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Dec 31, 2024
S&T Bancorp Q4 2024 Earnings Report
S&T Bancorp's Q4 2024 performance reflected strong return metrics, portfolio loan growth, deposit increases, and asset quality improvement.
Key Takeaways
S&T Bancorp reported a net income of $33.1 million, or $0.86 per diluted share, for the fourth quarter of 2024. The company saw improvements in asset quality, drove a negative provision for credit losses, and maintained a strong regulatory capital position.
Net income reached $33.1 million, or $0.86 per diluted share.
Return on average assets (ROA) was 1.37%, return on average equity (ROE) was 9.57%, and return on average tangible equity (ROTE) was 13.25%.
Total portfolio loans increased by $53.9 million, or 2.79% annualized.
Total deposits increased by $128.3 million, including customer deposit growth of $78.3 million.
Revenue by Segment
Forward Guidance
As S&T Bancorp enters 2025, the company anticipates to achieve growth due to momentum and optimism.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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