair value measurements when recording and disclosing certain financial assets and liabilities. Debt securities, equity securities, securities held in a deferred compensation plan and derivative financial instruments are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other financial instruments at fair value on a nonrecurring basis, such as loans held for sale, loans individually evaluated, other real estate owned, or OREO, and other repossessed assets, mortgage servicing rights, or MSRs, and certain other assets.Fair value is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants at the measurement date. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is