Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 83

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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 and performance, these non-GAAP financial measures should not be considered alternatives to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with non-GAAP measures which may be presented by other companies.

The following table reconciles interest and dividend income and net interest income per the Condensed Consolidated Statements of Comprehensive Income to interest income, net interest income and net interest margin on an FTE basis (non-GAAP) for the periods presented:

Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)2025202420252024Total Interest and Dividend Income$131,623 $131,474 $385,377 $387,993 Plus: taxable equivalent adjustment602 671 1,810 2,045 Interest and Dividend Income on an FTE Basis (Non-GAAP)$132,225 $132,145 $387,187 $390,038 Total Interest and Dividend Income$131,623 $131,474 $385,377 $387,993 Less: Interest expense(42,382)(46,997)(126,241)(136,445)Net Interest Income89,241 84,477 259,136 251,548 Plus: taxable equivalent adjustment602 671 1,810 2,045 Net Interest Income on an FTE Basis (Non-GAAP)$89,843 $85,148 $260,946 $253,593 Net interest margin3.90 %3.79 %3.84 %3.81 %Plus: taxable equivalent adjustment0.03 %0.03 %0.03 %0.03 %Net Interest Margin on an FTE Basis (Non-GAAP)3.93 %3.82 %3.87 %3.84 %

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Return on average tangible shareholders' equity (non-GAAP) is a key profitability metric used by management to measure financial performance. The following table provides a reconciliation of return on average tangible shareholders' equity (non-GAAP) by reconciling net income (GAAP) per the Condensed Consolidated Statements of Comprehensive Income to net income before amortization of int