Prnewswireยท2025-10-23 11:30Core Viewpoint - S&T Bancorp, Inc. reported a net income of $35.0 million for Q3 2025, reflecting a growth from $31.9 million in Q2 2025 and $32.6 million in Q3 2024, driven by improved revenue and net interest margin expansion [1][3]. Financial Performance - Net interest income increased by $2.6 million, or 3.00%, to $89.2 million in Q3 2025 compared to $86.6 million in Q2 2025 [3]. - Average interest-earning assets rose by $88.2 million to $9.1 billion in Q3 2025 from $9.0 billion in Q2 2025 [3]. - The net interest margin (NIM) expanded by 5 basis points to 3.93% in Q3 2025 from 3.88% in the previous quarter [3][6]. Asset Quality - The allowance for credit losses (ACL) was $98.2 million, or 1.23% of total portfolio loans, slightly down from $98.6 million, or 1.24%, at the end of Q2 2025 [4]. - The provision for credit losses increased to $2.8 million in Q3 2025 from $2.0 million in Q2 2025 [4]. - Nonperforming assets (NPAs) rose to $49.6 million, or 0.62% of total loans plus other real estate owned (OREO), compared to $21.3 million, or 0.27%, at the end of Q2 2025 [4]. Noninterest Income and Expense - Noninterest income remained stable at $13.8 million in Q3 2025, compared to $13.5 million in Q2 2025 [5]. - Total noninterest expense decreased by $1.7 million to $56.4 million in Q3 2025 from $58.1 million in Q2 2025, primarily due to lower salaries and employee benefits [5]. Financial Condition - Total assets were reported at $9.8 billion as of September 30, 2025, unchanged from June 30, 2025 [6]. - Total portfolio loans increased by $46.6 million, or 2.33% annualized, compared to June 30, 2025 [6]. - Total deposits increased by $1.0 million, or 0.05% annualized, compared to June 30, 2025 [7]. Profitability Metrics - Return on average assets (ROA) improved to 1.42% in Q3 2025 from 1.32% in Q2 2025 [6]. - Return on average equity (ROE) increased to 9.48% from 8.91% in the previous quarter [6]. - Return on average tangible equity (ROTE) rose to 12.81% from 12.12% in Q2 2025 [6].