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Dec 31, 2019
S&T Bancorp Q4 2019 Earnings Report
S&T Bancorp's earnings decreased in Q4 2019 due to merger-related expenses, despite growth from the DNB Financial Corporation merger.
Key Takeaways
S&T Bancorp reported a decrease in net income for Q4 2019, primarily due to $10.2 million in merger-related expenses from the DNB Financial Corporation acquisition. Despite these expenses, the merger expanded S&T's presence in eastern Pennsylvania and added approximately $900 million in loans and $991 million in deposits.
S&T expanded into eastern Pennsylvania with the closing of the DNB merger.
S&T's assets reached $8.8 billion, with a market capitalization of approximately $1.6 billion.
Excluding merger related expenses ROA was 1.53%, ROE was 11.38% and ROTE was 16.46%.
The board declared a $0.28 per share dividend, a 3.7% increase year-over-year.
S&T Bancorp
S&T Bancorp
Forward Guidance
S&T Bancorp did not provide forward guidance in the earnings report.