Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 96

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 MD&A for further details.

34

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

Noninterest Income Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)20252024$ Change% Change20252024$ Change% ChangeNet loss on sale of securities$— $(2,199)$2,199 NM$(2,295)$(5,346)$3,051 (57.1)%Debit and credit card4,722 4,688 34 0.7 %13,498 13,636 (138)(1.0)%Service charges on deposit accounts4,175 4,181 (6)(0.1)%12,227 12,098 129 1.1 %Wealth management3,118 3,071 47 1.5 %9,244 9,108 136 1.5 %Other noninterest income1,748 2,136 (388)(18.2)%5,018 8,516 (3,498)(41.1)%Total Noninterest Income$13,763 $11,877 $1,886 15.9 %$37,692 $38,012 $(320)(0.8)%NM - not meaningful

Noninterest income increased $1.9 million for the three months ended September 30, 2025 and decreased $0.3 million for the nine months ended September 30, 2025 compared to the same periods in 2024. The increase of $1.9 million for the three months ended September 30, 2025 was due to no security losses recognized for the three months ended September 30, 2025 compared to $2.2 million of losses recognized in the same period in 2024, offset by a decrease of $0.4 million in other noninterest income in 2025. The decrease of $0.3 million in noninterest income for the nine months ended September 30, 2025 was primarily related to the repositioning of the securities portfolio resulting in higher losses in 2024 of $3.0 million. These losses were offset by a fair value adjustment of $3.2 million for the Visa exchange offer in 2024 with