Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 74

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 74
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5.44 %75,849 1,695 2.23 %Long-term borrowings46,306 1,964 4.24 %31,706 1,332 4.20 %19,090 411 2.15 %Junior subordinated debt securities49,386 3,976 8.05 %52,215 4,110 7.87 %54,420 2,395 4.40 %Total Borrowings353,216 19,146 5.41 %584,342 32,680 5.59 %149,359 4,501 3.01 %Other interest-bearing liabilities47,727 2,509 5.26 %58,135 2,975 5.12 %15,163 560 3.69 %Total Interest-bearing Liabilities5,868,395 181,066 3.09 %5,487,441 128,491 2.34 %5,107,492 24,968 0.49 %Noninterest-bearing liabilities2,373,569 2,561,483 2,877,758 Shareholders' equity1,330,870 1,227,332 1,181,788 Total Liabilities and Shareholders' Equity$9,572,834 $9,276,256 $9,167,038 Net Interest Income (FTE) (non-GAAP)(1)(2)$337,512 $351,960 $317,835 Net Interest Margin (FTE) (non-GAAP)(1)(2)3.82 %4.13 %3.76 %

(1) Tax-exempt interest income is on an FTE basis (non-GAAP) using the statutory federal corporate income tax rate of 21 percent.

(2) Taxable investment income is adjusted for the dividend-received deduction for equity securities.

(3) Nonaccruing loans are included in the daily average loan amounts outstanding.

Net interest income on an FTE basis (non-GAAP) decreased $14.4 million, or 4.11 percent to $337.5 million in 2024 compared to $351.9 million in 2023. The net interest margin, or NIM, on an FTE basis (non-GAAP) decreased 31 basis points to