Core Insights - S&T Bancorp reported revenue of $105.29 million for Q4 2025, marking an 11.6% year-over-year increase and a 1.3% surprise over the Zacks Consensus Estimate of $103.95 million [1] - The company's EPS for the quarter was $0.89, unchanged from the consensus estimate, compared to $0.86 a year ago [1] Financial Performance Metrics - Efficiency Ratio (FTE) was reported at 54%, better than the average estimate of 55.1% from three analysts [4] - Net interest margin (FTE) (non-GAAP) was 4%, exceeding the average estimate of 3.9% from three analysts [4] - Average interest-earning assets totaled $9.12 billion, slightly below the average estimate of $9.18 billion from three analysts [4] - Total Noninterest income reached $14.33 million, surpassing the average estimate of $13.86 million based on three analysts [4] - Net Interest Income was reported at $90.96 million, above the average estimate of $90.16 million from two analysts [4] - Net interest income (FTE) (non-GAAP) was $91.57 million, exceeding the average estimate of $90.87 million from two analysts [4] - Debit and credit card income was $4.81 million, slightly below the average estimate of $4.88 million from two analysts [4] - Service charges on deposit accounts were $4.21 million, above the average estimate of $4.1 million from two analysts [4] - Wealth management income was $3.2 million, exceeding the average estimate of $3.08 million from two analysts [4] - Noninterest income from other sources was $2.12 million, surpassing the average estimate of $1.89 million from two analysts [4] Stock Performance - S&T Bancorp shares have returned +3.2% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Performance - S&T Bancorp reported quarterly earnings of $0.89 per share, matching the Zacks Consensus Estimate, and an increase from $0.86 per share a year ago [1] - The company posted revenues of $105.29 million for the quarter, exceeding the Zacks Consensus Estimate by 1.30% and up from $94.33 million year-over-year [2] - Over the last four quarters, S&T Bancorp has surpassed consensus EPS estimates three times and has also topped consensus revenue estimates three times [1][2] Stock Performance - S&T Bancorp shares have increased approximately 6.6% since the beginning of the year, compared to a 0.4% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.86 on revenues of $103.28 million, and for the current fiscal year, it is $3.53 on revenues of $423.3 million [7] - The estimate revisions trend for S&T Bancorp was mixed ahead of the earnings release, which may change following the recent report [6] Industry Context - The Banks - Northeast industry, to which S&T Bancorp belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook [8]

Financial Performance - Net income for Q4 2025 was $34.0 million, or $0.89 per diluted share, compared to $35.0 million, or $0.91 per diluted share in Q3 2025[1] - Full year 2025 net income was $134.2 million, an increase from $131.3 million in 2024, with EPS rising to $3.49 from $3.41[2] - Net income for Q4 2025 was $33,967,000, slightly higher than $33,065,000 in Q4 2024, representing a 2.7% increase[28] - Diluted earnings per share for Q4 2025 were $0.89, compared to $0.86 in Q4 2024, marking a 3.5% increase[28] - Net income before amortization of intangibles for the twelve months ended December 31, 2025, was $134,904, compared to $132,169 in 2024[36] Asset and Loan Growth - Total portfolio loans increased by $91.0 million, or 4.52% annualized, compared to September 30, 2025[5] - Total assets reached $9.9 billion at December 31, 2025, an increase of $53.5 million from the previous quarter[12] - Total assets increased to $9,870,980 in Q4 2025 from $9,657,972 in Q4 2024[38] - Total loans reached $8,002,363 thousand in Q4 2025, maintaining a net interest margin of 6.00%, consistent with Q3 2025 and Q4 2024[31] Deposits and Interest Income - Total deposits rose by $36.9 million, or 1.85% annualized, with customer deposits growing by $56.9 million, or 2.92% annualized[5] - Total deposits for Q4 2025 were $7,958,831,000, up from $7,783,117,000 in Q4 2024, reflecting a growth of 2.25%[30] - Total interest and dividend income for Q4 2025 was $131,113,000, an increase from $127,879,000 in Q4 2024[28] - Net interest income for Q4 2025 reached $90,960,000, compared to $83,258,000 in Q4 2024, reflecting a year-over-year growth of 9.5%[28] Credit Quality and Losses - The allowance for credit losses (ACL) was $93.2 million, or 1.15% of total portfolio loans, down from $98.2 million, or 1.23% at September 30, 2025[9] - Net charge-offs for 2025 were $14.5 million, or 0.18% of average loans, compared to $8.3 million, or 0.11% in 2024[16] - The company reported a provision for credit losses of $5,696,000 in Q4 2025, compared to a negative provision of $(2,462,000) in Q4 2024[28] - Nonaccrual loans totaled $55,558 thousand in Q4 2025, representing 0.69% of total loans, compared to 0.62% in Q3 2025 and 0.36% in Q4 2024[33] Shareholder Equity and Returns - The total shareholders' equity increased to $1,475,874 thousand in Q4 2025, compared to $1,463,098 thousand in Q3 2025 and $1,374,907 thousand in Q4 2024[31] - Tangible book value (non-GAAP) increased to $29.11 in Q4 2025 from $28.69 in Q3 2025, and $26.25 in Q4 2024[35] - Return on average tangible shareholders' equity (non-GAAP) decreased to 12.30% in Q4 2025 from 12.81% in Q3 2025, and 13.25% in Q4 2024[35] - Average total shareholders' equity rose to $1,444,322 in 2025 from $1,330,870 in 2024[36] Efficiency and Margins - The efficiency ratio (FTE) for Q4 2025 was 53.99%, an improvement from 56.93% in Q4 2024[28] - Pre-provision net revenue to average assets (non-GAAP) improved to 1.95% in Q4 2025 from 1.89% in Q3 2025, and 1.72% in Q4 2024[35] - Net interest margin (FTE) (non-GAAP) increased to 3.90% in 2025 from 3.82% in 2024[37] - The net interest margin (FTE) for the twelve months ended December 31, 2025, was 3.90%, up from 3.82% in 2024[32]

Core Insights - S&T Bancorp, Inc. reported a net income of $34.0 million for Q4 2025, a slight decrease from $35.0 million in Q3 2025, but an increase from $33.1 million in Q4 2024 [1][2] - For the full year 2025, net income reached $134.2 million, up from $131.3 million in 2024, with earnings per diluted share increasing to $3.49 from $3.41 [2][12] Fourth Quarter 2025 Highlights - Net interest income rose by $1.8 million, or 1.93%, to $91.0 million compared to Q3 2025 [6] - The net interest margin (NIM) expanded by 6 basis points to 3.99% [6] - Total portfolio loans increased by $91.0 million, or 4.52% annualized, while total deposits grew by $36.9 million, or 1.85% annualized [6][10] - Net charge-offs increased to $11.0 million, or 0.54% of average loans, compared to $2.4 million, or 0.12%, in Q3 2025 [6][8] Full Year 2025 Highlights - Net interest income for the year increased by $15.3 million, or 4.57%, to $350.1 million compared to 2024 [13] - NIM for the year improved by 8 basis points to 3.90% [13] - Total portfolio loans rose by $329.0 million, or 4.25%, and total deposits increased by $175.7 million compared to 2024 [10][26] - Net charge-offs for the year were $14.5 million, or 0.18% of average loans, up from $8.3 million, or 0.11%, in 2024 [16] Asset Quality - The allowance for credit losses (ACL) was $93.2 million, or 1.15% of total portfolio loans, down from $101.5 million, or 1.31%, at the end of 2024 [16] - Nonperforming assets (NPAs) increased to $55.6 million, or 0.69% of total loans plus other real estate owned (OREO), compared to $27.9 million, or 0.36%, at the end of 2024 [16] Shareholder Returns - The board of directors authorized a new $100 million share repurchase program, set to replace the existing program [17][18] - This reflects the company's focus on disciplined capital management and enhancing shareholder value [18] Financial Condition - Total assets were $9.9 billion at the end of Q4 2025, an increase of $53.5 million from Q3 2025 [10] - The company maintained a strong regulatory capital position, with all capital ratios above the well-capitalized thresholds [11][29]

Core Viewpoint - S&T Bancorp, Inc. has authorized a new $100 million share repurchase program to enhance shareholder value and manage capital effectively [1][3]. Group 1: Share Repurchase Program Details - The new share repurchase program will replace the existing program and is set to expire on February 1, 2027 [1]. - The program allows for the repurchase of common stock through open market and privately negotiated transactions, with the timing, price, and quantity at the discretion of S&T [2]. - The existing share repurchase program's remaining capacity has been terminated [1]. Group 2: Management's Perspective - The CEO emphasized that the new program reflects a disciplined approach to capital management, supporting long-term strategy and shareholder value enhancement [3]. - The program provides flexibility in capital deployment while maintaining a strong balance sheet [3]. Group 3: Company Overview - S&T Bancorp, Inc. is a $9.8 billion bank holding company headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [3]. - The principal subsidiary, S&T Bank, has been operating since 1902 and serves Pennsylvania and Ohio [3].

Core Viewpoint - Analysts forecast S&T Bancorp (STBA) will report quarterly earnings of $0.89 per share, reflecting a year-over-year increase of 3.5% and revenues of $103.95 million, an increase of 10.2% compared to the previous year [1] Earnings Estimates - Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter, indicating stability in analysts' forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical research showing a strong correlation between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts project the 'Efficiency Ratio (FTE)' to reach 55.1%, down from 56.9% in the same quarter last year [5] - The 'Net interest margin (FTE) (non-GAAP)' is expected to be 3.9%, slightly up from 3.8% reported in the same quarter last year [5] - 'Average interest-earning assets' are projected to be $9.18 billion, an increase from $8.86 billion in the same quarter last year [6] - 'Total Noninterest income' is estimated at $13.86 million, up from $11.07 million in the same quarter last year [6] - 'Net interest income (FTE) (non-GAAP)' is expected to be $90.87 million, compared to $83.92 million in the same quarter last year [7] - 'Debit and credit card' income is projected to reach $4.88 million, up from $4.63 million in the same quarter last year [7] - 'Service charges on deposit accounts' are expected to be $4.10 million, down from $4.18 million in the same quarter last year [8] - 'Wealth management' is projected to reach $3.08 million, slightly down from $3.15 million in the same quarter last year [8] Stock Performance - S&T Bancorp shares have changed by -1.4% in the past month, compared to a -0.4% change in the Zacks S&P 500 composite [8] - With a Zacks Rank 3 (Hold), STBA is expected to closely follow overall market performance in the near term [8]

Core Viewpoint - S&T Bancorp, Inc. will hold a conference call to discuss its fourth quarter and full year 2025 earnings on January 22, 2026, at 1:00 p.m. ET, inviting public participation [1]. Group 1: Conference Call Details - The conference call will be conducted by key executives including the CEO, President, and CFO [1]. - The earnings release will occur before the market opens on the same day, January 22, 2026 [2]. - The call will be accessible via a live webcast on S&T Bank's Investor Relations webpage, with an archived version available for 12 months [3]. Group 2: Question Submission - Participants can submit questions via email before the webcast and during the presentation starting at 12:45 p.m. ET [4]. Group 3: Company Overview - S&T Bancorp, Inc. is a $9.8 billion bank holding company headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [6]. - The principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio [6].

Core Viewpoint - S&T Bancorp (STBA) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, indicating a changing earnings picture [1][2]. - Changes in a company's future earnings potential, as shown by earnings estimate revisions, are strongly correlated with near-term stock price movements, influenced by institutional investors [4]. Business Improvement Indicators - Rising earnings estimates and the rating upgrade for S&T Bancorp suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively [5][10]. - The Zacks Consensus Estimate for S&T Bancorp is projected at $3.50 per share for the fiscal year ending December 2025, with a 3.8% increase in estimates over the past three months [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong track record of performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - Only the top 20% of Zacks-covered stocks receive a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].

Financial Performance - For the three months ended September 30, 2025, net income was $34.962 million, an increase from $32.590 million in the same period of 2024, representing a growth of 7.3%[80] - The company reported earnings per share (diluted) of $0.91 for the three months ended September 30, 2025, compared to $0.85 for the same period in 2024[80] - Average tangible shareholders' equity was $1.087 billion for the three months ended September 30, 2025, compared to $977.999 million in the same period of 2024[77] - Return on average tangible shareholders' equity (non-GAAP) was 12.81% for the three months ended September 30, 2025, down from 13.35% in the same period of 2024[77] - Total assets increased to $9,717.7 million as of September 30, 2025, compared to $9,573.4 million as of September 30, 2024[1] - Total assets of the company reached $9.800 billion as of September 30, 2025, compared to $9.620 billion in the same period in 2024[90] Income and Expenses - Net interest income increased by $4.8 million, or 5.64%, for the three months ended September 30, 2025, compared to the same period in 2024[81] - Noninterest income increased by $1.9 million for the three months ended September 30, 2025, primarily due to no security losses in 2025 versus $2.2 million in losses in 2024[83] - Noninterest expense rose by $1.0 million, or 1.83%, for the three months ended September 30, 2025, with salaries and employee benefits increasing by $0.9 million due to merit increases and higher medical costs[84] - The effective tax rate decreased to 20.2% for the three months ended September 30, 2025, from 21.4% in the same period in 2024, attributed to increased low-income housing tax credits[85] Interest Income and Margin - The net interest margin (NIM) on a fully taxable equivalent (FTE) basis increased to 3.93% for the three months ended September 30, 2025, up from 3.82% in the same period of 2024[81] - Net interest income for the three months ended September 30, 2025, was $89.843 million, compared to $85.148 million for the same period in 2024, reflecting a net interest margin of 3.93% versus 3.82%[90] - Total interest and dividend income for the three months ended September 30, 2025, was $131.623 million, slightly up from $131.474 million in the same period of 2024[76] Loans and Credit Losses - The provision for credit losses increased to $2.8 million for the three months ended September 30, 2025, compared to a negative $0.4 million in the same period of 2024[82] - Net loan charge-offs were $2.4 million and $3.5 million for the three and nine months ended September 30, 2025, compared to $2.1 million and $8.3 million for the same periods in 2024[98] - Total portfolio loans increased by $238.0 million to $8.0 billion at September 30, 2025, with the commercial loan portfolio increasing by $158.8 million and the consumer loan portfolio increasing by $79.3 million[103] - The allowance for credit losses (ACL) decreased to $98.2 million, or 1.23% of total portfolio loans, down from $101.5 million, or 1.31%, at December 31, 2024[117] Deposits and Borrowings - Total deposits increased by $138.8 million to $7.9 billion at September 30, 2025, with customer deposits increasing by $163.6 million to $7.7 billion[105] - Average interest-bearing deposits increased to $5.779 billion for the three months ended September 30, 2025, with an average rate of 2.74%, compared to $5.555 billion and 3.04% in 2024[90] - Total borrowings decreased to $235.3 million at September 30, 2025, down from $250.3 million at December 31, 2024[123] Risk Management and Capital - The company implemented various ALCO strategies to manage interest rate and liquidity risks, aiming to maintain an acceptable level of net interest income[88] - Capital ratios for S&T Bancorp, Inc. exceeded well-capitalized regulatory guidelines, with total capital to risk-weighted assets at 16.63% as of September 30, 2025, compared to 16.49% at December 31, 2024[132] - The company continuously monitors interest rate risk through ALCO, which conducts rate shock analyses, EVE analyses, and stress tests[135] Strategic Priorities - The strategic priorities for 2025 and beyond include growing the deposit franchise and enhancing core profitability[79] - The company has filed a shelf registration statement allowing for the issuance of various securities for general corporate purposes, including possible acquisitions and stock repurchases[132]

Core Insights - S&T Bancorp, Inc. has appointed Stephanie N. Doliveira to its board of directors, bringing over 25 years of experience in people-centric initiatives and enterprise risk management [1][2][4] Company Overview - S&T Bancorp, Inc. is a bank holding company with total assets of $9.8 billion, headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [4] Leadership Experience - Doliveira has been with Sheetz, Inc. since 2001, serving as Executive Vice President of People and Culture since 2023 and previously as Vice President of Human Resources since 2008, overseeing more than 27,000 employees [2][3] Strategic Alignment - Doliveira's leadership experience in building high-performing cultures aligns with S&T's values and mission to empower people and support communities [2][4]