Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 61

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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5 %$23,929 $26,135 $(2,206)(8.4)%NM - not meaningful

Noninterest income increased $0.2 million for the three months ended June 30, 2025 and decreased $2.2 million for the six months ended June 30, 2025 compared to the same periods in 2024. The increase of $0.2 million related to no security losses recognized for the three months ended June 30, 2025 compared to $3.2 million of losses recognized in the same period in the prior year offset by a $2.9 million decline in other noninterest income primarily related to a fair value adjustment of $3.2 million from the Visa exchange offer for Visa Class B-1 common stock in the three months ended June 30, 2024. The decrease of $2.2 million in noninterest income for the six months ended June 30, 2025 was primarily related to the fair value adjustment of $3.2 million for the Visa exchange offer in 2024 offset by lower losses on securities in the six months ended June 30, 2025. 

Noninterest ExpenseThree Months Ended June 30,Six Months Ended June 30,(dollars in thousands)20252024$ Change% Change20252024$ Change% ChangeSalaries and employee benefits$32,907 $30,388 $2,519 8.3 %$62,760 $59,900 $2,860 4.8 %Data processing and information technology4,847 4,215 632 15.0 %9,777 9,169 608 6.6 %Occupancy4,024 3,649 375 10.3 %8,326 7,519 807 10.7 %Furniture, equipment and software3,352 3,382 (30)(0.9)%6,835 6,854 (19)(0.3)%Other taxes2,088 1,433 655 45.7 %3,582 3,304 278 8.4 %Marketing1,490 1,404 86 6.1 %3,105 3,347 (242)(7.2)%Professional services and legal1,739 1,403 336 23.9 %3,025 3