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Mar 31, 2023
S&T Bancorp Q1 2023 Earnings Report
S&T Bancorp reported net income for Q1 2023.
Key Takeaways
S&T Bancorp, Inc. announced a net income of $39.8 million, or $1.02 per diluted share, for the first quarter of 2023. The company's return metrics remained solid, with a return on average assets of 1.77% and a return on average equity of 13.38%. Net interest margin was relatively unchanged at 4.32%.
Net income was $39.8 million, or $1.02 per diluted share.
Return on average assets (ROA) was 1.77%, return on average equity (ROE) was 13.38%.
Net interest margin (NIM) was relatively unchanged at 4.32%.
Total portfolio loans increased by $67.1 million, or 3.8% annualized.
S&T Bancorp
S&T Bancorp
Forward Guidance
This information contains or incorporates statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.