S&T BANCORP INC
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 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 Statements of Changes in Shareholders' Equity
| Three months ended September 30, 2023 | ||||||
|---|---|---|---|---|---|---|
| (dollars in thousands, except share and per share data) | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensive Loss | TreasuryStock | Total |
| Balance at June 30, 2023 | $103,623 | $406,969 | $913,974 | $(114,043) | $(97,670) | $1,212,853 |
| Net Income for the three months ended September 30, 2023 | — | — | 33,468 | — | — | 33,468 |
| Other comprehensive loss, net of tax | — | — | — | (11,593) | — | (11,593) |
| Cash dividends declared ($0.32 per share) | — | — | (12,280) | — | — | (12,280) |
| Treasury stock issued for restricted stock awards (3,795 shares) | — | (116) | — | — | 116 | — |
| Forfeitures of restricted stock awards (1,404 shares) | — | — | — | — | (39) | (39) |
| Recognition of restricted stock compensation expense | — | 1,123 | — | — | — | 1,123 |
| Balance at September 30, 2023 | $103,623 | $407,976 | $935,162 | $(125,636) | $(97,593) | $1,223,532 |
| See Notes to Consolidated Financial Statements | ||||||
| Three months ended September 30, 2024 | ||||||
| (dollars in thousands, except share and per share data) | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensive Loss | TreasuryStock | Total |
| Balance at June 30, 2024 | $103,623 | $409,874 | $999,115 | $(93,934) | $(97,235) | $1,321,443 |
| Net Income for the three months ended September 30,2024 | — | — | 32,590 | — | — | 32,590 |
| Other comprehensive income, net of tax | — | — | — | 33,426 | — | 33,426 |
| Cash dividends declared ($0.33 per share) | — | — | (12,679) | — | — | (12,679) |
| Treasury stock issued for restricted stock awards (5,401 shares) | — | (164) | — | — | 164 | — |
| Forfeitures of restricted stock awards (1,875 shares) | — | — | 7 | — | (75) | (68) |
| Recognition of restricted stock compensation expense | — | 1,042 | — | — | — | 1,042 |
| Balance at September 30, 2024 | $103,623 | $410,752 | $1,019,033 | $(60,508) | $(97,146) | $1,375,754 |
| See Notes to Consolidated Financial Statements | ||||||
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
| Nine months ended September 30, 2023 | ||||||
|---|---|---|---|---|---|---|
| (dollars in thousands, except share and per share data) | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensive Loss | TreasuryStock | Total |
| Balance at January 1, 2023 | $103,623 | $406,283 | $863,948 | $(112,125) | $(77,070) | $1,184,659 |
| Net income for the nine months ended September 30, 2023 | — | — | 107,734 | — | — | 107,734 |
| Other comprehensive loss, net of tax | — | — | — | (13,511) | — | (13,511) |
| Impact of adoption of ASU 2022-02 | — | — | (447) | — | — | (447) |
| Cash dividends declared ($0.96 per share) | — | — | (37,190) | — | — | (37,190) |
| Treasury stock issued for restricted stock awards (35,836 shares) | — | (1,113) | — | — | 1,113 | — |
| Forfeitures of restricted stock awards (51,834 shares) | — | — | 1,117 | — | (1,638) | (521) |
| Repurchase of S&T stock (739,426 shares) | — | — | — | — | (19,998) | (19,998) |
| Recognition of restricted stock compensation expense | — | 2,806 | — | — | — | 2,806 |
| Balance at September 30, 2023 | $103,623 | $407,976 | $935,162 | $(125,636) | $(97,593) | $1,223,532 |
| See Notes to Consolidated Financial Statements | ||||||
| Nine months ended September 30, 2024 | ||||||
| (dollars in thousands, except share and per share data) | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensive Loss | TreasuryStock | Total |
| Balance at January 1, 2024 | $103,623 | $409,034 | $959,604 | $(90,901) | $(97,915) | $1,283,445 |
| Net income for the nine months ended September 30, 2024 | — | — | 98,200 | — | — | 98,200 |
| Other comprehensive income, net of tax | — | — | — | 30,393 | — | 30,393 |
| Impact of adoption of ASU 2023-02 | — | — | (1,002) | — | — | (1,002) |
| Cash dividends declared ($0.99 per share) | — | — | (38,012) | — | — | (38,012) |
| Treasury stock issued for restricted stock awards (61,154 shares) | — | (1,861) | — | — | 1,861 | — |
| Forfeitures of restricted stock awards (34,230 shares) | — | — | 243 | — | (1,092) | (849) |
| Recognition of restricted stock compensation expense | — | 3,579 | — | — | — | 3,579 |
| Balance at September 30, 2024 | $103,623 | $410,752 | $1,019,033 | $(60,508) | $(97,146) | $1,375,754 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.