S&T Bancorp, Inc. Announces Fourth Quarter and Full Year 2025 Results

Core Insights - S&T Bancorp, Inc. reported a net income of $34.0 million for Q4 2025, a slight decrease from $35.0 million in Q3 2025, but an increase from $33.1 million in Q4 2024 [1][2] - For the full year 2025, net income reached $134.2 million, up from $131.3 million in 2024, with earnings per diluted share increasing to $3.49 from $3.41 [2][12] Fourth Quarter 2025 Highlights - Net interest income rose by $1.8 million, or 1.93%, to $91.0 million compared to Q3 2025 [6] - The net interest margin (NIM) expanded by 6 basis points to 3.99% [6] - Total portfolio loans increased by $91.0 million, or 4.52% annualized, while total deposits grew by $36.9 million, or 1.85% annualized [6][10] - Net charge-offs increased to $11.0 million, or 0.54% of average loans, compared to $2.4 million, or 0.12%, in Q3 2025 [6][8] Full Year 2025 Highlights - Net interest income for the year increased by $15.3 million, or 4.57%, to $350.1 million compared to 2024 [13] - NIM for the year improved by 8 basis points to 3.90% [13] - Total portfolio loans rose by $329.0 million, or 4.25%, and total deposits increased by $175.7 million compared to 2024 [10][26] - Net charge-offs for the year were $14.5 million, or 0.18% of average loans, up from $8.3 million, or 0.11%, in 2024 [16] Asset Quality - The allowance for credit losses (ACL) was $93.2 million, or 1.15% of total portfolio loans, down from $101.5 million, or 1.31%, at the end of 2024 [16] - Nonperforming assets (NPAs) increased to $55.6 million, or 0.69% of total loans plus other real estate owned (OREO), compared to $27.9 million, or 0.36%, at the end of 2024 [16] Shareholder Returns - The board of directors authorized a new $100 million share repurchase program, set to replace the existing program [17][18] - This reflects the company's focus on disciplined capital management and enhancing shareholder value [18] Financial Condition - Total assets were $9.9 billion at the end of Q4 2025, an increase of $53.5 million from Q3 2025 [10] - The company maintained a strong regulatory capital position, with all capital ratios above the well-capitalized thresholds [11][29]