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S&T Bancorp hits record Q3 diluted EPS of $1.09

All of S&T's regulatory capital ratios were above the well-capitalized thresholds of federal bank regulatory agencies.

Filing Impact
(High)
Filing Sentiment

Sentiment and the balance of points

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Form Type
8-K

Rhea-AI Filing Summary

S&T Bancorp, Inc. (STBA) reported third-quarter 2026 net income of $38.6 million and record third-quarter diluted earnings per share of $1.09. EPS increased 19.8% from $0.91 in the third quarter of 2025 and 6.9% from $1.02 in the second quarter of 2026. For the nine months ended September 30, 2026, net income was $110.3 million and diluted EPS was $3.04, compared with $100.3 million and $2.60 in 2025.

Third-quarter net interest income was $93.1 million, and net interest margin (FTE) was 4.06%, compared with 3.99% in the prior quarter. Nonperforming assets were $36.5 million, or 0.45% of total loans plus other real estate owned, compared with $40.2 million and 0.50% at June 30, 2026. At September 30, total assets were $9.9 billion, deposits were $8.1 billion and borrowings were $215.3 million; borrowings were down $60.0 million from June 30.

No shares were repurchased in the third quarter. Since repurchases began in the fourth quarter of 2025, S&T repurchased 3,169,294 shares, representing 8.3% of outstanding shares, at an average price of $42.09 per share for $133.4 million. S&T attributed EPS growth to higher net income and share repurchases.

2 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

How the balance works

Positive

  • Moderate pointThird-quarter diluted EPS reached a record $1.09, up 19.8% year over year.
  • Moderate pointSince Q4 2025, S&T repurchased 3,169,294 shares, representing 8.3% of outstanding shares.

Negative

  • None.

Filing Explained

At September 30, 2026, S&T Bancorp reported all regulatory capital ratios above federal banking agencies’ well-capitalized thresholds; common equity tier 1 was 14.02% and total risk-based capital was 15.89%, providing a measure of its reported capital position.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
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, or exhibit attachments filed with this report.
Net income $38.6 million Third quarter 2026; $35.0 million in the third quarter of 2025.
Diluted earnings per share $1.09 Third quarter 2026; up 19.8% from the third quarter of 2025.
Net interest margin (FTE) 4.06% Third quarter 2026; 3.99% in the second quarter of 2026.
Nonperforming assets $36.5 million At September 30, 2026; $40.2 million at June 30, 2026.
Shares repurchased 3,169,294 shares Since repurchases began in the fourth quarter of 2025; 8.3% of outstanding shares.
Total repurchase amount $133.4 million Since share repurchases began in the fourth quarter of 2025.
Average repurchase price $42.09 per share Shares repurchased since the fourth quarter of 2025.
Dividends declared per share $0.37 per share Third quarter 2026.
Net Interest Margin (FTE) financial
"Net Interest Margin (FTE) (non-GAAP)"
Net interest margin (FTE) measures the difference between interest earned on a lender’s assets (like loans and investments) and interest paid on liabilities (like deposits), expressed as a percentage of earning assets, with income from tax-exempt sources converted to a taxable-equivalent basis. Think of it as a loan business’s profit margin on money it lends, adjusted so tax-free income is reported on the same footing as taxable income; investors use it to compare how effectively a firm is generating interest income.
Pre-provision net revenue to average assets financial
"Pre-provision net revenue to average assets (PPNR) (non-GAAP)"
Allowance for credit losses financial
"allowance for credit losses, or ACL"
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.
Efficiency ratio (FTE) financial
"efficiency ratio (FTE) (non-GAAP)"
Nonperforming assets financial
"Nonperforming assets (NPAs)"
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.
Net income $38.6 million $35.0 million in the third quarter of 2025
Diluted earnings per share $1.09 Record third-quarter result; up 19.8% from $0.91 in the third quarter of 2025
Net interest margin (FTE) 4.06% Up 7 basis points from 3.99% in the second quarter of 2026
Nonperforming assets $36.5 million Down $3.7 million from $40.2 million at June 30, 2026

FAQ

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

How much did STBA earn in the third quarter of 2026?
S&T Bancorp reported net income of $38.6 million and diluted earnings per share of $1.09 for the third quarter of 2026. Diluted EPS was a third-quarter record, up 19.8% from $0.91 in the third quarter of 2025.

How many shares did STBA repurchase?
S&T repurchased 3,169,294 shares since repurchases began in the fourth quarter of 2025, representing 8.3% of outstanding shares. The purchases averaged $42.09 per share and totaled $133.4 million; no repurchases occurred in the third quarter of 2026.

What dividend did STBA declare per share?
S&T declared dividends of $0.37 per share in the third quarter of 2026, the same as in the second quarter of 2026 and compared with $0.34 in the third quarter of 2025.

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

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0000719220false00007192202026-10-222026-10-22

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

October 22, 2026
Date of Report (date of earliest event reported)

S&T BANCORP INC
(Exact name of registrant as specified in its charter)
Pennsylvania
0-12508
25-1434426
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
800 Philadelphia Street
IndianaPA
15701
(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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $2.50 par valueSTBANASDAQ Global Select Market
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 2.02 Results of Operations and Financial Condition.

On October 22, 2026, S&T Bancorp, Inc. (S&T) announced by press release its earnings for the three and nine months ended September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in this Item 2.02. The information contained in this Item 2.02 of this Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

In connection with the issuance of its earnings for the three and nine months ended September 30, 2026, S&T has also made available on its website materials that contain supplemental information about S&T’s financial results (“Supplemental Information”). A copy of the Supplemental Information is attached hereto as Exhibit 99.2 and is incorporated by reference in this Item 7.01. The information contained in this Item 7.01 of this Report on Form 8-K, including Exhibit 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description of Exhibit
99.1
Earnings Press Release
99.2
Supplemental Information
104Cover 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
October 22, 2026Mark Kochvar
Senior Executive Vice President,
Chief Financial Officer



INVESTOR CONTACT:
Mark Kochvar
S&T Bancorp, Inc.
Chief Financial Officer
724.465.4826
mark.kochvar@stbank.com
earn_image1a15a.jpg
FOR IMMEDIATE RELEASE
S&T Bancorp, Inc. Announces Third Quarter 2026 Results
Record Third Quarter 2026 Earnings Per Share
INDIANA, Pa., - October 22, 2026 – S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $38.6 million for the third quarter of 2026 compared to $36.6 million for the second quarter of 2026 and $35.0 million for the third quarter of 2025. Diluted earnings per share was a record high of $1.09 for the third quarter of 2026, an increase of $0.07, or 6.9%, compared to $1.02 for the second quarter of 2026 and an increase of $0.18, or 19.8%, compared to $0.91 for the third quarter of 2025. Diluted earnings per share growth was due to both higher net income and share repurchases of 8.3% of outstanding shares since September 30, 2025.
Third Quarter of 2026 Highlights:
•Strong return metrics with return on average assets (ROA) of 1.55%, return on average equity (ROE) of 10.84% and return on average tangible shareholders' equity (ROTE) (non-GAAP) of 14.81% compared to ROA of 1.49%, ROE of 10.37% and ROTE (non-GAAP) of 14.15% for the second quarter of 2026.
•Pre-provision net revenue to average assets (PPNR) (non-GAAP) increased 12 basis points to 2.01% compared to 1.89% for the second quarter of 2026.
•Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP) expanded 7 basis points to 4.06% compared to 3.99% in the second quarter of 2026.
•Net charge-offs were $2.1 million, or 0.10% of average loans, compared to net charge-offs of $1.0 million, or 0.05% of average loans, in the second quarter of 2026.
•Nonperforming assets (NPAs) decreased $3.7 million to $36.5 million, or 0.45% of total loans plus other real estate owned (OREO), compared to $40.2 million, or 0.50%, at June 30, 2026.

“Our results reflect another strong quarter, highlighted by record earnings per share, record revenue and higher core profitability,” said Chris McComish, chief executive officer. “We delivered broad-based strength across our income statement which reflects our disciplined operating strategy and continued focus on creating shareholder value. We believe we are well-positioned to build on this momentum and capitalize on future opportunities.”
Net Interest Income
Net interest income was $93.1 million in the third quarter of 2026 compared to $90.4 million in the second quarter of 2026. NIM (FTE) (non-GAAP) increased 7 basis points to 4.06% compared to 3.99% in the prior quarter. The increase in
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S&T Earnings Release - 2

net interest income was primarily due to higher yields on interest-earning assets and one additional day in the third quarter compared to the second quarter. The yield on average interest-earning assets increased 9 basis points to 5.73% compared to 5.64% in the second quarter of 2026 primarily related to a higher yield on both average securities and average loans. The yield on total average loans increased 6 basis points to 5.95% compared to 5.89% in the prior quarter. Average total loan balances increased $61.2 million to $8.1 billion compared to $8.0 billion in the second quarter of 2026. Total interest-bearing liability costs increased 3 basis points to 2.53% compared to 2.50% in the second quarter of 2026 mainly due to a higher cost of deposits and borrowings. Average interest-bearing deposits increased $31.8 million to $5.9 billion compared to $5.8 billion in the prior quarter.
Asset Quality
The allowance for credit losses, or ACL, was unchanged at $93.3 million, or 1.16% of total portfolio loans, at both September 30, 2026 and June 30, 2026. The provision for credit losses was $1.4 million for the third quarter of 2026 compared to $1.1 million in the second quarter of 2026. Net loan charge-offs were $2.1 million, or 0.10% of average loans, compared to $1.0 million, or 0.05% of average loans, in the second quarter of 2026. NPAs decreased $3.7 million to $36.5 million, or 0.45% of total loans plus OREO, compared to $40.2 million, or 0.50%, at June 30, 2026.
Noninterest Income and Expense
Noninterest income was relatively unchanged at $14.7 million in the third quarter of 2026 compared to $14.9 million in the second quarter of 2026. Expenses were well controlled during the third quarter with an efficiency ratio (FTE) (non-GAAP) of 53.23% compared to 55.52% in the second quarter of 2026. Noninterest expense decreased $1.1 million to $57.6 million in the third quarter of 2026 compared to $58.7 million in the second quarter of 2026. Other noninterest expense decreased $0.9 million primarily due to normal fluctuations across several expense categories and timing-related items.
Financial Condition
Total assets were $9.9 billion at both September 30, 2026 and June 30, 2026. Total portfolio loans decreased $4.4 million compared to June 30, 2026 due to lower line utilization and originations. Commercial loans decreased $11.9 million and consumer loans increased $7.5 million compared to June 30, 2026. The decrease in the commercial loan portfolio was due to a decrease in commercial and industrial of $51.1 million and a decrease in commercial construction of $25.6 million, offset by growth in commercial real estate of $64.8 million compared to June 30, 2026. Deposits were down modestly in the third quarter of 2026 primarily due to seasonality. Total deposits decreased $22.2 million compared to June 30, 2026. Noninterest bearing deposits decreased $32.6 million and savings decreased $8.3 million, offset primarily by an increase in certificates of deposit of $15.0 million. Total borrowings decreased $60.0 million to $215.3 million at September 30, 2026 compared to $275.3 million at June 30, 2026.
Capital
S&T continues to maintain a strong regulatory capital position with all capital ratios above the well-capitalized thresholds of federal bank regulatory agencies.
No share repurchases occurred in the third quarter of 2026. A total of 3,169,294 shares were repurchased, representing 8.3% of outstanding shares, at an average price of $42.09 per share totaling $133.4 million since share repurchases began in the fourth quarter of 2025.
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S&T Earnings Release - 3

Conference Call
S&T will host its third quarter 2026 earnings conference call live via webcast at 1:00 pm ET, Thursday, October 22, 2026. To access the webcast, go to S&T Bancorp Inc.’s Investor Relations webpage stbancorp.com. After the live presentation, the webcast will be archived at stbancorp.com for 12 months.
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, LinkedIn and X.
Forward-Looking Statements
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
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S&T Earnings Release - 4

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 shareholders' 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. See Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures for more information related to these financial measures.
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 5
202620262025
ThirdSecondThird
(dollars in thousands, except per share data)QuarterQuarterQuarter
INTEREST AND DIVIDEND INCOME
Loans, including fees$120,227 $116,960 $120,321 
Investment Securities:
Taxable11,194 10,756 10,994 
Tax-exempt51 34 34 
Dividends280 309 274 
Total Interest and Dividend Income131,752 128,059 131,623 
INTEREST EXPENSE
Deposits36,372 35,399 39,864 
Borrowings, junior subordinated debt securities and other2,250 2,280 2,518 
Total Interest Expense38,622 37,679 42,382 
NET INTEREST INCOME93,130 90,380 89,241 
Provision for credit losses1,411 1,112 2,792 
Net Interest Income After Provision for Credit Losses91,719 89,268 86,449 
NONINTEREST INCOME
Gain on sale of securities— 169 — 
Debit and credit card4,764 4,695 4,722 
Service charges on deposit accounts4,456 4,290 4,175 
Investment services and trust
3,727 3,563 3,118 
Other1,716 2,143 1,748 
Total Noninterest Income14,663 14,860 13,763 
NONINTEREST EXPENSE
Salaries and employee benefits32,654 32,680 32,180 
Data processing and information technology5,036 5,163 4,901 
Occupancy3,990 4,074 4,014 
Furniture, equipment and software3,644 3,524 3,225 
Other taxes2,196 1,773 2,088 
Professional services and legal1,432 1,286 1,199 
Marketing1,325 1,876 1,255 
FDIC insurance1,080 1,074 1,071 
Other noninterest expense6,284 7,214 6,443 
Total Noninterest Expense57,641 58,664 56,376 
Income Before Taxes48,741 45,464 43,836 
Income tax expense10,138 8,821 8,874 
Net Income$38,603 $36,643 $34,962 
Per Share Data
Shares outstanding at end of period35,266,564 35,264,936 38,350,500 
Average shares outstanding - diluted35,559,299 36,010,449 38,595,118 
Diluted earnings per share$1.09 $1.02 $0.91 
Dividends declared per share$0.37 $0.37 $0.34 
Dividend yield (annualized)3.06%3.02%3.62%
Dividends paid to net income33.82%36.40%37.35%
Book value$39.91 $39.81 $38.47 
Tangible book value (non-GAAP)(1)
$29.28 $29.18 $28.69 
Market value$48.37 $49.08 $37.59 
Profitability Ratios (Annualized)
Return on average assets1.55%1.49%1.42%
Return on average shareholders' equity10.84%10.37%9.48%
Return on average tangible shareholders' equity (non-GAAP)(2)
14.81%14.15%12.81%
Pre-provision net revenue / average assets (non-GAAP)(3)
2.01%1.89%1.89%
Efficiency ratio (FTE) (non-GAAP)(4)
53.23%55.52%54.41%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 6
Nine Months Ended September 30,
(dollars in thousands, except per share data)20262025
INTEREST AND DIVIDEND INCOME
Loans, including fees$352,481 $352,357 
Investment Securities:
Taxable32,710 31,913 
Tax-exempt119 226 
Dividends834 881 
Total Interest and Dividend Income386,144 385,377 
INTEREST EXPENSE
Deposits107,457 117,274 
Borrowings, junior subordinated debt securities and other6,741 8,967 
Total Interest Expense114,198 126,241 
NET INTEREST INCOME271,946 259,136 
Provision for credit losses3,850 1,726 
Net Interest Income After Provision for Credit Losses268,096 257,410 
NONINTEREST INCOME
Gain (loss) on sale of securities169 (2,295)
Debit and credit card13,742 13,498 
Service charges on deposit accounts12,942 12,227 
Investment services and trust
10,659 9,244 
Other5,653 5,018 
Total Noninterest Income43,165 37,692 
NONINTEREST EXPENSE
Salaries and employee benefits96,690 94,940 
Data processing and information technology15,357 14,678 
Occupancy12,656 12,340 
Furniture, equipment and software10,660 10,060 
Other Taxes6,032 5,670 
Marketing4,668 4,360 
Professional services and legal3,963 4,224 
FDIC insurance3,227 3,173 
Other noninterest expense19,759 20,136 
Total Noninterest Expense173,012 169,581 
Income Before Taxes138,249 125,521 
Income tax expense27,931 25,258 
Net Income$110,318 $100,263 
Per Share Data
Average shares outstanding - diluted36,243,384 38,611,041 
Diluted earnings per share$3.04 $2.60 
Dividends declared per share$1.10 $1.02 
Dividends paid to net income36.04%39.15%
Profitability Ratios (annualized)
Return on average assets1.50%1.38%
Return on average shareholders' equity10.32%9.35%
Return on average tangible shareholders' equity (non-GAAP)(5)
14.05%12.73%
Pre-provision net revenue / average assets (non-GAAP)(6)
1.92%1.78%
Efficiency ratio (FTE) (non-GAAP)(7)
54.65%56.35%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 7
202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
ASSETS
Cash and due from banks$192,223 $217,819 $196,228 
Securities available for sale, at fair value984,444 1,013,305 1,001,149 
Loans held for sale574 4,695 — 
Commercial loans:
Commercial real estate3,550,690 3,485,893 3,653,790 
Commercial and industrial1,538,964 1,590,086 1,466,075 
Commercial construction449,889 475,450 320,190 
Total Commercial Loans5,539,543 5,551,429 5,440,055 
Consumer loans:
Residential mortgage1,680,848 1,674,052 1,700,636 
Home equity735,975 727,702 698,886 
Installment and other consumer77,148 80,086 102,600 
Consumer construction20,505 25,117 38,830 
Total Consumer Loans2,514,476 2,506,957 2,540,952 
Total Portfolio Loans8,054,019 8,058,386 7,981,007 
Allowance for credit losses(93,252)(93,320)(98,155)
Total Portfolio Loans, Net7,960,767 7,965,066 7,882,852 
Federal Home Loan Bank and other restricted stock, at cost14,318 16,796 15,042 
Goodwill373,424 373,424 373,424 
Other Intangible assets, net1,707 1,887 2,450 
Other assets362,034 351,021 346,338 
Total Assets$9,889,491 $9,944,013 $9,817,483 
LIABILITIES
Deposits:
Noninterest-bearing demand$2,223,912 $2,256,542 $2,188,699 
Interest-bearing demand771,052 769,495 745,904 
Money market2,186,099 2,183,937 2,194,702 
Savings873,656 881,967 868,019 
Certificates of deposit2,009,172 1,994,142 1,924,619 
Total Deposits8,063,891 8,086,083 7,921,943 
Borrowings:
Short-term borrowings165,000 200,000 135,000 
Long-term borrowings751 25,773 50,836 
Junior subordinated debt securities49,523 49,508 49,463 
Total Borrowings215,274 275,281 235,299 
Other liabilities202,992 178,834 184,775 
Total Liabilities8,482,157 8,540,198 8,342,017 
SHAREHOLDERS’ EQUITY
Total Shareholders’ Equity1,407,334 1,403,815 1,475,466 
Total Liabilities and Shareholders’ Equity$9,889,491 $9,944,013 $9,817,483 
Capitalization Ratios
Shareholders' equity / assets14.23%14.12%15.03%
Tangible common equity / tangible assets (non-GAAP)(9)
10.85%10.75%11.65%
Tier 1 leverage11.79%11.58%12.33%
Common equity tier 1 - risk-based capital14.02%13.64%14.75%
Tier 1 - risk-based capital14.32%13.95%15.06%
Total - risk-based capital 15.89%15.51%16.63%
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 8

202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
Net Interest Margin (FTE) (non-GAAP) (QTD Averages)
ASSETS
Interest-bearing deposits with banks$115,5843.74%$127,4293.69%$128,2364.43%
Securities, at fair value999,2524.08%1,007,4843.83%1,011,6243.80%
Loans held for sale2,6606.60%2,0346.47%186.88%
Commercial real estate3,498,0955.98%3,503,9815.90%3,564,0715.86%
Commercial and industrial1,572,1626.24%1,555,1186.18%1,485,8166.78%
Commercial construction482,9886.39%433,4276.40%379,1676.97%
Total Commercial Loans5,553,2456.09%5,492,5266.02%5,429,0546.19%
Residential mortgage1,669,1905.46%1,672,3265.39%1,688,6975.33%
Home equity731,1735.86%720,4845.91%687,6396.35%
Installment and other consumer77,5497.42%82,4527.43%100,5517.85%
Consumer construction24,5656.57%27,3706.61%40,6126.73%
Total Consumer Loans2,502,4775.65%2,502,6325.62%2,517,4995.73%
Total Portfolio Loans8,055,7225.95%7,995,1585.89%7,946,5536.04%
Total Loans8,058,3825.95%7,997,1925.89%7,946,5716.04%
Total other earning assets13,2307.96%13,7728.40%13,8087.63%
Total Interest-earning Assets9,186,4485.73%9,145,8775.64%9,100,2395.77%
Noninterest-earning assets696,156694,086699,840
Total Assets$9,882,604$9,839,963$9,800,079
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand$762,7110.93%$777,2160.94%$742,8170.99%
Money market2,224,3182.64%2,185,9362.57%2,247,3313.06%
Savings878,0060.72%879,3910.67%873,9680.72%
Certificates of deposit2,003,7933.61%1,994,5233.64%1,915,0063.96%
Total Interest-bearing Deposits5,868,8282.46%5,837,0662.43%5,779,1222.74%
Short-term borrowings90,9783.92%106,2093.86%73,5384.53%
Long-term borrowings24,9473.76%25,7833.76%50,8463.80%
Junior subordinated debt securities49,5146.50%49,4996.47%49,4547.08%
Total Borrowings165,4394.67%181,4914.56%173,8385.04%
Total Other Interest-bearing Liabilities32,095 3.72%23,6023.69%28,049 4.36%
Total Interest-bearing Liabilities6,066,3622.53%6,042,1592.50%5,981,0092.81%
Noninterest-bearing liabilities2,403,4332,379,9392,355,972
Shareholders' equity1,412,8091,417,8651,463,098
Total Liabilities and Shareholders' Equity$9,882,604$9,839,963$9,800,079
Net Interest Margin (FTE) (non-GAAP)(10)
4.06%3.99%3.93%
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 9
Nine Months Ended September 30,
(dollars in thousands)20262025
Net Interest Margin (FTE) (non-GAAP) (YTD Averages)
ASSETS
Interest-bearing deposits with banks$131,9983.71%$125,7084.45%
Securities, at fair value1,001,2663.90%1,004,6333.73%
Loans held for sale1,9056.53%76.23%
Commercial real estate3,527,0275.89%3,479,6145.85%
Commercial and industrial1,547,1606.22%1,513,2146.73%
Commercial construction434,9596.40%378,8196.95%
Total Commercial Loans5,509,1466.03%5,371,6476.18%
Residential mortgage1,680,9515.41%1,674,4725.27%
Home equity719,9235.89%670,3996.34%
Installment and other consumer82,5277.41%99,8397.90%
Consumer construction27,3336.63%42,2486.81%
Total Consumer Loans2,510,7345.63%2,486,9585.69%
Total Portfolio Loans8,019,8805.90%7,858,6056.02%
Total Loans8,021,7855.90%7,858,6126.02%
Total other earning assets13,2707.82%15,6947.34%
Total Interest-earning Assets9,168,3195.65%9,004,6475.75%
Noninterest-earning assets694,418713,016
Total Assets$9,862,737$9,717,663
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand$772,7520.93%$761,8041.00%
Money market2,218,6462.60%2,175,3993.02%
Savings876,9170.68%879,6450.69%
Certificates of deposit1,988,1803.66%1,882,9234.11%
Total Interest-bearing deposits5,856,4952.45%5,699,7712.75%
Short-term borrowings90,5113.92%108,8114.61%
Long-term borrowings33,7503.78%50,8663.80%
Junior subordinated debt securities49,5006.50%49,4397.12%
Total Borrowings173,7614.63%209,1165.01%
Total Other Interest-bearing Liabilities26,2203.70%34,6674.39%
Total Interest-bearing Liabilities6,056,4762.52%5,943,5542.84%
Noninterest-bearing liabilities2,377,6322,340,420
Shareholders' equity1,428,6291,433,689
Total Liabilities and Shareholders' Equity$9,862,737$9,717,663
Net Interest Margin (FTE) (non-GAAP)(8)
3.99%3.87%
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 10
202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
Nonaccrual Loans
Commercial loans:% Loans% Loans% Loans
Commercial real estate$7,985 0.23%$9,354 0.27%$27,964 0.77%
Commercial and industrial14,042 0.91%16,836 1.06%9,826 0.67%
Commercial construction— —%— —%869 0.27%
Total Nonaccrual Commercial Loans22,027 0.40%26,190 0.47%38,659 0.71%
Consumer loans:
Residential mortgage10,210 0.61%10,027 0.60%7,005 0.41%
Home equity4,062 0.55%3,859 0.53%3,790 0.54%
Installment and other consumer155 0.20%140 0.18%164 0.16%
Total Nonaccrual Consumer Loans14,427 0.57%14,026 0.56%10,959 0.43%
Total Nonaccrual Loans$36,454 0.45%$40,216 0.50%$49,618 0.62%
202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
Loan Charge-offs (Recoveries)
Charge-offs$2,427 $1,236 $3,053 
Recoveries(365)(241)(639)
Net Loan Charge-offs$2,062 $995 $2,414 
Net Loan Charge-offs (Recoveries)
Commercial loans:
Commercial real estate$831 $249 $106 
Commercial and industrial1,033 614 2,142 
Commercial construction— 69 (9)
Total Commercial Loan Charge-offs1,864 932 2,239 
Consumer loans:
Residential mortgage(23)223 32 
Home equity144 74 9 
Installment and other consumer77 (234)134 
Total Consumer Loan Charge-offs198 63 175 
Total Net Loan Charge-offs $2,062 $995 $2,414 
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 11
Nine Months Ended September 30,
(dollars in thousands)20262025
Loan Charge-offs (Recoveries)
Charge-offs$5,598 $5,593 
Recoveries(854)(2,048)
Net Loan Charge-offs$4,744$3,545
Net Loan Charge-offs
Commercial loans:
Commercial real estate$1,572($56)
Commercial and industrial1,8222,627
Commercial construction69 110 
Total Commercial Loan Charge-offs3,4632,681
Consumer loans:
Residential mortgage22758
Home equity454188
Installment and other consumer600618
Total Consumer Loan Charge-offs1,281864
Total Net Loan Charge-offs$4,744$3,545
202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
Asset Quality Data
Nonaccrual loans$36,454 $40,216 $49,618 
OREO29 — 8 
Total nonperforming assets36,483 40,216 49,626 
Nonaccrual loans / total loans0.45%0.50%0.62%
Nonperforming assets / total loans plus OREO0.45%0.50%0.62%
Allowance for credit losses / total portfolio loans1.16%1.16%1.23%
Allowance for credit losses / nonaccrual loans256%232%198%
Net loan charge-offs$2,062 $995 $2,414 
Net loan charge-offs (annualized) / average loans0.10%0.05%0.12%
Nine Months Ended September 30,
(dollars in thousands)20262025
Asset Quality Data
Net loan charge-offs$4,744 $3,545 
Net loan charge-offs (annualized) / average loans0.08%0.06%
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 12
Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:
202620262025
ThirdSecondThird
(dollars in thousands, except per share data)QuarterQuarterQuarter
(1) Tangible Book Value (non-GAAP)
Total shareholders' equity$1,407,334 $1,403,815 $1,475,466 
Less: goodwill and other intangible assets, net of deferred tax liability(374,773)(374,915)(375,359)
Tangible common equity (non-GAAP)$1,032,561 $1,028,900 $1,100,107 
Common shares outstanding35,266,564 35,264,936 38,350,500 
Tangible book value (non-GAAP)$29.28 $29.18 $28.69 
Tangible book value is a common industry metric used by investors and analysts to measure our company's value.
(2) Return on Average Tangible Shareholders' Equity (non-GAAP)
Net income (annualized)$153,153 $146,975 $138,708 
Plus: amortization of intangibles (annualized), net of tax564 577 649 
Net income before amortization of intangibles (annualized)$153,717 $147,552 $139,357 
Average total shareholders' equity$1,412,809 $1,417,865 $1,463,098 
Less: average goodwill and other intangible assets, net of deferred tax liability(374,848)(374,991)(375,446)
Average tangible equity (non-GAAP)$1,037,961 $1,042,874 $1,087,652 
Return on average tangible shareholders' equity (non-GAAP)14.81%14.15%12.81%
Return on average tangible shareholders' equity is a common industry profitability metric used by management, as well as investors and analysts, to measure financial performance.
(3) Pre-provision Net Revenue / Average Assets (non-GAAP)
Income before taxes$48,741 $45,464 $43,836 
Plus: net gain on sale of securities and VISA Class B-2 exchange(109)(169)— 
Plus: Provision for credit losses1,411 1,112 2,792 
Total$50,043 $46,407 $46,628 
Total (annualized) (non-GAAP)$198,540 $186,138 $184,992 
Average assets$9,882,604 $9,839,963 $9,800,079 
Pre-provision Net Revenue / Average Assets (non-GAAP)2.01%1.89%1.89%
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 commonly used industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital.
(4) Efficiency Ratio (FTE) (non-GAAP)
Noninterest expense$57,641 $58,664 $56,376 
Net interest income per consolidated statements of net income$93,130 $90,380 $89,241 
Plus: taxable equivalent adjustment593 584 602 
Net interest income (FTE) (non-GAAP)$93,723 $90,964 $89,843 
Noninterest income14,663 14,860 13,763 
Plus: net gain on sale of securities and VISA Class B-2 exchange(109)(169)— 
Net interest income (FTE) (non-GAAP) plus noninterest income$108,277 $105,655 $103,606 
Efficiency ratio (FTE) (non-GAAP)
53.23%55.52%54.41%
The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) 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.
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 13
Nine Months Ended September 30,
(dollars in thousands)20262025
(5) Return on Average Tangible Shareholders' Equity (non-GAAP)
Net income (annualized)$147,495 $134,051 
Plus: amortization of intangibles (annualized), net of tax574 690 
Net income before amortization of intangibles (annualized)$148,069 $134,741 
Average total shareholders' equity$1,428,629 $1,433,689 
Less: average goodwill and other intangible assets, net of deferred tax liability(374,991)(375,585)
Average tangible equity (non-GAAP)$1,053,638 $1,058,104 
Return on average tangible shareholders' equity (non-GAAP)14.05%12.73%
Return on average tangible shareholders' equity is a common industry profitability metric used by management, as well as investors and analysts, to measure financial performance.
(6) Pre-provision Net Revenue / Average Assets (non-GAAP)
Income before taxes$138,249 $125,521 
Plus: net (gain) loss on sale of securities and second quarter VISA Class B-2 exchange(278)2,295 
Plus: Provision for credit losses3,850 1,726 
Total (non-GAAP)$141,821 $129,542 
Total (annualized) (non-GAAP)$189,614 $173,197 
Average assets$9,862,737 $9,717,663 
Pre-provision Net Revenue / Average Assets (non-GAAP)1.92%1.78%
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 commonly used industry measurement, to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital.
(7) Efficiency Ratio (FTE) (non-GAAP)
Noninterest expense$173,012 $169,581 
Net interest income per consolidated statements of net income$271,946 $259,136 
Plus: taxable equivalent adjustment1,767 1,810 
Net interest income (FTE) (non-GAAP)$273,713 $260,946 
Noninterest income43,165 37,692 
Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange(278)2,295 
Net interest income (FTE) (non-GAAP) plus noninterest income$316,600 $300,933 
Efficiency ratio (FTE) (non-GAAP)
54.65%56.35%
The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) 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.
(8) Net Interest Margin (FTE) (non-GAAP)
Interest income and dividend income$386,144 $385,377 
Less: interest expense(114,198)(126,241)
Net interest income per consolidated statements of net income$271,946 $259,136 
Plus: taxable equivalent adjustment1,767 1,810 
Net interest income (FTE) (non-GAAP)$273,713 $260,946 
Net interest income (FTE) (annualized)$365,953 $348,884 
Average interest-earning assets$9,168,319 $9,004,647 
Net interest margin - (FTE) (non-GAAP)3.99%3.87%
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 a commonly used industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income.



- more -

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 14
Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:
202620262025
ThirdSecondThird
(dollars in thousands)QuarterQuarterQuarter
(9) Tangible Common Equity / Tangible Assets (non-GAAP)
Total shareholders' equity$1,407,334 $1,403,815 $1,475,466 
Less: goodwill and other intangible assets, net of deferred tax liability(374,773)(374,915)(375,359)
Tangible common equity (non-GAAP)$1,032,561 $1,028,900 $1,100,107 
Total assets$9,889,491 $9,944,013 $9,817,483 
Less: goodwill and other intangible assets, net of deferred tax liability(374,773)(374,915)(375,359)
Tangible assets (non-GAAP)$9,514,718 $9,569,098 $9,442,124 
Tangible common equity to tangible assets (non-GAAP)10.85%10.75%11.65%
Tangible common equity to tangible assets is a commonly used industry measurement to evaluate capital adequacy.
(10) Net Interest Margin (FTE) (non-GAAP)
Interest income and dividend income$131,752 $128,059 $131,623 
Less: interest expense(38,622)(37,679)(42,382)
Net interest income per consolidated statements of net income93,130 90,380 89,241 
Plus: taxable equivalent adjustment593 584 602 
Net interest income (FTE) (non-GAAP)$93,723 $90,964 $89,843 
Net interest income (FTE) (annualized)$371,836 $364,856 $356,442 
Average interest-earning assets$9,186,448 $9,145,877 $9,100,239 
Net interest margin (FTE) (non-GAAP)4.06%3.99%3.93%
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 a commonly used industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income.
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