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 (STBA), a community banking leader since 1902, provides trusted financial services across Pennsylvania, Ohio, and New York. This page offers a comprehensive collection of official company announcements and news updates for stakeholders tracking its regional banking operations.
Access verified press releases, earnings reports, and regulatory filings in one centralized location. Investors will find timely updates on financial performance, while businesses can monitor commercial banking initiatives and market expansions.
Our curated news feed covers strategic developments including loan portfolio updates, leadership changes, and community investment programs. All content is sourced directly from S&T Bancorp’s communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page to stay informed about STBA’s latest developments in retail banking innovation, trust service enhancements, and regional economic partnerships. For historical documents or detailed financial reports, visit the company’s investor relations portal.
S&T Bancorp (NASDAQ: STBA) reported net income of $34.4 million, or $0.89 per diluted share, for Q2 2024. Key highlights include:
- ROA of 1.45%, ROE of 10.61%, and ROTE of 15.01%
- Net interest margin increased to 3.85%
- Customer deposit growth of $155.1 million (8.63% annualized)
- Nonperforming assets at 0.45% of total loans plus OREO
- Total portfolio loans increased by $57.5 million (3.02% annualized)
- Total deposits grew by $80.0 million (4.23% annualized)
The bank maintained strong regulatory capital ratios and saw improvements in key financial metrics compared to Q1 2024.
S&T Bank, a wholly owned subsidiary of S&T Bancorp (NASDAQ: STBA), announced on July 11, 2024, that it has been named a 2024 Financial Services Industry Top Workplace Winner. This prestigious award reflects the bank's commitment to fostering a people-first workplace culture. CEO Chris McComish expressed gratitude toward employees for their engagement and feedback, which were important in achieving this recognition. The Energage 2024 Employee Survey, which gathers anonymous feedback from employees in the financial services industry, played a key role in the award process. S&T’s Chief Human Resources Officer, Susan Nicholson, highlighted the high participation rate and the importance of continuous employee insights to maintain and improve their workplace environment.
On July 1, 2024, S&T Bancorp (NASDAQ: STBA) announced it will host a conference call to discuss its second quarter 2024 earnings. The call is scheduled for 1:00 p.m. ET on Thursday, July 18, 2024, and will be conducted by CEO Christopher J. McComish, President David G. Antolik, and CFO Mark Kochvar. The earnings release will be available before the market opens on the same day. The public can access the live webcast and a replay via the company's Investor Relations webpage. Questions can be submitted prior to and during the webcast via email.
S&T Bank, a subsidiary of S&T Bancorp (NASDAQ: STBA), has announced the launch of its second annual Lemonade Days fundraising campaign. Scheduled from June 1 to June 8, 2024, the event will benefit Alex's Lemonade Stand Foundation (ALSF), the largest independent childhood cancer charity in the U.S. During the campaign, visitors to S&T Bank branches can donate to ALSF and receive complementary lemonade and treats. CEO Chris McComish emphasized the bank's commitment to community support, noting that last year's campaign raised over $30,000. This year, the campaign will expand across all S&T Bank markets, aiming to contribute even more to ALSF's mission of funding childhood cancer research and supporting affected families.
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