S&T BANCORP INC
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 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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Condensed Consolidated Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| (dollars in thousands) | 2024 | 2023 |
| OPERATING ACTIVITIES | ||
| Net Cash Provided by Operating Activities | $118,585 | $140,874 |
| INVESTING ACTIVITIES | ||
| Purchases of securities | (222,419) | (65,148) |
| Proceeds from maturities, prepayments and calls of securities | 113,942 | 95,967 |
| Proceeds from sales of securities | 92,873 | — |
| Redemption (purchases) of Federal Home Loan Bank stock | 13,598 | (15,541) |
| Net increase in loans | (52,544) | (348,844) |
| Proceeds from sale of portfolio loans | 8,923 | 8,333 |
| Proceeds from sale of other real estate owned | 173 | 30 |
| Purchases of premises and equipment | (2,134) | (4,921) |
| Proceeds from the sale of premises and equipment | 56 | 698 |
| Proceeds from life insurance settlement | 784 | 597 |
| Net payments from cash flow hedge | (6,369) | (8,804) |
| Net Cash Used in Investing Activities | (53,117) | (337,633) |
| FINANCING ACTIVITIES | ||
| Net decrease in demand, money market and savings deposits | (55,608) | (550,359) |
| Net increase in certificates of deposit | 188,690 | 553,333 |
| Net (decrease) increase in short-term borrowings | (190,000) | 260,000 |
| Proceeds from long-term borrowings | 25,000 | 25,000 |
| Repayments on long-term borrowings | (262) | (5,346) |
| Repurchase of shares for taxes on restricted stock | (849) | (521) |
| Cash dividends paid to common shareholders | (37,961) | (37,096) |
| Repurchase of common stock | — | (19,808) |
| Net Cash (Used in) Provided by Financing Activities | (70,990) | 225,203 |
| Net (decrease) increase in cash and due from banks | (5,522) | 28,444 |
| Cash and due from banks at beginning of period | 233,612 | 210,009 |
| Cash and Due From Banks at End of Period | $228,090 | $238,453 |
| Supplemental Disclosures | ||
| Right of use assets obtained in exchange for lease obligations | $— | $1,846 |
| Cash paid for interest | $125,434 | $74,939 |
| Cash paid for income taxes, net of refunds | $20,141 | $27,727 |
| Transfers of loans to other real estate owned | $114 | $88 |
| See Notes to Consolidated Financial Statements | ||
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