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

S&T Bancorp

20/07/2023 14:32

* S&T Bancorp Inc  STBA.OQ  reported quarterly adjusted
earnings
of 89 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
89 cents per share.
    * Revenue rose 16.5% to $102.31 million from a year ago;
analysts
expected $101.47 million. 
    * S&T Bancorp Inc's reported EPS for the quarter was 89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * S&T Bancorp Inc shares had risen by 13.9% this quarter and
lost 9.4% so far this year.
    * The company reported quarterly net income of $34.47
million.
    * Wall Street's median 12-month price target for S&T Bancorp
Inc
is $30.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.89           0.89           Met
 Mar. 31 2023      0.94           1.02           Beat
 Dec. 31 2022      0.94           1.03           Beat
 Sep. 30 2022      0.83           0.95           Beat