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Jun 30, 2021
S&T Bancorp Q2 2021 Earnings Report
S&T Bancorp's financial performance decreased in Q2 2021, with net income declining compared to the previous quarter, while deposits increased.
Key Takeaways
S&T Bancorp, Inc. reported a net income of $28.4 million, or $0.72 per diluted share, for the second quarter of 2021. This compares to a net income of $31.9 million, or $0.81 per diluted share, for the first quarter of 2021, and a net loss of ($33.1) million, or ($0.85) per diluted share, for the second quarter of 2020.
Net income for Q2 2021 was $28.4 million, or $0.72 per diluted share.
Deposits increased by $139.2 million to $8.0 billion at June 30, 2021, compared to March 31, 2021.
Net interest margin (FTE) (non-GAAP) decreased 31 basis points to 3.16% compared to the first quarter of 2021.
Total assets increased $166.9 million to $9.5 billion at June 30, 2021 compared to $9.3 billion at March 31, 2021.
S&T Bancorp
S&T Bancorp
Forward Guidance
Customer activity has increased substantially and our loan pipeline exceeds pre-pandemic levels making us optimistic about our growth prospects for the second half of 2021.