Brief: S&T Bancorp Inc Announces First Quarter 2023 Net Income

S&T Bancorp

20/04/2023 12:35

April 20 (Reuters) - S&T Bancorp Inc  STBA.O :
    * S&T BANCORP, INC. ANNOUNCES FIRST QUARTER 2023 NET INCOME
    * S&T BANCORP: QTRLY DEPOSITS DECREASED $66.9 MILLION, OR
3.8%
ANNUALIZED, VERSUS DECEMBER 31, 2022 WITH A DECLINE IN JAN,
STABILITY IN FEB , GROWTH IN MARCH
    * S&T BANCORP INC: "AS ECONOMIC LANDSCAPE CONTINUES TO
EVOLVE, WE
REMAIN COMMITTED TO OUR PURPOSE"
    * S&T BANCORP INC: ALLOWANCE FOR CREDIT LOSSES WAS 1.49% OF
TOTAL
PORTFOLIO LOANS AS OF MARCH 31, 2023 COMPARED TO 1.41% AT
DECEMBER 31, 2022
    * S&T BANCORP INC: INCREASE IN ALLOWANCE FOR CREDIT LOSSES
RELATED
TO $4.2 MILLION RESERVE DUE TO UNCERTAINTY IN MACROECONOMIC
ENVIRONMENT
    * S&T BANCORP INC: CONTINUES TO MAINTAIN A STRONG REGULATORY
CAPITAL POSITION

Source text for Eikon:  ID:nPn5S8mBsa 
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