S&T Bancorp(US:STBA)2022-02-04 18:01Earnings & Returns - Net income for the full year reached $110.3 million[9] - Full year deposits increased by $576.0 million, a 2.2% increase[10] - Return on Average Assets (ROA) for the full year was 1.18%, and Return on Average Equity (ROE) was 9.30%[10] - Return on Average Tangible Shareholders' Equity (ROTE) for the full year was 13.85%, and PTPP (Pre-Tax, Pre-Provision) was 1.62%[10] - Net interest income, excluding PPP, increased by $0.8 million in the fourth quarter[7] - The company's ROA was 0.94% and ROE was 7.39%[7] Balance Sheet & Loan Portfolio - Loans, excluding PPP, increased by $123 million, representing a 7% annualized growth rate for the second consecutive quarter[12] - Total loans reached $6,912 million in 4Q21, a $123 million increase from 3Q21, with an annualized growth of 7%[13] - C&I (Commercial and Industrial) loans, excluding PPP, increased by $123 million, representing a 32% annualized growth rate[13] - Deposits increased by $51.4 million in the fourth quarter[7] - Deposits increased by $52 million from $7,945 million to $7,997 million[17] Non-Interest Income & Expense - Noninterest income totaled $16.1 million, a $0.3 million increase compared to the previous quarter and a $0.5 million increase compared to the same quarter last year[22] - Noninterest expense was $50.2 million, a $3.0 million increase compared to the previous quarter and a $1.7 million increase compared to the same quarter last year[25] Asset Quality & Capital - Nonperforming loans decreased by 40.4%[28] - The company maintains strong capital levels, with a Total Capital Ratio of 13.79%[32]