{"success":true,"data":{"pressRelease":{"id":"6357","rtpr_id":"nPn2z8XYHa","ticker":"STBA","exchange":"NASDAQ","all_tickers":["STBA"],"title":"S&T Bancorp, Inc. Announces First Quarter 2026 Results","author":"PR Newswire","published_at":"2026-04-23T11:30:00.244Z","article_body":"S&T Bancorp, Inc. Announces First Quarter 2026 Results\n\nPR Newswire\n\nINDIANA, Pa., April 23, 2026\n\nINDIANA, Pa., April 23, 2026 /PRNewswire/ -- S&T Bancorp, Inc. (S&T)\n(NASDAQ: STBA), the holding company for S&T Bank, announced net income of\n$35.1 million for the first quarter of 2026 compared to $34.0 million for the\nfourth quarter of 2025 and $33.4 million for the first quarter of 2025.\nDiluted earnings per share was $0.94 for the first quarter of 2026, an\nincrease of $0.05, or 5.6%, compared to $0.89 for the fourth quarter of 2025\nand an increase of $0.07, or 8.0%, compared to $0.87 for the first quarter of\n2025.\n\n(https://mma.prnewswire.com/media/460749/S_T_BANCORP__INC__LOGO_V1.html)\n\nFirst Quarter of 2026 Highlights:\n\n * Strong return metrics with return on average assets (ROA) of 1.44%, return on\naverage equity (ROE) of 9.77% and return on average tangible shareholders'\nequity (ROTE) (non-GAAP) of 13.22% compared to ROA of 1.37%, ROE of 9.13% and\nROTE (non-GAAP) of 12.30% for the fourth quarter of 2025.\n * Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.87%\ncompared to 1.95% for the fourth quarter of 2025.\n * Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP)\nremains strong at 3.92% compared to 3.99% in the fourth quarter of 2025.\n * Total deposits increased $226.4 million, or 11.5% annualized, with customer\ndeposit growth of $306.5 million, or 16.0% annualized, offset by lower\nbrokered deposits of $80.1 million compared to December 31, 2025.\n * Total portfolio loans decreased $112.6 million compared to December 31, 2025.\n * Net charge-offs were $1.7 million, or 0.09% of average loans, compared to net\ncharge-offs of $11.0 million, or 0.54% of average loans, in the fourth quarter\nof 2025.\n * Nonperforming assets (NPAs) decreased $5.7 million to $49.9 million, or 0.63%\nof total loans plus other real estate owned (OREO), compared to $55.6 million,\nor 0.69%, at December 31, 2025.\n * Share repurchases of 1,146,100 common shares for $49.6 million.\n\"The first quarter delivered strong earnings performance, solid return metrics\nand robust deposit growth, underscoring the team's commitment to our strategic\npriorities,\" said Chris McComish, chief executive officer. \"Grounded in our\npeople-forward approach to banking, we remain focused on deepening\nrelationships and delivering meaningful value to our customers, communities\nand shareholders.\"\n\nNet Interest Income\n\nNet interest income was $88.4 million in the first quarter of 2026 compared to\n$91.0 million in the fourth quarter of 2025. The decline in net interest\nincome related to two less days in the first quarter compared to the fourth\nquarter of 2025 and an interest recovery on a previously charged-off loan that\noccurred in the fourth quarter of 2025. NIM (FTE) (non-GAAP) declined 7 basis\npoints to 3.92% compared to 3.99% in the prior quarter. Excluding a 4 basis\npoint benefit from the interest recovery in the prior quarter, NIM (FTE)\n(non-GAAP) was relatively stable. Average interest-earning assets increased\n$57.0 million to $9.2 billion in the first quarter of 2026 compared to $9.1\nbillion in the fourth quarter of 2025. The yield on average interest-earning\nassets decreased 14 basis points to 5.60% compared to 5.74% in the fourth\nquarter of 2025 primarily due to a decline in interest rates on loans. Total\ninterest-bearing liability costs decreased 12 basis points to 2.54% compared\nto 2.66% in the fourth quarter of 2025 mainly due to lower deposit costs and a\nreduction in higher-cost brokered deposits and borrowings. Average borrowings\ndecreased $45.1 million to $174.5 million and average brokered deposits\ndecreased $22.1 million to $170.1 million in the first quarter of 2026\ncompared to $219.6 million and $192.2 million in the fourth quarter of 2025.\n\nAsset Quality\n\nThe allowance for credit losses, or ACL, was $93.3 million, or 1.17% of total\nportfolio loans, at March 31, 2026 compared to $93.2 million, or 1.15%, at\nDecember 31, 2025. The provision for credit losses was $1.3 million for the\nfirst quarter of 2026 compared to $5.7 million in the fourth quarter of 2025.\nThe decrease in the provision for credit losses was primarily related to a\ndecrease in net loan charge-offs. Net loan charge-offs were $1.7 million, or\n0.09% of average loans, compared to $11.0 million, or 0.54% of average loans,\nin the fourth quarter of 2025. NPAs decreased $5.7 million to $49.9 million,\nor 0.63% of total loans plus OREO, compared to $55.6 million, or 0.69%, at\nDecember 31, 2025. Total NPAs remain at a manageable level.\n\nNoninterest Income and Expense\n\nNoninterest income decreased $0.7 million to $13.6 million in the first\nquarter of 2026 compared to $14.3 million in the fourth quarter of 2025.\nCustomer activity was seasonally slower in the first quarter of 2026 resulting\nin lower debit and credit card fees compared to the fourth quarter of 2025.\nNoninterest expense decreased $0.5 million to $56.7 million compared to $57.2\nmillion in the fourth quarter of 2025. The decrease primarily related to a\n$1.3 million decrease in salaries and benefits related to lower salaries and\nmedical costs compared to the prior quarter.\n\nFinancial Condition\n\nTotal assets were $9.9 billion at both March 31, 2026 and December 31, 2025.\nCash and due from banks increased $175.6 million related to a significant\nincrease in deposits and a decline in loans compared to December 31, 2025.\nTotal portfolio loans decreased $112.6 million compared to December 31, 2025.\nThe decline in loans related to lower fundings, reduced utilization rates and\nhigher commercial real estate payoffs. The commercial loan portfolio decreased\n$79.0 million with declines in commercial real estate of $94.7 million and\ncommercial and industrial of $8.3 million, offset by an increase in commercial\nconstruction of $23.9 million compared to December 31, 2025. The consumer\nloan portfolio decreased $33.6 million primarily due to declines in\nresidential mortgage of $20.6 million, consumer construction of $8.9 million\nand installment and other consumer of $7.3 million, offset by an increase in\nhome equity of $3.3 million compared to December 31, 2025. Total deposits\nincreased $226.4 million, or 11.5% annualized, with customer deposit growth of\n$306.5 million, or 16.0% annualized, offset by lower brokered deposits of\n$80.1 million compared to December 31, 2025. Customer deposit growth\nreflected increases in core relationships but also included both temporary\ncommercial customer funds and seasonal inflows related to consumer tax\nrefunds. Noninterest bearing deposits increased $112.8 million, money market\nincreased $67.8 million, savings increased $21.1 million and certificates of\ndeposit increased $30.7 million, offset by a decrease in interest-bearing\ndemand of $6.0 million compared to December 31, 2025. The increase in money\nmarket of $67.8 million is net of a decline in brokered money market of $80.1\nmillion compared to December 31, 2025. Total borrowings decreased $115.0\nmillion to $150.3 million compared to $265.3 million at December 31, 2025\nprimarily related to deposit growth.\n\nCapital\n\nDuring the first quarter of 2026, 1,146,100 shares were repurchased at an\naverage price of $43.30 per share for $49.6 million. Total share repurchases\nfor both the fourth quarter of 2025 and the first quarter of 2026 were\n2,094,370 shares at an average price of $40.99 per share totaling $85.8\nmillion. The remaining capacity under the existing share repurchase program\nwas $50.4 million at March 31, 2026.\n\nS&T continues to maintain a strong regulatory capital position with all\ncapital ratios above the well-capitalized thresholds of federal bank\nregulatory agencies.\n\nConference Call\n\nS&T will host its first quarter 2026 earnings conference call live via\nwebcast at 1:00 p.m. ET, Thursday, April 23, 2026. To access the webcast, go\nto S&T Bancorp Inc.'s Investor Relations webpage stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\n. After the live presentation, the webcast will be archived at stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\nfor 12 months.\n\nAbout S&T Bancorp, Inc. and S&T Bank\n\nS&T Bancorp, Inc. is a $9.9 billion bank holding company that is\nheadquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select\nMarket under the symbol STBA. Its principal subsidiary, S&T Bank, was\nestablished in 1902 and operates in Pennsylvania and Ohio. For more\ninformation, visit stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\nor stbank.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=42962195&u=https%3A%2F%2Fwww.stbank.com%2Fpersonal%2F&a=stbank.com)\n. Follow us on Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=3123421675&u=https%3A%2F%2Fwww.facebook.com%2FOfficialSTBank&a=Facebook)\n, Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=515980500&u=https%3A%2F%2Fwww.instagram.com%2Fstbankofficial%2F&a=Instagram)\nand LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=3490764510&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fs-t-bank&a=LinkedIn)\n.\n\nForward-Looking Statements\n\nThis information contains or incorporates statements that we believe are\n\"forward-looking statements\" within the meaning of the Private Securities\nLitigation Reform Act of 1995. Forward-looking statements generally relate to\nour financial condition, results of operations, plans, objectives, outlook for\nearnings, revenues, expenses, capital and liquidity levels and ratios, asset\nlevels, asset quality, financial position and other matters regarding or\naffecting S&T and its future business and operations. Forward-looking\nstatements are typically identified by words or phrases such as \"will likely\nresult,\" \"expect,\" \"anticipate,\" \"estimate,\" \"forecast,\" \"project,\" \"intend,\"\n\"believe,\" \"assume,\" \"strategy,\" \"trend,\" \"plan,\" \"outlook,\" \"outcome,\"\n\"continue,\" \"remain,\" \"potential,\" \"opportunity,\" \"comfortable,\" \"current,\"\n\"position,\" \"maintain,\" \"sustain,\" \"seek,\" \"achieve\" and variations of such\nwords and similar expressions, or future or conditional verbs such as \"will,\"\n\"would,\" \"should,\" \"could\" or \"may.\" Although we believe the assumptions upon\nwhich these forward-looking statements are based are reasonable, any of these\nassumptions could prove to be inaccurate and the forward-looking statements\nbased on these assumptions could be incorrect. The matters discussed in these\nforward-looking statements are subject to various risks, uncertainties and\nother factors that could cause actual results and trends to differ materially\nfrom those made, projected or implied in or by the forward-looking statements\ndepending on a variety of uncertainties or other factors including, but not\nlimited to: credit losses and the credit risk of our commercial and consumer\nloan products; changes in the level of charge-offs and changes in estimates of\nthe adequacy of the allowance for credit losses, or ACL; cybersecurity\nconcerns; rapid technological developments and changes, including the use of\nartificial intelligence and digital assets; operational risks or risk\nmanagement failures by us or critical third parties, including fraud risk; our\nability to manage our brand risks; sensitivity to the interest rate\nenvironment, a rapid increase in interest rates or a change in the shape of\nthe yield curve; a change in spreads on interest-earning assets and\ninterest-bearing liabilities; regulatory supervision and oversight, including\nchanges in regulatory capital requirements and our ability to address those\nrequirements; unanticipated changes in our liquidity position; unanticipated\nchanges in regulatory and governmental policies impacting interest rates and\nfinancial markets; changes in accounting policies, practices or guidance;\nlegislation affecting the financial services industry as a whole, and S&T,\nin particular; developments affecting the industry and the soundness of\nfinancial institutions and further disruption to the economy and U.S. banking\nsystem; the outcome of pending and future litigation and governmental\nproceedings; increasing price and product/service competition; the ability to\ncontinue to introduce competitive new products and services on a timely,\ncost-effective basis; managing our internal growth and acquisitions; the\npossibility that the anticipated benefits from acquisitions cannot be fully\nrealized in a timely manner or at all, or that integrating the acquired\noperations will be more difficult, disruptive or costly than anticipated;\ncontaining costs and expenses; reliance on significant customer relationships;\nan interruption or cessation of an important service by a third-party\nprovider; our ability to attract and retain talented executives and other\nemployees; general economic or business conditions, including the strength of\nregional economic conditions in our market area; ESG practices and\ndisclosures, including climate change, hiring practices, the diversity of the\nwork force and racial and social justice issues; deterioration of the housing\nmarket and reduced demand for mortgages; deterioration in the overall\nmacroeconomic conditions or the state of the banking industry that could\nwarrant further analysis of the carrying value of goodwill and could result in\nan adjustment to its carrying value resulting in a non-cash charge to net\nincome; the stability of our core deposit base and access to contingency\nfunding; re-emergence of turbulence in significant portions of the global\nfinancial and real estate markets that could impact our performance, both\ndirectly, by affecting our revenues and the value of our assets and\nliabilities, and indirectly, by affecting the economy generally and access to\ncapital in the amounts, at the times and on the terms required to support our\nfuture businesses and geopolitical tensions and conflicts between nations.\n\nMany of these factors, as well as other factors, are described in our Annual\nReport on Form 10-K for the year ended December 31, 2025, including Part I,\nItem 1A-\"Risk Factors\" and any of our subsequent filings with the SEC.\nForward-looking statements are based on beliefs and assumptions using\ninformation available at the time the statements are made. We caution you not\nto unduly rely on forward-looking statements because the assumptions, beliefs,\nexpectations and projections about future events may, and often do, differ\nmaterially from actual results. Any forward-looking statement speaks only as\nto the date on which it is made, and we undertake no obligation to update any\nforward-looking statement to reflect developments occurring after the\nstatement is made.\n\nNon-GAAP Financial Measures\n\nIn addition to traditional measures presented in accordance with GAAP, our\nmanagement uses, and this information contains or references, certain non-GAAP\nfinancial measures, such as tangible book value, return on average tangible\nshareholder's equity, PPNR to average assets, efficiency ratio on an FTE\nbasis, tangible common equity to tangible assets and net interest margin on an\nFTE basis. We believe these non-GAAP financial measures provide information\nuseful to investors in understanding our underlying operational performance\nand our business and performance trends as they facilitate comparisons with\nthe performance of other companies in the financial services industry.\nAlthough we believe that these non-GAAP financial measures enhance investors'\nunderstanding of our business and performance, these non-GAAP financial\nmeasures should not be considered alternatives to GAAP or considered to be\nmore important than financial results determined in accordance with GAAP, nor\nare they necessarily comparable with non-GAAP measures which may be presented\nby other companies. See Definitions and Reconciliation of GAAP to Non-GAAP\nFinancial Measures for more information related to these financial measures.\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands, except per share data) Quarter Quarter Quarter\n INTEREST AND DIVIDEND INCOME\n Loans, including fees $115,294 $120,356 $114,340\n Investment Securities:\n Taxable 10,760 10,426 10,073\n Tax-exempt 34 34 157\n Dividends 245 297 278\n Total Interest and Dividend Income 126,333 131,113 124,848\n\n INTEREST EXPENSE\n Deposits 35,686 37,296 38,354\n Borrowings, junior subordinated debt securities and other 2,211 2,857 3,171\n Total Interest Expense 37,897 40,153 41,525\n\n NET INTEREST INCOME 88,436 90,960 83,323\n Provision for credit losses 1,327 5,696 (3,040)\n Net Interest Income After Provision for Credit Losses 87,109 85,264 86,363\n\n NONINTEREST INCOME\n Loss on sale of securities — — (2,295)\n Debit and credit card 4,283 4,805 4,188\n Service charges on deposit accounts 4,196 4,206 3,962\n Investment services and trust 3,369 3,203 3,084\n Other 1,794 2,117 1,490\n Total Noninterest Income 13,642 14,331 10,429\n\n NONINTEREST EXPENSE\n Salaries and employee benefits 31,356 32,707 29,853\n Data processing and information technology 5,158 5,079 4,930\n Occupancy 4,592 3,855 4,302\n Furniture, equipment and software 3,492 3,453 3,483\n Other taxes 2,063 1,931 1,494\n Marketing 1,467 1,546 1,615\n Professional services and legal 1,245 1,228 1,286\n FDIC insurance 1,073 1,062 1,040\n Other noninterest expense 6,261 6,315 7,088\n Total Noninterest Expense 56,707 57,176 55,091\n Income Before Taxes 44,044 42,419 41,701\n Income tax expense 8,972 8,452 8,300\n Net Income $35,072 $33,967 $33,401\n\n Per Share Data\n Shares outstanding at end of period 36,259,649 37,402,705 38,261,299\n Average shares outstanding - diluted 37,177,888 38,136,813 38,599,656\n Diluted earnings per share $0.94 $0.89 $0.87\n Dividends declared per share $0.36 $0.36 $0.34\n Dividend yield (annualized) 3.44 % 3.66 % 3.67 %\n Dividends paid to net income 38.09 % 40.14 % 38.97 %\n Book value $39.46 $39.14 $37.06\n Tangible book value (non-GAAP)((1)) $29.11 $29.11 $27.24\n Market value $41.83 $39.35 $37.05\n\n Profitability Ratios (Annualized)\n Return on average assets 1.44 % 1.37 % 1.41 %\n Return on average shareholders' equity 9.77 % 9.13 % 9.67 %\n Return on average tangible shareholders' equity (non-GAAP)((2) ) 13.22 % 12.30 % 13.29 %\n Pre-provision net revenue / average assets (non-GAAP)((3)) 1.87 % 1.95 % 1.73 %\n Efficiency ratio (FTE) (non-GAAP)((4)) 55.23 % 53.99 % 56.99 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n ASSETS\n Cash and due from banks $339,059 $163,436 $211,836\n Securities available for sale, at fair value 1,009,518 987,659 1,011,111\n Loans held for sale 694 1,010 —\n Commercial loans:\n Commercial real estate 3,532,106 3,626,784 3,462,246\n Commercial and industrial 1,511,082 1,519,336 1,520,475\n Commercial construction 404,012 380,091 380,129\n Total Commercial Loans 5,447,200 5,526,211 5,362,850\n Consumer loans:\n Residential mortgage 1,689,731 1,710,351 1,670,750\n Home equity 711,235 707,966 660,594\n Installment and other consumer 83,951 91,280 98,165\n Consumer construction 27,265 36,149 43,990\n Total Consumer Loans 2,512,182 2,545,746 2,473,499\n Total Portfolio Loans 7,959,382 8,071,957 7,836,349\n Allowance for credit losses (93,271) (93,178) (99,010)\n Total Portfolio Loans, Net 7,866,111 7,978,779 7,737,339\n Federal Home Loan Bank and other restricted stock, at cost 11,724 16,030 13,445\n Goodwill 373,424 373,424 373,424\n Other Intangible assets, net 2,069 2,251 2,813\n Other assets 341,404 348,391 368,308\n Total Assets $9,944,003 $9,870,980 $9,718,276\n\n LIABILITIES\n Deposits:\n Noninterest-bearing demand $2,273,411 $2,160,645 $2,164,491\n Interest-bearing demand 784,326 790,278 809,722\n Money market 2,264,777 2,196,998 2,210,081\n Savings 883,213 862,118 886,007\n Certificates of deposit 1,979,492 1,948,792 1,822,632\n Total Deposits 8,185,219 7,958,831 7,892,933\n\n Borrowings:\n Short-term borrowings 50,000 165,000 95,000\n Long-term borrowings 50,794 50,815 50,876\n Junior subordinated debt securities 49,493 49,478 49,433\n Total Borrowings 150,287 265,293 195,309\n Other liabilities 177,816 182,979 212,000\n Total Liabilities 8,513,322 8,407,103 8,300,242\n\n SHAREHOLDERS' EQUITY\n Total Shareholders' Equity 1,430,681 1,463,877 1,418,034\n Total Liabilities and Shareholders' Equity $9,944,003 $9,870,980 $9,718,276\n\n Capitalization Ratios\n Shareholders' equity / assets 14.39 % 14.83 % 14.59 %\n Tangible common equity / tangible assets (non-GAAP)((5)) 11.03 % 11.46 % 11.16 %\n Tier 1 leverage ratio 11.82 % 12.18 % 12.09 %\n Common equity tier 1 capital 14.18 % 14.32 % 14.67 %\n Risk-based capital - tier 1 14.49 % 14.62 % 14.99 %\n Risk-based capital - total 16.06 % 16.19 % 16.57 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Net Interest Margin (FTE) (non-GAAP) (QTD Averages)\n ASSETS\n Interest-bearing deposits with banks $153,396 3.70 % $112,524 3.98 % $128,739 4.46 %\n Securities, at fair value 997,037 3.78 % 985,200 3.80 % 990,414 3.59 %\n Loans held for sale 1,002 6.57 % 890 6.44 % 0 0.00 %\n Commercial real estate 3,579,903 5.80 % 3,625,455 5.87 % 3,395,599 5.82 %\n Commercial and industrial 1,513,557 6.25 % 1,491,942 6.54 % 1,535,235 6.69 %\n Commercial construction 387,412 6.42 % 348,987 7.34 % 374,881 6.95 %\n Total Commercial Loans 5,480,872 5.97 % 5,466,384 6.15 % 5,305,715 6.15 %\n Residential mortgage 1,701,695 5.37 % 1,701,279 5.33 % 1,660,177 5.21 %\n Home equity 707,856 5.90 % 700,194 6.22 % 653,113 6.30 %\n Installment and other consumer 87,693 7.39 % 92,748 7.73 % 99,402 7.97 %\n Consumer construction 30,124 6.69 % 40,868 6.75 % 45,157 6.86 %\n Total Consumer Loans 2,527,368 5.61 % 2,535,089 5.69 % 2,457,849 5.64 %\n Total Portfolio Loans 8,008,240 5.86 % 8,001,473 6.00 % 7,763,564 5.99 %\n Total Loans 8,009,242 5.86 % 8,002,363 6.00 % 7,763,564 5.99 %\n Total other earning assets 12,806 7.07 % 15,366 7.40 % 16,768 6.74 %\n Total Interest-earning Assets 9,172,481 5.60 % 9,115,453 5.74 % 8,899,485 5.70 %\n Noninterest-earning assets 692,974 694,161 727,176\n Total Assets $9,865,455 $9,809,614 $9,626,661\n\n LIABILITIES AND SHAREHOLDERS' EQUITY\n Interest-bearing demand $778,502 0.93 % $770,233 0.94 % $779,309 1.00 %\n Money market 2,245,922 2.60 % 2,202,015 2.75 % 2,088,346 2.97 %\n Savings 873,304 0.65 % 859,344 0.68 % 884,636 0.66 %\n Certificates of deposit 1,965,807 3.73 % 1,925,474 3.86 % 1,860,840 4.29 %\n Total Interest-bearing Deposits 5,863,535 2.47 % 5,757,066 2.57 % 5,613,131 2.77 %\n Short-term borrowings 74,162 3.99 % 119,293 4.32 % 117,722 4.63 %\n Long-term borrowings 50,805 3.80 % 50,826 3.80 % 50,886 3.80 %\n Junior subordinated debt securities 49,485 6.53 % 49,469 6.79 % 49,423 7.17 %\n Total Borrowings 174,452 4.66 % 219,588 4.75 % 218,031 5.01 %\n Total Other Interest-bearing Liabilities 22,862 3.69 % 22,736 3.95 % 43,926 4.40 %\n Total Interest-bearing Liabilities 6,060,849 2.54 % 5,999,390 2.66 % 5,875,088 2.87 %\n Noninterest-bearing liabilities 2,348,924 2,334,350 2,350,574\n Shareholders' equity 1,455,682 1,475,874 1,400,999\n Total Liabilities and Shareholders' Equity $9,865,455 $9,809,614 $9,626,661\n\n Net Interest Margin (FTE) (non-GAAP)((6)) 3.92 % 3.99 % 3.81 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Nonaccrual Loans\n Commercial loans: % Loans % Loans % Loans\n Commercial real estate $17,764 0.50 % $17,373 0.48 % $3,441 0.10 %\n Commercial and industrial 18,607 1.23 % 25,575 1.68 % 6,749 0.44 %\n Commercial construction 869 0.22 % 869 0.23 % 1,006 0.26 %\n Total Nonaccrual Commercial Loans 37,240 0.68 % 43,817 0.79 % 11,196 0.21 %\n Consumer loans:\n Residential mortgage 8,950 0.53 % 8,098 0.47 % 6,957 0.42 %\n Home equity 3,618 0.51 % 3,485 0.49 % 3,968 0.60 %\n Installment and other consumer 141 0.17 % 158 0.17 % 218 0.22 %\n Total Nonaccrual Consumer Loans 12,709 0.51 % 11,741 0.46 % 11,143 0.45 %\n Total Nonaccrual Loans $49,949 0.63 % $55,558 0.69 % $22,339 0.29 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Loan Charge-offs (Recoveries)\n Charge-offs $1,935 $12,482 $884\n Recoveries (248) (1,529) (911)\n Net Loan Charge-offs (Recoveries) $1,687 $10,953 ($27)\n\n Net Loan Charge-offs (Recoveries)\n Commercial loans:\n Commercial real estate $492 $7,510 ($146)\n Commercial and industrial 175 3,133 154\n Commercial construction — — 30\n Total Commercial Loan Charge-offs 667 10,643 38\n Consumer loans:\n Residential mortgage 27 46 13\n Home equity 236 (101) 19\n Installment and other consumer 757 365 (97)\n Total Consumer Loan Charge-offs (Recoveries) 1,020 310 (65)\n Total Net Loan Charge-offs (Recoveries) $1,687 $10,953 ($27)\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Asset Quality Data\n Nonaccrual loans $49,949 $55,558 $22,339\n OREO — 57 29\n Total nonperforming assets 49,949 55,615 22,368\n Nonaccrual loans / total loans 0.63 % 0.69 % 0.29 %\n Nonperforming assets / total loans plus OREO 0.63 % 0.69 % 0.29 %\n Allowance for credit losses / total portfolio loans 1.17 % 1.15 % 1.26 %\n Allowance for credit losses / nonaccrual loans 187 % 168 % 443 %\n Net loan charge-offs $1,687 $10,953 ($27)\n Net loan charge-offs (annualized) / average loans 0.09 % 0.54 % 0.00 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:\n 2026 2025 2025\n First Fourth First\n (dollars in thousands, except per share data) Quarter Quarter Quarter\n ((1)) Tangible Book Value (non-GAAP)\n Total shareholders' equity $1,430,681 $1,463,877 $1,418,034\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,042,388\n Common shares outstanding 36,259,649 37,402,705 38,261,299\n Tangible book value (non-GAAP) $29.11 $29.11 $27.24\n Tangible book value is a preferred industry metric used to measure our\n company's value and commonly used by investors and analysts.\n\n ((2)) Return on Average Tangible Shareholders' Equity (non-GAAP)\n Net income (annualized) $142,236 $134,760 $135,460\n Plus: amortization of intangibles (annualized), net of tax 583 624 772\n Net income before amortization of intangibles (annualized) $142,819 $135,384 $136,232\n\n Average total shareholders' equity $1,455,682 $1,475,874 $1,400,999\n Less: average goodwill and other intangible assets, net of deferred tax (375,136) (375,279) (375,741)\n liability\n Average tangible equity (non-GAAP) $1,080,546 $1,100,595 $1,025,258\n Return on average tangible shareholders' equity (non-GAAP) 13.22 % 12.30 % 13.29 %\n Return on average tangible shareholders' equity is a preferred industry\n profitability metric used by management, as well as investors and analysts, to\n measure\n financial performance.\n\n ((3)) Pre-provision Net Revenue / Average Assets (non-GAAP)\n Income before taxes $44,044 $42,419 $41,701\n Plus: net loss on sale of securities — — 2,295\n Plus: Provision for credit losses 1,327 5,696 (3,040)\n Total $45,371 $48,115 $40,956\n Total (annualized) (non-GAAP) $184,005 $190,891 $166,099\n Average assets $9,865,455 $9,809,614 $9,626,661\n Pre-provision Net Revenue / Average Assets (non-GAAP) 1.87 % 1.95 % 1.73 %\n Pre-provision net revenue to average assets is income before taxes adjusted to\n exclude provision for credit losses, losses (gains) on sale of securities and\n gain on Visa\n exchange. We believe this to be a preferred industry measurement to help\n management, as well as investors and analysts, evaluate our ability to fund\n credit losses\n or build capital.\n\n ((4)) Efficiency Ratio (FTE) (non-GAAP)\n Noninterest expense $56,707 $57,176 $55,091\n\n Net interest income per consolidated statements of net income $88,436 $90,960 $83,323\n Plus: taxable equivalent adjustment 590 605 617\n Net interest income (FTE) (non-GAAP) 89,026 91,565 83,940\n Noninterest income 13,642 14,331 10,429\n Plus: net loss on sale of securities — — 2,295\n Net interest income (FTE) (non-GAAP) plus noninterest income $102,668 $105,896 $96,664\n Efficiency ratio (FTE) (non-GAAP) 55.23 % 53.99 % 56.99 %\n The efficiency ratio is noninterest expense divided by noninterest income plus\n net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses\n (gains) on\n sale of securities and gain on Visa exchange. We believe the FTE basis ensures\n comparability of net interest income arising from both taxable and tax-exempt\n sources\n and is consistent with industry practice.\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n ((5)) Tangible Common Equity / Tangible Assets (non-GAAP)\n Total shareholders' equity $1,430,681 $1,463,877 $1,418,034\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,042,388\n\n Total assets $9,944,003 $9,870,980 $9,718,276\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible assets (non-GAAP) $9,568,944 $9,495,778 $9,342,630\n Tangible common equity to tangible assets (non-GAAP) 11.03 % 11.46 % 11.16 %\n Tangible common equity to tangible assets is a preferred industry measurement\n to evaluate capital adequacy.\n\n ((6)) Net Interest Margin (FTE) (non-GAAP)\n Interest income and dividend income $126,333 $131,113 $124,848\n Less: interest expense (37,897) (40,153) (41,525)\n Net interest income per consolidated statements of net income 88,436 90,960 83,323\n Plus: taxable equivalent adjustment 590 605 617\n Net interest income (FTE) (non-GAAP) $89,026 $91,565 $83,940\n Net interest income (FTE) (annualized) $361,050 $363,274 $340,423\n Average interest-earning assets $9,172,481 $9,115,453 $8,899,485\n Net interest margin (FTE) (non-GAAP) 3.92 % 3.99 % 3.81 %\n The interest income on interest-earning assets, net interest income and net\n interest margin are presented on an FTE basis (non-GAAP). The FTE basis\n (non-GAAP)\n adjusts for the tax benefit of income on certain tax-exempt loans and\n securities and the dividend-received deduction for equity securities using the\n federal statutory\n tax rate of 21 percent for each period. We believe this to be the preferred\n industry measurement of net interest income that provides a relevant\n comparison between\n taxable and non-taxable sources of interest income.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-first-quarter-2026-results-302750868.html\n(https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-first-quarter-2026-results-302750868.html)\n\nSOURCE S&T Bancorp, Inc.\n\n\n\nMark Kochvar, S&T Bancorp, Inc., Chief Financial Officer, 724.465.4826, mark.kochvar@stbank.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/460749/S_T_BANCORP__INC__LOGO_V1.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn2z8XYHa","title":"S&T Bancorp, Inc. Announces First Quarter 2026 Results","author":"PR Newswire","ticker":"STBA","created":"2026-04-23T11:30:00.244Z","tickers":["STBA"],"exchange":"NASDAQ","article_body":"S&T Bancorp, Inc. Announces First Quarter 2026 Results\n\nPR Newswire\n\nINDIANA, Pa., April 23, 2026\n\nINDIANA, Pa., April 23, 2026 /PRNewswire/ -- S&T Bancorp, Inc. (S&T)\n(NASDAQ: STBA), the holding company for S&T Bank, announced net income of\n$35.1 million for the first quarter of 2026 compared to $34.0 million for the\nfourth quarter of 2025 and $33.4 million for the first quarter of 2025.\nDiluted earnings per share was $0.94 for the first quarter of 2026, an\nincrease of $0.05, or 5.6%, compared to $0.89 for the fourth quarter of 2025\nand an increase of $0.07, or 8.0%, compared to $0.87 for the first quarter of\n2025.\n\n(https://mma.prnewswire.com/media/460749/S_T_BANCORP__INC__LOGO_V1.html)\n\nFirst Quarter of 2026 Highlights:\n\n * Strong return metrics with return on average assets (ROA) of 1.44%, return on\naverage equity (ROE) of 9.77% and return on average tangible shareholders'\nequity (ROTE) (non-GAAP) of 13.22% compared to ROA of 1.37%, ROE of 9.13% and\nROTE (non-GAAP) of 12.30% for the fourth quarter of 2025.\n * Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.87%\ncompared to 1.95% for the fourth quarter of 2025.\n * Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP)\nremains strong at 3.92% compared to 3.99% in the fourth quarter of 2025.\n * Total deposits increased $226.4 million, or 11.5% annualized, with customer\ndeposit growth of $306.5 million, or 16.0% annualized, offset by lower\nbrokered deposits of $80.1 million compared to December 31, 2025.\n * Total portfolio loans decreased $112.6 million compared to December 31, 2025.\n * Net charge-offs were $1.7 million, or 0.09% of average loans, compared to net\ncharge-offs of $11.0 million, or 0.54% of average loans, in the fourth quarter\nof 2025.\n * Nonperforming assets (NPAs) decreased $5.7 million to $49.9 million, or 0.63%\nof total loans plus other real estate owned (OREO), compared to $55.6 million,\nor 0.69%, at December 31, 2025.\n * Share repurchases of 1,146,100 common shares for $49.6 million.\n\"The first quarter delivered strong earnings performance, solid return metrics\nand robust deposit growth, underscoring the team's commitment to our strategic\npriorities,\" said Chris McComish, chief executive officer. \"Grounded in our\npeople-forward approach to banking, we remain focused on deepening\nrelationships and delivering meaningful value to our customers, communities\nand shareholders.\"\n\nNet Interest Income\n\nNet interest income was $88.4 million in the first quarter of 2026 compared to\n$91.0 million in the fourth quarter of 2025. The decline in net interest\nincome related to two less days in the first quarter compared to the fourth\nquarter of 2025 and an interest recovery on a previously charged-off loan that\noccurred in the fourth quarter of 2025. NIM (FTE) (non-GAAP) declined 7 basis\npoints to 3.92% compared to 3.99% in the prior quarter. Excluding a 4 basis\npoint benefit from the interest recovery in the prior quarter, NIM (FTE)\n(non-GAAP) was relatively stable. Average interest-earning assets increased\n$57.0 million to $9.2 billion in the first quarter of 2026 compared to $9.1\nbillion in the fourth quarter of 2025. The yield on average interest-earning\nassets decreased 14 basis points to 5.60% compared to 5.74% in the fourth\nquarter of 2025 primarily due to a decline in interest rates on loans. Total\ninterest-bearing liability costs decreased 12 basis points to 2.54% compared\nto 2.66% in the fourth quarter of 2025 mainly due to lower deposit costs and a\nreduction in higher-cost brokered deposits and borrowings. Average borrowings\ndecreased $45.1 million to $174.5 million and average brokered deposits\ndecreased $22.1 million to $170.1 million in the first quarter of 2026\ncompared to $219.6 million and $192.2 million in the fourth quarter of 2025.\n\nAsset Quality\n\nThe allowance for credit losses, or ACL, was $93.3 million, or 1.17% of total\nportfolio loans, at March 31, 2026 compared to $93.2 million, or 1.15%, at\nDecember 31, 2025. The provision for credit losses was $1.3 million for the\nfirst quarter of 2026 compared to $5.7 million in the fourth quarter of 2025.\nThe decrease in the provision for credit losses was primarily related to a\ndecrease in net loan charge-offs. Net loan charge-offs were $1.7 million, or\n0.09% of average loans, compared to $11.0 million, or 0.54% of average loans,\nin the fourth quarter of 2025. NPAs decreased $5.7 million to $49.9 million,\nor 0.63% of total loans plus OREO, compared to $55.6 million, or 0.69%, at\nDecember 31, 2025. Total NPAs remain at a manageable level.\n\nNoninterest Income and Expense\n\nNoninterest income decreased $0.7 million to $13.6 million in the first\nquarter of 2026 compared to $14.3 million in the fourth quarter of 2025.\nCustomer activity was seasonally slower in the first quarter of 2026 resulting\nin lower debit and credit card fees compared to the fourth quarter of 2025.\nNoninterest expense decreased $0.5 million to $56.7 million compared to $57.2\nmillion in the fourth quarter of 2025. The decrease primarily related to a\n$1.3 million decrease in salaries and benefits related to lower salaries and\nmedical costs compared to the prior quarter.\n\nFinancial Condition\n\nTotal assets were $9.9 billion at both March 31, 2026 and December 31, 2025.\nCash and due from banks increased $175.6 million related to a significant\nincrease in deposits and a decline in loans compared to December 31, 2025.\nTotal portfolio loans decreased $112.6 million compared to December 31, 2025.\nThe decline in loans related to lower fundings, reduced utilization rates and\nhigher commercial real estate payoffs. The commercial loan portfolio decreased\n$79.0 million with declines in commercial real estate of $94.7 million and\ncommercial and industrial of $8.3 million, offset by an increase in commercial\nconstruction of $23.9 million compared to December 31, 2025. The consumer\nloan portfolio decreased $33.6 million primarily due to declines in\nresidential mortgage of $20.6 million, consumer construction of $8.9 million\nand installment and other consumer of $7.3 million, offset by an increase in\nhome equity of $3.3 million compared to December 31, 2025. Total deposits\nincreased $226.4 million, or 11.5% annualized, with customer deposit growth of\n$306.5 million, or 16.0% annualized, offset by lower brokered deposits of\n$80.1 million compared to December 31, 2025. Customer deposit growth\nreflected increases in core relationships but also included both temporary\ncommercial customer funds and seasonal inflows related to consumer tax\nrefunds. Noninterest bearing deposits increased $112.8 million, money market\nincreased $67.8 million, savings increased $21.1 million and certificates of\ndeposit increased $30.7 million, offset by a decrease in interest-bearing\ndemand of $6.0 million compared to December 31, 2025. The increase in money\nmarket of $67.8 million is net of a decline in brokered money market of $80.1\nmillion compared to December 31, 2025. Total borrowings decreased $115.0\nmillion to $150.3 million compared to $265.3 million at December 31, 2025\nprimarily related to deposit growth.\n\nCapital\n\nDuring the first quarter of 2026, 1,146,100 shares were repurchased at an\naverage price of $43.30 per share for $49.6 million. Total share repurchases\nfor both the fourth quarter of 2025 and the first quarter of 2026 were\n2,094,370 shares at an average price of $40.99 per share totaling $85.8\nmillion. The remaining capacity under the existing share repurchase program\nwas $50.4 million at March 31, 2026.\n\nS&T continues to maintain a strong regulatory capital position with all\ncapital ratios above the well-capitalized thresholds of federal bank\nregulatory agencies.\n\nConference Call\n\nS&T will host its first quarter 2026 earnings conference call live via\nwebcast at 1:00 p.m. ET, Thursday, April 23, 2026. To access the webcast, go\nto S&T Bancorp Inc.'s Investor Relations webpage stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\n. After the live presentation, the webcast will be archived at stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\nfor 12 months.\n\nAbout S&T Bancorp, Inc. and S&T Bank\n\nS&T Bancorp, Inc. is a $9.9 billion bank holding company that is\nheadquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select\nMarket under the symbol STBA. Its principal subsidiary, S&T Bank, was\nestablished in 1902 and operates in Pennsylvania and Ohio. For more\ninformation, visit stbancorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=602155305&u=https%3A%2F%2Fwww.stbancorp.com%2Foverview%2Fdefault.aspx&a=stbancorp.com)\nor stbank.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=42962195&u=https%3A%2F%2Fwww.stbank.com%2Fpersonal%2F&a=stbank.com)\n. Follow us on Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=3123421675&u=https%3A%2F%2Fwww.facebook.com%2FOfficialSTBank&a=Facebook)\n, Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=515980500&u=https%3A%2F%2Fwww.instagram.com%2Fstbankofficial%2F&a=Instagram)\nand LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4671176-1&h=3490764510&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fs-t-bank&a=LinkedIn)\n.\n\nForward-Looking Statements\n\nThis information contains or incorporates statements that we believe are\n\"forward-looking statements\" within the meaning of the Private Securities\nLitigation Reform Act of 1995. Forward-looking statements generally relate to\nour financial condition, results of operations, plans, objectives, outlook for\nearnings, revenues, expenses, capital and liquidity levels and ratios, asset\nlevels, asset quality, financial position and other matters regarding or\naffecting S&T and its future business and operations. Forward-looking\nstatements are typically identified by words or phrases such as \"will likely\nresult,\" \"expect,\" \"anticipate,\" \"estimate,\" \"forecast,\" \"project,\" \"intend,\"\n\"believe,\" \"assume,\" \"strategy,\" \"trend,\" \"plan,\" \"outlook,\" \"outcome,\"\n\"continue,\" \"remain,\" \"potential,\" \"opportunity,\" \"comfortable,\" \"current,\"\n\"position,\" \"maintain,\" \"sustain,\" \"seek,\" \"achieve\" and variations of such\nwords and similar expressions, or future or conditional verbs such as \"will,\"\n\"would,\" \"should,\" \"could\" or \"may.\" Although we believe the assumptions upon\nwhich these forward-looking statements are based are reasonable, any of these\nassumptions could prove to be inaccurate and the forward-looking statements\nbased on these assumptions could be incorrect. The matters discussed in these\nforward-looking statements are subject to various risks, uncertainties and\nother factors that could cause actual results and trends to differ materially\nfrom those made, projected or implied in or by the forward-looking statements\ndepending on a variety of uncertainties or other factors including, but not\nlimited to: credit losses and the credit risk of our commercial and consumer\nloan products; changes in the level of charge-offs and changes in estimates of\nthe adequacy of the allowance for credit losses, or ACL; cybersecurity\nconcerns; rapid technological developments and changes, including the use of\nartificial intelligence and digital assets; operational risks or risk\nmanagement failures by us or critical third parties, including fraud risk; our\nability to manage our brand risks; sensitivity to the interest rate\nenvironment, a rapid increase in interest rates or a change in the shape of\nthe yield curve; a change in spreads on interest-earning assets and\ninterest-bearing liabilities; regulatory supervision and oversight, including\nchanges in regulatory capital requirements and our ability to address those\nrequirements; unanticipated changes in our liquidity position; unanticipated\nchanges in regulatory and governmental policies impacting interest rates and\nfinancial markets; changes in accounting policies, practices or guidance;\nlegislation affecting the financial services industry as a whole, and S&T,\nin particular; developments affecting the industry and the soundness of\nfinancial institutions and further disruption to the economy and U.S. banking\nsystem; the outcome of pending and future litigation and governmental\nproceedings; increasing price and product/service competition; the ability to\ncontinue to introduce competitive new products and services on a timely,\ncost-effective basis; managing our internal growth and acquisitions; the\npossibility that the anticipated benefits from acquisitions cannot be fully\nrealized in a timely manner or at all, or that integrating the acquired\noperations will be more difficult, disruptive or costly than anticipated;\ncontaining costs and expenses; reliance on significant customer relationships;\nan interruption or cessation of an important service by a third-party\nprovider; our ability to attract and retain talented executives and other\nemployees; general economic or business conditions, including the strength of\nregional economic conditions in our market area; ESG practices and\ndisclosures, including climate change, hiring practices, the diversity of the\nwork force and racial and social justice issues; deterioration of the housing\nmarket and reduced demand for mortgages; deterioration in the overall\nmacroeconomic conditions or the state of the banking industry that could\nwarrant further analysis of the carrying value of goodwill and could result in\nan adjustment to its carrying value resulting in a non-cash charge to net\nincome; the stability of our core deposit base and access to contingency\nfunding; re-emergence of turbulence in significant portions of the global\nfinancial and real estate markets that could impact our performance, both\ndirectly, by affecting our revenues and the value of our assets and\nliabilities, and indirectly, by affecting the economy generally and access to\ncapital in the amounts, at the times and on the terms required to support our\nfuture businesses and geopolitical tensions and conflicts between nations.\n\nMany of these factors, as well as other factors, are described in our Annual\nReport on Form 10-K for the year ended December 31, 2025, including Part I,\nItem 1A-\"Risk Factors\" and any of our subsequent filings with the SEC.\nForward-looking statements are based on beliefs and assumptions using\ninformation available at the time the statements are made. We caution you not\nto unduly rely on forward-looking statements because the assumptions, beliefs,\nexpectations and projections about future events may, and often do, differ\nmaterially from actual results. Any forward-looking statement speaks only as\nto the date on which it is made, and we undertake no obligation to update any\nforward-looking statement to reflect developments occurring after the\nstatement is made.\n\nNon-GAAP Financial Measures\n\nIn addition to traditional measures presented in accordance with GAAP, our\nmanagement uses, and this information contains or references, certain non-GAAP\nfinancial measures, such as tangible book value, return on average tangible\nshareholder's equity, PPNR to average assets, efficiency ratio on an FTE\nbasis, tangible common equity to tangible assets and net interest margin on an\nFTE basis. We believe these non-GAAP financial measures provide information\nuseful to investors in understanding our underlying operational performance\nand our business and performance trends as they facilitate comparisons with\nthe performance of other companies in the financial services industry.\nAlthough we believe that these non-GAAP financial measures enhance investors'\nunderstanding of our business and performance, these non-GAAP financial\nmeasures should not be considered alternatives to GAAP or considered to be\nmore important than financial results determined in accordance with GAAP, nor\nare they necessarily comparable with non-GAAP measures which may be presented\nby other companies. See Definitions and Reconciliation of GAAP to Non-GAAP\nFinancial Measures for more information related to these financial measures.\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands, except per share data) Quarter Quarter Quarter\n INTEREST AND DIVIDEND INCOME\n Loans, including fees $115,294 $120,356 $114,340\n Investment Securities:\n Taxable 10,760 10,426 10,073\n Tax-exempt 34 34 157\n Dividends 245 297 278\n Total Interest and Dividend Income 126,333 131,113 124,848\n\n INTEREST EXPENSE\n Deposits 35,686 37,296 38,354\n Borrowings, junior subordinated debt securities and other 2,211 2,857 3,171\n Total Interest Expense 37,897 40,153 41,525\n\n NET INTEREST INCOME 88,436 90,960 83,323\n Provision for credit losses 1,327 5,696 (3,040)\n Net Interest Income After Provision for Credit Losses 87,109 85,264 86,363\n\n NONINTEREST INCOME\n Loss on sale of securities — — (2,295)\n Debit and credit card 4,283 4,805 4,188\n Service charges on deposit accounts 4,196 4,206 3,962\n Investment services and trust 3,369 3,203 3,084\n Other 1,794 2,117 1,490\n Total Noninterest Income 13,642 14,331 10,429\n\n NONINTEREST EXPENSE\n Salaries and employee benefits 31,356 32,707 29,853\n Data processing and information technology 5,158 5,079 4,930\n Occupancy 4,592 3,855 4,302\n Furniture, equipment and software 3,492 3,453 3,483\n Other taxes 2,063 1,931 1,494\n Marketing 1,467 1,546 1,615\n Professional services and legal 1,245 1,228 1,286\n FDIC insurance 1,073 1,062 1,040\n Other noninterest expense 6,261 6,315 7,088\n Total Noninterest Expense 56,707 57,176 55,091\n Income Before Taxes 44,044 42,419 41,701\n Income tax expense 8,972 8,452 8,300\n Net Income $35,072 $33,967 $33,401\n\n Per Share Data\n Shares outstanding at end of period 36,259,649 37,402,705 38,261,299\n Average shares outstanding - diluted 37,177,888 38,136,813 38,599,656\n Diluted earnings per share $0.94 $0.89 $0.87\n Dividends declared per share $0.36 $0.36 $0.34\n Dividend yield (annualized) 3.44 % 3.66 % 3.67 %\n Dividends paid to net income 38.09 % 40.14 % 38.97 %\n Book value $39.46 $39.14 $37.06\n Tangible book value (non-GAAP)((1)) $29.11 $29.11 $27.24\n Market value $41.83 $39.35 $37.05\n\n Profitability Ratios (Annualized)\n Return on average assets 1.44 % 1.37 % 1.41 %\n Return on average shareholders' equity 9.77 % 9.13 % 9.67 %\n Return on average tangible shareholders' equity (non-GAAP)((2) ) 13.22 % 12.30 % 13.29 %\n Pre-provision net revenue / average assets (non-GAAP)((3)) 1.87 % 1.95 % 1.73 %\n Efficiency ratio (FTE) (non-GAAP)((4)) 55.23 % 53.99 % 56.99 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n ASSETS\n Cash and due from banks $339,059 $163,436 $211,836\n Securities available for sale, at fair value 1,009,518 987,659 1,011,111\n Loans held for sale 694 1,010 —\n Commercial loans:\n Commercial real estate 3,532,106 3,626,784 3,462,246\n Commercial and industrial 1,511,082 1,519,336 1,520,475\n Commercial construction 404,012 380,091 380,129\n Total Commercial Loans 5,447,200 5,526,211 5,362,850\n Consumer loans:\n Residential mortgage 1,689,731 1,710,351 1,670,750\n Home equity 711,235 707,966 660,594\n Installment and other consumer 83,951 91,280 98,165\n Consumer construction 27,265 36,149 43,990\n Total Consumer Loans 2,512,182 2,545,746 2,473,499\n Total Portfolio Loans 7,959,382 8,071,957 7,836,349\n Allowance for credit losses (93,271) (93,178) (99,010)\n Total Portfolio Loans, Net 7,866,111 7,978,779 7,737,339\n Federal Home Loan Bank and other restricted stock, at cost 11,724 16,030 13,445\n Goodwill 373,424 373,424 373,424\n Other Intangible assets, net 2,069 2,251 2,813\n Other assets 341,404 348,391 368,308\n Total Assets $9,944,003 $9,870,980 $9,718,276\n\n LIABILITIES\n Deposits:\n Noninterest-bearing demand $2,273,411 $2,160,645 $2,164,491\n Interest-bearing demand 784,326 790,278 809,722\n Money market 2,264,777 2,196,998 2,210,081\n Savings 883,213 862,118 886,007\n Certificates of deposit 1,979,492 1,948,792 1,822,632\n Total Deposits 8,185,219 7,958,831 7,892,933\n\n Borrowings:\n Short-term borrowings 50,000 165,000 95,000\n Long-term borrowings 50,794 50,815 50,876\n Junior subordinated debt securities 49,493 49,478 49,433\n Total Borrowings 150,287 265,293 195,309\n Other liabilities 177,816 182,979 212,000\n Total Liabilities 8,513,322 8,407,103 8,300,242\n\n SHAREHOLDERS' EQUITY\n Total Shareholders' Equity 1,430,681 1,463,877 1,418,034\n Total Liabilities and Shareholders' Equity $9,944,003 $9,870,980 $9,718,276\n\n Capitalization Ratios\n Shareholders' equity / assets 14.39 % 14.83 % 14.59 %\n Tangible common equity / tangible assets (non-GAAP)((5)) 11.03 % 11.46 % 11.16 %\n Tier 1 leverage ratio 11.82 % 12.18 % 12.09 %\n Common equity tier 1 capital 14.18 % 14.32 % 14.67 %\n Risk-based capital - tier 1 14.49 % 14.62 % 14.99 %\n Risk-based capital - total 16.06 % 16.19 % 16.57 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Net Interest Margin (FTE) (non-GAAP) (QTD Averages)\n ASSETS\n Interest-bearing deposits with banks $153,396 3.70 % $112,524 3.98 % $128,739 4.46 %\n Securities, at fair value 997,037 3.78 % 985,200 3.80 % 990,414 3.59 %\n Loans held for sale 1,002 6.57 % 890 6.44 % 0 0.00 %\n Commercial real estate 3,579,903 5.80 % 3,625,455 5.87 % 3,395,599 5.82 %\n Commercial and industrial 1,513,557 6.25 % 1,491,942 6.54 % 1,535,235 6.69 %\n Commercial construction 387,412 6.42 % 348,987 7.34 % 374,881 6.95 %\n Total Commercial Loans 5,480,872 5.97 % 5,466,384 6.15 % 5,305,715 6.15 %\n Residential mortgage 1,701,695 5.37 % 1,701,279 5.33 % 1,660,177 5.21 %\n Home equity 707,856 5.90 % 700,194 6.22 % 653,113 6.30 %\n Installment and other consumer 87,693 7.39 % 92,748 7.73 % 99,402 7.97 %\n Consumer construction 30,124 6.69 % 40,868 6.75 % 45,157 6.86 %\n Total Consumer Loans 2,527,368 5.61 % 2,535,089 5.69 % 2,457,849 5.64 %\n Total Portfolio Loans 8,008,240 5.86 % 8,001,473 6.00 % 7,763,564 5.99 %\n Total Loans 8,009,242 5.86 % 8,002,363 6.00 % 7,763,564 5.99 %\n Total other earning assets 12,806 7.07 % 15,366 7.40 % 16,768 6.74 %\n Total Interest-earning Assets 9,172,481 5.60 % 9,115,453 5.74 % 8,899,485 5.70 %\n Noninterest-earning assets 692,974 694,161 727,176\n Total Assets $9,865,455 $9,809,614 $9,626,661\n\n LIABILITIES AND SHAREHOLDERS' EQUITY\n Interest-bearing demand $778,502 0.93 % $770,233 0.94 % $779,309 1.00 %\n Money market 2,245,922 2.60 % 2,202,015 2.75 % 2,088,346 2.97 %\n Savings 873,304 0.65 % 859,344 0.68 % 884,636 0.66 %\n Certificates of deposit 1,965,807 3.73 % 1,925,474 3.86 % 1,860,840 4.29 %\n Total Interest-bearing Deposits 5,863,535 2.47 % 5,757,066 2.57 % 5,613,131 2.77 %\n Short-term borrowings 74,162 3.99 % 119,293 4.32 % 117,722 4.63 %\n Long-term borrowings 50,805 3.80 % 50,826 3.80 % 50,886 3.80 %\n Junior subordinated debt securities 49,485 6.53 % 49,469 6.79 % 49,423 7.17 %\n Total Borrowings 174,452 4.66 % 219,588 4.75 % 218,031 5.01 %\n Total Other Interest-bearing Liabilities 22,862 3.69 % 22,736 3.95 % 43,926 4.40 %\n Total Interest-bearing Liabilities 6,060,849 2.54 % 5,999,390 2.66 % 5,875,088 2.87 %\n Noninterest-bearing liabilities 2,348,924 2,334,350 2,350,574\n Shareholders' equity 1,455,682 1,475,874 1,400,999\n Total Liabilities and Shareholders' Equity $9,865,455 $9,809,614 $9,626,661\n\n Net Interest Margin (FTE) (non-GAAP)((6)) 3.92 % 3.99 % 3.81 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Nonaccrual Loans\n Commercial loans: % Loans % Loans % Loans\n Commercial real estate $17,764 0.50 % $17,373 0.48 % $3,441 0.10 %\n Commercial and industrial 18,607 1.23 % 25,575 1.68 % 6,749 0.44 %\n Commercial construction 869 0.22 % 869 0.23 % 1,006 0.26 %\n Total Nonaccrual Commercial Loans 37,240 0.68 % 43,817 0.79 % 11,196 0.21 %\n Consumer loans:\n Residential mortgage 8,950 0.53 % 8,098 0.47 % 6,957 0.42 %\n Home equity 3,618 0.51 % 3,485 0.49 % 3,968 0.60 %\n Installment and other consumer 141 0.17 % 158 0.17 % 218 0.22 %\n Total Nonaccrual Consumer Loans 12,709 0.51 % 11,741 0.46 % 11,143 0.45 %\n Total Nonaccrual Loans $49,949 0.63 % $55,558 0.69 % $22,339 0.29 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Loan Charge-offs (Recoveries)\n Charge-offs $1,935 $12,482 $884\n Recoveries (248) (1,529) (911)\n Net Loan Charge-offs (Recoveries) $1,687 $10,953 ($27)\n\n Net Loan Charge-offs (Recoveries)\n Commercial loans:\n Commercial real estate $492 $7,510 ($146)\n Commercial and industrial 175 3,133 154\n Commercial construction — — 30\n Total Commercial Loan Charge-offs 667 10,643 38\n Consumer loans:\n Residential mortgage 27 46 13\n Home equity 236 (101) 19\n Installment and other consumer 757 365 (97)\n Total Consumer Loan Charge-offs (Recoveries) 1,020 310 (65)\n Total Net Loan Charge-offs (Recoveries) $1,687 $10,953 ($27)\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n Asset Quality Data\n Nonaccrual loans $49,949 $55,558 $22,339\n OREO — 57 29\n Total nonperforming assets 49,949 55,615 22,368\n Nonaccrual loans / total loans 0.63 % 0.69 % 0.29 %\n Nonperforming assets / total loans plus OREO 0.63 % 0.69 % 0.29 %\n Allowance for credit losses / total portfolio loans 1.17 % 1.15 % 1.26 %\n Allowance for credit losses / nonaccrual loans 187 % 168 % 443 %\n Net loan charge-offs $1,687 $10,953 ($27)\n Net loan charge-offs (annualized) / average loans 0.09 % 0.54 % 0.00 %\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:\n 2026 2025 2025\n First Fourth First\n (dollars in thousands, except per share data) Quarter Quarter Quarter\n ((1)) Tangible Book Value (non-GAAP)\n Total shareholders' equity $1,430,681 $1,463,877 $1,418,034\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,042,388\n Common shares outstanding 36,259,649 37,402,705 38,261,299\n Tangible book value (non-GAAP) $29.11 $29.11 $27.24\n Tangible book value is a preferred industry metric used to measure our\n company's value and commonly used by investors and analysts.\n\n ((2)) Return on Average Tangible Shareholders' Equity (non-GAAP)\n Net income (annualized) $142,236 $134,760 $135,460\n Plus: amortization of intangibles (annualized), net of tax 583 624 772\n Net income before amortization of intangibles (annualized) $142,819 $135,384 $136,232\n\n Average total shareholders' equity $1,455,682 $1,475,874 $1,400,999\n Less: average goodwill and other intangible assets, net of deferred tax (375,136) (375,279) (375,741)\n liability\n Average tangible equity (non-GAAP) $1,080,546 $1,100,595 $1,025,258\n Return on average tangible shareholders' equity (non-GAAP) 13.22 % 12.30 % 13.29 %\n Return on average tangible shareholders' equity is a preferred industry\n profitability metric used by management, as well as investors and analysts, to\n measure\n financial performance.\n\n ((3)) Pre-provision Net Revenue / Average Assets (non-GAAP)\n Income before taxes $44,044 $42,419 $41,701\n Plus: net loss on sale of securities — — 2,295\n Plus: Provision for credit losses 1,327 5,696 (3,040)\n Total $45,371 $48,115 $40,956\n Total (annualized) (non-GAAP) $184,005 $190,891 $166,099\n Average assets $9,865,455 $9,809,614 $9,626,661\n Pre-provision Net Revenue / Average Assets (non-GAAP) 1.87 % 1.95 % 1.73 %\n Pre-provision net revenue to average assets is income before taxes adjusted to\n exclude provision for credit losses, losses (gains) on sale of securities and\n gain on Visa\n exchange. We believe this to be a preferred industry measurement to help\n management, as well as investors and analysts, evaluate our ability to fund\n credit losses\n or build capital.\n\n ((4)) Efficiency Ratio (FTE) (non-GAAP)\n Noninterest expense $56,707 $57,176 $55,091\n\n Net interest income per consolidated statements of net income $88,436 $90,960 $83,323\n Plus: taxable equivalent adjustment 590 605 617\n Net interest income (FTE) (non-GAAP) 89,026 91,565 83,940\n Noninterest income 13,642 14,331 10,429\n Plus: net loss on sale of securities — — 2,295\n Net interest income (FTE) (non-GAAP) plus noninterest income $102,668 $105,896 $96,664\n Efficiency ratio (FTE) (non-GAAP) 55.23 % 53.99 % 56.99 %\n The efficiency ratio is noninterest expense divided by noninterest income plus\n net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses\n (gains) on\n sale of securities and gain on Visa exchange. We believe the FTE basis ensures\n comparability of net interest income arising from both taxable and tax-exempt\n sources\n and is consistent with industry practice.\n\n S&T Bancorp, Inc.\n\nConsolidated Selected Financial Data\n\nUnaudited\n Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:\n 2026 2025 2025\n First Fourth First\n (dollars in thousands) Quarter Quarter Quarter\n ((5)) Tangible Common Equity / Tangible Assets (non-GAAP)\n Total shareholders' equity $1,430,681 $1,463,877 $1,418,034\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible common equity (non-GAAP) $1,055,622 $1,088,675 $1,042,388\n\n Total assets $9,944,003 $9,870,980 $9,718,276\n Less: goodwill and other intangible assets, net of deferred tax liability (375,059) (375,202) (375,646)\n Tangible assets (non-GAAP) $9,568,944 $9,495,778 $9,342,630\n Tangible common equity to tangible assets (non-GAAP) 11.03 % 11.46 % 11.16 %\n Tangible common equity to tangible assets is a preferred industry measurement\n to evaluate capital adequacy.\n\n ((6)) Net Interest Margin (FTE) (non-GAAP)\n Interest income and dividend income $126,333 $131,113 $124,848\n Less: interest expense (37,897) (40,153) (41,525)\n Net interest income per consolidated statements of net income 88,436 90,960 83,323\n Plus: taxable equivalent adjustment 590 605 617\n Net interest income (FTE) (non-GAAP) $89,026 $91,565 $83,940\n Net interest income (FTE) (annualized) $361,050 $363,274 $340,423\n Average interest-earning assets $9,172,481 $9,115,453 $8,899,485\n Net interest margin (FTE) (non-GAAP) 3.92 % 3.99 % 3.81 %\n The interest income on interest-earning assets, net interest income and net\n interest margin are presented on an FTE basis (non-GAAP). The FTE basis\n (non-GAAP)\n adjusts for the tax benefit of income on certain tax-exempt loans and\n securities and the dividend-received deduction for equity securities using the\n federal statutory\n tax rate of 21 percent for each period. We believe this to be the preferred\n industry measurement of net interest income that provides a relevant\n comparison between\n taxable and non-taxable sources of interest income.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-first-quarter-2026-results-302750868.html\n(https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-first-quarter-2026-results-302750868.html)\n\nSOURCE S&T Bancorp, Inc.\n\n\n\nMark Kochvar, S&T Bancorp, Inc., Chief Financial Officer, 724.465.4826, mark.kochvar@stbank.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/460749/S_T_BANCORP__INC__LOGO_V1.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-23T11:30:00.386541092Z","server_sent_at_ms":1776943800386},"received_at":"2026-04-23T11:30:00.506Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}