S&T Bancorp(US:STBA)2023-03-12 23:56Financial Performance Highlights - Net interest income increased by $5.3 million, representing a 6% increase, driven by higher interest rates[5] - Net Interest Margin (NIM) expanded by 29 basis points to 4.33% due to higher interest rates[5] - Full year 2022 Return on Average Assets (ROA) was 1.48%[61] - Full year 2022 Return on Average Equity (ROE) was 11.47%[61] - The company declared a dividend of $0.32, a 10.3% increase compared to the same period in the prior year[59] Balance Sheet and Asset Quality - Total loans reached $7.2 billion[66] - Total deposits amounted to $7.2 billion[66] - Nonperforming assets decreased by 23%, or $6.7 million[81] - Commercial Real Estate loans accounted for 44% of the total loan mix at $3,128 million[11,13] - Consumer loans accounted for 27% of the total loan mix at $1,938 million[11,13] Deposit Mix - Demand Deposit Accounts (DDA) represent 36% of total deposits, amounting to $2,589 million[17,22] - Money Market accounts represent 24% of total deposits, amounting to $1,731 million[18,22] - Savings accounts represent 15% of total deposits, amounting to $1,118 million[19,22] - Certificates of Deposit (CDs) represent 13% of total deposits, amounting to $935 million[20,22] - Interest Bearing DDA represent 12% of total deposits, amounting to $847 million[21,22]