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 For historical documents or detailed financial reports, visit the company’s investor relations portal.
On April 26, 2023, S&T Bancorp (NASDAQ: STBA) announced a cash dividend of $0.32 per share, marking a 6.7% increase from the prior year's dividend of $0.30. This dividend is based on the closing price of $26.62 on April 25, 2023, yielding 4.8% annually. The dividend is payable on May 25, 2023 to shareholders recorded as of May 11, 2023.
S&T Bancorp, a $9.2 billion bank holding company headquartered in Indiana, Pennsylvania, operates primarily through its subsidiary, S&T Bank, which has been recognized by Forbes as a 2022 Best-in-State Bank.
S&T Bancorp reported net income of $39.8 million for Q1 2023, down from $40.3 million in Q4 2022. Earnings per diluted share were $1.02, reflecting solid return metrics with a return on average assets (ROA) of 1.77% and a return on average equity (ROE) of 13.38%. Total portfolio loans increased by $67.1 million (3.8% annualized), while deposits decreased by $66.9 million (3.8% annualized). Net interest income was $88.8 million, a slight decrease due to higher funding costs. Noninterest income fell by $2.4 million, mainly due to a decline in other income. Total assets grew to $9.2 billion, with a stable capital position, maintaining all regulatory capital ratios above required thresholds.
S&T Bancorp, Inc. (NASDAQ: STBA) announced it will release its first quarter 2023 earnings before the market opens on April 20, 2023. A conference call to discuss the earnings will occur live at 1:00 p.m. ET on the same day, featuring key executives including CEO Christopher J. McComish, President David G. Antolik, and CFO Mark Kochvar. Investors can access the conference call via S&T Bancorp's Investor Relations webpage. Following the live presentation, the webcast will be archived for 12 months.
S&T Bancorp is a $9.1 billion holding company headquartered in Indiana, Pennsylvania, and operates primarily through S&T Bank.
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