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

S&T Bancorp

18/04/2024 14:31

* S&T Bancorp Inc  STBA.OQ  reported quarterly adjusted
earnings
of 81 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $1.02.  The mean expectation of five analysts for the quarter
was for earnings of 78 cents per share. Wall Street expected
results to range from 73 cents to 81 cents per share.
    * Revenue fell 5.6% to $96.31 million from a year ago;
analysts
expected $95.77 million. 
    * S&T Bancorp Inc's reported EPS for the quarter was 81
cents​.
    * The company reported quarterly net income of $31.24
million.
    * S&T Bancorp Inc shares had fallen by 9.0% this quarter and
lost 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $35.50 
This summary was machine generated from LSEG data April 18 at
01:30 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
 Mar. 31 2024      0.78           0.81           Beat
 Dec. 31 2023      0.86           0.96           Beat
 Sep. 30 2023      0.91           0.87           Missed
 Jun. 30 2023      0.89           0.89           Met