S&T Bancorp (STBA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - S&T Bancorp reported revenue of $96.35 million for Q3 2024, a year-over-year decline of 3.2% and a surprise of -2.57% compared to the Zacks Consensus Estimate of$ 98.9 million [1] - The EPS for the quarter was $0.85, slightly down from$ 0.87 a year ago, but exceeded the consensus estimate of $0.82 by +3.66% [1] Financial Performance Metrics - Efficiency Ratio (FTE) was reported at 55.9%, higher than the average estimate of 54.8% from two analysts [2] - Net interest margin (FTE) (non-GAAP) was 3.8%, matching the average estimate of 3.8% [2] - Average interest-earning assets totaled$ 8.88 billion, slightly below the average estimate of $8.90 billion [2] - Net interest income (FTE) (non-GAAP) was$ 85.15 million, compared to the estimated $85.80 million [2] - Total Noninterest income was$ 11.88 million, below the average estimate of $12.95 million [2] Stock Performance - S&T Bancorp shares have returned -2.3% over the past month, contrasting with the Zacks S&P 500 composite's +3.8% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]