Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 110

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 110
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1.33 per share)— — (51,075)— — (51,075)Treasury stock issued for restricted stock awards (61,484 shares)— (1,871)— — 1,871 — Forfeitures of restricted stock awards (34,841 shares)— — 243 — (1,113)(870)Recognition of restricted stock compensation expense— 4,622 — — — 4,622 Balance at December 31, 2024$103,623 $411,785 $1,039,035 $(76,992)$(97,157)$1,380,294 

See Notes to Consolidated Financial Statements

54

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS 

Years Ended December 31,(dollars in thousands)202420232022OPERATING ACTIVITIESNet income$131,265 $144,781 $135,520 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses133 17,892 8,366 Net depreciation, amortization and accretion10,865 7,520 9,027 Net amortization of discounts and premiums on securities2,837 4,666 6,062 Stock-based compensation expense4,622 3,874 3,188 Loss (gain) on sale of securities7,938 — (198)Deferred income taxes(296)601 (2,932)Loss (gain) on sale of fixed assets196 (100)61 Gain on sale of loans, net(69)(81)(1,229)Loss (gain) on sale and fair value adjustments of other real estate owned, net58 (3,898)(3,119)Proceeds from the sale of mortgage loans4,552 3,839 38,583 Mortgage loans originated for sale(4,330)(3,895)(35,848)Net change in:Net decrease (increase) in interest receivable2,703 (7,094)(10,033)Net increase in interest payable4,998 17,763 2,901 Net (increase) decrease in other assets(1,732)14,311 (24,628)Net increase (decrease) in other liabilities9