Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 54

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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97 %350,401 4,764 5.46 %Other interest-bearing liabilities32,202 352 4.39 %57,734 778 5.42 %Total Interest-bearing Liabilities5,973,401 42,334 2.84 %5,859,574 45,171 3.10 %Noninterest-bearing liabilities2,315,213 2,397,606 Shareholders' equity1,436,288 1,303,270 Total Liabilities and Shareholders' Equity$9,724,902 $9,560,450 Net Interest Income (FTE) (non-GAAP)(1)(2)$87,162 $84,276 Net Interest Margin (FTE) (non-GAAP)(1)(2)3.88 %3.85 %

(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.

31

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

Six Months Ended June 30, 2025Six Months Ended June 30, 2024(dollars in thousands)Average BalanceInterestRateAverage BalanceInterestRateASSETSInterest-bearing deposits with banks$124,423 $2,751 4.46 %$144,079 $4,018 5.61 %Securities, at fair value(1)(2)1,001,080 18,450 3.69 %964,128 13,846 2.87 %Loans held for sale— — — %101 4 7.16 %Commercial real estate3,436,686 99,691 5.85 %3,355,933 99,233 5.95 %Commercial and industrial1,527,139 50,727 6.70 %1,616,403 59,230 7.37 %Commercial construction378,643 13,037 6.94 %369,972 14,