S&T Bancorp Inc STBA.OQ reported quarterly adjusted earnings of 83 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of seven analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 78 cents to 83 cents per share.
Revenue rose 13.7% to $100.07 million from a year ago; analysts expected $99.05 million.
S&T Bancorp Inc's reported EPS for the quarter was 83 cents.
The company reported quarterly net income of $31.9 million.
S&T Bancorp Inc shares had risen by 2.1% this quarter and gained 1.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "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 $40.50, about 4.6% above its last closing price of $38.62
This summary was machine generated from LSEG data July 24 at 01:33 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)