S&T Bancorp(US:STBA)2026-01-22 12:30Financial 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]