$50.520
-0.207 (-0.41%)Al cierre
Noticias de STBA
Eventos de STBA
Net Interest Margin Expands to 4.06%, Record Earnings Achieved
Net interest margin on a fully taxable equivalent basis expanded 7 basis points to 4.06% compared to 3.99% in the second quarter of 2026. "Our results reflect another strong quarter, highlighted by record earnings per share, record revenue and higher core profitability," said Chris McComish, CEO. "We delivered broad-based strength across our income statement which reflects our disciplined operating strategy and continued focus on creating shareholder value. We believe we are well-positioned to build on this momentum and capitalize on future opportunities."
Q2 Net Interest Margin Expands to 3.99%
Q2 net interest margin on a fully taxable equivalent basis expanded 7 basis points to 3.99% compared to 3.92% in Q1. Tangible book value was $29.18 from $29.11 in Q1 and $27.90 in the year ago quarter. Common equity tier 1 capital ratio was 13.64% from 14.18% in the previous quarter. "We delivered another strong quarter driven by disciplined execution of our strategy," said CEO Chris McComish. "Our results reflected solid earnings and returns, good loan growth, stable deposits following strong Q1 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."
S&T Bancorp Authorizes $100M Share Repurchase Program
S&T Bancorp announced that the board of directors authorized a new $100M share repurchase program at its meeting held July 22. The new program will replace the existing share repurchase program effective July 27, and is set to expire August 31, 2027. The remaining capacity under the existing share repurchase program was terminated.
S&T Bancorp Declares Cash Dividend of 37 Cents per Share
The Board of Directors of S&T Bancorp approved a 37c per share cash dividend on April 29, 2026. This is an increase of 1c, or 2.78%, compared to a cash dividend of 36c per share declared in the prior quarter and an increase of 3c, or 8.82%, compared to a cash dividend of 34c per share declared in the same period in the prior year. The annualized yield using the April 28, 2026 closing price of $44.43 is 3.33%. The dividend is payable May 28, 2026 to shareholders of record on May 14, 2026.
Strong Q1 Earnings Highlight Commitment to Strategic Priorities
The first quarter delivered strong earnings performance, solid return metrics and robust deposit growth, underscoring the team's commitment to our strategic priorities," said Chris McComish, CEO. "Grounded in our people-forward approach to banking, we remain focused on deepening relationships and delivering meaningful value to our customers, communities and shareholders."
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