S&T BANCORP INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands, except per share data) | 2024 | 2023 | 2022 |
| INTEREST AND DIVIDEND INCOME | |||
| Loans, including fees | $476,382 | $443,124 | $314,866 |
| Investment Securities: | |||
| Taxable | 37,744 | 31,611 | 23,743 |
| Tax-exempt | 690 | 852 | 1,579 |
| Dividends | 1,056 | 2,314 | 563 |
| Total Interest and Dividend Income | 515,872 | 477,901 | 340,751 |
| INTEREST EXPENSE | |||
| Deposits | 159,411 | 92,836 | 19,907 |
| Borrowings, junior subordinated debt securities and other | 21,655 | 35,655 | 5,061 |
| Total Interest Expense | 181,066 | 128,491 | 24,968 |
| NET INTEREST INCOME | 334,806 | 349,410 | 315,783 |
| Provision for credit losses | 133 | 17,892 | 8,366 |
| Net Interest Income After Provision for Credit Losses | 334,673 | 331,518 | 307,417 |
| NONINTEREST INCOME | |||
| Net (loss) gain on sale of securities | (7,938) | — | 198 |
| Debit and credit card | 18,263 | 18,248 | 19,008 |
| Service charges on deposit accounts | 16,273 | 16,193 | 16,829 |
| Wealth management | 12,259 | 12,186 | 12,717 |
| Other | 10,226 | 10,993 | 9,507 |
| Total Noninterest Income | 49,083 | 57,620 | 58,259 |
| NONINTEREST EXPENSE | |||
| Salaries and employee benefits | 121,990 | 111,462 | 103,221 |
| Data processing and information technology | 19,510 | 17,437 | 16,918 |
| Occupancy | 15,102 | 14,814 | 14,812 |
| Furniture, equipment and software | 13,559 | 12,912 | 11,606 |
| Marketing | 6,351 | 6,488 | 5,600 |
| Other taxes | 7,452 | 6,813 | 6,620 |
| Professional services and legal | 5,468 | 7,823 | 8,318 |
| FDIC insurance | 4,201 | 4,122 | 2,854 |
| Other | 25,305 | 28,463 | 26,797 |
| Total Noninterest Expense | 218,938 | 210,334 | 196,746 |
| Income Before Taxes | 164,818 | 178,804 | 168,930 |
| Income tax expense | 33,553 | 34,023 | 33,410 |
| Net Income | $131,265 | $144,781 | $135,520 |
| Earnings per share—basic | $3.43 | $3.76 | $3.47 |
| Earnings per share—diluted | $3.41 | $3.74 | $3.46 |
| Dividends declared per share | $1.33 | $1.29 | $1.20 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.