S&T Bancorp (NASDAQ: STBA) Q1 2026 earnings, capital and credit quality
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
S&T Bancorp, Inc. furnished an investor presentation outlining strong first quarter 2026 performance. The company reported net income of $35.1 million and diluted EPS of $0.94, with return on assets of 1.44% and return on average tangible equity of 13.22%.
Net interest margin on a fully tax-equivalent basis was 3.92%, supported by net interest income of $88.4 million and disciplined funding costs. Loans totaled $7.96 billion while deposits reached $8.19 billion, reflecting broad-based deposit growth and reduced wholesale funding.
Asset quality remained solid, with nonperforming assets at 0.63% of loans and OREO, net charge-offs of 0.09% of average loans, and an allowance for credit losses of 1.17% of portfolio loans. Capital stayed robust, including a tangible common equity to tangible assets ratio of 11.03% and ongoing share repurchases and dividend growth.
Positive
- None.
Negative
- None.
Insights
Q1 2026 shows solid profitability, strong capital and stable credit quality for S&T Bancorp.
S&T Bancorp generated Q1 2026 net income of $35.1M and EPS of $0.94, with ROA at 1.44% and return on average tangible equity at 13.22%. Net interest margin on an FTE basis was a healthy 3.92%, supported by $88.4M of net interest income.
Balance sheet trends were constructive. Loans were $7.96B and deposits $8.19B, with deposit growth of 11.5% annualized and customer deposits up 16.0% annualized, while wholesale funding declined. Tangible common equity to tangible assets of 11.03% and risk-based capital ratios above 14% indicate substantial capital strength.
Credit metrics remained favorable: the allowance for credit losses was 1.17% of portfolio loans, net charge-offs were 0.09% of average loans (annualized), and nonperforming assets were 0.63% of loans plus OREO. Coupled with ongoing share repurchases totaling $85.8M across late 2025 and Q1 2026 and a higher dividend of $0.37 per share, the data depict a stable, profitable regional bank with capacity to support organic growth and selective M&A.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net income: $35.1M
Diluted EPS: $0.94
Net interest margin (FTE): 3.92%
+5 more
8 metrics
Net income
$35.1M
Q1 2026
Diluted EPS
$0.94
Q1 2026
Net interest margin (FTE)
3.92%
Q1 2026
Total deposits
$8.19B
As of Q1 2026
Total loans
$7.96B
As of Q1 2026 portfolio loans
Allowance for credit losses
1.17%
Of total portfolio loans, Q1 2026
Nonperforming assets ratio
0.63%
Of total loans plus OREO, Q1 2026
TCE / tangible assets
11.03%
As of Q1 2026
Key Terms
net interest margin (FTE), allowance for credit losses, tangible common equity to tangible assets, pre-provision net revenue (PPNR), +1 more
5 terms
net interest margin (FTE) financial
"Net interest margin on an FTE basis was 3.92%, supported by net interest income of $88.4 million"
allowance for credit losses financial
"Allowance for credit losses reflects reduced credit risk and aligns with peer median"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
tangible common equity to tangible assets financial
"Tangible common equity to tangible assets (non-GAAP) 11.03 %"
Tangible common equity to tangible assets is a ratio that compares the amount of common shareholders’ capital after removing intangible items (like goodwill) to a company’s physical and financial assets after the same removal. It tells investors how much real, loss‑absorbing capital supports each dollar of tangible assets—think of it as the safety cushion under a car: the thicker the cushion, the more protection against unexpected losses.
pre-provision net revenue (PPNR) financial
"Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses"
Pre-provision net revenue (PPNR) measures a bank’s core income after operating costs but before setting aside money for expected loan losses, taxes or extraordinary items. It shows how much cash the business generates from normal activities — like a household’s take-home income before putting money into an emergency fund — and matters to investors because higher PPNR means a bigger cushion to absorb loan losses and support future profits or dividend payments.
nonperforming assets financial
"Nonperforming Assets/Total Loans + OREO 0.63%"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
Earnings Snapshot
Net income: $35.1M
Q1 2026
Net income
$35.1M
Diluted EPS
$0.94
5.6% growth vs Q4 2025
Total revenue
$102.1M
Net interest margin (FTE)
3.92%
ROA
1.44%
ROTE (non-GAAP)
13.22%
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
(800 ) 325-2265
Registrant's telephone number, including area code
(Not applicable)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
The attached investor presentation contains financial data that members of management will use from time to time during visits with investors, analysts and other interested parties to assist in their understanding of S&T Bancorp, Inc. (“S&T”). This investor presentation is available on S&T’s website at www.stbancorp.com. A copy of the investor presentation is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
The information in this Current Report on Form 8-K is being furnished under Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |||||||
99.1 | Investor Presentation | |||||||
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized.
S&T Bancorp, Inc. | |||||
| /s/ Mark Kochvar | |||||
February 11, 2026 | Mark Kochvar Senior Executive Vice President, Chief Financial Officer | ||||
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer First Quarter 2026
Forward Looking Statements and Risk Factors This information contains or incorporates statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position and other matters regarding or affecting S&T and its future business and operations. Forward-looking statements are typically identified by words or phrases such as “will likely result,” “expect,” “anticipate,” “estimate,” “forecast,” “project,” “intend,” “believe,” “assume,” “strategy,” “trend,” “plan,” “outlook,” “outcome,” “continue,” “remain,” “potential,” “opportunity,” “comfortable,” “current,” “position,” “maintain,” “sustain,” “seek,” “achieve” and variations of such words and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to: credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge- offs and changes in estimates of the adequacy of the allowance for credit losses, or ACL; cybersecurity concerns; rapid technological developments and changes, including the use of artificial intelligence and digital assets; operational risks or risk management failures by us or critical third parties, including fraud risk; our ability to manage our brand risks; sensitivity to the interest rate environment, a rapid increase in interest rates or a change in the shape of the yield curve; a change in spreads on interest-earning assets and interest-bearing liabilities; regulatory supervision and oversight, including changes in regulatory capital requirements and our ability to address those requirements; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; changes in accounting policies, practices or guidance; legislation affecting the financial services industry as a whole, and S&T, in particular; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; the outcome of pending and future litigation and governmental proceedings; increasing price and product/service competition; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; managing our internal growth and acquisitions; the possibility that the anticipated benefits from acquisitions cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; containing costs and expenses; reliance on significant customer relationships; an interruption or cessation of an important service by a third-party provider; our ability to attract and retain talented executives and other employees; general economic or business conditions, including the strength of regional economic conditions in our market area; ESG practices and disclosures, including climate change, hiring practices, the diversity of the work force and racial and social justice issues; deterioration of the housing market and reduced demand for mortgages; deterioration in the overall macroeconomic conditions or the state of the banking industry that could warrant further analysis of the carrying value of goodwill and could result in an adjustment to its carrying value resulting in a non-cash charge to net income; the stability of our core deposit base and access to contingency funding; re-emergence of turbulence in significant portions of the global financial and real estate markets that could impact our performance, both directly, by affecting our revenues and the value of our assets and liabilities, and indirectly, by affecting the economy generally and access to capital in the amounts, at the times and on the terms required to support our future businesses and geopolitical tensions and conflicts between nations. Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2025, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made. Non-GAAP Financial Measures In addition to traditional measures presented in accordance with GAAP, our management uses, and this information contains or references, certain non-GAAP financial measures, such as tangible book value, return on average tangible shareholder's equity, PPNR to average assets, efficiency ratio on an FTE basis, tangible common equity to tangible assets and net interest margin on an FTE basis. We believe these non-GAAP financial measures provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Although we believe that these non-GAAP financial measures enhance investors’ understanding of our business and performance, these non-GAAP financial measures should not be considered alternatives to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with non-GAAP measures which may be presented by other companies. The non-GAAP financial measures contained within this presentation should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the respective Quarterly Reports on Form 10-Q and in Exhibit 99.1 of Form 8-K for S&T Bancorp, Inc. and subsidiaries. 2
3 • Founded in Indiana, PA in 1902 • $9.9 billion in assets • $8.2 billion in deposits • $8.0 billion in loans • $1.5 billion market cap • Stock symbol: STBA Corporate Profile
Geographic Footprint 4 Serving 131,000 households in Pennsylvania and Ohio Footprint comprises 9.8 million people and 222,000 businesses 1,200 team members providing exceptional customer satisfaction at more than 70 locations Akron Columbus Philadelphia Harrisburg Pittsburgh Indiana City Branch
5 Strategic Path VALUES PURPOSE DRIVERS Our Shared Future represents a journey focused on building a foundation that enables profitable and sustainable growth.
Performance Drivers and Targets 6 Enterprise Risk Management Talent & Engagement Deposit Franchise Loans/Deposits below median Cost of Deposits below median Core Profitability PPNR/Avg Assets* top quartile NIM (FTE)* above median Asset Quality NCO/Loans below median NPA/Loans & OREO below median Valuation Price/Tangible Book Value top quartile Total Shareholder Return top quartile Performance Drivers and Targets(1) Goals Delivering long-term, sustainable financial performance (1)Targets are measured against our peer group. Refer to appendix. *Non-GAAP financial measure.
Strategic Priorities Execute customer growth strategies to improve operating leverage Organic Growth Maintain strong asset quality through disciplined credit risk management practices Asset Quality Strategically manage capital through organic growth, selective M&A and share repurchases Capital Management
Strategy Deposits * Households Loans 8 Organic Growth 131,000 125,000 (95% of total) $8.0B $8.0B $2.1B (26% of total) $5.6B (70% of total) $1.2B (15% of total) $0.8B (10% of total) 5,000 (4% of total) 1,000 (1% of total) $1.6B (20% of total) $4.7B (59% of total) • Consistent growth through further penetration of C&I in existing footprint with strategic expansion of CRE • Drive deposit growth through increased Treasury Management penetration including enhanced payments capabilities Execute customer growth strategies to improve operating leverage • Evolving from an asset generating focus to a more balanced deposit-led strategy • Drive deposit growth through Treasury Management solutions including digital offerings • Acquire and deepen households using a data- enabled framework • Drive deposit growth through relationship-led execution with data-enabled tools and enhanced digital engagement*Excludes brokered deposit of $100.0 million Customer Type Consumers and small businesses <$1 million revenue $1 - $15 million revenue > $15 million revenue Loan and deposit balances are presented based on internal line-of-business classification and do not reconcile to loans and deposits elsewhere within this presentation. Data as of March 31, 2026
9 Capital Management Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures • Strong capital position provides flexibility to support organic growth, to pursue selective acquisitions and repurchase shares • Total share repurchases for both 4Q25 and 1Q26 were 2,094,370 shares at an average price of $40.99 per share totaling $85.8 million • The remaining capacity under the existing share repurchase program was $50.4 million at March 31, 2026 • STBA approved a $0.37 per share cash dividend on April 29, 2026. This is an increase of $0.01, or 2.78 percent, compared 4Q25 and an increase of $0.03, or 8.82 percent, compared to 1Q25. 1Q 2026
10 M&A Target Priorities • Existing or contiguous market expansion with institutions $1 - $6 billion in assets • Enhancement of deposit franchise • Access to growing markets • Alignment of cultures S&T Preparedness • Record levels of capital • Strong performer with solid return metrics • Infrastructure for growth • Foundation built for enhanced regulatory oversight • Strong leadership team blending legacy with new large-bank expertise • Industry leading employee engagement and customer loyalty Mergers & Acquisitions Strategically positioned to capitalize on selective M&A opportunities
11 Asset Quality 0.23% 2.92% (1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. *4Q25 Peer Data 1.32% 14.41% Maintain strong asset quality through disciplined credit risk management practices Asset Quality Highlights • Asset quality improvement reflects a multi-year strategic focus on strengthening credit risk management practices • Criticized and classified loans have declined materially since 2022, positively impacting earnings in both 2024 and 2025 with a lower level of allowance for credit losses • Allowance for credit losses reflects reduced credit risk and aligns with peer median (1)* (1)* Peer
12 First Quarter Overview RETURN METRICS EARNINGS Net Income $35.1 million EPS $0.94 ROA 1.44% ROE 9.77% ROTE* 13.22% PPNR* 1.87% ACL 1.17% NCO(1) 0.09% ASSET QUALITY NPA 0.63% NIM (FTE)* 3.92% Efficiency Ratio (FTE)* 55.23% BALANCE SHEET Loan decline $112.6 million 5.7% (annualized) Deposit growth $226.4 million 11.5% (annualized) OTHER Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures(1)QTD Annualized HIGHLIGHTS • Solid earnings and return metrics • EPS growth of 5.6% from 4Q25 and 8.0% from 1Q25 • ROTE* of 13.22% impacted by strong earnings and $49.6 million of shares repurchased in 1Q26 • Strong NIM (FTE)* at 3.92% • Broad-based deposit growth of $226.4 million (11.5% annualized) • NPAs decreased $5.7 million and net charge-offs were low at $1.7 million
PPNR / AVERAGE ASSETS * 2022 2023 2024 2025 1Q 2026 0.0% 0.6% 1.2% 1.8% 2.4% RETURN ON AVERAGE TANGIBLE EQUITY * 2022 2023 2024 2025 1Q 2026 0.0% 5.0% 10.0% 15.0% 20.0% RETURN ON AVERAGE ASSETS 2022 2023 2024 2025 1Q 2026 0.0% 0.4% 0.8% 1.2% 1.6% RETURN ON AVERAGE EQUITY 2022 2023 2024 2025 1Q 2026 0.0% 2.5% 5.0% 7.5% 10.0% 12.5% Performance 13 1.56% 1.44% 11.80% 11.47% 9.29% 1.93% 1.77% 1.82% 17.15%17.02% (1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. (*)Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 1.37% 9.86% 13.84% 2.12% 1.87% 9.77% 12.62% 13.22% Peer(1) Peer(1) Peer(1) Peer(1) 1.38% 1.48%
14 Balance Sheet Dollars in millions 1Q26 4Q25 Var $ 339 $ 163 $ 176 1,010 988 22 7,959 8,072 (113) 8,185 7,959 226 150 265 (115) (150) (100) (50) 0 50 100 150 200 250 Cash & Int Bear Bal Securities Loans Total Deposits Borrowings 1Q26 vs 4Q25: 1Q26 vs 4Q25 DEPOSIT CHANGES DECREASES/INCREASES • Customer deposit growth of $306.5 million (16.0% annualized) • Reduced wholesale funding by $195.1 million • DDA remains strong at 28% of total deposits • Loan balances declined due to lower fundings, reduced line utilization and higher CRE payoffs
Loan Mix Our loan portfolio is well-diversified: Dollars in millions 15 Amount % of Total CRE $3,532 44% Consumer $2,512 32% C&I 1,511 19% Construction 404 5% Total $7,959 100%
Deposit Mix We have a strong, well-diversified deposit base of more than 130,000 households: Dollars in millions 16 Amount % of Total DDA $2,273 28% MM 2,265 28% CDs 1,980 24% Savings 883 11% Int Bear DDA 784 9% Total $8,185 100% Amount % of Total Consumer $5,642 69% Commercial 1,583 19% Business 784 10% Brokered 100 1% Other 76 1% Total $8,185 100% Business Business 1% Commercial 1% Other 1% Comm Business 1%
17 FUNDING SOURCES Funding Capacity • Strong liquidity position with well-diversified deposit base • Significant funding availability through FHLB and Federal Reserve • Insured and collateralized municipal deposits comprise 69% of total deposits • Funding availability meets liquidity needs in both normal and stressed environments Dollars in millions Capacity Used Available FHLB $2,117 $266 $1,851 Federal Reserve 2,115 — 2,115 Total Funding Sources $4,232 $266 $3,966 $3,966 $2,927 Available Funding Uninsured Deposits =135% INSURED/UNINSURED DEPOSITS
18 Asset Quality ACL Trend: Dollars in millions ASSET QUALITY TRENDS • ACL was stable at 1.17% compared to 1.15% at December 31, 2025 • Net loan charge-offs of $1.7 million, or 0.09% of total loans • NPAs decreased $5.7 million to $49.9 million, or 0.63% of total loans plus OREO % o f A verage Lo ans Net Loan Charge-offs/(Recoveries) 1Q25 2Q25 3Q25 4Q25 1Q26 $(4) $0 $4 $8 $12 $16 $20 (0.20)% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% % o f G ro ss Lo ans Allowance for Credit Losses (ACL) 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $20 $40 $60 $80 $100 $120 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% (1)QTD Annualized (1) % o f Po rtfo lio Lo ans and O R EO Nonperforming Assets 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $20 $40 $60 $80 0.00% 0.25% 0.50% 0.75% 1.00%
19 (0.12)% (0.03)% (0.11)% (0.08)% 2.08% 2.08% 2.05% 1.94% 1.86% Changes in Cost of Funds Cost of Funds 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income $83.3 $86.6 $89.2 $91.0 $88.4 3.81% 3.88% 3.93% 3.99% 3.92% 3.38% 3.55% 3.68% 3.72% NII NIM (FTE)* Peer 1Q25 2Q25 3Q25 4Q25 1Q26 Total Cost of Funds • Strong NIM (FTE)* at 3.92% • Cost of funds declined 8 basis points due to lower rates on deposits and reduced levels of borrowings and brokered CDs • Net interest income increased $5.1 million, or 6.1%, from 1Q25 0.00% Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures(1)Peer median. Refer to appendix for peer group. Peer data from S&P Global Market Intelligence. (1) 3.80%
20 Noninterest Income Dollars in millions 1Q26 1Q26 vs 4Q25 1Q26 vs 1Q25 Debit and Credit Card $4.3 ($0.5) $0.1 Service Charges 4.2 — 0.2 Investment Services and Trust 3.4 0.2 0.3 Loss on Sale of Securities — — 2.3 Other 1.7 (0.4) 0.3 Noninterest Income $13.6 ($0.7) $3.2 • Customer activity seasonally slower $12.7
21 1Q26 1Q26 vs 4Q25 1Q26 vs 1Q25 Salaries & Benefits $31.4 ($1.3) $1.5 Data Processing 5.1 — 0.1 Occupancy 4.6 0.7 0.3 FF&E 3.5 — — Other Taxes 2.1 0.3 0.6 Marketing 1.5 (0.1) (0.1) Professional Services 1.2 — — FDIC 1.1 — — Other 6.2 (0.1) (0.8) Noninterest Expense $56.7 ($0.5) $1.6 Noninterest Expense • Expenses were well-controlled driving a solid efficiency ratio (FTE)* of 55% Dollars in millions *Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures
22 Securities • Securities portfolio is only 10% of total assets • 100% of securities portfolio is classified as available for sale • Average duration of 3.5 years • AOCI of $42.7 million related to securities portfolio SECURITIES MIX $1,009.5 Dollars in millions
Income Statement 1Q26 2025 2024 2023 2022 (Dollars in thousands, except per share data) YTD Net Interest Income $88,436 $350,096 $334,806 $349,410 $315,783 Noninterest Income 13,642 52,023 49,083 57,620 58,259 Total Revenue 102,078 402,119 383,889 407,030 374,042 Noninterest Expense 56,707 226,757 218,938 210,334 196,746 Provision for Credit Losses 1,327 7,422 133 17,892 8,366 Net Income Before Taxes 44,044 167,940 164,818 178,804 168,930 Taxes 8,972 33,710 33,553 34,023 33,410 Net Income $35,072 $134,230 $131,265 $144,781 $135,520 Diluted Earnings per Share $0.94 $3.49 $3.41 $3.74 $3.46 Financial Data 23
Financial Data 24 Balance Sheet 1Q26 2025 2024 2023 2022 (Dollars in thousands) Cash and Interest-bearing Deposits $339,059 $163,436 $244,820 $233,612 $210,009 Total Securities 1,009,518 987,659 987,591 970,391 1,002,778 Total Net Loans 7,866,805 7,979,789 7,641,464 7,545,528 7,082,645 Other Assets 728,621 740,096 784,097 801,995 815,135 Total Assets $9,944,003 $9,870,980 $9,657,972 $9,551,526 $9,110,567 Total Deposits $8,185,219 $7,958,831 $7,783,117 $7,521,769 $7,219,970 Total Borrowed Funds 150,287 265,293 250,314 503,635 439,194 Other Liabilities 177,816 182,979 244,247 242,677 266,744 Equity 1,430,681 1,463,877 1,380,294 1,283,445 1,184,659 Total Liabilities & Equity $9,944,003 $9,870,980 $9,657,972 $9,551,526 $9,110,567
Net Interest Margin 1Q26 2025 2024 2023 2022 YTD Securities - FTE(1) 3.78% 3.74% 3.05% 2.61% 2.25% Loans - FTE(1) 5.86% 6.02% 6.24% 6.04% 4.50% Total Interest-earning Assets - FTE(1) 5.60% 5.74% 5.87% 5.64% 4.06% Interest-bearing Deposits 2.47% 2.70% 2.92% 1.92% 0.40% Borrowings 4.66% 4.94% 5.41% 5.59% 3.01% Total Costing Liabilities 2.54% 2.79% 3.09% 2.34% 0.49% Net Interest Margin (FTE)(1) 3.92% 3.90% 3.82% 4.13% 3.76% Financial Data (1)Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures 25
Financial Data 26 Loan Portfolio 1Q26 2025 2024 2023 2022 (Dollars in thousands) Commercial Real Estate $3,532,106 $3,626,784 $3,388,017 $3,357,603 $3,128,187 Commercial and Industrial 1,511,082 1,519,336 1,540,397 1,642,106 1,718,976 Commercial Construction 404,012 380,091 352,886 363,284 399,371 Total Commercial 5,447,200 5,526,211 5,281,300 5,362,993 5,246,534 Residential Mortgage 1,689,731 1,710,351 1,649,639 1,461,097 1,116,528 Home Equity 711,235 707,966 653,756 650,666 652,066 Installment and Other Consumer 83,951 91,280 104,757 114,897 124,896 Consumer Construction 27,265 36,149 53,506 63,688 43,945 Total Consumer 2,512,182 2,545,746 2,461,658 2,290,348 1,937,435 Total Portfolio Loans 7,959,382 8,071,957 7,742,958 7,653,341 7,183,969 Loans Held for Sale 694 1,010 — 153 16 Total Loans $7,960,076 $8,072,967 $7,742,958 $7,653,494 $7,183,985
Asset Quality 1Q26 2025 2024 2023 2022 (Dollars in thousands) Total Nonaccrual Loans $49,949 $55,558 $27,937 $22,946 $19,052 Nonaccrual Loans/Total Loans 0.63% 0.69% 0.36% 0.30% 0.27% Nonperforming Assets/Total Loans + OREO 0.63% 0.69% 0.36% 0.30% 0.31% Net Loan Charge-offs/Average Loans(1) 0.09% 0.18% 0.11% 0.18% 0.04% Allowance for Credit Losses/Total Portfolio Loans 1.17% 1.15% 1.31% 1.41% 1.41% Allowance for Credit Losses/Nonaccrual Loans 187% 168% 363% 471% 532% Financial Data 27
Capital 1Q26 2025 2024 2023 2022 Tier 1 Leverage 11.82% 12.18% 11.98% 11.21% 11.06% Common Equity Tier 1 – Risk-Based Capital 14.18% 14.32% 14.58% 13.37% 12.81% Tier 1 – Risk-Based Capital 14.49% 14.62% 14.90% 13.69% 13.21% Total – Risk-Based Capital 16.06% 16.19% 16.49% 15.27% 14.73% Tangible Common Equity/Tangible Assets(1) 11.03% 11.46% 10.82% 9.88% 9.24% Financial Data 28(1)Non-GAAP financial measure. Refer to appendix for reconciliation of non-GAAP financial measures
Appendix Peer Group 29 Company Ticker 1st Source Corporation SRCE Camden National Corp. CAC City Holding Company CHCO CNB Financial Corp. CCNE Community Bank System, Inc. CBU First Commonwealth Financial Corporation FCF First Financial Bancorp. FFBC First Merchants Corporation FRME German American Bancorp Inc. GABC Horizon Bancorp Inc. HBNC Lakeland Financial Corp. LKFN NBT Bancorp Inc. NBTB Northwest Bancshares, Inc. NWBI OceanFirst Financial Corp. OCFC Park National Corporation PRK Peoples Bancorp Inc. PEBO Stock Yards Bancorp Inc. SYBT Tompkins Financial Corporation TMP TowneBank TOWN Univest Financial Corp. UVSP
1Q26 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $142,236 Plus: amortization of intangibles (annualized), net of tax 583 Net income before amortization of intangibles (annualized) $142,819 Average total shareholders' equity $1,455,682 Less: average goodwill and other intangible assets, net of deferred tax liability (375,136) Average tangible equity (non-GAAP) $1,080,546 Return on average tangible shareholders' equity (non-GAAP) 13.22 % Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure financial performance. Pre-provision Net Revenue (PPNR)/Average Assets (non-GAAP) Income before taxes $44,044 Plus: Provision for credit losses 1,327 Total $45,371 Total (annualized) (non-GAAP) $184,005 Average assets $9,865,455 PPNR/Average Assets (non-GAAP) 1.87 % Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses. We believe this to be a preferred industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital. Appendix Definitions of GAAP to Non-GAAP Financial Measures 30
1Q26 4Q25 3Q25 2Q25 1Q25 (Dollars in thousands) Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,430,681 $1,463,877 $1,475,466 $1,445,493 $1,418,034 Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,359) (375,522) (375,646) Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,100,107 $1,069,971 $1,042,388 Total assets $9,944,003 $9,870,980 $9,817,483 $9,810,069 $9,718,276 Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,359) (375,522) (375,646) Tangible assets (non-GAAP) $9,568,944 $9,495,778 $9,442,124 $9,434,547 $9,342,630 Tangible common equity to tangible assets (non-GAAP) 11.03 % 11.46 % 11.65 % 11.34 % 11.16 % Tangible common equity to tangible assets is a preferred industry measurement to evaluate capital adequacy. Efficiency Ratio (FTE) (non-GAAP) Noninterest expense $56,707 $57,176 $56,376 $58,114 $55,091 Net interest income $88,436 $90,960 $89,241 $86,572 $83,323 Plus: taxable equivalent adjustment 590 605 602 590 617 Net interest income (FTE) (non-GAAP) 89,026 91,565 89,843 87,162 83,940 Noninterest income 13,642 14,331 13,763 13,500 10,429 Plus: net loss on sale of securities — — — — 2,295 Less: gain on Visa Class B-1 exchange — — — — — Net interest income (FTE) (non-GAAP) plus noninterest income $102,668 $105,896 $103,606 $100,662 $96,664 Efficiency ratio (FTE) (non-GAAP) 55.23 % 53.99 % 54.41 % 57.73 % 56.99 % The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses on sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice. Net Interest Margin (NIM) (FTE) (non-GAAP) Interest income and dividend income $126,333 $131,113 $131,623 $128,906 $124,848 Less: interest expense (37,897) (40,153) (42,382) (42,334) (41,525) Net interest income 88,436 90,960 89,241 86,572 83,323 Plus: taxable equivalent adjustment 590 605 602 590 617 Net interest income (FTE) (non-GAAP) $89,026 $91,565 $89,843 $87,162 $83,940 Net interest income (FTE) (annualized) $361,050 $363,274 $356,442 $349,606 $340,423 Average interest-earning assets $9,172,481 $9,115,453 $9,100,239 $9,012,011 $8,899,485 Net interest margin (FTE) (non-GAAP) 3.92 % 3.99 % 3.93 % 3.88 % 3.81 % The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income. Appendix Definitions of GAAP to Non-GAAP Financial Measures 31
1Q26 2025 2024 2023 2022 (Dollars in thousands) Return on Average Tangible Shareholders' Equity (ROTE) (non-GAAP) Net income (annualized) $142,236 $134,230 $131,265 $144,781 $135,520 Plus: amortization of intangibles (annualized), net of tax 583 674 904 1,042 1,199 Net income before amortization of intangibles (annualized) $142,819 $134,904 $132,169 $145,823 $136,719 Average total shareholders' equity $1,455,682 $1,444,322 $1,330,870 $1,227,332 $1,181,788 Less: average goodwill and other intangible assets, net of deferred tax liability (375,136) (375,508) (376,181) (377,157) (378,303) Average tangible equity (non-GAAP) $1,080,546 $1,068,814 $954,689 $850,175 $803,485 Return on average tangible shareholders’ equity (non-GAAP) 13.22 % 12.62 % 13.84 % 17.15 % 17.02 % Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure financial performance. Net Interest Margin (NIM) (FTE) (Non-GAAP) Interest income and dividend income $126,333 $516,490 $515,872 $477,901 $340,751 Less: interest expense (37,897) (166,394) (181,066) (128,491) (24,968) Net interest income per consolidated statements of net income 88,436 350,096 334,806 349,410 315,783 Plus: taxable equivalent adjustment 590 2,415 2,706 2,550 2,052 Net interest income (FTE) (non-GAAP) $89,026 $352,511 $337,512 $351,960 $317,835 Net interest income (FTE) (annualized) $361,050 $352,511 $337,512 $351,960 $317,835,000 Average interest-earning assets $9,172,481 $9,032,576 $8,835,468 $8,519,775 $8,445,958 Net Interest Margin 3.89 % 3.87 % 3.79 % 4.10 % 3.74 % Adjustment to FTE basis 0.03 % 0.03 % 0.03 % 0.03 % 0.02 % Net Interest Margin (FTE) (non-GAAP) 3.92 % 3.90 % 3.82 % 4.13 % 3.76 % The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income. Appendix Definitions of GAAP to Non-GAAP Financial Measures 32
1Q26 2025 2024 2023 2022 (Dollars in thousands) PPNR/Average Assets (Non-GAAP) Income before taxes $44,044 $167,940 $164,818 $178,804 $168,930 Less: net losses (gains) on sale of securities — 2,295 7,938 — (198) Less: gain on Visa Class B-1 exchange — — (3,492) — — Plus: provision for credit losses 1,327 7,422 133 17,892 8,366 Total adjusted income before taxes (non-GAAP) $45,371 $177,657 $169,397 $196,696 $177,098 Total adjusted income before taxes (annualized) (non-GAAP) $184,005 $177,657 $169,397 $196,696 $177,098 Average assets $9,865,455 $9,740,537 $9,572,834 $9,276,256 $9,167,038 PPNR/Average Assets (non-GAAP) 1.87 % 1.82 % 1.77 % 2.12 % 1.93 % Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa exchange. We believe this to be a preferred industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital. Tangible Common Equity (TCE)/Tangible Assets (non-GAAP) Total shareholders' equity $1,430,681 $1,463,877 $1,380,294 $1,283,445 $1,184,659 Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,837) (376,631) (377,673) Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,004,457 $906,814 $806,986 Total assets $9,944,003 $9,870,980 $9,657,972 $9,551,526 $9,110,567 Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,837) (376,631) (377,673) Tangible assets (non-GAAP) $9,568,944 $9,495,778 $9,282,135 $9,174,895 $8,732,894 Tangible common equity to tangible assets (non-GAAP) 11.03 % 11.46 % 10.82 % 9.88 % 9.24 % Tangible common equity to tangible assets is a preferred industry measurement to evaluate capital adequacy. Appendix Definitions of GAAP to Non-GAAP Financial Measures 33
1Q26 2025 2024 2023 2022 (Dollars in thousands) Interest and Dividend Income Interest-bearing deposits with banks $1,398 $5,311 $8,855 $7,344 $2,952 Securities 9,414 37,358 29,665 25,207 22,449 Loans 115,294 472,673 476,083 442,675 314,774 Other earning assets 227 1,148 1,269 2,675 576 Total Interest and Dividend Income $126,333 $516,490 $515,872 $477,901 $340,751 NIM - Securities (FTE) (Non-GAAP) Interest income $9,414 $37,358 $29,665 $25,207 $22,449 Plus: taxable equivalent adjustment 12 79 195 238 431 Interest income (FTE) (non-GAAP) $9,426 $37,437 $29,860 $25,445 $22,880 Interest income (FTE) (annualized) $38,228 $37,437 $29,860 $25,445 $22,880 Average interest-earning assets $997,037 $999,735 $977,896 $976,095 $1,017,471 Net Interest Margin 3.78 % 3.74 % 3.03 % 2.58 % 2.21 % Adjustment to FTE basis — % — % 0.02 % 0.03 % 0.04 % Net Interest Margin (FTE) (non-GAAP) 3.78 % 3.74 % 3.05 % 2.61 % 2.25 % NIM - Loans (FTE) (Non-GAAP) Interest income $115,294 $472,673 $476,083 $442,675 $314,774 Plus: taxable equivalent adjustment 578 2,336 2,511 2,312 1,621 Interest income (FTE) (non-GAAP) $115,872 $475,009 $478,594 $444,987 $316,395 Interest income (FTE) (annualized) $469,925 $475,009 $478,594 $444,987 $316,395 Average interest-earning assets $8,009,242 $7,894,845 $7,673,691 $7,363,738 $7,037,471 Net Interest Margin 5.83 % 5.99 % 6.20 % 6.01 % 4.47 % Adjustment to FTE basis 0.03 % 0.03 % 0.04 % 0.03 % 0.03 % Net Interest Margin (FTE) (non-GAAP) 5.86 % 6.02 % 6.24 % 6.04 % 4.50 % NIM - Total Interest-earning Assets (FTE) (Non-GAAP) Average interest-earning assets $9,172,481 $9,032,576 $8,835,468 $8,519,775 $8,445,958 Net Interest Margin 5.57 % 5.72 % 5.84 % 5.61 % 4.03 % Adjustment to FTE basis 0.03 % 0.02 % 0.03 % 0.03 % 0.03 % Net Interest Margin (FTE) (non-GAAP) 5.60 % 5.74 % 5.87 % 5.64 % 4.06 % The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities using the federal statutory rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income. Appendix Definitions of GAAP to Non-GAAP Financial Measures 34
Christopher J. McComish Chief Executive Officer Mark Kochvar Chief Financial Officer First Quarter 2026
FAQ
How did S&T Bancorp (STBA) perform financially in Q1 2026?
S&T Bancorp reported Q1 2026 net income of $35.1 million and EPS of $0.94. Profitability metrics were solid, with ROA at 1.44% and return on average tangible equity at 13.22%, supported by a 3.92% net interest margin (FTE).
What were S&T Bancorp (STBA) loan and deposit levels in Q1 2026?
S&T Bancorp ended Q1 2026 with $7.96 billion in total loans and $8.19 billion in total deposits. Customer deposits grew $306.5 million (about 16.0% annualized), while wholesale funding declined by $195.1 million, strengthening core funding.
How strong was S&T Bancorp (STBA) asset quality in Q1 2026?
Asset quality remained strong, with nonperforming assets at 0.63% of loans plus OREO and net loan charge-offs of 0.09% of average loans. The allowance for credit losses was 1.17% of portfolio loans, reflecting disciplined credit risk management.
What capital ratios did S&T Bancorp (STBA) report for Q1 2026?
S&T Bancorp reported robust capital, including a Tier 1 leverage ratio of 11.82% and Common Equity Tier 1 ratio of 14.18%. Tangible common equity to tangible assets was 11.03%, providing flexibility for growth, share repurchases, and potential acquisitions.
How did S&T Bancorp’s (STBA) noninterest income and expenses trend in Q1 2026?
In Q1 2026, S&T Bancorp generated $13.6 million in noninterest income and incurred $56.7 million in noninterest expense. The bank achieved an efficiency ratio (FTE) of 55.23%, reflecting generally well-controlled operating costs relative to revenue.