Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 106

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 106
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,418 49,358 Other liabilities244,247 242,677 Total Liabilities8,277,678 8,268,081 SHAREHOLDERS’ EQUITYCommon stock ($2.50 par value)Authorized—50,000,000 sharesIssued—41,449,444 shares at December 31, 2024 and December 31, 2023Outstanding—38,259,449 shares at December 31, 2024 and 38,232,806 shares at December 31, 2023103,623 103,623 Additional paid-in capital411,785 409,034 Retained earnings1,039,035 959,604 Accumulated other comprehensive loss(76,992)(90,901)Treasury stock — 3,189,995 shares at December 31, 2024 and 3,216,638 shares at December 31, 2023, at cost(97,157)(97,915)Total Shareholders’ Equity1,380,294 1,283,445 Total Liabilities and Shareholders’ Equity$9,657,972 $9,551,526 

See Notes to Consolidated Financial Statements

51

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF NET INCOME 

 Twelve Months Ended December 31,(dollars in thousands, except per share data)202420232022INTEREST AND DIVIDEND INCOMELoans, including fees$476,382 $443,124 $314,866 Investment Securities: Taxable37,744 31,611 23,743 Tax-exempt690 852 1,579 Dividends1,056 2,314 563 Total Interest and Dividend Income515,872 477,901 340,751 INTEREST EXPENSEDeposits159,411 92,836 19,907 Borrowings, junior subordinated debt securities and other21,655 35,655 5,061 Total Interest Expense181,066 128,491 24,968 NET INTEREST INCOME334,806 349,410 315,783 Provision for credit losses133 17,892 8,366 Net Interest Income After Provision for Credit Losses334,673 331,518 307,417 NONINTEREST