S&T BANK NAMED TO FORBES AMERICA'S BEST BANKS LIST FOR SECOND CONSECUTIVE YEAR
Rhea-AI Summary
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.
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News Market Reaction – STBA
In the trading session that priced this news, STBA gained 2.35%, reflecting a moderate positive market reaction.
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"We are incredibly proud to again be recognized among the top performing banks in the country by Forbes," said Chris McComish, chief executive officer of S&T Bank. "By remaining focused on S&T's people-forward purpose, our team was able to achieve great results for all of our stakeholders in 2024 and that performance is driving growth and supporting further optimism in 2025."
To achieve status as an America's Best Bank, ten equally weighted metrics measuring growth, credit quality and profitability were examined for the 12 months ending September 30, 2024 as well as stock performance for the 12 months ending January 10, 2025. Rankings are done separately by Forbes and S&P Global Market Intelligence provides the data.
S&T is ranked 46 and was the top ranked bank headquartered in
About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a
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SOURCE S&T Bank