S&T Bancorp Q3 net income up on margin expansion

S&T Bancorp

23/10/2025 12:38

Overview

S&T Bancorp Q3 net income rises to $35.0 mln, EPS increases to $0.91

Net interest income grows 3% in Q3, reflecting margin expansion

Nonperforming assets increase to $49.6 mln, net charge-offs rise

Outlook

Company did not provide specific future guidance

Result Drivers

NET INTEREST INCOME - Net interest income increased by $2.6 mln, or 3%, driven by a 5 basis point expansion in net interest margin

LOAN GROWTH - Total portfolio loans increased by $46.6 mln, driven by growth in residential mortgage and home equity loans

EXPENSE MANAGEMENT - Noninterest expenses decreased by $1.7 mln due to lower salaries and professional services costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.91
Q3 Net Income
$34.96 mln
Q3 Net Interest Income
$89.24 mln
Q3 Credit Loss Provision
$2.79 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $41.00, about 12.7% above its October 21 closing price of $35.81

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn3l5klra

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(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.)