S&T Bancorp (NASDAQ:STBA) Releases Earnings Results, Beats Estimates By $0.10 EPS

S&T Bancorp (NASDAQ:STBA) released its quarterly earnings data on Thursday. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.10, FiscalAI reports. The business had revenue of $105.24 million for the quarter, compared to analyst estimates of $104.43 million. S&T Bancorp had a return on equity of 9.74% and a net margin of 24.51%.

Here are the key takeaways from S&T Bancorp’s conference call:

• S&T Bancorp reported a strong second quarter, with net income of $36.6 million and EPS of $1.02, up 8.5% sequentially and 22.9% year over year.
• Net interest margin expanded to 3.99% and net interest income rose to $90.4 million, supported by higher loan yields, lower funding costs, and a better deposit mix.
• Loan growth remained solid, with balances up $99 million in the quarter, led by C&I and construction lending, and management reiterated mid-single-digit loan growth expectations for the rest of 2026.
• Asset quality improved meaningfully as non-performing assets fell to 0.5% of loans plus OREO and net charge-offs were only $1 million, while the allowance for credit losses stayed essentially flat at 1.16% of loans.
• The bank continued aggressive share repurchases, buying back 1.1 million shares in the quarter and authorizing another $100 million, though management said future buybacks may slow if the stock price stays elevated.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $51.79 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of 13.77 and a beta of 0.84. The firm has a fifty day simple moving average of $47.50 and a two-hundred day simple moving average of $44.22. S&T Bancorp has a 12 month low of $34.01 and a 12 month high of $52.12. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.37 per share. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, May 14th. S&T Bancorp’s dividend payout ratio (DPR) is currently 41.46%.

Wall Street Analysts Forecast Growth

STBA has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. Piper Sandler lifted their price target on S&T Bancorp from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, S&T Bancorp currently has an average rating of “Hold” and a consensus price target of $46.60.

S&T Bancorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 23rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 5.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On S&T Bancorp

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of S&T Bancorp by 5,223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 888 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of S&T Bancorp in the third quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. bought a new position in S&T Bancorp in the 4th quarter worth approximately $59,000. Raymond James Financial Inc. purchased a new position in S&T Bancorp in the 2nd quarter valued at approximately $91,000. Finally, iSAM Funds UK Ltd bought a new position in shares of S&T Bancorp in the third quarter worth $143,000. 65.22% of the stock is owned by institutional investors.

Key Stories Impacting S&T Bancorp

Here are the key news stories impacting S&T Bancorp this week:

• Positive Sentiment: S&T Bancorp reported second-quarter earnings and revenue that beat Wall Street expectations, reinforcing confidence in its operating performance.
• Positive Sentiment: The company announced a $100 million share repurchase authorization, a shareholder-friendly move that can help support the stock and reduce share count.
• Positive Sentiment: Management’s earnings-call tone was upbeat, highlighting strong growth and a stable outlook. Article: S&T Bancorp Highlights Strong Growth and Stable Outlook
• Neutral Sentiment: Coverage around the earnings call transcript and snapshot articles adds context but does not appear to introduce new material risks or surprises. Article: S&T Bancorp Inc (STBA) Q2 2026 Earnings Call Highlights

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.