$STBA

S&T BANCORP INC

CIK:0000719220|SEC Filings

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST AND DIVIDEND INCOME
Loans, including fees	$ 116,960	$ 117,696	$ 232,254	$ 232,036
Investment Securities:
Taxable	10,756	10,846	21,516	20,919
Tax-exempt	34	35	68	192
Dividends	309	329	554	607
Total Interest and Dividend Income	128,059	128,906	254,392	253,754
INTEREST EXPENSE
Deposits	35,399	39,056	71,085	77,410
Borrowings, junior subordinated debt securities and other	2,280	3,278	4,491	6,449
Total Interest Expense	37,679	42,334	75,576	83,859
NET INTEREST INCOME	90,380	86,572	178,816	169,895
Provision for credit losses	1,112	1,974	2,439	(1,066)
Net Interest Income After Provision for Credit Losses	89,268	84,598	176,377	170,961
NONINTEREST INCOME
Net gain (loss) on sale of securities	169	0	169	(2,295)
Other	2,143	1,780	3,937	3,270
Total Noninterest Income	14,860	13,500	28,502	23,929
NONINTEREST EXPENSE
Salaries and employee benefits	32,680	32,907	64,036	62,760
Data processing and information technology	5,163	4,847	10,321	9,777
Occupancy	4,074	4,024	8,666	8,326
Furniture, equipment and software	3,524	3,352	7,016	6,835
Other taxes	1,773	2,088	3,836	3,582
Marketing	1,876	1,490	3,343	3,105
Professional services and legal	1,286	1,739	2,531	3,025
FDIC insurance	1,074	1,062	2,147	2,102
Other	7,214	6,605	13,475	13,693
Total Noninterest Expense	58,664	58,114	115,371	113,205
Income Before Taxes	45,464	39,984	89,508	81,685
Income tax expense	8,821	8,084	17,793	16,384
Net Income	$ 36,643	$ 31,900	$ 71,715	$ 65,301
Earnings per share—basic (in dollars per share)	$ 1.03	$ 0.83	$ 1.98	$ 1.71
Earnings per share—diluted (in dollars per share)	1.02	0.83	1.96	1.69
Dividends declared per share (in dollars per share)	$ 0.37	$ 0.34	$ 0.73	$ 0.68
Comprehensive Income	$ 34,774	$ 40,133	$ 64,077	$ 89,891
Debit and credit card
NONINTEREST INCOME
Revenues from contract with customers	4,695	4,588	8,978	8,776
Service charges on deposit accounts
NONINTEREST INCOME
Revenues from contract with customers	4,290	4,090	8,486	8,052
Investment services and trust
NONINTEREST INCOME
Revenues from contract with customers	$ 3,563	$ 3,042	$ 6,932	$ 6,126

CONSOLIDATED STATEMENTS OF CASH FLOWS - 10Q - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net Cash Provided by Operating Activities	$ 70,331	$ 57,194
INVESTING ACTIVITIES
Purchases of securities	(139,127)	(113,637)
Proceeds from maturities, prepayments and calls of securities	71,506	57,437
Proceeds from sales of securities	33,042	47,038
Purchases of Federal Home Loan Bank stock	(766)	(586)
Net decrease (increase) in loans	3,987	(192,294)
Proceeds from sale of portfolio loans	7,040	0
Purchases of premises and equipment, net of proceeds from sales	(1,816)	(2,916)
Net payments from cash flow hedge	(1,304)	(3,972)
Net Cash Used in Investing Activities	(27,438)	(208,930)
FINANCING ACTIVITIES
Net increase in demand, money market and savings deposits	81,902	119,995
Net increase in certificates of deposit	45,350	17,808
Net increase in short-term borrowings	35,000	0
Repayments on long-term borrowings	(25,042)	(40)
Repurchase of shares for taxes on restricted stock	(1,734)	(1,536)
Cash dividends paid to common shareholders	(26,697)	(26,193)
Repurchase of common stock	(97,289)	0
Net Cash Provided by Financing Activities	11,490	110,034
Net increase (decrease) in cash and due from banks	54,383	(41,702)
Cash and due from banks at beginning of period	163,436	244,820
Cash and Due From Banks at End of Period	217,819	203,118
Supplemental Disclosures
Right of use assets obtained in exchange for lease obligations	0	2,400
Cash paid for interest	76,985	86,041
Cash paid for federal income taxes, net of refunds	16,500	10,450
Cash paid for state income taxes, net of refunds	$ 526	$ 663

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks, including interest-bearing deposits of $146,384 and $106,286 at June 30, 2026 and December 31, 2025	$ 217,819	$ 163,436
Securities available for sale, at fair value	1,013,305	987,659
Loans held for sale	4,695	1,010
Portfolio loans, net of unearned income	8,058,386	8,071,957
Allowance for credit losses	(93,320)	(93,178)
Portfolio loans, net	7,965,066	7,978,779
Bank owned life insurance	86,584	85,421
Premises and equipment, net	42,731	43,855
Federal Home Loan Bank and other restricted stock, at cost	16,796	16,030
Goodwill	373,424	373,424
Other intangible assets, net	1,887	2,251
Other assets	221,706	219,115
Total Assets	9,944,013	9,870,980
Deposits:
Noninterest-bearing demand	2,256,542	2,160,645
Interest-bearing demand	769,495	790,278
Money market	2,183,937	2,196,998
Savings	881,967	862,118
Certificates of deposit	1,994,142	1,948,792
Total Deposits	8,086,083	7,958,831
Short-term borrowings	200,000	165,000
Long-term borrowings	25,773	50,815
Junior subordinated debt securities	49,508	49,478
Other liabilities	178,834	182,979
Total Liabilities	8,540,198	8,407,103
SHAREHOLDERS’ EQUITY
Common stock ($2.50 par value) Authorized—$50,000,000 shares Issued—41,449,444 shares at June 30, 2026 and December 31, 2025 Outstanding—35,264,936 shares at June 30, 2026 and 37402705 shares at December 31, 2025	103,623	103,623
Additional paid-in capital	411,087	412,969
Retained earnings	1,165,350	1,120,297
Accumulated other comprehensive loss	(49,345)	(41,707)
Treasury stock — 6,184,508 shares at June 30, 2026 and 4046739 shares at December 31, 2025, at cost	(226,900)	(131,305)
Total Shareholders’ Equity	1,403,815	1,463,877
Total Liabilities and Shareholders’ Equity	$ 9,944,013	$ 9,870,980