S&T Bancorp (STBA) investor relations material

Executive summary

• Net income reached $35.1 million ($0.94 per share), up 5.6% sequentially and 8% year-over-year.

• Return on assets was 1.44%, with ROE at 9.77% and ROTCE at 13.22%.

• Customer deposit growth exceeded $300 million, the highest in company history, with total deposits up $226.4 million (11.5% annualized).

• Share repurchases totaled 1,146,100 shares for $49.6 million in Q1, with $85.8 million over two quarters.

• Loan balances declined by $113 million due to lower commercial pipeline, higher CRE payoffs, and reduced utilization.

Financial highlights

• Net interest income was $88.4 million, down $2.6 million sequentially, mainly due to fewer days and absence of a prior quarter interest recovery.

• Net interest margin (FTE) was 3.92%, down 7 bps from Q4 2025 but remains strong.

• Noninterest income was $13.6 million, down $0.7 million sequentially, mainly due to seasonally lower card fees.

• Noninterest expense was $56.7 million, down $0.5 million sequentially, driven by lower salaries and benefits.

• Provision for credit losses was $1.3 million, down from $5.7 million in Q4 2025.

Outlook and guidance

• Loan growth guidance adjusted to low single digits for Q2 2026.

• Net interest margin expected to remain stable around current levels for 2026.

• Noninterest expense increase for 2026 targeted at ~3% year-over-year, with a quarterly run rate near $58 million.

• Fee income expected at $13–$14 million per quarter in 2026.

• Management highlights flexibility to support organic growth, pursue selective acquisitions, and continue share repurchases due to strong capital position.