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S&T Bancorp (STBA)
NASDAQ:STBA
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.77Last Year’s EPS
0.96Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: -10.72%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. While the company showed strong deposit growth and improved asset quality, it faced challenges with declining loan balances, slight net interest margin compression, and increased noninterest expenses. The overall sentiment is neutral, with balanced highlights and lowlights.Company Guidance
During the S&T Bancorp Q3 2024 earnings call, the company highlighted several key performance metrics and provided guidance for the future. Net income for the quarter was reported at $33 million, translating to $0.85 per share. The return on average tangible common equity (ROTCE) stood at 13.5% and return on assets (ROA) at 1.35%, while pre-provision net revenue (PPNR) was 1.69%. The net interest margin (NIM) was strong at 3.82%, although it experienced a slight decline. Customer deposits grew impressively, over $100 million within the quarter, producing an annualized growth rate of more than 5%. Despite a reduction in loan balances by nearly $25 million, the company projects loan growth in the low to mid-single digits for Q4 and targets mid-single-digit growth for 2025. The allowance for credit losses (ACL) decreased to 1.36% of total loans, supported by a decline in nonperforming assets to $31.9 million. The company is cautiously optimistic about navigating a potential 200 basis point rate cut by the Fed through 2025, expecting net interest margin stability to find equilibrium in the low 3.70s.Strong Deposit Growth
Customer deposit growth exceeded $100 million in the quarter, producing over 5% growth annualized.
Improved Asset Quality
Nonperforming assets declined by $3 million to $31.9 million, representing 41 basis points of total loans. Criticized and classified assets decreased by 3% during the quarter.
Stable Capital Position
TCE ratio increased by 64 basis points, positioning the company well for future growth opportunities.
Positive Net Interest Income
Net interest income improved by $900,000 compared to the last quarter due to solid deposit growth.
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STBA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STBA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $41.87 | $41.01 | -2.05% |
| Jul 18, 2024 | $39.16 | $38.91 | -0.64% |
| Apr 18, 2024 | $28.44 | $28.58 | +0.49% |
| Jan 25, 2024 | $33.03 | $32.71 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does S&T Bancorp (STBA) report earnings?
S&T Bancorp (STBA) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is S&T Bancorp (STBA) earnings time?
S&T Bancorp (STBA) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STBA EPS forecast?
STBA EPS forecast for the fiscal quarter 2024 (Q4) is 0.77.
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