Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 62

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
,123 (98)(3.1)%FDIC insurance1,062 1,053 9 0.9 %2,102 2,102 — — %Other6,605 6,681 (76)(1.1)%13,693 12,810 883 6.9 %Total Noninterest Expense$58,114 $53,608 $4,506 8.4 %$113,205 $108,128 $5,077 4.7 %

34

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Noninterest expense increased $4.5 million and $5.1 million for the three and six months ended June 30, 2025 compared to the same periods in 2024. Salaries and employee benefits increased $2.5 million and $2.9 million for the three and six months ended June 30, 2025 primarily due to annual merit increases, higher incentives and increased medical costs. Data processing and information technology increased $0.6 million for both the three and six months ended June 30, 2025 compared to the same periods in 2024 due to additional services provided through our third party vendor. Occupancy increased $0.4 million and $0.8 million for the three and six months ended June 30, 2025 due to increased maintenance and utility costs. Other taxes increased $0.7 million and $0.3 million for the three and six months ended June 30, 2025 due to the timing of education and Neighborhood Assistance Program, or NAP, contribution credits and higher shares tax compared to the same periods in 2024. Professional services and legal expense increased $0.3 million for the three months ended June 30, 2025 due to additional consulting engagements and increased legal expenses. Other noninterest expense increased $0.9 million for the six months ended June 30, 2025 compared to the same periods in 2024 primarily related to higher loan collection, recruitment and charitable contribution expenses.

Provision for Income Taxes

The provision for income taxes decreased $0.4 million to $8.1 million for the three months ended June 30, 2025 compared to $8.5 million for the same period in 2024