Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 84

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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angibles and average shareholder's equity to average tangible shareholders' equity for the periods presented:

Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)2025202420252024Net income (annualized)$138,708 $129,652 $134,051 $131,172 Plus: amortization of intangibles (annualized) net of tax649 893 690 919 Net income before amortization of intangibles (annualized)$139,357 $130,545 $134,741 $132,091 Average shareholders' equity$1,463,098 $1,354,047 $1,433,689 $1,316,083 Less: average goodwill and other intangible assets, net of deferred tax liability(375,446)(376,048)(375,585)(376,283)Average tangible shareholders' equity$1,087,652 $977,999 $1,058,104 $939,800 Return on Average Tangible Shareholders' Equity (non-GAAP)12.81 %13.35 %12.73 %14.06 %

Executive Overview

We are a bank holding company that is headquartered in Indiana, Pennsylvania with assets of $9.8 billion at September 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 September 30,Nine Months Ended September 30,(dollars in thousands)2025202420252024Net income$34,962 $32,590