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Dec 31, 2022
S&T Bancorp Q4 2022 Earnings Report
S&T Bancorp achieved record fourth quarter and full year results, driven by net income and earnings per share.
Key Takeaways
S&T Bancorp, Inc. reported a record fourth quarter with net income of $40.3 million, or $1.03 per diluted share. The company's performance was driven by an increase in net interest income and strong asset quality.
Record EPS and net income were achieved for the fourth quarter of 2022.
Return on average assets (ROA) was 1.78%, return on average equity (ROE) was 13.68%, and return on average tangible equity (ROTE) (non-GAAP) was 20.36%.
Net interest margin (NIM) (FTE) (non-GAAP) expanded 29 basis points to 4.33%.
Nonperforming assets decreased $6.7 million, or 23.2%.
S&T Bancorp
S&T Bancorp
Forward Guidance
S&T is focused on building a better future through people-forward banking in 2023.