S&T BANK TO OPEN NEW PITTSBURGH BRANCH AND EXPANDED OFFICE LOCATION

S&T Bank (NASDAQ: STBA) will open a new full-service branch and expanded Pittsburgh office at One North Shore Center, 12 Federal Street, replacing its previous North Shore location.

Rhea-AI Summary

S&T Bank (NASDAQ: STBA) will open a new full-service branch and expanded Pittsburgh office at One North Shore Center, 12 Federal Street, replacing its previous North Shore location. The office will span approximately 28,000 square feet, include modern amenities, and support a larger local workforce and community engagement.

Positive

• Opening a new full-service branch in Pittsburgh increases in-person customer access
• Expanding to approximately 28,000 square feet of Class A office space
• Partnership with Elmhurst for strategic renovation and Class A amenities
• New space designed to support future workforce growth and community engagement

Negative

• None.

Argus Jan 29 session

+0.98% close to close Open Argus

Details

News Market Reaction – STBA

On Jan 29, the day this news came out, STBA closed 0.98% above the previous close.

Data tracked by StockTitan Argus for the Jan 29 session.

Market Context

This announcement highlights S&T Bank’s decision to deepen its Pittsburgh presence with a new full‑s...

Analysis

This announcement highlights S&T Bank’s decision to deepen its Pittsburgh presence with a new full‑service branch and about 28,000 square feet of Class A office space at One North Shore Center. The move complements recent capital return actions, including a $100 million repurchase program and a higher $0.36 dividend. Investors may watch how this expansion supports loan and deposit growth, local market share, and operating efficiency over time relative to prior financial trends.

Key Figures

Current share price: $41.69 52-week range: $30.84 – $43.90 Market capitalization: $1,575,027,908 +5 more

Current share price

$41.69

Pre-news trading level

52-week range

$30.84 – $43.90

52-week low and high before this news

Market capitalization

$1,575,027,908

Equity value prior to announcement

200-day moving average

$38.24

Longer-term trend reference

Office space size

28,000 square feet

New One North Shore Center location

Elmhurst operating history

52 years

Age of Pittsburgh-based real estate partner

Share repurchase authorization

$100 million

Buyback program approved Jan 21, 2026

Quarterly dividend

$0.36 per share

Cash dividend approved Jan 28, 2026

Historical Context

5 past events · Latest: Jan 22

5 events

1. Jan 22

   Earnings results

   24h Move

   +2.9%

   Reported Q4 and full-year 2025 results with higher EPS and loan growth.

2. Jan 22

   Share repurchase

   24h Move

   +2.9%

   Board authorized new $100 million share repurchase program replacing prior plan.

3. Jan 02

   Earnings call notice

   24h Move

   -0.3%

   Announced timing and access details for Q4 2025 earnings webcast.

4. Oct 30

   Board appointment

   24h Move

   +2.1%

   Appointed Stephanie N. Doliveira to board, adding leadership and governance experience.

5. Oct 29

   Dividend increase

   24h Move

   +2.1%

   Raised quarterly dividend to $0.36 per share, up $0.02 year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

class a office property

1 terms

class a office property technical

"One North Shore is being strategically renovated into a Class A office property"

A Class A office property is a top-tier commercial building in a desirable location, built or updated to modern standards with high-quality materials, professional management, and attractive amenities that draw well-established tenants and command higher rents. Like investing in a luxury car instead of an older model, Class A offices tend to hold value better, deliver steadier rental income and are easier to sell, making them a lower-risk, premium option for investors, though they require larger upfront capital and can be sensitive to economic shifts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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INDIANA, Pa., Jan. 29, 2026 /PRNewswire/ -- S&T Bank, the wholly owned subsidiary of S&T Bancorp, Inc. (NASDAQ, STBA), announces plans to open a new full-service branch and expanded Pittsburgh office location at One North Shore Center at 12 Federal Street, growing the Bank's Pittsburgh area presence and strengthening its long-term commitment to serving customers, businesses and communities across the region. S&T will continue to maintain its corporate headquarters in Indiana, Pa., which remains central to the Bank's operations, culture and strategic direction.

The space at One North Shore Center, which is adjacent to the Roberto Clemente Bridge, will include both a branch offering a full suite of banking services and an expanded office space for area employees, replacing the Bank's previous location at 358 North Shore Drive, which does not include a branch and offers limited office space.

In partnership with Elmhurst, a 52-year-old Pittsburgh-based real estate firm, One North Shore is being strategically renovated into a Class A office property with an all new main lobby, common corridors, as well as modern amenities including a shared tenant lounge, wet bar and conference/training room that are designed to support an exceptional customer and employee experience. S&T's new branch and Class A office space will increase access to in-person banking services and provide additional space for S&T's team members.

"This expansion reflects our continued focus on growth and delivering on our people-forward banking purpose," said Chris McComish, chief executive officer of S&T Bank. "We are excited to partner with Elmhurst to create a welcoming environment that allows us to more effectively serve our customers and community and provide an elevated workplace for our colleagues."

Office Space and Amenities

The One North Shore Center space was selected due to its prime North Shore location and will span approximately 28,000 square feet. S&T's new offices will feature upgraded meeting areas and modern training space. Amenities will include technology-enabled conference rooms, wellness features, close proximity to public transit and flexible workspaces that are designed to create an environment that supports optimal customer and employee engagement.

"We are pleased to welcome S&T Bank to One North Shore," said Bill Hunt, President and CEO of Elmhurst. "Through our partnership, we are proud to build and manage this modern, Class A office space that fosters connection and growth, for both the Bank and the community it serves. S&T's enhanced presence at One North Shore will contribute to the continued vitality of the North Shore and bring valuable financial services to the City of Pittsburgh."

The new Pittsburgh office will launch with an initial workforce, occupying a larger space designed to accommodate future growth across all departments for area employees over time. The Bank expects the office to support local economic development through jobs, partnerships with community organizations and personalized financial solutions for businesses and individuals.

Details related to office and branch openings, employment opportunities and local and community engagement initiatives will be shared at a later date.

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.9 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.

About Elmhurst
Elmhurst is a Pittsburgh-rooted real estate investment and development firm with a 52-year track record of building value across office, industrial, hospitality, multifamily, and mixed-use assets. As part of a family legacy of over 135 years of investing in Pittsburgh, Elmhurst blends disciplined execution with human-centered values, earning trust through quiet strength and transparency. Today, Elmhurst acts as a connector — bringing together people, capital, and opportunity to create outcomes that last. With institutional standards and local credibility, Elmhurst stands apart as a confident long-term partner.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bank-to-open-new-pittsburgh-branch-and-expanded-office-location-302674061.html

SOURCE S&T Bank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will S&T Bank (STBA) open the new Pittsburgh branch at One North Shore Center?

No specific opening date was provided by the company; further timing will be shared later. According to the company, details related to office and branch openings and employment opportunities will be announced at a future date.

How large is the new S&T Bank (STBA) Pittsburgh office and what facilities will it include?

The new Pittsburgh office will span approximately 28,000 square feet and include upgraded meeting and training spaces. According to the company, amenities feature technology-enabled conference rooms, wellness features, flexible workspaces, and proximity to public transit.

Will S&T Bank (STBA) keep its corporate headquarters after the Pittsburgh expansion?

Yes, S&T Bank will maintain its corporate headquarters in Indiana, Pennsylvania while expanding in Pittsburgh. According to the company, the Indiana headquarters remains central to the bank's operations, culture and strategic direction.

What services will the new S&T Bank (STBA) One North Shore branch offer to customers?

The One North Shore location will operate as a full-service branch offering a complete suite of banking services. According to the company, the branch aims to increase access to in-person services for consumers and local businesses.

How will the S&T Bank (STBA) expansion impact local employment and community engagement in Pittsburgh?

The bank expects the new office to support local economic development through jobs and partnerships with community organizations. According to the company, the initial workforce occupies larger space designed to accommodate future growth across departments.