S&T Bancorp, Inc. Announces Third Quarter 2026 Results

Record Third Quarter 2026 Earnings Per Share INDIANA, Pa., Oct. 22, 2026 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $38.6 million for the third quarter of 2026 compared to $36.6 million for the second quarter of 2026 and $35.0 million for the third quarter of 2025. Diluted earnings per share was a record high of $1.09 for the third quarter of 2026, an increase of $0.07, or 6.9%, compared to $1.02 for the second quarter of 2026 and an increase of $0.18, or 19.8%, compared to $0.91 for the third quarter of 2025. Diluted earnings per share growth was due to both higher net income and share repurchases of 8.3% of outstanding shares since September 30, 2025. Third Quarter of 2026 Highlights: Strong return metrics with return on average assets (ROA) of 1.55%, return on average equity (ROE) of 10.84% and return on average tangible shareholders' equity (ROTE) (non-GAAP) of 14.81% compared to ROA of 1.49%, ROE of 10.37% and ROTE (non-GAAP) of 14.15% for the second quarter of 2026. Pre-provision net revenue to average assets (PPNR) (non-GAAP) increased 12 basis points to 2.01% compared to 1.89% for the second quarter of 2026. Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP) expanded 7 basis points to 4.06% compared to 3.99% in the second quarter of 2026. Net charge-offs were $2.1 million, or 0.10% of average loans, compared to net charge-offs of $1.0 million, or 0.05% of average loans, in the second quarter of 2026. Nonperforming assets (NPAs) decreased $3.7 million to $36.5 million, or 0.45% of total loans plus other real estate owned (OREO), compared to $40.2 million, or 0.50%, at June 30, 2026. "Our results reflect another strong quarter, highlighted by record earnings per share, record revenue and higher core profitability," said Chris McComish, chief executive officer. "We delivered broad-based strength across our income statement which reflects our disciplined operating strategy and continued focus on creating shareholder value. We believe we are well-positioned to build on this momentum and capitalize on future opportunities." Net Interest Income Net interest income was $93.1 million in the third quarter of 2026 compared to $90.4 million in the second quarter of 2026. NIM (FTE) (non-GAAP) increased 7 basis points to 4.06% compared to 3.99% in the prior quarter. The increase in net interest income was primarily due to higher yields on interest-earning assets and one additional day in the third quarter compared to the second quarter. The yield on average interest-earning assets increased 9 basis points to 5.73% compared to 5.64% in the second quarter of 2026 primarily related to a higher yield on both average securities and average loans. The yield on total average loans increased 6 basis points to 5.95% compared to 5.89% in the prior quarter. Average total loan balances increased $61.2 million to $8.1 billion compared to $8.0 billion in the second quarter of 2026. Total interest-bearing liability costs increased 3 basis points to 2.53% compared to 2.50% in the second quarter of 2026 mainly due to a higher cost of deposits and borrowings. Average interest-bearing deposits increased $31.8 million to $5.9 billion compared to $5.8 billion in the prior quarter. Asset Quality The allowance for credit losses, or ACL, was unchanged at $93.3 million, or 1.16% of total portfolio loans, at both September 30, 2026 and June 30, 2026. The provision for credit losses was $1.4 million for the third quarter of 2026 compared to $1.1 million in the second quarter of 2026. Net loan charge-offs were $2.1 million, or 0.10% of average loans, compared to $1.0 million, or 0.05% of average loans, in the second quarter of 2026. NPAs decreased $3.7 million to $36.5 million, or 0.45% of total loans plus OREO, compared to $40.2 million, or 0.50%, at June 30, 2026. Noninterest Income and Expense Noninterest income was relatively unchanged at $14.7 million in the third quarter of 2026 compared to $14.9 million in the second quarter of 2026. Expenses were well controlled during the third quarter with an efficiency ratio (FTE) (non-GAAP) of 53.23% compared to 55.52% in the second quarter of 2026. Noninterest expense decreased $1.1 million to $57.6 million in the third quarter of 2026 compared to $58.7 million in the second quarter of 2026. Other noninterest expense decreased $0.9 million primarily due to normal fluctuations across several expense categories and timing-related items. Financial Condition Total assets were $9.9 billion at both September 30, 2026 and June 30, 2026. Total portfolio loans decreased $4.4 million compared to June 30, 2026 due to lower line utilization and originations. Commercial loans decreased $11.9 million and consumer loans increased $7.5 million compared to June 30, 2026. The decrease in the commercial loan portfolio was due to a decrease in commercial and industrial of $51.1 million and a decrease in commercial construction of $25.6 million, offset by growth in commercial real estate of $64.8 million compared to June 30, 2026. Deposits were down modestly in the third quarter of 2026 primarily due to seasonality. Total deposits decreased $22.2 million compared to June 30, 2026. Noninterest bearing deposits decreased $32.6 million and savings decreased $8.3 million, offset primarily by an increase in certificates of deposit of $15.0 million. Total borrowings decreased $60.0 million to $215.3 million at September 30, 2026 compared to $275.3 million at June 30, 2026. Capital S&T continues to maintain a strong regulatory capital position with all capital ratios above the well-capitalized thresholds of federal bank regulatory agencies. No share repurchases occurred in the third quarter of 2026. A total of 3,169,294 shares were repurchased, representing 8.3% of outstanding shares, at an average price of $42.09 per share totaling $133.4 million since share repurchases began in the fourth quarter of 2025. Conference Call S&T will host its third quarter 2026 earnings conference call live via webcast at 1:00 pm ET, Thursday, October 22, 2026. To access the webcast, go to S&T Bancorp Inc.'s Investor Relations webpage stbancorp.com. After the live presentation, the webcast will be archived at stbancorp.com for 12 months. About S&T Bancorp, Inc. and S&T Bank S&T Bancorp, Inc. is a $9.9 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram, LinkedIn and X. Forward-Looking Statements This information contains or incorporates statements that we believe are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position and other matters regarding or affecting S&T and its future business and operations. Forward-looking statements are typically identified by words or phrases such as "will likely result," "expect," "anticipate," "estimate," "forecast," "project," "intend," "believe," "assume," "strategy," "trend," "plan," "outlook," "outcome," "continue," "remain," "potential," "opportunity," "comfortable," "current," "position," "maintain," "sustain," "seek," "achieve" and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could" or "may." Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to: credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the allowance for credit losses, or ACL; cybersecurity concerns; rapid technological developments and changes, including the use of artificial intelligence and digital assets; operational risks or risk management failures by us or critical third parties, including fraud risk; our ability to manage our brand risks; sensitivity to the interest rate environment, a rapid increase in interest rates or a change in the shape of the yield curve; a change in spreads on interest-earning assets and interest-bearing liabilities; regulatory supervision and oversight, including changes in regulatory capital requirements and our ability to address those requirements; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; changes in accounting policies, practices or guidance; legislation affecting the financial services industry as a whole, and S&T, in particular; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; the outcome of pending and future litigation and governmental proceedings; increasing price and product/service competition; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; managing our internal growth and acquisitions; the possibility that the anticipated benefits from acquisitions cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; containing costs and expenses; reliance on significant customer relationships; an interruption or cessation of an important service by a third-party provider; our ability to attract and retain talented executives and other employees; general economic or business conditions, including the strength of regional economic conditions in our market area; ESG practices and disclosures, including climate change, hiring practices, the diversity of the work force and racial and social justice issues; deterioration of the housing market and reduced demand for mortgages; deterioration in the overall macroeconomic conditions or the state of the banking industry that could warrant further analysis of the carrying value of goodwill and could result in an adjustment to its carrying value resulting in a non-cash charge to net income; the stability of our core deposit base and access to contingency funding; re-emergence of turbulence in significant portions of the global financial and real estate markets that could impact our performance, both directly, by affecting our revenues and the value of our assets and liabilities, and indirectly, by affecting the economy generally and access to capital in the amounts, at the times and on the terms required to support our future businesses and geopolitical tensions and conflicts between nations. Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2025, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made. Non-GAAP Financial Measures In addition to traditional measures presented in accordance with GAAP, our management uses, and this information contains or references, certain non-GAAP financial measures, such as tangible book value, return on average tangible shareholders' equity, PPNR to average assets, efficiency ratio on an FTE basis, tangible common equity to tangible assets and net interest margin on an FTE basis. We believe these non-GAAP financial measures provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Although we believe that these non-GAAP financial measures enhance investors' understanding of our business and performance, these non-GAAP financial measures should not be considered alternatives to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with non-GAAP measures which may be presented by other companies. See Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures for more information related to these financial measures. S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited 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 % S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited 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 % S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited 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. Consolidated Selected Financial Data Unaudited 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 Total Liabilities and Shareholders' Equity $9,882,604 $9,839,963 $9,800,079 Net Interest Margin (FTE) (non-GAAP) (10) 4.06 % 3.99 % 3.93 % S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited 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 Net Interest Margin (FTE) (non-GAAP) (8) 3.99 % 3.87 % S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited 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 Loan Charge-offs (Recoveries) Charge-offs $2,427 $1,236 $3,053 Recoveries (365) (241) (639) Net Loan Charge-offs $2,062 $995 $2,414 Net Loan Charge-offs (Recoveries) Commercial loans: Commercial real estate $831 $249 $106 Commercial and industrial 1,033 614 2,142 Commercial construction — 69 (9) Total Commercial Loan Charge-offs 1,864 932 2,239 Consumer loans: Residential mortgage (23) 223 32 Home equity 144 74 9 Installment and other consumer 77 (234) 134 Total Consumer Loan Charge-offs 198 63 175 Total Net Loan Charge-offs $2,062 $995 $2,414 S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited Nine Months Ended September 30, (dollars in thousands) 2026 2025 Loan Charge-offs (Recoveries) Charge-offs $5,598 $5,593 Recoveries (854) (2,048) Net Loan Charge-offs $4,744 $3,545 Net Loan Charge-offs Commercial loans: Commercial real estate $1,572 ($56) Commercial and industrial 1,822 2,627 Commercial construction 69 110 Total Commercial Loan Charge-offs 3,463 2,681 Consumer loans: Residential mortgage 227 58 Home equity 454 188 Installment and other consumer 600 618 Total Consumer Loan Charge-offs 1,281 864 Total Net Loan Charge-offs $4,744 $3,545 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 % Nine Months Ended September 30, (dollars in thousands) 2026 2025 Asset Quality Data Net loan charge-offs $4,744 $3,545 Net loan charge-offs (annualized) / average loans 0.08 % 0.06 % S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2026 2026 2025 Third Second Third (dollars in thousands, except per share data) Quarter Quarter Quarter (1) Tangible Book Value (non-GAAP) Total shareholders' equity $1,407,334 $1,403,815 $1,475,466 Less: goodwill and other intangible assets, net of deferred tax liability (374,773) (374,915) (375,359) Tangible common equity (non-GAAP) $1,032,561 $1,028,900 $1,100,107 Common shares outstanding 35,266,564 35,264,936 38,350,500 Tangible book value (non-GAAP) $29.28 $29.18 $28.69 Tangible book value is a common industry metric used by investors and analysts to measure our company's value. (2) Return on Average Tangible Shareholders' Equity (non-GAAP) Net income (annualized) $153,153 $146,975 $138,708 Plus: amortization of intangibles (annualized), net of tax 564 577 649 Net income before amortization of intangibles (annualized) $153,717 $147,552 $139,357 Average total shareholders' equity $1,412,809 $1,417,865 $1,463,098 Less: average goodwill and other intangible assets, net of deferred tax liability (374,848) (374,991) (375,446) Average tangible equity (non-GAAP) $1,037,961 $1,042,874 $1,087,652 Return on average tangible shareholders' equity (non-GAAP) 14.81 % 14.15 % 12.81 % Return on average tangible shareholders' equity is a common industry profitability metric used by management, as well as investors and analysts, to measure financial performance. (3) Pre-provision Net Revenue / Average Assets (non-GAAP) Income before taxes $48,741 $45,464 $43,836 Plus: net gain on sale of securities and VISA Class B-2 exchange (109) (169) — Plus: Provision for credit losses 1,411 1,112 2,792 Total $50,043 $46,407 $46,628 Total (annualized) (non-GAAP) $198,540 $186,138 $184,992 Average assets $9,882,604 $9,839,963 $9,800,079 Pre-provision Net Revenue / Average Assets (non-GAAP) 2.01 % 1.89 % 1.89 % Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa exchange. We believe this to be a commonly used industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital. (4) Efficiency Ratio (FTE) (non-GAAP) Noninterest expense $57,641 $58,664 $56,376 Net interest income per consolidated statements of net income $93,130 $90,380 $89,241 Plus: taxable equivalent adjustment 593 584 602 Net interest income (FTE) (non-GAAP) $93,723 $90,964 $89,843 Noninterest income 14,663 14,860 13,763 Plus: net gain on sale of securities and VISA Class B-2 exchange (109) (169) — Net interest income (FTE) (non-GAAP) plus noninterest income $108,277 $105,655 $103,606 Efficiency ratio (FTE) (non-GAAP) 53.23 % 55.52 % 54.41 % The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice. S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited Nine Months Ended September 30, (dollars in thousands) 2026 2025 (5) Return on Average Tangible Shareholders' Equity (non-GAAP) Net income (annualized) $147,495 $134,051 Plus: amortization of intangibles (annualized), net of tax 574 690 Net income before amortization of intangibles (annualized) $148,069 $134,741 Average total shareholders' equity $1,428,629 $1,433,689 Less: average goodwill and other intangible assets, net of deferred tax liability (374,991) (375,585) Average tangible equity (non-GAAP) $1,053,638 $1,058,104 Return on average tangible shareholders' equity (non-GAAP) 14.05 % 12.73 % Return on average tangible shareholders' equity is a common industry profitability metric used by management, as well as investors and analysts, to measure financial performance. (6) Pre-provision Net Revenue / Average Assets (non-GAAP) Income before taxes $138,249 $125,521 Plus: net (gain) loss on sale of securities and second quarter VISA Class B-2 exchange (278) 2,295 Plus: Provision for credit losses 3,850 1,726 Total (non-GAAP) $141,821 $129,542 Total (annualized) (non-GAAP) $189,614 $173,197 Average assets $9,862,737 $9,717,663 Pre-provision Net Revenue / Average Assets (non-GAAP) 1.92 % 1.78 % Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa exchange. We believe this to be a commonly used industry measurement, to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital. (7) Efficiency Ratio (FTE) (non-GAAP) Noninterest expense $173,012 $169,581 Net interest income per consolidated statements of net income $271,946 $259,136 Plus: taxable equivalent adjustment 1,767 1,810 Net interest income (FTE) (non-GAAP) $ 273,713 $ 260,946 Noninterest income 43,165 37,692 Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange (278) 2,295 Net interest income (FTE) (non-GAAP) plus noninterest income $316,600 $300,933 Efficiency ratio (FTE) (non-GAAP) 54.65 % 56.35 % The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice. (8) Net Interest Margin (FTE) (non-GAAP) Interest income and dividend income $386,144 $385,377 Less: interest expense (114,198) (126,241) Net interest income per consolidated statements of net income $271,946 $259,136 Plus: taxable equivalent adjustment 1,767 1,810 Net interest income (FTE) (non-GAAP) $273,713 $260,946 Net interest income (FTE) (annualized) $365,953 $348,884 Average interest-earning assets $9,168,319 $9,004,647 Net interest margin - (FTE) (non-GAAP) 3.99 % 3.87 % The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be a commonly used industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income. S&T Bancorp, Inc. Consolidated Selected Financial Data Unaudited Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures: 2026 2026 2025 Third Second Third (dollars in thousands) Quarter Quarter Quarter (9) Tangible Common Equity / Tangible Assets (non-GAAP) Total shareholders' equity $1,407,334 $1,403,815 $1,475,466 Less: goodwill and other intangible assets, net of deferred tax liability (374,773) (374,915) (375,359) Tangible common equity (non-GAAP) $1,032,561 $1,028,900 $1,100,107 Total assets $9,889,491 $9,944,013 $9,817,483 Less: goodwill and other intangible assets, net of deferred tax liability (374,773) (374,915) (375,359) Tangible assets (non-GAAP) $9,514,718 $9,569,098 $9,442,124 Tangible common equity to tangible assets (non-GAAP) 10.85 % 10.75 % 11.65 % Tangible common equity to tangible assets is a commonly used industry measurement to evaluate capital adequacy. (10) Net Interest Margin (FTE) (non-GAAP) Interest income and dividend income $131,752 $128,059 $131,623 Less: interest expense (38,622) (37,679) (42,382) Net interest income per consolidated statements of net income 93,130 90,380 89,241 Plus: taxable equivalent adjustment 593 584 602 Net interest income (FTE) (non-GAAP) $93,723 $90,964 $89,843 Net interest income (FTE) (annualized) $371,836 $364,856 $356,442 Average interest-earning assets $9,186,448 $9,145,877 $9,100,239 Net interest margin (FTE) (non-GAAP) 4.06 % 3.99 % 3.93 % The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be a commonly used industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income. View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-announces-third-quarter-2026-results-302916262.html SOURCE S&T Bancorp, Inc.