S&T Bancorp rises after Q1 profit comes in ahead of estimates

S&T Bancorp

21/04/2022 15:07

** Shares of S&T Bancorp  STBA.O , the parent co of S&T
Bank, up 2% at $30.03
    ** Co reports EPS of 74 cents, above Refinitiv IBES
estimates of 59 cents/shr  urn:newsml:reuters.com:*:nPn712FWSa
    ** Beat helped by a surge in net interest income, co
reports, after the Federal Reserve hiked rates in the quarter
    ** YTD, shares are down nearly 11%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))