S&T Bancorp, Inc. Announces $100 Million Share Repurchase Program

Rhea-AI Summary

S&T Bancorp (NASDAQ: STBA) announced that its board authorized a new $100 million share repurchase program at the January 21, 2026 meeting. The program replaces the prior repurchase plan effective January 26, 2026 and expires February 1, 2027, with remaining capacity under the prior program terminated. Repurchases may occur via open-market or privately negotiated transactions up to the $100 million aggregate value; timing, price and quantity are at S&T's discretion and depend on market conditions, trading price, securities laws and the company's financial performance. The program does not obligate S&T to repurchase any specific number of shares and may be modified or discontinued.

The board said the authorization reflects disciplined capital management and provides flexibility to deploy capital while maintaining a strong balance sheet.

Positive

• $100 million authorized for share repurchases
• Program replaces prior plan effective Jan 26, 2026
• Repurchases via open market and private transactions

Negative

• No obligation to repurchase any specific number of shares
• Program set to expire on Feb 1, 2027

Key Figures

Share repurchase authorization: $100 million Program capacity: $100 million Program effective date: January 26, 2026 +5 more

8 metrics

Share repurchase authorization $100 million New buyback program authorized Jan 21, 2026

Program capacity $100 million Maximum aggregate value of common stock repurchases

Program effective date January 26, 2026 Date new repurchase program replaces existing one

Program expiration February 1, 2027 Scheduled expiry of repurchase authorization

Current share price $41.94 Price before news, up 4.34% over prior close

52-week range $30.84–$42.95 Current price 35.99% above low, 2.35% below high

Market capitalization $1,536,353,388 Equity value prior to buyback announcement

Volume vs. average 196,521 vs. 131,099 Today’s volume vs. 20-day average (1.5x)

Market Reality Check

Price: $43.17 Vol: Volume 196,521 is 1.5x th...

normal vol

$43.17 Last Close

Volume Volume 196,521 is 1.5x the 20-day average of 131,099, indicating elevated trading interest ahead of the buyback. normal

Technical Shares at $41.94 are trading above the 200-day MA of $38.03 and sit 2.35% below the 52-week high of $42.95.

Peers on Argus

Regional bank peers like SRCE, LKFN, NBHC, RBCAA and TCBK showed gains of 3.41%–...

Regional bank peers like SRCE, LKFN, NBHC, RBCAA and TCBK showed gains of 3.41%–4.84%, broadly aligning with STBA’s 4.34% move, though the momentum scanner did not flag a sector-wide move.

Common Catalyst At least one peer, TCBK, also announced a new share repurchase program alongside earnings, suggesting capital return actions are a concurrent theme among some regional banks.

Historical Context

5 past events · Latest: Jan 02 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 02	Earnings call notice	Neutral	-0.3%	Scheduled webcast and timing for Q4 and full-year 2025 earnings release.
Oct 30	Board appointment	Positive	+2.1%	Appointment of Stephanie N. Doliveira to the board of directors.
Oct 29	Dividend increase	Positive	+2.1%	Quarterly dividend raised to <b>$0.36</b> per share, a <b>5.88%</b> increase.
Oct 23	Earnings results	Positive	+1.7%	Q3 2025 results with higher net income, EPS and expanded NIM.
Oct 16	Executive recognition	Neutral	-4.8%	President David Antolik named 2025 C-Suite award recipient.

Pattern Detected

Recent corporate actions such as dividend increases and earnings reports often coincided with positive price reactions, though there have been notable divergences on governance and recognition news.

Recent Company History

Over the last few months, S&T Bancorp has highlighted steady operational progress and shareholder returns. An Oct 23, 2025 earnings release reported higher net income and improved margins, followed by an increased quarterly dividend to $0.36 per share on Oct 29, 2025, both with positive price reactions. Governance updates, including a new director appointment and executive recognition in October 2025, saw mixed market responses. Today’s $100 million repurchase authorization continues this pattern of capital return and board-driven actions.

Market Pulse Summary

This announcement detailed a new $100 million share repurchase program replacing the existing author...

Analysis

This announcement detailed a new $100 million share repurchase program replacing the existing authorization, effective January 26, 2026 and running through February 1, 2027. It emphasizes S&T Bancorp’s focus on capital management and flexibility to buy shares via open market and private transactions. In context of prior dividend increases and steady earnings, the program reinforces an ongoing capital return strategy. Investors may watch future disclosures on actual repurchase volumes and any changes to capital ratios.

Key Terms

share repurchase program, open market, privately negotiated transactions, common stock, +1 more

5 terms

share repurchase program financial

"announced that the board of directors authorized a new $100 million share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

open market financial

"through a combination of open market and privately negotiated transactions"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

privately negotiated transactions financial

"through a combination of open market and privately negotiated transactions"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

common stock financial

"authorizes the share repurchase of S&T's common stock from time to time"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

securities laws regulatory

"depending on ... the trading price of the common stock, applicable securities laws and other legal"

Securities laws are the rules and enforcement systems that govern the buying, selling and disclosure of stocks, bonds and other investment products; think of them as the traffic laws for financial markets that set what must be disclosed, forbid fraud and require fair dealing. They matter to investors because they help ensure companies provide accurate information, reduce the risk of deception or insider advantage, and make it easier to compare investments and seek remedies if something goes wrong.

AI-generated analysis. Not financial advice.

INDIANA, Pa., Jan. 22, 2026 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced that the board of directors authorized a new $100 million share repurchase program at its meeting held January 21, 2026. The new program will replace the existing share repurchase program effective January 26, 2026, and is set to expire February 1, 2027. The remaining capacity under the existing share repurchase program was terminated.

The new program authorizes the share repurchase of S&T's common stock from time to time through a combination of open market and privately negotiated transactions up to the authorized $100 million aggregate value of S&T's common stock. The specific timing, price and quantity of repurchases will be at the discretion of S&T and will depend on a variety of factors, including general market conditions, the trading price of the common stock, applicable securities laws and other legal and contractual requirements, as well as S&T's financial performance. The repurchase program does not obligate S&T to repurchase any particular number of shares and may be extended, modified or discontinued at any time.

"The board's authorization of the new share repurchase program reflects our focus on disciplined capital management given our robust capital position," said Chris McComish, chief executive officer. "The program provides flexibility to deploy capital in a manner that supports our long-term strategy and commitment to enhancing shareholder value, while maintaining a strong balance sheet."

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.8 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-100-million-share-repurchase-program-302667316.html

SOURCE S&T Bancorp, Inc.

FAQ

What did S&T Bancorp (STBA) announce on January 22, 2026 about buybacks?

S&T announced a new $100 million share repurchase program authorized by the board.

When does the STBA repurchase program take effect and expire?

The program replaces the prior plan effective Jan 26, 2026 and expires Feb 1, 2027.

How will S&T (STBA) execute repurchases under the $100M program?

Repurchases may occur through open-market and privately negotiated transactions at management discretion.

Does the STBA repurchase program guarantee a specific number of shares will be bought?

No. The program does not obligate S&T to repurchase any particular number of shares.

What factors will influence STBA's timing and size of repurchases?

Decisions depend on market conditions, the trading price, securities laws and S&T's financial performance.