Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 113

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 113
---
Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Consolidated Financial Statements

Consolidated Balance Sheets51Consolidated Statements of Net Income52Consolidated Statements of Comprehensive Income53Consolidated Statements of Changes in Shareholders’ Equity54Consolidated Statements of Cash Flows55Notes to Consolidated Financial Statements57Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements (PCAOB ID: 42)103Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting105

50

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS 

December 31,(in thousands, except share and per share data)20242023ASSETSCash and due from banks, including interest-bearing deposits of $175,606 and $160,802 at December 31, 2024 and December 31, 2023$244,820 $233,612 Securities available for sale, at fair value987,591 970,391 Loans held for sale— 153 Portfolio loans, net of unearned income7,742,958 7,653,341 Allowance for credit losses(101,494)(107,966)Portfolio loans, net7,641,464 7,545,375 Bank owned life insurance85,012 84,008 Premises and equipment, net45,033 49,006 Federal Home Loan Bank and other restricted stock, at cost15,231 25,082 Goodwill373,424 373,424 Other intangible assets, net3,055 4,059 Other assets262,342 266,416 Total Assets$9,657,972 $9,551,526 LIABILITIESDeposits:Noninterest-bearing demand$2,185,242 $2,221,942 Interest-bearing demand812,768 825,787 Money market2,040,285 1,941,842 Savings877,859 950,546 Certificates of deposit1,866,963 1,581,652 Total Deposits7,783,117 7,521,769 Short-term borrowings150,000 415,000 Long-term borrowings50,896 39,277 Junior subordinated debt securities49