S&T Bancorp (STBA) Q4 Earnings Top Estimates

Core Insights - S&T Bancorp reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, but down from $0.96 per share a year ago, indicating an earnings surprise of 10.26% [1] - The company posted revenues of $94.33 million for the quarter, missing the Zacks Consensus Estimate by 2.95% and down from $103.17 million year-over-year [2] - The stock has underperformed the market, losing about 0.5% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.77 on revenues of $95.9 million, and for the current fiscal year, it is $3.02 on revenues of $388.1 million [7] - The estimate revisions trend for S&T Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Banks - Northeast industry, to which S&T Bancorp belongs, is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]