S&T Bancorp Inc 8-K, filed Oct 22, 2026

S&T Bancorp Inc (STBA)

8-K 2026-10-22 For: 2026-10-22

Added on October 22, 2026

About this 8-K

S&T Bancorp Inc filed this 8-K on October 22, 2026.

S&T Bancorp, Inc. reported third quarter of 2026 net income of $38.6 million and record diluted earnings per share of $1.09. Net interest margin expanded 7 basis points to 4.06%, while nonperforming assets declined $3.7 million to $36.5 million. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $2.50 par value	STBA	NASDAQ Global Select Market


Exhibit No.						Description of Exhibit
99.1						Earnings Press Release
99.2						Supplemental Information

104						Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)


	2026		2026		2025
	Third		Second		Third
(dollars in thousands, except per share data)	Quarter		Quarter		Quarter
INTEREST AND DIVIDEND INCOME
Loans, including fees	$120,227		$116,960		$120,321
Investment Securities:
Taxable	11,194		10,756		10,994
Tax-exempt	51		34		34
Dividends	280		309		274
Total Interest and Dividend Income	131,752		128,059		131,623

INTEREST EXPENSE
Deposits	36,372		35,399		39,864
Borrowings, junior subordinated debt securities and other	2,250		2,280		2,518
Total Interest Expense	38,622		37,679		42,382

NET INTEREST INCOME	93,130		90,380		89,241
Provision for credit losses	1,411		1,112		2,792
Net Interest Income After Provision for Credit Losses	91,719		89,268		86,449

NONINTEREST INCOME
Gain on sale of securities	—		169		—
Debit and credit card	4,764		4,695		4,722
Service charges on deposit accounts	4,456		4,290		4,175
Investment services and trust	3,727		3,563		3,118
Other	1,716		2,143		1,748
Total Noninterest Income	14,663		14,860		13,763

NONINTEREST EXPENSE
Salaries and employee benefits	32,654		32,680		32,180
Data processing and information technology	5,036		5,163		4,901
Occupancy	3,990		4,074		4,014
Furniture, equipment and software	3,644		3,524		3,225
Other taxes	2,196		1,773		2,088
Professional services and legal	1,432		1,286		1,199
Marketing	1,325		1,876		1,255
FDIC insurance	1,080		1,074		1,071
Other noninterest expense	6,284		7,214		6,443
Total Noninterest Expense	57,641		58,664		56,376
Income Before Taxes	48,741		45,464		43,836
Income tax expense	10,138		8,821		8,874
Net Income	$38,603		$36,643		$34,962

Per Share Data
Shares outstanding at end of period	35,266,564		35,264,936		38,350,500
Average shares outstanding - diluted	35,559,299		36,010,449		38,595,118
Diluted earnings per share	$1.09		$1.02		$0.91
Dividends declared per share	$0.37		$0.37		$0.34
Dividend yield (annualized)	3.06	%	3.02	%	3.62	%
Dividends paid to net income	33.82	%	36.40	%	37.35	%
Book value	$39.91		$39.81		$38.47
Tangible book value (non-GAAP)(1)	$29.28		$29.18		$28.69
Market value	$48.37		$49.08		$37.59

Profitability Ratios (Annualized)
Return on average assets	1.55	%	1.49	%	1.42	%
Return on average shareholders' equity	10.84	%	10.37	%	9.48	%
Return on average tangible shareholders' equity (non-GAAP)(2)	14.81	%	14.15	%	12.81	%
Pre-provision net revenue / average assets (non-GAAP)(3)	2.01	%	1.89	%	1.89	%
Efficiency ratio (FTE) (non-GAAP)(4)	53.23	%	55.52	%	54.41	%


	Nine Months Ended September 30,
(dollars in thousands, except per share data)	2026		2025
INTEREST AND DIVIDEND INCOME
Loans, including fees	$352,481		$352,357
Investment Securities:
Taxable	32,710		31,913
Tax-exempt	119		226
Dividends	834		881
Total Interest and Dividend Income	386,144		385,377

INTEREST EXPENSE
Deposits	107,457		117,274
Borrowings, junior subordinated debt securities and other	6,741		8,967
Total Interest Expense	114,198		126,241

NET INTEREST INCOME	271,946		259,136
Provision for credit losses	3,850		1,726
Net Interest Income After Provision for Credit Losses	268,096		257,410

NONINTEREST INCOME
Gain (loss) on sale of securities	169		(2,295)
Debit and credit card	13,742		13,498
Service charges on deposit accounts	12,942		12,227
Investment services and trust	10,659		9,244
Other	5,653		5,018
Total Noninterest Income	43,165		37,692

NONINTEREST EXPENSE
Salaries and employee benefits	96,690		94,940
Data processing and information technology	15,357		14,678
Occupancy	12,656		12,340
Furniture, equipment and software	10,660		10,060
Other Taxes	6,032		5,670
Marketing	4,668		4,360
Professional services and legal	3,963		4,224
FDIC insurance	3,227		3,173
Other noninterest expense	19,759		20,136
Total Noninterest Expense	173,012		169,581
Income Before Taxes	138,249		125,521
Income tax expense	27,931		25,258

Net Income	$110,318		$100,263

Per Share Data
Average shares outstanding - diluted	36,243,384		38,611,041
Diluted earnings per share	$3.04		$2.60
Dividends declared per share	$1.10		$1.02
Dividends paid to net income	36.04	%	39.15	%

Profitability Ratios (annualized)
Return on average assets	1.50	%	1.38	%
Return on average shareholders' equity	10.32	%	9.35	%
Return on average tangible shareholders' equity (non-GAAP)(5)	14.05	%	12.73	%
Pre-provision net revenue / average assets (non-GAAP)(6)	1.92	%	1.78	%
Efficiency ratio (FTE) (non-GAAP)(7)	54.65	%	56.35	%


	2026		2026		2025
	Third		Second		Third
(dollars in thousands)	Quarter		Quarter		Quarter
ASSETS
Cash and due from banks	$192,223		$217,819		$196,228
Securities available for sale, at fair value	984,444		1,013,305		1,001,149
Loans held for sale	574		4,695		—
Commercial loans:
Commercial real estate	3,550,690		3,485,893		3,653,790
Commercial and industrial	1,538,964		1,590,086		1,466,075
Commercial construction	449,889		475,450		320,190
Total Commercial Loans	5,539,543		5,551,429		5,440,055
Consumer loans:
Residential mortgage	1,680,848		1,674,052		1,700,636
Home equity	735,975		727,702		698,886
Installment and other consumer	77,148		80,086		102,600
Consumer construction	20,505		25,117		38,830
Total Consumer Loans	2,514,476		2,506,957		2,540,952
Total Portfolio Loans	8,054,019		8,058,386		7,981,007
Allowance for credit losses	(93,252)		(93,320)		(98,155)
Total Portfolio Loans, Net	7,960,767		7,965,066		7,882,852
Federal Home Loan Bank and other restricted stock, at cost	14,318		16,796		15,042
Goodwill	373,424		373,424		373,424
Other Intangible assets, net	1,707		1,887		2,450
Other assets	362,034		351,021		346,338
Total Assets	$9,889,491		$9,944,013		$9,817,483

LIABILITIES
Deposits:
Noninterest-bearing demand	$2,223,912		$2,256,542		$2,188,699
Interest-bearing demand	771,052		769,495		745,904
Money market	2,186,099		2,183,937		2,194,702
Savings	873,656		881,967		868,019
Certificates of deposit	2,009,172		1,994,142		1,924,619
Total Deposits	8,063,891		8,086,083		7,921,943

Borrowings:

Short-term borrowings	165,000		200,000		135,000
Long-term borrowings	751		25,773		50,836
Junior subordinated debt securities	49,523		49,508		49,463
Total Borrowings	215,274		275,281		235,299
Other liabilities	202,992		178,834		184,775
Total Liabilities	8,482,157		8,540,198		8,342,017

SHAREHOLDERS’ EQUITY
Total Shareholders’ Equity	1,407,334		1,403,815		1,475,466
Total Liabilities and Shareholders’ Equity	$9,889,491		$9,944,013		$9,817,483

Capitalization Ratios
Shareholders' equity / assets	14.23	%	14.12	%	15.03	%
Tangible common equity / tangible assets (non-GAAP)(9)	10.85	%	10.75	%	11.65	%
Tier 1 leverage	11.79	%	11.58	%	12.33	%
Common equity tier 1 - risk-based capital	14.02	%	13.64	%	14.75	%
Tier 1 - risk-based capital	14.32	%	13.95	%	15.06	%
Total - risk-based capital	15.89	%	15.51	%	16.63	%


			S&T Bancorp, Inc.
			/s/ Mark Kochvar
October 22, 2026			Mark Kochvar Senior Executive Vice President, Chief Financial Officer


INVESTOR CONTACT: Mark Kochvar S&T Bancorp, Inc. Chief Financial Officer 724.465.4826 mark.kochvar@stbank.com


	2026		2026		2025
	Third		Second		Third
(dollars in thousands)	Quarter		Quarter		Quarter
Net Interest Margin (FTE) (non-GAAP) (QTD Averages)
ASSETS
Interest-bearing deposits with banks	$115,584	3.74%	$127,429	3.69%	$128,236	4.43%
Securities, at fair value	999,252	4.08%	1,007,484	3.83%	1,011,624	3.80%
Loans held for sale	2,660	6.60%	2,034	6.47%	18	6.88%
Commercial real estate	3,498,095	5.98%	3,503,981	5.90%	3,564,071	5.86%
Commercial and industrial	1,572,162	6.24%	1,555,118	6.18%	1,485,816	6.78%
Commercial construction	482,988	6.39%	433,427	6.40%	379,167	6.97%
Total Commercial Loans	5,553,245	6.09%	5,492,526	6.02%	5,429,054	6.19%
Residential mortgage	1,669,190	5.46%	1,672,326	5.39%	1,688,697	5.33%
Home equity	731,173	5.86%	720,484	5.91%	687,639	6.35%
Installment and other consumer	77,549	7.42%	82,452	7.43%	100,551	7.85%
Consumer construction	24,565	6.57%	27,370	6.61%	40,612	6.73%
Total Consumer Loans	2,502,477	5.65%	2,502,632	5.62%	2,517,499	5.73%
Total Portfolio Loans	8,055,722	5.95%	7,995,158	5.89%	7,946,553	6.04%
Total Loans	8,058,382	5.95%	7,997,192	5.89%	7,946,571	6.04%
Total other earning assets	13,230	7.96%	13,772	8.40%	13,808	7.63%
Total Interest-earning Assets	9,186,448	5.73%	9,145,877	5.64%	9,100,239	5.77%
Noninterest-earning assets	696,156		694,086		699,840
Total Assets	$9,882,604		$9,839,963		$9,800,079

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand	$762,711	0.93%	$777,216	0.94%	$742,817	0.99%
Money market	2,224,318	2.64%	2,185,936	2.57%	2,247,331	3.06%
Savings	878,006	0.72%	879,391	0.67%	873,968	0.72%
Certificates of deposit	2,003,793	3.61%	1,994,523	3.64%	1,915,006	3.96%
Total Interest-bearing Deposits	5,868,828	2.46%	5,837,066	2.43%	5,779,122	2.74%

Short-term borrowings	90,978	3.92%	106,209	3.86%	73,538	4.53%
Long-term borrowings	24,947	3.76%	25,783	3.76%	50,846	3.80%
Junior subordinated debt securities	49,514	6.50%	49,499	6.47%	49,454	7.08%
Total Borrowings	165,439	4.67%	181,491	4.56%	173,838	5.04%
Total Other Interest-bearing Liabilities	32,095	3.72%	23,602	3.69%	28,049	4.36%
Total Interest-bearing Liabilities	6,066,362	2.53%	6,042,159	2.50%	5,981,009	2.81%
Noninterest-bearing liabilities	2,403,433		2,379,939		2,355,972
Shareholders' equity	1,412,809		1,417,865		1,463,098


	Nine Months Ended September 30,
(dollars in thousands)	2026		2025
Net Interest Margin (FTE) (non-GAAP) (YTD Averages)
ASSETS
Interest-bearing deposits with banks	$131,998	3.71%	$125,708	4.45%
Securities, at fair value	1,001,266	3.90%	1,004,633	3.73%
Loans held for sale	1,905	6.53%	7	6.23%
Commercial real estate	3,527,027	5.89%	3,479,614	5.85%
Commercial and industrial	1,547,160	6.22%	1,513,214	6.73%
Commercial construction	434,959	6.40%	378,819	6.95%
Total Commercial Loans	5,509,146	6.03%	5,371,647	6.18%
Residential mortgage	1,680,951	5.41%	1,674,472	5.27%
Home equity	719,923	5.89%	670,399	6.34%
Installment and other consumer	82,527	7.41%	99,839	7.90%
Consumer construction	27,333	6.63%	42,248	6.81%
Total Consumer Loans	2,510,734	5.63%	2,486,958	5.69%
Total Portfolio Loans	8,019,880	5.90%	7,858,605	6.02%
Total Loans	8,021,785	5.90%	7,858,612	6.02%
Total other earning assets	13,270	7.82%	15,694	7.34%
Total Interest-earning Assets	9,168,319	5.65%	9,004,647	5.75%
Noninterest-earning assets	694,418		713,016
Total Assets	$9,862,737		$9,717,663

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand	$772,752	0.93%	$761,804	1.00%
Money market	2,218,646	2.60%	2,175,399	3.02%
Savings	876,917	0.68%	879,645	0.69%
Certificates of deposit	1,988,180	3.66%	1,882,923	4.11%
Total Interest-bearing deposits	5,856,495	2.45%	5,699,771	2.75%

Short-term borrowings	90,511	3.92%	108,811	4.61%
Long-term borrowings	33,750	3.78%	50,866	3.80%
Junior subordinated debt securities	49,500	6.50%	49,439	7.12%
Total Borrowings	173,761	4.63%	209,116	5.01%
Total Other Interest-bearing Liabilities	26,220	3.70%	34,667	4.39%
Total Interest-bearing Liabilities	6,056,476	2.52%	5,943,554	2.84%
Noninterest-bearing liabilities	2,377,632		2,340,420
Shareholders' equity	1,428,629		1,433,689
Total Liabilities and Shareholders' Equity	$9,862,737		$9,717,663


	2026		2026		2025
	Third		Second		Third
(dollars in thousands)	Quarter		Quarter		Quarter
Nonaccrual Loans
Commercial loans:		% Loans		% Loans		% Loans
Commercial real estate	$7,985	0.23%	$9,354	0.27%	$27,964	0.77%
Commercial and industrial	14,042	0.91%	16,836	1.06%	9,826	0.67%
Commercial construction	—	—%	—	—%	869	0.27%

Total Nonaccrual Commercial Loans	22,027	0.40%	26,190	0.47%	38,659	0.71%
Consumer loans:
Residential mortgage	10,210	0.61%	10,027	0.60%	7,005	0.41%
Home equity	4,062	0.55%	3,859	0.53%	3,790	0.54%
Installment and other consumer	155	0.20%	140	0.18%	164	0.16%

Total Nonaccrual Consumer Loans	14,427	0.57%	14,026	0.56%	10,959	0.43%
Total Nonaccrual Loans	$36,454	0.45%	$40,216	0.50%	$49,618	0.62%


	2026		2026		2025
	Third		Second		Third
(dollars in thousands)	Quarter		Quarter		Quarter
Asset Quality Data
Nonaccrual loans	$36,454		$40,216		$49,618
OREO	29		—		8
Total nonperforming assets	36,483		40,216		49,626
Nonaccrual loans / total loans	0.45	%	0.50	%	0.62	%
Nonperforming assets / total loans plus OREO	0.45	%	0.50	%	0.62	%
Allowance for credit losses / total portfolio loans	1.16	%	1.16	%	1.23	%
Allowance for credit losses / nonaccrual loans	256	%	232	%	198	%
Net loan charge-offs	$2,062		$995		$2,414
Net loan charge-offs (annualized) / average loans	0.10	%	0.05	%	0.12	%