S&T BANCORP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
STBA$51.41+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Income
| Three Months Ended March 31, | ||
|---|---|---|
| (dollars in thousands, except per share data) | 2024 | 2023 |
| INTEREST AND DIVIDEND INCOME | ||
| Loans, including fees | $118,577 | $102,724 |
| Investment Securities: | ||
| Taxable | 8,595 | 7,457 |
| Tax-exempt | 193 | 214 |
| Dividends | 389 | 508 |
| Total Interest and Dividend Income | 127,754 | 110,903 |
| INTEREST EXPENSE | ||
| Deposits | 36,662 | 14,903 |
| Borrowings, junior subordinated debt securities and other | 7,615 | 7,209 |
| Total Interest Expense | 44,277 | 22,112 |
| NET INTEREST INCOME | 83,477 | 88,791 |
| Provision for credit losses | 2,627 | 922 |
| Net Interest Income After Provision for Credit Losses | 80,850 | 87,869 |
| NONINTEREST INCOME | ||
| Debit and credit card | 4,235 | 4,373 |
| Service charges on deposit accounts | 3,828 | 4,076 |
| Wealth management | 3,042 | 2,948 |
| Mortgage banking | 277 | 301 |
| Other | 1,448 | 1,492 |
| Total Noninterest Income | 12,830 | 13,190 |
| NONINTEREST EXPENSE | ||
| Salaries and employee benefits | 29,512 | 27,601 |
| Data processing and information technology | 4,954 | 4,258 |
| Occupancy | 3,870 | 3,835 |
| Furniture, equipment and software | 3,472 | 2,861 |
| Marketing | 1,943 | 1,853 |
| Other taxes | 1,871 | 1,790 |
| Professional services and legal | 1,720 | 1,821 |
| FDIC insurance | 1,049 | 1,012 |
| Other | 6,129 | 6,668 |
| Total Noninterest Expense | 54,520 | 51,699 |
| Income Before Taxes | 39,160 | 49,360 |
| Income tax expense | 7,921 | 9,561 |
| Net Income | $31,239 | $39,799 |
| Earnings per share—basic | $0.82 | $1.02 |
| Earnings per share—diluted | $0.81 | $1.02 |
| Dividends declared per share | $0.33 | $0.32 |
| Comprehensive Income | $24,443 | $55,266 |
See Notes to Consolidated Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.