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S&T Bancorp (STBA)
NASDAQ:STBA
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.81Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 4.38%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record earnings per share, robust capital levels, and continued deposit growth, alongside improvements in asset quality. However, there are slight concerns with the decline in net interest margin and income, and higher loan payoffs. Overall, the sentiment is optimistic about future growth opportunities and the company's ability to manage current challenges.Company Guidance
The guidance provided during the S&T Bancorp Fourth Quarter and Full Year 2024 Conference Call was optimistic, with several key metrics highlighted. The company reported $3.41 per share in earnings for the year, with strong returns and record capital levels, reflecting excellent financial performance. In the fourth quarter, net income was $33 million, equating to $0.86 per share, with a return on tangible common equity (ROTCE) of 13.25% and a return on assets (ROA) of 1.37%. The pre-provision net revenue (PPNR) remained solid at 1.72%. Despite a slight decrease in net interest income and a net interest margin of 3.77%, asset quality continued to improve, with the allowance for credit losses (ACL) declining to 1.31% of total loans. Loan growth was robust, just under 3% for the quarter, and deposit growth exceeded $75 million, marking the sixth consecutive quarter of significant deposit growth. The company anticipates mid-single-digit loan growth in the first half of 2025 and high mid-single-digit growth for the full year. Overall, S&T Bancorp expressed confidence in its performance and growth prospects heading into 2025.Record Earnings Per Share
S&T produced $3.41 per share in earnings for the year, marking another year of strong financial performance.
Strong Capital Levels
Capital levels were built to record levels, providing a strong foundation for future growth.
Continued Deposit Growth
Customer deposit growth was over $75 million in Q4, representing over 4% growth annualized and marking the sixth consecutive quarter of meaningful deposit growth.
Asset Quality Improvement
Allowance for credit losses declined from 1.36% to 1.31% of total loans. Nonperforming assets decreased by $4 million, and criticized and classified loans declined by 31% in 2024.
Loan Growth and Pipeline Expansion
Loan growth was just under 3% for the quarter with strong new loan production. Expanded pipelines in Business Banking and Commercial segments led to a doubling of those pipelines year-over-year.
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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 |
|---|---|---|---|
| Jan 30, 2025 | $37.71 | $38.05 | +0.90% |
| Oct 17, 2024 | $41.51 | $40.66 | -2.05% |
| Jul 18, 2024 | $38.82 | $38.58 | -0.62% |
| Apr 18, 2024 | $28.19 | $28.34 | +0.53% |
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 Apr 17, 2025, TBA Not Confirmed.
What is S&T Bancorp (STBA) earnings time?
S&T Bancorp (STBA) earnings time is at Apr 17, 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 2025 (Q1) is 0.75.
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