Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 58

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 and nine months ended September 30, 2025 compared to the same periods in 2024. Overall, the FTE rate (non-GAAP) on interest-earning assets decreased 16 and 15 basis points for the three and nine months ended September 30, 2025 compared to the same periods in 2024.

Interest expense decreased $4.6 million and $10.2 million for the three and nine months ended September 30, 2025 compared to the same periods in 2024. The decrease in interest expense was primarily due to lower levels of borrowings and decreased interest rates. Average interest-bearing deposits increased $224.0 million and $254.6 million for the three and nine months ended September 30, 2025 compared to the same periods in 2024 primarily due to increases in certificates of deposit and money market balances. Average borrowings decreased $118.4 million and $170.4 million for the three and nine months ended September 30, 2025 compared to the same periods in 2024 primarily due to increased customer deposits. Overall, the cost of interest-bearing liabilities decreased 36 and 26 basis points for the three and nine months ended September 30, 2025 compared to the same periods in 2024.

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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

The following table sets forth for the periods presented a summary of the changes in interest earned and interest paid resulting from changes in volume and changes in rates:

Three Months Ended September 30, 2025 Compared to September 30, 2024Nine Months Ended September 30, 2025 Compared to September 30, 2024(dollars in thousands)Volume (4)Rate (4)TotalVolume (4)Rate (4)TotalInterest earned on:Interest-bearing deposits with banks$(986)$(322)$(1,308)$(1,545)$(1,030)$(2,575)Securities, at fair value(1)(2)166 1,742 1,908 703 5,809 6,512 Loans held for sale— — — (4)— (4)Commercial real estate3,979 (794)3,185 6,369 (2,726)3,643 Commercial and industrial