Quarterly ResultJul 23, 2026, 07:26 AM
S&T Bancorp Q2 EPS $1.02; Authorizes $100M Buyback
AI Summary
S&T Bancorp reported strong second quarter 2026 results with diluted earnings per share of $1.02, an increase of 8.5% quarter-over-quarter and 22.9% year-over-year. Net income reached $36.6 million, driven by solid return metrics and loan growth. Concurrently, the company's board authorized a new $100 million share repurchase program, replacing the existing one, to expire in August 2027.
Key Highlights
- Q2 2026 diluted EPS increased to $1.02, up 8.5% from Q1 2026 and 22.9% from Q2 2025.
- Net income for Q2 2026 was $36.6 million, up from $35.1 million in Q1 2026.
- Board authorized a new $100 million share repurchase program expiring August 31, 2027.
- Return on average assets (ROA) was 1.49%, and return on average tangible shareholders' equity (ROTE) was 14.15%.
- Net interest margin (FTE) expanded 7 basis points to 3.99%.
- Total portfolio loans increased $99.0 million, or 5.0% annualized.
- Nonperforming assets (NPAs) decreased $9.7 million to $40.2 million, or 0.50% of total loans.
- Repurchased 1,074,924 shares for $47.6 million in Q2 2026.
Price Impact
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