S&T Bancorp(US:STBA)2024-10-17 18:55Earnings and Returns - Net income was $32.6 million[5] - Earnings per share (EPS) reached $0.85[5] - Return on Assets (ROA) stood at 1.35%[5] - Return on Equity (ROE) was 9.58%[5] - Return on Average Tangible Shareholders' Equity (ROTE) was 13.35%[5] Balance Sheet and Asset Quality - Customer deposits increased by $100.5 million, representing a 5.42% annualized growth[6] - Brokered CDs decreased by $126.0 million[6] - Borrowings were reduced by $25.0 million[6] - Net loan charge-offs were $2.1 million, or 0.11% of average loans (annualized)[6] - Nonperforming Assets (NPAs) decreased by 4 basis points to 0.41% of total portfolio loans plus OREO[6] Income Statement - Net Interest Income (NII) increased by $0.9 million[9] - Net Interest Margin (NIM) was 3.82%[5, 9] - Security losses amounted to $2.2 million due to bond portfolio repositioning[10] Capital - Tangible Common Equity (TCE) to Tangible Assets (TA) ratio increased to 10.86%[12, 16]