Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 83

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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 tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income.

The following table reconciles interest and dividend income and net interest income per the Condensed Consolidated Statements of Comprehensive Income to interest income, net interest income and net interest margin on an FTE basis (non-GAAP) for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)2025202420252024Total Interest and Dividend Income$128,906 $128,765 $253,754 $256,519 Plus: taxable equivalent adjustment590 682 1,208 1,375 Interest and Dividend Income on an FTE Basis (Non-GAAP)$129,496 $129,447 $254,962 $257,894 Total Interest and Dividend Income$128,906 $128,765 $253,754 $256,519 Less: Interest expense(42,334)(45,171)(83,859)(89,448)Net Interest Income86,572 83,594 169,895 167,071 Plus: taxable equivalent adjustment590 682 1,208 1,375 Net Interest Income on an FTE Basis (Non-GAAP)$87,162 $84,276 $171,103 $168,446 Net interest margin3.85 %3.82 %3.82 %3.81 %Plus: taxable equivalent adjustment0.03 %0.03 %0.02 %0.03 %Net Interest Margin on an FTE Basis (Non-GAAP)3.88 %3.85 %3.84 %3.84 %

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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

Return on average tangible shareholders' equity (non-GAAP) is a key profitability metric used by management to measure financial performance. The following table provides a reconciliation of return on average tangible shareholders' equity (non-GAAP) by reconciling net income (GAAP) per the Condensed Consolidated Statements of Comprehensive Income to net income before amortization of intangibles and average shareholder's equity to average tangible shareholders'