S&T BANCORP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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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$51.38+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (in thousands, except share and per share data) | (Unaudited) | (Audited) |
| ASSETS | ||
| Cash and due from banks, including interest-bearing deposits of $143,927 and $160,802 at March 31, 2024 and December 31, 2023 | $207,462 | $233,612 |
| Securities available for sale, at fair value | 970,728 | 970,391 |
| Loans held for sale | — | 153 |
| Portfolio loans, net of unearned income | 7,656,034 | 7,653,341 |
| Allowance for credit losses | (104,802) | (107,966) |
| Portfolio loans, net | 7,551,232 | 7,545,375 |
| Bank owned life insurance | 83,900 | 84,008 |
| Premises and equipment, net | 47,956 | 49,006 |
| Federal Home Loan Bank and other restricted stock, at cost | 13,703 | 25,082 |
| Goodwill | 373,424 | 373,424 |
| Other assets | 290,698 | 270,475 |
| Total Assets | $9,539,103 | $9,551,526 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing demand | $2,188,927 | $2,221,942 |
| Interest-bearing demand | 848,729 | 825,787 |
| Money market | 1,882,157 | 1,941,842 |
| Savings | 936,056 | 950,546 |
| Certificates of deposit | 1,744,478 | 1,581,652 |
| Total Deposits | 7,600,347 | 7,521,769 |
| Short-term borrowings | 285,000 | 415,000 |
| Long-term borrowings | 39,156 | 39,277 |
| Junior subordinated debt securities | 49,373 | 49,358 |
| Other liabilities | 270,153 | 242,677 |
| Total Liabilities | 8,244,029 | 8,268,081 |
| SHAREHOLDERS’ EQUITY | ||
| Common stock ($2.50 par value)Authorized—50,000,000 sharesIssued—41,449,444 shares at March 31, 2024 and December 31, 2023Outstanding—38,233,280 shares at March 31, 2024 and 38,232,806 shares at December 31, 2023 | 103,623 | 103,623 |
| Additional paid-in capital | 409,857 | 409,034 |
| Retained earnings | 977,195 | 959,604 |
| Accumulated other comprehensive loss | (97,697) | (90,901) |
| Treasury stock — 3,216,164 shares at March 31, 2024 and 3,216,638 shares at December 31, 2023, at cost | (97,904) | (97,915) |
| Total Shareholders’ Equity | 1,295,074 | 1,283,445 |
| Total Liabilities and Shareholders’ Equity | $9,539,103 | $9,551,526 |
See Notes to Consolidated Financial Statements
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