S&T BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
STBA$51.41+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Net Income
| Years ended December 31, | |||
|---|---|---|---|
| (dollars in thousands, except per share data) | 2023 | 2022 | 2021 |
| INTEREST AND DIVIDEND INCOME | |||
| Loans, including fees | $443,124 | $314,866 | $270,460 |
| Investment Securities: | |||
| Taxable | 31,611 | 23,743 | 15,706 |
| Tax-exempt | 852 | 1,579 | 2,593 |
| Dividends | 2,314 | 563 | 503 |
| Total Interest and Dividend Income | 477,901 | 340,751 | 289,262 |
| INTEREST EXPENSE | |||
| Deposits | 92,836 | 19,907 | 10,757 |
| Borrowings, junior subordinated debt securities and other | 35,655 | 5,061 | 2,393 |
| Total Interest Expense | 128,491 | 24,968 | 13,150 |
| NET INTEREST INCOME | 349,410 | 315,783 | 276,112 |
| Provision for credit losses | 17,892 | 8,366 | 16,215 |
| Net Interest Income After Provision for Credit Losses | 331,518 | 307,417 | 259,897 |
| NONINTEREST INCOME | |||
| Net gain on sale of securities | — | 198 | 29 |
| Debit and credit card | 18,248 | 19,008 | 17,952 |
| Service charges on deposit accounts | 16,193 | 16,829 | 15,040 |
| Wealth management | 12,186 | 12,717 | 12,889 |
| Mortgage banking | 1,164 | 2,215 | 9,734 |
| Other | 9,829 | 7,292 | 9,052 |
| Total Noninterest Income | 57,620 | 58,259 | 64,696 |
| NONINTEREST EXPENSE | |||
| Salaries and employee benefits | 111,462 | 103,221 | 100,214 |
| Data processing and information technology | 17,437 | 16,918 | 16,681 |
| Occupancy | 14,814 | 14,812 | 14,544 |
| Furniture, equipment and software | 12,912 | 11,606 | 10,684 |
| Professional services and legal | 7,823 | 8,318 | 6,368 |
| Other taxes | 6,813 | 6,620 | 6,644 |
| Marketing | 6,488 | 5,600 | 4,553 |
| FDIC insurance | 4,122 | 2,854 | 4,224 |
| Other | 28,463 | 26,797 | 25,013 |
| Total Noninterest Expense | 210,334 | 196,746 | 188,925 |
| Income Before Taxes | 178,804 | 168,930 | 135,668 |
| Income tax expense | 34,023 | 33,410 | 25,325 |
| Net Income | $144,781 | $135,520 | $110,343 |
| Earnings per share—basic | $3.76 | $3.47 | $2.81 |
| Earnings per share—diluted | $3.74 | $3.46 | $2.81 |
| Dividends declared per share | $1.29 | $1.20 | $1.13 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.