S&T Bancorp's Q2 profit rises on higher interest income

S&T Bancorp

23/07/2026 12:40

    

    Overview
  
US regional bank's Q2 net income and EPS rose yr/yr and sequentially
Company repurchased $47.6 mln in shares and authorized new $100 mln buyback program

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year in press release

    

    Result Drivers
  
NET INTEREST INCOME - Higher net interest income driven by a wider net interest margin and improved funding mix
LOAN GROWTH - Total portfolio loans increased, led by commercial and industrial and commercial construction lending

    
Company press release: ID:nPn6jPNPna

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$1.02
 
Q2 Net Income
 
$36.64 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for S&T Bancorp Inc is $48.50, about 2.2% below its July 22 closing price of $49.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

    

    Reuters Recommended Reads
  
July 23 - Civista Bancshares Q2 profit rises 30%, interest margin expands
July 23 - Dime Community Bancshares Q2 revenue hits record on loan growth
July 22 - Univest Financial Q2 net income rises on higher net interest income

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)