S&T Bancorp, Inc. Announces $100 Million Share Repurchase Program

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].