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INVESTOR CONTACT:
Mark Kochvar
S&T Bancorp, Inc.
Chief Financial Officer
724.465.4826
mark.kochvar@stbank.com
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FOR IMMEDIATE RELEASE
S&T Bancorp, Inc. Announces Second Quarter 2026 Results
INDIANA, Pa., - July 23, 2026 – S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $36.6 million for the second quarter of 2026 compared to $35.1 million for the first quarter of 2026 and $31.9 million for the second quarter of 2025. Diluted earnings per share was $1.02 for the second quarter of 2026, an increase of $0.08, or 8.5%, compared to $0.94 for the first quarter of 2026 and an increase of $0.19, or 22.9%, compared to $0.83 for the second quarter of 2025.
Second Quarter of 2026 Highlights:
•Solid return metrics with return on average assets (ROA) of 1.49%, return on average equity (ROE) of 10.37% and return on average tangible shareholders' equity (ROTE) (non-GAAP) of 14.15% compared to ROA of 1.44%, ROE of 9.77% and ROTE (non-GAAP) of 13.22% for the first quarter of 2026.
•Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.89% compared to 1.87% for the first quarter of 2026.
•Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP) expanded 7 basis points to 3.99% compared to 3.92% in the first quarter of 2026.
•Total portfolio loans increased $99.0 million, or 5.0% annualized, compared to March 31, 2026.
•Total deposits decreased $99.1 million due to lower brokered deposits of $100.4 million compared to March 31, 2026.
•Customer deposits were stable in the second quarter, following solid growth in the first quarter of 2026 with year-to-date growth of $307.7 million, or 8.0% annualized.
•Net charge-offs were only $1.0 million, or 0.05% of average loans, compared to net charge-offs of $1.7 million, or 0.09% of average loans, in the first quarter of 2026.
•Nonperforming assets (NPAs) decreased $9.7 million to $40.2 million, or 0.50% of total loans plus other real estate owned (OREO), compared to $49.9 million, or 0.63%, at March 31, 2026.
•Actively managing capital with 1,074,924 shares repurchased at an average price of $44.24 for $47.6 million.
“We delivered another strong quarter driven by disciplined execution of our strategy,” said Chris McComish, chief executive officer. “Our results reflected solid earnings and returns, good loan growth, stable deposits following strong first-quarter growth and continued favorable asset quality. These results highlight the strength of our customer relationships, the dedication of our people and our ability to create long-term value for our shareholders.”
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S&T Earnings Release - 2

Net Interest Income
Net interest income was $90.4 million in the second quarter of 2026 compared to $88.4 million in the first quarter of 2026. NIM (FTE) (non-GAAP) increased 7 basis points to 3.99% compared to 3.92% in the prior quarter. The yield on average interest-earning assets increased 4 basis points to 5.64% compared to 5.60% in the first quarter of 2026 primarily due to a higher yield on loans. Total interest-bearing liability costs decreased 4 basis points to 2.50% compared to 2.54% in the first quarter of 2026 mainly due to a better funding mix. Average brokered deposits decreased $146.2 million while average interest-bearing customer deposits increased $119.8 million compared to the first quarter of 2026.
Asset Quality
The allowance for credit losses, or ACL, was unchanged at $93.3 million, or 1.16% of total portfolio loans, at June 30, 2026 compared to $93.3 million, or 1.17%, at March 31, 2026. The provision for credit losses was $1.1 million for the second quarter of 2026 compared to $1.3 million in the first quarter of 2026. Net loan charge-offs were $1.0 million, or 0.05% of average loans, compared to $1.7 million, or 0.09% of average loans, in the first quarter of 2026. NPAs decreased $9.7 million to $40.2 million, or 0.50% of total loans plus OREO, compared to $49.9 million, or 0.63%, at March 31, 2026.
Noninterest Income and Expense
Noninterest income increased $1.3 million to $14.9 million in the second quarter of 2026 compared to $13.6 million in the first quarter of 2026. Higher noninterest income related to a $0.4 million increase in debit and credit card fees due to the first quarter of 2026 being seasonally lower and a $0.3 million increase in other income primarily related to partnership income and unrealized gains on equity securities. Additionally, during the second quarter of 2026 there was a $0.2 million net gain on the sale of securities resulting from a $1.9 million gain related to Visa Class B-2 common stock conversion, which was mostly offset by a $1.7 million loss related to the repositioning of securities into longer duration, higher yielding securities.
Noninterest expense increased $2.0 million to $58.7 million in the second quarter of 2026 compared to $56.7 million in the first quarter of 2026. Salaries and employee benefits increased $1.3 million primarily related to annual merit increases and higher medical costs. Other noninterest expense increased $1.0 million primarily due to normal fluctuations across several expense categories and timing-related items.
Financial Condition
Total assets were $9.9 billion at both June 30, 2026 and March 31, 2026. Cash and due from banks decreased $121.2 million related to an increase in loans compared to March 31, 2026. Total portfolio loans increased $99.0 million compared to March 31, 2026 with an increase in the commercial loan portfolio of $104.2 million and a decrease in the consumer loan portfolio of $5.2 million. The increase in the commercial loan portfolio was due to an increase in commercial and industrial of $79.0 million and an increase in commercial construction of $71.4 million, offset by a decline in commercial real estate of $46.2 million compared to March 31, 2026. Total deposits decreased $99.1 million due to lower brokered deposits of $100.4 million compared to March 31, 2026. Customer deposits were stable in the second quarter, following solid growth in the first quarter of 2026 with year-to-date growth of $307.7 million, or 8.0% annualized. Money market decreased $80.8 million, noninterest bearing deposits decreased $16.9 million, interest-bearing demand decreased $14.8 million and savings decreased $1.2 million, offset by an increase in certificates of deposit of $14.7 million, compared to March 31, 2026. The decrease in money market of $80.8 million is net of a decline in brokered money market deposits of $100.4 million offset by an increase in customer money market deposits of $19.6
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S&T Earnings Release - 3

million compared to March 31, 2026. Total borrowings increased $125.0 million to $275.3 million compared to $150.3 million at March 31, 2026 due to a decrease in brokered deposits and share repurchases.
Capital
During the second quarter of 2026, 1,074,924 shares were repurchased at an average price of $44.24 per share for $47.6 million. Total share repurchases over the past three quarters were 3,169,294 shares, representing 8.3% of outstanding shares, at an average price of $42.09 per share totaling $133.4 million.
S&T continues to maintain a strong regulatory capital position with all capital ratios above the well-capitalized thresholds of federal bank regulatory agencies.
New Share Repurchase Plan Authorization
The board of directors authorized a new $100 million share repurchase program at its meeting held July 22, 2026. The new program will replace the existing share repurchase program effective July 27, 2026, and is set to expire August 31, 2027. The remaining capacity under the existing share repurchase program was terminated.
Conference Call
S&T will host its second quarter 2026 earnings conference call live via webcast at 1:00 pm ET, Thursday, July 23, 2026. To access the webcast, go to S&T Bancorp Inc.’s Investor Relations webpage stbancorp.com. After the live presentation, the webcast will be archived at stbancorp.com for 12 months.
About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.9 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.
Forward-Looking Statements
This information contains or incorporates statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position and other matters regarding or affecting S&T and its future business and operations. Forward-looking statements are typically identified by words or phrases such as “will likely result,” “expect,” “anticipate,” “estimate,” “forecast,” “project,” “intend,” “believe,” “assume,” “strategy,” “trend,” “plan,” “outlook,” “outcome,” “continue,” “remain,” “potential,” “opportunity,” “comfortable,” “current,” “position,” “maintain,” “sustain,” “seek,” “achieve” and variations of such words and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to: credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the
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S&T Earnings Release - 4

allowance for credit losses, or ACL; cybersecurity concerns; rapid technological developments and changes, including the use of artificial intelligence and digital assets; operational risks or risk management failures by us or critical third parties, including fraud risk; our ability to manage our brand risks; sensitivity to the interest rate environment, a rapid increase in interest rates or a change in the shape of the yield curve; a change in spreads on interest-earning assets and interest-bearing liabilities; regulatory supervision and oversight, including changes in regulatory capital requirements and our ability to address those requirements; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; changes in accounting policies, practices or guidance; legislation affecting the financial services industry as a whole, and S&T, in particular; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; the outcome of pending and future litigation and governmental proceedings; increasing price and product/service competition; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; managing our internal growth and acquisitions; the possibility that the anticipated benefits from acquisitions cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; containing costs and expenses; reliance on significant customer relationships; an interruption or cessation of an important service by a third-party provider; our ability to attract and retain talented executives and other employees; general economic or business conditions, including the strength of regional economic conditions in our market area; ESG practices and disclosures, including climate change, hiring practices, the diversity of the work force and racial and social justice issues; deterioration of the housing market and reduced demand for mortgages; deterioration in the overall macroeconomic conditions or the state of the banking industry that could warrant further analysis of the carrying value of goodwill and could result in an adjustment to its carrying value resulting in a non-cash charge to net income; the stability of our core deposit base and access to contingency funding; re-emergence of turbulence in significant portions of the global financial and real estate markets that could impact our performance, both directly, by affecting our revenues and the value of our assets and liabilities, and indirectly, by affecting the economy generally and access to capital in the amounts, at the times and on the terms required to support our future businesses and geopolitical tensions and conflicts between nations.
Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2025, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.
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S&T Earnings Release - 5

Non-GAAP Financial Measures
In addition to traditional measures presented in accordance with GAAP, our management uses, and this information contains or references, certain non-GAAP financial measures, such as tangible book value, return on average tangible shareholders' equity, PPNR to average assets, efficiency ratio on an FTE basis, tangible common equity to tangible assets and net interest margin on an FTE basis. We believe these non-GAAP financial measures provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Although we believe that these non-GAAP financial measures enhance investors’ understanding of our business and performance, these non-GAAP financial measures should not be considered alternatives to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with non-GAAP measures which may be presented by other companies. See Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures for more information related to these financial measures.
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 6
202620262025
SecondFirstSecond
(dollars in thousands, except per share data)QuarterQuarterQuarter
INTEREST AND DIVIDEND INCOME
Loans, including fees$116,960 $115,294 $117,696 
Investment Securities:
Taxable10,756 10,760 10,846 
Tax-exempt34 34 35 
Dividends309 245 329 
Total Interest and Dividend Income128,059 126,333 128,906 
INTEREST EXPENSE
Deposits35,399 35,686 39,056 
Borrowings, junior subordinated debt securities and other2,280 2,211 3,278 
Total Interest Expense37,679 37,897 42,334 
NET INTEREST INCOME90,380 88,436 86,572 
Provision for credit losses1,112 1,327 1,974 
Net Interest Income After Provision for Credit Losses89,268 87,109 84,598 
NONINTEREST INCOME
Gain on sale of securities169 — — 
Debit and credit card4,695 4,283 4,588 
Service charges on deposit accounts4,290 4,196 4,090 
Investment services and trust
3,563 3,369 3,042 
Other2,143 1,794 1,780 
Total Noninterest Income14,860 13,642 13,500 
NONINTEREST EXPENSE
Salaries and employee benefits32,680 31,356 32,907 
Data processing and information technology5,163 5,158 4,847 
Occupancy4,074 4,592 4,024 
Furniture, equipment and software3,524 3,492 3,352 
Marketing1,876 1,467 1,490 
Other taxes1,773 2,063 2,088 
Professional services and legal1,286 1,245 1,739 
FDIC insurance1,074 1,073 1,062 
Other noninterest expense7,214 6,261 6,605 
Total Noninterest Expense58,664 56,707 58,114 
Income Before Taxes45,464 44,044 39,984 
Income tax expense8,821 8,972 8,084 
Net Income$36,643 $35,072 $31,900 
Per Share Data
Shares outstanding at end of period35,264,936 36,259,649 38,345,448 
Average shares outstanding - diluted36,010,449 37,177,888 38,637,400 
Diluted earnings per share$1.02 $0.94 $0.83 
Dividends declared per share$0.37 $0.36 $0.34 
Dividend yield (annualized)3.02%3.44%3.60%
Dividends paid to net income36.40%38.09%41.30%
Book value$39.81 $39.46 $37.70 
Tangible book value (non-GAAP)(1)
$29.18 $29.11 $27.90 
Market value$49.08 $41.83 $37.82 
Profitability Ratios (Annualized)
Return on average assets1.49%1.44%1.32%
Return on average shareholders' equity10.37%9.77%8.91%
Return on average tangible shareholders' equity (non-GAAP)(2)
14.15%13.22%12.12%
Pre-provision net revenue / average assets (non-GAAP)(3)
1.89%1.87%1.73%
Efficiency ratio (FTE) (non-GAAP)(4)
55.52%55.23%57.73%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 7
Six Months Ended June 30,
(dollars in thousands, except per share data)20262025
INTEREST AND DIVIDEND INCOME
Loans, including fees$232,254 $232,036 
Investment Securities:
Taxable21,516 20,919 
Tax-exempt68 192 
Dividends554 607 
Total Interest and Dividend Income254,392 253,754 
INTEREST EXPENSE
Deposits71,085 77,410 
Borrowings, junior subordinated debt securities and other4,491 6,449 
Total Interest Expense75,576 83,859 
NET INTEREST INCOME178,816 169,895 
Provision for credit losses2,439 (1,066)
Net Interest Income After Provision for Credit Losses176,377 170,961 
NONINTEREST INCOME
Gain (loss) on sale of securities169 (2,295)
Debit and credit card8,978 8,776 
Service charges on deposit accounts8,486 8,052 
Investment services and trust
6,932 6,126 
Other3,937 3,270 
Total Noninterest Income28,502 23,929 
NONINTEREST EXPENSE
Salaries and employee benefits64,036 62,760 
Data processing and information technology10,321 9,777 
Occupancy8,666 8,326 
Furniture, equipment and software7,016 6,835 
Other Taxes3,836 3,582 
Marketing3,343 3,105 
Professional services and legal2,531 3,025 
FDIC insurance2,147 2,102 
Other noninterest expense13,475 13,693 
Total Noninterest Expense115,371 113,205 
Income Before Taxes89,508 81,685 
Income tax expense17,793 16,384 
Net Income$71,715 $65,301 
Per Share Data
Average shares outstanding - diluted36,591,021 38,618,741 
Diluted earnings per share$1.96 $1.69 
Dividends declared per share$0.73 $0.68 
Dividends paid to net income37.23%40.11%
Profitability Ratios (annualized)
Return on average assets1.47%1.36%
Return on average shareholders' equity10.07%9.28%
Return on average tangible shareholders' equity (non-GAAP)(5)
13.68%12.69%
Pre-provision net revenue / average assets (non-GAAP)(6)
1.88%1.73%
Efficiency ratio (FTE) (non-GAAP)(7)
55.38%57.37%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 8
202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
ASSETS
Cash and due from banks$217,819 $339,059 $203,118 
Securities available for sale, at fair value1,013,305 1,009,518 1,021,183 
Loans held for sale4,695 694 — 
Commercial loans:
Commercial real estate3,485,893 3,532,106 3,520,294 
Commercial and industrial1,590,086 1,511,082 1,512,027 
Commercial construction475,450 404,012 397,785 
Total Commercial Loans5,551,429 5,447,200 5,430,106 
Consumer loans:
Residential mortgage1,674,052 1,689,731 1,678,992 
Home equity727,702 711,235 681,143 
Installment and other consumer80,086 83,951 100,177 
Consumer construction25,117 27,265 44,016 
Total Consumer Loans2,506,957 2,512,182 2,504,328 
Total Portfolio Loans8,058,386 7,959,382 7,934,434 
Allowance for credit losses(93,320)(93,271)(98,580)
Total Portfolio Loans, Net7,965,066 7,866,111 7,835,854 
Federal Home Loan Bank and other restricted stock, at cost16,796 11,724 15,817 
Goodwill373,424 373,424 373,424 
Other Intangible assets, net1,887 2,069 2,656 
Other assets351,021 341,404 358,017 
Total Assets$9,944,013 $9,944,003 $9,810,069 
LIABILITIES
Deposits:
Noninterest-bearing demand$2,256,542 $2,273,411 $2,182,346 
Interest-bearing demand769,495 784,326 738,251 
Money market2,183,937 2,264,777 2,236,298 
Savings881,967 883,213 879,254 
Certificates of deposit1,994,142 1,979,492 1,884,771 
Total Deposits8,086,083 8,185,219 7,920,920 
Borrowings:
Short-term borrowings200,000 50,000 150,000 
Long-term borrowings25,773 50,794 50,856 
Junior subordinated debt securities49,508 49,493 49,448 
Total Borrowings275,281 150,287 250,304 
Other liabilities178,834 177,816 193,352 
Total Liabilities8,540,198 8,513,322 8,364,576 
SHAREHOLDERS’ EQUITY
Total Shareholders’ Equity1,403,815 1,430,681 1,445,493 
Total Liabilities and Shareholders’ Equity$9,944,013 $9,944,003 $9,810,069 
Capitalization Ratios
Shareholders' equity / assets14.12%14.39%14.73%
Tangible common equity / tangible assets (non-GAAP)(9)
10.75%11.03%11.34%
Tier 1 leverage ratio11.58%11.82%12.18%
Common equity tier 1 capital13.64%14.18%14.59%
Risk-based capital - tier 113.95%14.49%14.91%
Risk-based capital - total15.51%16.06%16.48%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 9

202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
Net Interest Margin (FTE) (non-GAAP) (QTD Averages)
ASSETS
Interest-bearing deposits with banks$127,4293.69%$153,3963.70%$120,1564.46%
Securities, at fair value1,007,4843.83%997,0373.78%1,011,6293.79%
Loans held for sale2,0346.47%1,0026.57%——%
Commercial real estate3,503,9815.90%3,579,9035.80%3,477,3215.88%
Commercial and industrial1,555,1186.18%1,513,5576.25%1,519,1336.71%
Commercial construction433,4276.40%387,4126.42%382,3636.94%
Total Commercial Loans5,492,5266.02%5,480,8725.97%5,378,8176.19%
Residential mortgage1,672,3265.39%1,701,6955.37%1,674,2315.26%
Home equity720,4845.91%707,8565.90%670,0666.37%
Installment and other consumer82,4527.43%87,6937.39%99,5507.88%
Consumer construction27,3706.61%30,1246.69%41,0256.82%
Total Consumer Loans2,502,6325.62%2,527,3685.61%2,484,8725.69%
Total Portfolio Loans7,995,1585.89%8,008,2405.86%7,863,6896.03%
Total Loans7,997,1925.89%8,009,2425.86%7,863,6896.03%
Total other earning assets13,7728.40%12,8067.07%16,5377.70%
Total Interest-earning Assets9,145,8775.64%9,172,4815.60%9,012,0115.76%
Noninterest-earning assets694,086692,974712,891
Total Assets$9,839,963$9,865,455$9,724,902
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand$777,2160.94%$778,5020.93%$763,6871.01%
Money market2,185,9362.57%2,245,9222.60%2,188,7713.04%
Savings879,3910.67%873,3040.65%880,4480.69%
Certificates of deposit1,994,5233.64%1,965,8073.73%1,872,3294.07%
Total Interest-bearing Deposits5,837,0662.43%5,863,5352.47%5,705,2352.75%
Short-term borrowings106,2093.86%74,1623.99%135,6594.63%
Long-term borrowings25,7833.76%50,8053.80%50,8663.80%
Junior subordinated debt securities49,4996.47%49,4856.53%49,4397.12%
Total Borrowings181,4914.56%174,4524.66%235,9644.97%
Total Other Interest-bearing Liabilities23,602 3.69%22,8623.69%32,202 4.39%
Total Interest-bearing Liabilities6,042,1592.50%6,060,8492.54%5,973,4012.84%
Noninterest-bearing liabilities2,379,9392,348,9242,315,213
Shareholders' equity1,417,8651,455,6821,436,288
Total Liabilities and Shareholders' Equity$9,839,963$9,865,455$9,724,902
Net Interest Margin (FTE) (non-GAAP)(10)
3.99%3.92%3.88%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 10
Six Months Ended June 30,
(dollars in thousands)20262025
Net Interest Margin (FTE) (non-GAAP) (YTD Averages)
ASSETS
Interest-bearing deposits with banks$140,3413.70%$124,4234.46%
Securities, at fair value1,002,2893.81%1,001,0803.69%
Loans held for sale1,5216.49%——%
Commercial real estate3,541,7325.85%3,436,6865.85%
Commercial and industrial1,534,4526.21%1,527,1396.70%
Commercial construction410,5476.41%378,6436.94%
Total Commercial Loans5,486,7315.99%5,342,4686.17%
Residential mortgage1,686,9305.38%1,667,2425.23%
Home equity714,2055.90%661,6366.34%
Installment and other consumer85,0587.41%99,4767.93%
Consumer construction28,7396.66%43,0806.84%
Total Consumer Loans2,514,9325.61%2,471,4345.67%
Total Portfolio Loans8,001,6635.87%7,813,9026.01%
Total Loans8,003,1845.87%7,813,9026.01%
Total other earning assets13,2917.76%16,6527.21%
Total Interest-earning Assets9,159,1055.62%8,956,0575.73%
Noninterest-earning assets693,534719,996
Total Assets$9,852,639$9,676,053
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand$777,8550.93%$771,4551.01%
Money market2,215,7632.59%2,138,8363.01%
Savings876,3650.66%882,5310.68%
Certificates of deposit1,980,2443.68%1,866,6164.18%
Total Interest-bearing deposits5,850,2272.45%5,659,4382.76%
Short-term borrowings90,2743.92%126,7404.63%
Long-term borrowings38,2253.79%50,8763.80%
Junior subordinated debt securities49,4926.50%49,4317.15%
Total Borrowings177,9914.61%227,0474.99%
Total Other Interest-bearing Liabilities23,2343.69%38,0324.39%
Total Interest-bearing Liabilities6,051,4522.52%5,924,5172.85%
Noninterest-bearing liabilities2,364,5182,332,795
Shareholders' equity1,436,6691,418,741
Total Liabilities and Shareholders' Equity$9,852,639$9,676,053
Net Interest Margin (FTE) (non-GAAP)(8)
3.95%3.84%
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 11
202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
Nonaccrual Loans
Commercial loans:% Loans% Loans% Loans
Commercial real estate$9,354 0.27%$17,764 0.50%$3,967 0.11%
Commercial and industrial16,836 1.06%18,607 1.23%5,459 0.36%
Commercial construction— —%869 0.22%869 0.22%
Total Nonaccrual Commercial Loans26,190 0.47%37,240 0.68%10,295 0.19%
Consumer loans:
Residential mortgage10,027 0.60%8,950 0.53%7,239 0.43%
Home equity3,859 0.53%3,618 0.51%3,593 0.53%
Installment and other consumer140 0.18%141 0.17%185 0.18%
Total Nonaccrual Consumer Loans14,026 0.56%12,709 0.51%11,017 0.44%
Total Nonaccrual Loans$40,216 0.50%$49,949 0.63%$21,312 0.27%
202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
Loan Charge-offs (Recoveries)
Charge-offs$1,236 $1,935 $1,656 
Recoveries(241)(248)(498)
Net Loan Charge-offs$995 $1,687 $1,158 
Net Loan Charge-offs (Recoveries)
Commercial loans:
Commercial real estate$249 $492 ($16)
Commercial and industrial614 175 331 
Commercial construction69 — 89 
Total Commercial Loan Charge-offs932 667 404 
Consumer loans:
Residential mortgage223 27 13 
Home equity74 236 160 
Installment and other consumer(234)757 581 
Total Consumer Loan Charge-offs63 1,020 754 
Total Net Loan Charge-offs $995 $1,687 $1,158 
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S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 12
Six Months Ended June 30,
(dollars in thousands)20262025
Loan Charge-offs (Recoveries)
Charge-offs$3,171 $2,540 
Recoveries(489)(1,409)
Net Loan Charge-offs$2,682$1,131
Net Loan Charge-offs
Commercial loans:
Commercial real estate$741($162)
Commercial and industrial789485
Commercial construction69 119 
Total Commercial Loan Charge-offs1,599442
Consumer loans:
Residential mortgage25026
Home equity310179
Installment and other consumer523484
Total Consumer Loan Charge-offs1,083689
Total Net Loan Charge-offs$2,682$1,131
202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
Asset Quality Data
Nonaccrual loans$40,216 $49,949 $21,312 
OREO— — — 
Total nonperforming assets40,216 49,949 21,312 
Nonaccrual loans / total loans0.50%0.63%0.27%
Nonperforming assets / total loans plus OREO0.50%0.63%0.27%
Allowance for credit losses / total portfolio loans1.16%1.17%1.24%
Allowance for credit losses / nonaccrual loans232%187%463%
Net loan charge-offs$995 $1,687 $1,158 
Net loan charge-offs (annualized) / average loans0.05%0.09%0.06%
Six Months Ended June 30,
(dollars in thousands)20262025
Asset Quality Data
Net loan charge-offs$2,682 $1,131 
Net loan charge-offs (annualized) / average loans0.07%0.03%
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 13
Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:
202620262025
SecondFirstSecond
(dollars in thousands, except per share data)QuarterQuarterQuarter
(1) Tangible Book Value (non-GAAP)
Total shareholders' equity$1,403,815 $1,430,681 $1,445,493 
Less: goodwill and other intangible assets, net of deferred tax liability(374,915)(375,059)(375,522)
Tangible common equity (non-GAAP)$1,028,900 $1,055,622 $1,069,971 
Common shares outstanding35,264,936 36,259,649 38,345,448 
Tangible book value (non-GAAP)$29.18 $29.11 $27.90 
Tangible book value is a preferred industry metric used to measure our company's value and commonly used by investors and analysts.
(2) Return on Average Tangible Shareholders' Equity (non-GAAP)
Net income (annualized)$146,975 $142,236 $127,951 
Plus: amortization of intangibles (annualized), net of tax577 583 653 
Net income before amortization of intangibles (annualized)$147,552 $142,819 $128,604 
Average total shareholders' equity$1,417,865 $1,455,682 $1,436,288 
Less: average goodwill and other intangible assets, net of deferred tax liability(374,991)(375,136)(375,572)
Average tangible equity (non-GAAP)$1,042,874 $1,080,546 $1,060,716 
Return on average tangible shareholders' equity (non-GAAP)14.15%13.22%12.12%
Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure financial performance.
(3) Pre-provision Net Revenue / Average Assets (non-GAAP)
Income before taxes$45,464 $44,044 $39,984 
Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange(169)— — 
Plus: Provision for credit losses1,112 1,327 1,974 
Total$46,407 $45,371 $41,958 
Total (annualized) (non-GAAP)$186,138 $184,005 $168,293 
Average assets$9,839,963 $9,865,455 $9,724,902 
Pre-provision Net Revenue / Average Assets (non-GAAP)1.89%1.87%1.73%
Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa exchange. We believe this to be a preferred industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital.
(4) Efficiency Ratio (FTE) (non-GAAP)
Noninterest expense$58,664 $56,707 $58,114 
Net interest income per consolidated statements of net income$90,380 $88,436 $86,572 
Plus: taxable equivalent adjustment584 590 590 
Net interest income (FTE) (non-GAAP)90,964 89,026 87,162 
Noninterest income14,860 13,642 13,500 
Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange(169)— — 
Net interest income (FTE) (non-GAAP) plus noninterest income$105,655 $102,668 $100,662 
Efficiency ratio (FTE) (non-GAAP)
55.52%55.23%57.73%
The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice.
- more -
S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 14
Six Months Ended June 30,
(dollars in thousands)20262025
(5) Return on Average Tangible Shareholders' Equity (non-GAAP)
Net income (annualized)$144,619 $131,684 
Plus: amortization of intangibles (annualized), net of tax580 712 
Net income before amortization of intangibles (annualized)$145,199 $132,396 
Average total shareholders' equity$1,436,669 $1,418,741 
Less: average goodwill and other intangible assets, net of deferred tax liability(375,063)(375,656)
Average tangible equity (non-GAAP)$1,061,606 $1,043,085 
Return on average tangible shareholders' equity (non-GAAP)13.68%12.69%
Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure financial performance.
(6) Pre-provision Net Revenue / Average Assets (non-GAAP)
Income before taxes$89,508 $81,685 
Plus: net loss (gain) on sale of securities and VISA Class B-2 exchange(169)2,295 
Plus: Provision for credit losses2,439 (1,066)
Total (non-GAAP)$91,778 $82,914 
Total (annualized) (non-GAAP)$185,077 $167,202 
Average assets$9,852,639 $9,676,053 
Pre-provision Net Revenue / Average Assets (non-GAAP)1.88%1.73%
Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa exchange. We believe this to be a preferred industry measurement, to help management, as well as investors and analysts, evaluate our ability to fund credit losses or build capital.
(7) Efficiency Ratio (FTE) (non-GAAP)
Noninterest expense$115,371 $113,205 
Net interest income per consolidated statements of net income$178,816 $169,895 
Plus: taxable equivalent adjustment1,174 1,208 
Net interest income (FTE) (non-GAAP)179,990 171,103 
Noninterest income28,502 23,929 
Plus: net loss (gain) on sale of securities and VISA Class B-2 exchange(169)2,295 
Net interest income (FTE) (non-GAAP) plus noninterest income$208,323 $197,327 
Efficiency ratio (FTE) (non-GAAP)
55.38%57.37%
The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice.
(8) Net Interest Margin (FTE) (non-GAAP)
Interest income and dividend income$254,392 $253,754 
Less: interest expense(75,576)(83,859)
Net interest income per consolidated statements of net income178,816 169,895 
Plus: taxable equivalent adjustment1,174 1,208 
Net interest income (FTE) (non-GAAP)$179,990 $171,103 
Net interest income (FTE) (annualized)$362,963 $345,042 
Average interest-earning assets$9,159,105 $8,956,057 
Net interest margin - (FTE) (non-GAAP)3.95%3.84%
The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income.



- more -

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited
S&T Earnings Release - 15
Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:
202620262025
SecondFirstSecond
(dollars in thousands)QuarterQuarterQuarter
(9) Tangible Common Equity / Tangible Assets (non-GAAP)
Total shareholders' equity$1,403,815 $1,430,681 $1,445,493 
Less: goodwill and other intangible assets, net of deferred tax liability(374,915)(375,059)(375,522)
Tangible common equity (non-GAAP)$1,028,900 $1,055,622 $1,069,971 
Total assets$9,944,013 $9,944,003 $9,810,069 
Less: goodwill and other intangible assets, net of deferred tax liability(374,915)(375,059)(375,522)
Tangible assets (non-GAAP)$9,569,098 $9,568,944 $9,434,547 
Tangible common equity to tangible assets (non-GAAP)10.75%11.03%11.34%
Tangible common equity to tangible assets is a preferred industry measurement to evaluate capital adequacy.
(10) Net Interest Margin (FTE) (non-GAAP)
Interest income and dividend income$128,059 $126,333 $128,906 
Less: interest expense(37,679)(37,897)(42,334)
Net interest income per consolidated statements of net income90,380 88,436 86,572 
Plus: taxable equivalent adjustment584 590 590 
Net interest income (FTE) (non-GAAP)$90,964 $89,026 $87,162 
Net interest income (FTE) (annualized)$364,856 $361,050 $349,606 
Average interest-earning assets$9,145,877 $9,172,481 $9,012,011 
Net interest margin (FTE) (non-GAAP)3.99%3.92%3.88%
The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP) adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between taxable and non-taxable sources of interest income.
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