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Mar 31, 2021
S&T Bancorp Q1 2021 Earnings Report
Reported record net income for the first quarter of 2021.
Key Takeaways
S&T Bancorp announced record net income of $31.9 million, or $0.81 per diluted share, for the first quarter of 2021. Return metrics were strong, and the net interest margin increased by 9 basis points compared to the previous quarter. Deposits increased by $455.5 million, and mortgage banking revenue increased by $1.2 million.
Record net income of $31.9 million.
Return on average assets (ROA) of 1.42%, return on average equity (ROE) of 11.15%, and return on average tangible equity (ROTE) of 16.78%.
Net interest margin (FTE) increased 9 basis points to 3.47% compared to the fourth quarter of 2020.
Deposits increased $455.5 million to $7.9 billion at March 31, 2021 compared to December 31, 2020.
S&T Bancorp
S&T Bancorp
S&T Bancorp Revenue by Segment
Revenue by Segment
Wealth management Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
S&T is optimistic about its prospects for 2021 and is well-positioned to capitalize on growth opportunities despite the challenging environment.