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].

Wall Street analysts forecast that S&T Bancorp (STBA) will report quarterly earnings of $0.89 per share in its upcoming release, pointing to a year-over-year increase of 3.5%. It is anticipated that revenues will amount to $103.95 million, exhibiting an increase of 10.2% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of ...

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]

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Financial Data and Key Metrics Changes - The company reported EPS of $0.91 and net income of $35 million for Q3 2025, with ROE and ROA at 1.42%, up 10 basis points from Q2 [6] - PPNR increased to 1.89%, up 16 basis points, aided by NIM expansion to 3.93%, which rose by five basis points [6][8] - Tangible book value grew by more than 3% this quarter, indicating strong capital levels and flexibility for acquisitions and share buybacks [5][15] Business Line Data and Key Metrics Changes - Total loan balances grew by $47 million or 2.3% annually, primarily driven by commercial real estate (CRE) activities, which saw an increase of $133 million [9] - Consumer loan activity grew by $37 million or approximately 6% annualized, while commercial and industrial (C&I) balances declined by $46 million due to higher payoffs and seasonal reductions [10][11] - Non-interest-bearing deposits represented 28% of total deposits, contributing to net interest income and margin improvements [5][8] Market Data and Key Metrics Changes - The company experienced a slight increase in non-performing assets (NPAs) to 62 basis points of total loans, which remains within an acceptable range [11] - The allowance for credit losses decreased by one basis point, indicating a stable credit risk environment [11] Company Strategy and Development Direction - The company aims for organic growth to exceed $10 billion in the coming quarters, focusing on enhancing its deposit franchise and managing asset sensitivity [5][6] - Strategic initiatives have been implemented to position the company for long-term success, including a focus on improving productivity and leveraging technology [4][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current strong performance and future growth, despite some uncertainty in the market due to budget impasses [18][50] - The company anticipates mid-single-digit loan growth in Q4, supported by strong CRE activity and a focus on improving C&I growth [10][18] Other Important Information - The company has a share repurchase authorization in place for $50 million, indicating a commitment to returning value to shareholders [15] - Management highlighted the importance of maintaining a strong deposit mix and proactive pricing strategies in response to competitive pressures [28][53] Q&A Session Summary Question: Loan growth outlook and impact of paydowns - Management noted that paydowns were higher than expected, impacting overall loan growth, but CRE activity remains strong with expectations for better growth in Q4 [17] Question: Margin stability amid Fed cuts - Management believes they are well-positioned to handle potential rate cuts due to their funding mix and ability to adjust deposit rates [19] Question: M&A activity and geographic preferences - Conversations regarding M&A remain active, with interest in expanding into faster-growing areas beyond current markets [22][66] Question: Competition and deposit betas - Increased competitive pressure was noted following recent rate cuts, particularly on CDs, but management expects to stabilize margins through effective pricing strategies [27][28] Question: Credit quality and specific exposures - Management reassured that credit quality remains stable, with no significant concerns in specific asset classes or geographies [49][65]

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