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Mar 31, 2020
S&T Bancorp Q1 2020 Earnings Report
S&T Bancorp reported earnings for Q1 2020, which were impacted by one-time expenses related to the DNB Financial Corporation merger and the COVID-19 pandemic.
Key Takeaways
S&T Bancorp, Inc. announced first quarter 2020 earnings with a net income of $13.2 million, or $0.34 per diluted share. The results included one-time expenses of $2.3 million related to the DNB Financial Corporation merger. The company is focused on supporting customers and communities through the COVID-19 pandemic.
Portfolio loans increased $109.6 million, or 6.2% annualized, compared to the fourth quarter of 2019.
Net interest margin was 3.53%.
Return on average assets (ROA) was 0.61%, return on average equity (ROE) was 4.47%.
S&T's Board of Directors declared a $0.28 per share dividend, an increase of 3.7%.
Revenue by Segment
Forward Guidance
Prior to the COVID-19 pandemic S&T had tremendous momentum across all lines of business and markets and are well positioned to capitalize on opportunities as the economy recovers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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