S&T BANCORP INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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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Item 8. Consolidated Statements of Cash Flows
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| OPERATING ACTIVITIES | |||
| Net income | $134,230 | $131,265 | $144,781 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 7,422 | 133 | 17,892 |
| Net depreciation, amortization and accretion | 10,445 | 10,865 | 7,520 |
| Net (accretion) amortization of discounts and premiums on securities | (3,338) | 2,837 | 4,666 |
| Stock-based compensation expense | 5,344 | 4,622 | 3,874 |
| Loss on sale of securities | 2,295 | 7,938 | — |
| Deferred income taxes | 175 | (296) | 601 |
| (Gain) loss on sale of fixed assets | (31) | 196 | (100) |
| Gain on sale of loans, net | (107) | (69) | (81) |
| Loss (gain) on sale and fair value adjustments of other real estate owned, net | 4 | 58 | (3,898) |
| Proceeds from the sale of mortgage loans | 3,907 | 4,552 | 3,839 |
| Mortgage loans originated for sale | (4,810) | (4,330) | (3,895) |
| Net change in: | |||
| Net (increase) decrease in interest receivable | (226) | 2,703 | (7,094) |
| Net (decrease) increase in interest payable | (5,285) | 4,998 | 17,763 |
| Net decrease (increase) in other assets | 35,193 | (1,732) | 14,311 |
| Net (decrease) increase in other liabilities | (51,602) | 9,627 | (28,430) |
| Net Cash Provided by Operating Activities | $133,616 | $173,367 | 171,749 |
| INVESTING ACTIVITIES | |||
| Purchases of securities | (142,389) | (313,552) | (99,583) |
| Proceeds from maturities, prepayments and calls of securities | 133,387 | 159,606 | 147,710 |
| Proceeds from sales of securities | 47,038 | 136,401 | — |
| (Purchases) redemptions of Federal Home Loan Bank stock | (799) | 9,851 | (2,047) |
| Net increase in loans | (360,472) | (106,239) | (492,795) |
| Proceeds from sale of portfolio loans | 17,486 | 8,923 | 11,641 |
| Proceeds from sale of other real estate owned | 42 | 131 | 7,051 |
| Purchases of premises and equipment, net of proceeds from sales | (4,768) | (2,936) | (5,509) |
| Proceeds from life insurance settlement | 1,739 | 1,003 | 1,696 |
| Net payments from cash flow hedge | (6,064) | (11,480) | (12,383) |
| Net Cash Used in Investing Activities | (314,800) | (118,292) | (444,219) |
| FINANCING ACTIVITIES | |||
| Net increase (decrease) in demand, money market and savings deposits | 93,885 | (23,963) | (345,260) |
| Net increase in certificates of deposit | 81,829 | 285,321 | 647,111 |
| Net increase (decrease) in short-term borrowings | 15,000 | (265,000) | 45,000 |
| Proceeds from long-term borrowings | — | 50,000 | 25,000 |
| Repayments on long-term borrowings | (81) | (38,381) | (5,464) |
| Repurchase of shares for taxes on restricted stock | (1,672) | (870) | (798) |
| Cash dividends paid to common shareholders | (52,887) | (50,974) | (49,708) |
| Repurchase of common stock | (36,274) | — | (19,808) |
| Net Cash Provided by (Used in) Financing Activities | 99,800 | (43,867) | 296,073 |
| Net (decrease) increase in cash and due from banks | (81,384) | 11,208 | 23,603 |
| Cash and due from banks at beginning of period | 244,820 | 233,612 | 210,009 |
| Cash and Due From Banks at End of Period | $163,436 | $244,820 | $233,612 |
| See Notes to Consolidated Financial Statements | |||
| Years Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| Supplemental Disclosures | |||
| Right of use assets obtained in exchange for lease obligations | $2,400 | $604 | $2,009 |
| Cash paid for interest | $171,679 | $176,068 | $111,303 |
| Cash paid for federal income taxes, net of refunds | $25,050 | $29,730 | $36,886 |
| Cash paid for state income taxes, net of refunds(1) | $1,235 | $— | $— |
| Transfers of loans to other real estate owned | $95 | $122 | $163 |
| (1)ASU 2023-09 was adopted on January 1, 2025 requiring cash paid for taxes, net of refunds to be shown separately for federal and state. This ASU was adopted on a prospective basis, therefore prior period amounts have not been adjusted. Cash paid for state taxes, net of refunds is included with cash paid for federal taxes, net of refunds for 2024 and 2023. | |||
| See Notes to Consolidated Financial Statements | |||
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