Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 115

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 115
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 INCOMENet (loss) gain on sale of securities(7,938)— 198 Debit and credit card18,263 18,248 19,008 Service charges on deposit accounts16,273 16,193 16,829 Wealth management12,259 12,186 12,717 Other10,226 10,993 9,507 Total Noninterest Income49,083 57,620 58,259 NONINTEREST EXPENSESalaries and employee benefits121,990 111,462 103,221 Data processing and information technology19,510 17,437 16,918 Occupancy15,102 14,814 14,812 Furniture, equipment and software13,559 12,912 11,606 Marketing6,351 6,488 5,600 Other taxes7,452 6,813 6,620 Professional services and legal5,468 7,823 8,318 FDIC insurance4,201 4,122 2,854 Other25,305 28,463 26,797 Total Noninterest Expense218,938 210,334 196,746 Income Before Taxes164,818 178,804 168,930 Income tax expense33,553 34,023 33,410 Net Income$131,265 $144,781 $135,520 Earnings per share—basic$3.43 $3.76 $3.47 Earnings per share—diluted$3.41 $3.74 $3.46 Dividends declared per share$1.33 $1.29 $1.20 

See Notes to Consolidated Financial Statements

52

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

Years ended December 31,(dollars in thousands)202420232022Net Income$131,265 $144,781 $135,520 Available-for-Sale Debt SecuritiesNet change in fair value of available-for-sale debt securities2,328 20,317 (111,539)Tax effect(458)(4,407)23,805 Net available-for-sale securities losses (gains) reclassified into earnings(1)7,938 — (198)