S&T Bancorp Q1 net income rises, deposit growth strong

S&T Bancorp

23/04/2026 12:38

Overview

U.S. regional bank's Q1 net income and EPS rose yr/yr and sequentially

Company reported strong deposit growth but a decline in total portfolio loans

S&T repurchased 1.1 mln shares for $49.6 mln in Q1

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

NET INTEREST INCOME DRIVERS - Decline in net interest income attributed to two fewer days in the quarter and absence of prior quarter's interest recovery

DEPOSIT GROWTH - Customer deposit growth was strong, including temporary commercial funds and seasonal inflows from tax refunds

LOAN PORTFOLIO DECLINE - Total portfolio loans decreased due to lower fundings, reduced utilization rates and higher commercial real estate payoffs

Company press release: ID:nPn2z8XYHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.94
Q1 Net Income
$35.07 mln
Q1 Net Interest Income
$88.44 mln
Q1 Credit Loss Provision
$1.33 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 $46.00, about 6% above its April 22 closing price of $43.41

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)