S&T Bancorp Inc reports results for the quarter ended in December - Earnings Summary

S&T Bancorp

25/01/2024 14:32

* S&T Bancorp Inc  STBA.OQ  reported quarterly adjusted
earnings
of 96 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.03.  The mean expectation of five analysts for the quarter
was for earnings of 86 cents per share. Wall Street expected
results to range from 85 cents to 86 cents per share.
    * Revenue fell 1.5% to $103.17 million from a year ago;
analysts
expected $99.77 million. 
    * S&T Bancorp Inc's reported EPS for the quarter was 96
cents​.
    * The company reported quarterly net income of $37.05
million.
    * S&T Bancorp Inc shares had risen by 2.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for S&T Bancorp Inc
is $33.00 
This summary was machine generated from LSEG data January 25 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.86           0.96           Beat
 Sep. 30 2023      0.91           0.87           Missed
 Jun. 30 2023      0.89           0.89           Met
 Mar. 31 2023      0.94           1.02           Beat