S&T Bancorp ( (STBA) ) has released its Q1 earnings. Here is a breakdown of the information S&T Bancorp presented to its investors.
S&T Bancorp, Inc. is a bank holding company headquartered in Indiana, Pennsylvania, operating primarily in Pennsylvania and Ohio, and is listed on the NASDAQ under the symbol STBA. The company recently announced its first-quarter 2025 financial results, reporting a net income of $33.4 million, or $0.87 per diluted share, showing a slight increase from the previous quarter and the same quarter last year.
Key highlights from the earnings report include strong return metrics with a return on average assets of 1.41% and a return on average equity of 9.67%. The net interest margin increased to 3.81%, and total portfolio loans grew by $93.4 million. Additionally, total deposits saw an increase of $109.8 million, driven by customer deposit growth. Asset quality remained robust with a decrease in nonperforming assets and a negative provision for credit losses.
The company maintained stable net interest income at $83.3 million, while noninterest income saw a slight decrease due to seasonal factors affecting customer activity. Despite this, S&T Bancorp managed to keep noninterest expenses consistent, demonstrating effective cost management.
Looking ahead, S&T Bancorp’s management remains focused on supporting customers and executing growth-oriented strategies, positioning the company well for future financial performance in a challenging economic environment.