Welcome to our dedicated page for S & T Bancorp news (Ticker: STBA), a resource for investors and traders seeking the latest updates and insights on S & T Bancorp stock.
S&T Bancorp Inc. reports developments tied to its role as the bank holding company for S&T Bank, a banking subsidiary established in 1902 with operations in Pennsylvania and Ohio. Company updates commonly cover quarterly and annual earnings, net interest income, loan growth, deposit trends, credit-loss provisions, asset quality, regulatory capital levels and fee-based financial services.
News also includes board-approved cash dividends, share repurchases, branch network updates and other capital or operating actions. S&T Bank provides retail, commercial and small-business banking, cash management, trust, brokerage and private investment account services.
S&T Bancorp, Inc. (NASDAQ: STBA) will host a conference call to discuss its fourth quarter and full year 2021 earnings on January 27, 2022, at 1:00 p.m. ET. The earnings release will be available before the market opens on the same day. Key executives, including CEO Christopher J. McComish, will lead the call. Investors can access the call via S&T Bank's Investor Relations page. A replay will be available until February 3, 2022. S&T Bancorp is a $9.4 billion holding company headquartered in Pennsylvania, operating primarily in five markets across the Northeastern U.S.
S&T Bank will increase its base pay rate to $15 per hour starting January 2022. This decision aims to enhance workforce development and create job opportunities within the communities it serves. Approximately 43% of its workforce, or 501 employees, will benefit from this adjustment. The bank emphasizes its commitment to providing not just jobs, but careers through extensive compensation packages, including benefits and educational opportunities. S&T Bancorp, trading under the symbol STBA, is a $9.4 billion holding company based in Indiana, Pennsylvania.
S&T Bancorp, Inc. (NASDAQ: STBA) reported a net income of $27.6 million, or $0.70 per diluted share for Q3 2021, a slight decrease from $28.4 million in Q2 2021. Key highlights include a 7.0% annualized loan growth and a quarterly cash dividend increase to $0.29 per share. The bank saw an increase in noninterest income to $15.8 million, while noninterest expenses rose to $47.2 million. Overall asset quality showed challenges with an increase in nonperforming assets to 1.78%. The conference call for Q3 results is scheduled for October 21, 2021.
S&T Bancorp, Inc. (NASDAQ: STBA) has declared a cash dividend of $0.29 per share, a 3.6% increase from last year's $0.28. The dividend will be payable on November 18, 2021, to shareholders on record by November 4, 2021. Based on the October 18 closing price of $30.34, this results in an annualized yield of 3.8%. This decision reflects the company's ongoing commitment to returning value to shareholders while demonstrating financial stability in its five operational markets.
S&T Bancorp, Inc. (NASDAQ: STBA) will release its third quarter 2021 earnings on October 21, 2021, before the market opens. A conference call to discuss these results is scheduled for 1:00 p.m. ET on the same day, featuring CEO Christopher J. McComish, President David G. Antolik, and CFO Mark Kochvar. The call will be accessible via S&T Bank's Investor Relations webpage. Interested parties can submit questions via email before the call and will have the chance to ask during the presentation. A replay will be available until October 28, 2021.
S&T Bancorp reported a net income of $28.4 million, or $0.72 per diluted share, for Q2 2021, a decline from $31.9 million in Q1 2021 but an improvement from a $33.1 million loss year-over-year. New CEO Christopher McComish will take over on August 23, 2021. Key financial metrics include a ROA of 1.21% and a deposit increase of $139.2 million. However, net interest income fell to $68.3 million, and noninterest income dipped to $15.4 million. The Board declared a consistent $0.28 per share dividend.
The Board of Directors of S&T Bancorp, Inc. (NASDAQ: STBA) declared a cash dividend of $0.28 per share during its meeting on July 19, 2021. This dividend matches the amount declared in the same period last year. With the closing price of $28.91 on July 19, 2021, the annualized yield is 3.9%. Shareholders of record as of August 5, 2021 will receive the dividend on August 19, 2021.
S&T Bancorp, Inc. (NASDAQ: STBA) has appointed Christopher J. McComish as its new CEO, effective August 23, 2021. McComish, previously of TCF Bank, succeeds David G. Antolik, who served as interim CEO since April 2021 and will remain as president. The board expressed confidence in McComish's leadership, citing his extensive experience in consumer and commercial banking. With over 30 years in the financial sector, McComish aims to facilitate growth and enhance customer engagement as S&T pursues its strategic objectives.
S&T Bancorp, Inc. (NASDAQ: STBA) will hold a live conference call on July 22, 2021, at 1:00 p.m. ET to discuss its second quarter 2021 earnings. The company will release its earnings before the market opens on the same day. The conference call will feature interim CEO David G. Antolik and CFO Mark Kochvar, with public access via S&T Bank's Investor Relations webpage. A webcast replay will be available for 90 days post-call, and participants can submit questions before and during the call.
S&T Bank has appointed George Moy as the market executive and commercial banking regional manager for Northeast Ohio. With over 20 years of experience, Moy will drive the bank's growth strategy and enhance its brand presence in the region. S&T Bank, with $9.3 billion in assets, operates in five markets across Pennsylvania and Ohio. George Moy's leadership aims to improve customer experience and revenue through collaboration among various banking services. His previous roles include senior positions at large national banks.