Quarterly ResultMay 8, 2026, 06:07 AM
S&T Bancorp Q1 Net Income +5% to $35.07M; EPS $0.95
AI Summary
S&T Bancorp reported a 5% increase in net income to $35.07 million for the first quarter of 2026, with basic earnings per share rising to $0.95. Net interest income grew by 6.14% to $88.44 million, while total deposits increased by 2.84% quarter-over-quarter to $8.19 billion. The company also declared a dividend of $0.36 per share and repurchased $50.17 million in common stock.
Key Highlights
- Net income increased 5.00% to $35.07 million for Q1 2026.
- Basic EPS rose 9.20% to $0.95 for the quarter.
- Net interest income grew 6.14% to $88.44 million.
- Total deposits increased 2.84% to $8.19 billion as of March 31, 2026.
- Total assets reached $9.94 billion, up 0.74% from December 31, 2025.
- Declared cash dividend of $0.36 per share for Q1 2026.
- Repurchased 1,146,100 shares of common stock for $50.17 million.
- Provision for credit losses was $1.33 million, compared to a $(3.04) million release in Q1 2025.