S & T Bancorp Inc Stock Price, News & Analysis

S&T Bank (NASDAQ: STBA) has been recognized as a Northeast Ohio Top Workplaces 2025 award winner by cleveland.com and The Plain Dealer. The recognition is based on employee feedback collected through a third-party survey by Energage, LLC, measuring factors such as employee empowerment, engagement, and alignment with company values.

To qualify for consideration, organizations needed at least 35 regional employees across eleven eligible counties in Northeast Ohio. CEO Chris McComish highlighted the team's dedication to serving customers' commercial, business, and consumer banking needs, while Chief Human Resources Officer Susan Nicholson emphasized the significance of authentic employee feedback in earning this recognition.

S&T Bank (NASDAQ: STBA) has raised over $117,000 for Alex's Lemonade Stand Foundation (ALSF) in 2025, marking their third consecutive year of exceeding fundraising goals. The bank expanded its initiative from Southeastern Pennsylvania to include their entire footprint across Pennsylvania and Ohio, hosting 72 lemonade stands at branch locations and operations centers from May 31 through June 7. ALSF, founded by four-year-old cancer patient Alexandra Scott before her passing in 2004, has raised over $300 million to fund cancer research, support families, and raise awareness. CEO Chris McComish praised employees' enthusiasm in driving community engagement, while ALSF co-executive director Liz Scott acknowledged S&T Bank's significant contribution to their mission of finding cures for childhood cancer.

S&T Bancorp (NASDAQ: STBA) announced that Frank J. Palermo, Jr. will not seek reelection to the board of directors after reaching mandatory retirement age, concluding 12 years of service. Palermo will complete his current term until May 13, 2025, following the Annual Meeting of Shareholders.

Palermo, who has served since 2013, is the managing shareholder of Palermo, Kissinger & Associates, P.C. since 1983. His extensive 43-year career includes roles as a Certified Public Accountant, Certified Valuation Analyst, and former chairman of Gateway Bank of Pennsylvania's audit committee from 2004 until its acquisition by S&T in 2012. He also served as chair of S&T's audit committee, bringing strategic fiscal expertise to the board.

S&T Bancorp (NASDAQ: STBA) has announced a quarterly cash dividend increase of $0.01, raising it to $0.34 per share. This represents a 3.03% increase from the previous year's dividend of $0.33.

The dividend will be paid on May 29, 2025, to shareholders of record as of May 15, 2025. Based on the company's closing stock price of $37.17 on April 29, 2025, this dividend provides an annualized yield of 3.66%.

This dividend declaration, approved by the board of directors on April 30, 2025, demonstrates S&T Bank's commitment to providing shareholder value through regular cash distributions.

S&T Bancorp (NASDAQ: STBA) reported strong Q1 2025 financial results with net income of $33.4 million, or $0.87 per diluted share, compared to $33.1 million in Q4 2024 and $31.2 million in Q1 2024.

Key highlights include:

• Return on average assets (ROA) of 1.41% and return on average equity (ROE) of 9.67%
• Net interest margin increased to 3.81%, up 4 basis points from Q4 2024
• Total portfolio loans grew by $93.4 million (4.89% annualized)
• Customer deposits increased by $134.7 million (7.23% annualized)
• Asset quality improved with nonperforming assets decreasing to $22.4 million (0.29% of total loans)

The bank maintained strong capital ratios while reducing higher-cost borrowings by $55.0 million to $195.3 million.

S&T Bancorp (NASDAQ: STBA) has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, April 24, 2025, at 1:00 p.m. ET. The earnings release will be published before market opening on the same day.

The presentation will be led by key executives including Christopher J. McComish (CEO), David G. Antolik (President), and Mark Kochvar (CFO). Investors can submit questions via email before the webcast or during the presentation starting at 12:45 p.m. ET.

The webcast recording will remain accessible on stbancorp.com for 12 months following the live presentation.

S&T Bank (NASDAQ: STBA) has been recognized as a 2025 USA Today Top Workplace, marking its second time receiving this prestigious award since 2023. The recognition is based on anonymous employee feedback collected through an Energage survey, highlighting the bank's outstanding workplace culture.

Chief Executive Officer Chris McComish emphasized that this recognition validates their commitment to providing a positive work environment, while Chief Human Resources Officer Susan Nicholson noted that employee feedback reflects a culture promoting collaboration and professional growth.

To qualify for this recognition, organizations must maintain a minimum workforce of 150 employees and achieve at least a 35% survey response rate.

S&T Bank (NASDAQ: STBA) has been named to the Forbes America's Best Banks list for the second consecutive year, ranking 46th and emerging as the top-ranked bank headquartered in Pennsylvania for 2025. The recognition is based on Forbes' evaluation of the 200 largest publicly traded banks and thrifts by assets, from which the top 100 are ranked.

The evaluation process examined ten equally weighted metrics measuring growth, credit quality, and profitability for the 12 months ending September 30, 2024, along with stock performance through January 10, 2025. The rankings were independently conducted by Forbes, utilizing data from S&P Global Market Intelligence.

CEO Chris McComish attributed the achievement to the bank's people-forward approach, which delivered strong results for stakeholders in 2024 and is fostering optimism for continued growth in 2025.

S&T Bancorp (NASDAQ: STBA) reported Q4 2024 net income of $33.1 million ($0.86 per diluted share), compared to $32.6 million ($0.85) in Q3 2024 and $37.0 million ($0.96) in Q4 2023. Full-year 2024 net income was $131.3 million ($3.41 per share), down from $144.8 million ($3.74) in 2023.

Q4 2024 highlights include strong return metrics with ROA of 1.37%, ROE of 9.57%, and portfolio loans increasing by $53.9 million. Total deposits grew by $128.3 million, including $78.3 million in customer deposits. Asset quality improved with negative provision for credit losses of $2.5 million and net recoveries of $0.1 million.

The bank's net interest margin was 3.77% in Q4 2024, slightly down from 3.82% in Q3. The Board approved a quarterly cash dividend of $0.34 per share, representing a 3.03% increase year-over-year.