Quarterly ResultMay 4, 2026, 02:06 PM
S&T Bancorp Q1 Net Income $35.1M, EPS $0.94; Deposits +11.5%
AI Summary
S&T Bancorp reported solid first-quarter 2026 results with net income of $35.1 million and diluted EPS of $0.94. The company achieved strong deposit growth of $226.4 million, an 11.5% annualized increase, while loans declined by $112.6 million. Asset quality improved, and the company increased its quarterly cash dividend to $0.37 per share, alongside ongoing share repurchases.
Key Highlights
- Net income for Q1 2026 was $35.1 million, with diluted earnings per share of $0.94.
- Deposit growth was $226.4 million, an 11.5% annualized increase in Q1 2026.
- Loans declined by $112.6 million, a 5.7% annualized decrease in Q1 2026.
- Net Interest Margin (FTE) was strong at 3.92% for Q1 2026.
- Nonperforming assets decreased by $5.7 million to $49.9 million (0.63% of total loans).
- Approved a cash dividend of $0.37 per share, up 2.78% from Q4 2025.
- Repurchased 2,094,370 shares for $85.8 million in 4Q25 and 1Q26.
- Maintains strong capital with Tier 1 Leverage at 11.82% and Total Risk-Based Capital at 16.06%.
Price Impact
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