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Jun 30, 2022
S&T Bancorp Q2 2022 Earnings Report
Announced second quarter 2022 results with net income of $28.9 million and diluted earnings per share of $0.74.
Key Takeaways
S&T Bancorp, Inc. reported a net income of $28.9 million, or $0.74 per diluted share, for the second quarter of 2022. The company saw an increase in net interest income and a significant improvement in nonperforming assets.
Return on average assets (ROA) of 1.25%, return on average equity (ROE) of 9.83% and return on average tangible equity (ROTE) (non-GAAP) of 14.63%.
Pre-provision net revenue to average assets (PPNR) (non-GAAP) of 1.71%.
Net interest income increased $7.5 million, or 11%, and NIM (FTE) (Non-GAAP) increased 40 basis points compared to the first quarter of 2022.
Nonperforming assets decreased $20.7 million, or 34.8%, compared to March 31, 2022.
S&T Bancorp
S&T Bancorp
Forward Guidance
This document does not contain forward guidance.