S&T BANCORP INC (STBA) Form 10-Q — Aug 6, 2026
S&T Bancorp reported Q2 2026 net income of $36.6 million, or $1.02 per diluted share, up 14.9% and 22.9% from a year earlier, as net interest margin on an FTE basis expanded 11 basis points to 3.99% and noninterest income rose 10.1% to $14.9 million. The balance sheet strengthened, with customer deposits up 4.0% to $8.1 billion, all $180.4 million of money market brokered deposits eliminated, and nonperforming assets down $15.4 million to $40.2 million. The allowance for credit losses held steady at $93.3 million, or 1.16% of loans, though special mention loans doubled to $142.9 million after downgrades of four C&I and three CRE relationships.
Key figures
- Eps
- $1.02 diluted for Q2 2026 (vs $0.83 Q2 2025); $1.96 diluted for H1 2026
- Net Income
- $36.6 million for Q2 2026; $71.7 million for H1 2026
- Total Debt
- $275.3 million total borrowings at June 30, 2026
- Total Assets
- $9.9 billion at June 30, 2026
- Cash Position
- $217.8 million cash and due from banks at June 30, 2026
- Shares Outstanding
- 35265492
- Cet1 Ratio
- 13.64%
- Total Deposits
- $8.1 billion, up $127.3 million from December 31, 2025
- Portfolio Loans
- $8.06 billion at June 30, 2026
- Uninsured Deposits
- $2.9 billion, or 36.0% of total deposits
- Effective Tax Rate Q2
- 19.4%
- Net Interest Income Q2
- $90.4 million, up 4.4% YoY
- Noninterest Income Q2
- $14.9 million, up 10.1% YoY
- Nonperforming Assets
- $40.2 million vs $55.6 million at December 31, 2025
- Net Interest Margin FTE
- 3.99% Q2 2026 vs 3.88% Q2 2025
- Noninterest Expense Q2
- $58.7 million, up 0.9% YoY
- Customer Deposit Growth
- +4.0% to $8.1 billion; brokered deposits eliminated from $180.4 million
- Return On Average Assets
- 1.49% Q2 2026
- Return On Average Equity
- 10.37% Q2 2026
- Return On Tangible Equity
- 14.15% Q2 2026
- New Buyback Authorization
- $100 million authorized July 22, 2026, expiring August 31, 2027
- Allowance For Credit Losses
- $93.3 million, or 1.16% of portfolio loans
- Shares Repurchased H1 2026
- 2,221,024 shares at $43.75 average for $97.2 million
- Dividends Declared Per Share
- $0.37 Q2 2026 vs $0.34 Q2 2025
- Provision For Credit Losses Q2
- $1.1 million vs $2.0 million in Q2 2025
Price after filing
Close on the filing date to close N calendar days later (from $51.65). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.