Loading...
•
Mar 31, 2024
S&T Bancorp Q1 2024 Earnings Report
S&T Bancorp reported net income of $31.2 million for the first quarter of 2024, with solid return metrics and deposit growth.
Key Takeaways
S&T Bancorp Inc. announced first quarter 2024 results with a net income of $31.2 million, or $0.81 per diluted share. The company experienced solid return metrics, deposit growth, and a strong net interest margin.
Return on average assets (ROA) was 1.32%, return on average equity (ROE) was 9.74%, and return on average tangible equity (ROTE) (non-GAAP) was 13.85%.
Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.76%.
Net interest margin (NIM) (FTE) (non-GAAP) remained strong at 3.84%.
Total deposits increased $78.6 million to $7.6 billion.
S&T Bancorp
S&T Bancorp
Forward Guidance
This information contains forward-looking statements regarding S&T's financial condition, results of operations, plans, and objectives, which are subject to risks, uncertainties, and other factors.