Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 56

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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5,389,535 76,290 2.85 %Short-term borrowings126,740 2,910 4.63 %335,137 8,779 5.26 %Long-term borrowings50,876 959 3.80 %39,160 883 4.53 %Junior subordinated debt securities49,431 1,752 7.15 %49,372 2,014 8.20 %Total Borrowings227,047 5,621 4.99 %423,669 11,676 5.54 %Other interest-bearing liabilities38,032 828 4.39 %54,986 1,482 5.42 %Total Interest-bearing Liabilities5,924,517 83,859 2.85 %5,868,190 89,448 3.06 %Noninterest-bearing liabilities2,332,795 2,384,596 Shareholders' equity1,418,741 1,296,892 Total Liabilities and Shareholders' Equity$9,676,053 $9,549,678 Net Interest Income (FTE) (non-GAAP)(1)(2)$171,103 $168,446 Net Interest Margin (FTE) (non-GAAP)(1)(2)3.84 %3.84 %

(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.

Net interest income on an FTE basis (non-GAAP) increased $2.9 million, or 3.4 percent, and $2.7 million, or 1.6 percent, for the three and six months ended June 30, 2025 compared to the same periods in 2024. NIM on an FTE basis (non-GAAP) increased 3 basis points for the three months ended June 30, 2025 and remained unchanged for the six months ended June 30, 2025 compared to the same periods in 2024. These improvements in both net interest income and NIM, on an FTE basis (non-GAAP) were primarily due to