S&T Bancorp (STBA) investor relations material

Executive summary

• Q3 net income was $38.6 million, up 10.4% YoY; diluted EPS reached a record $1.09, up 6.9% QoQ and 19.8% YoY.

• Results reflected 4.06% FTE NIM, favorable asset quality and lower funding costs; management prioritized profitable growth, deposit franchise investment and disciplined pricing.

Financial highlights

• Q3 net interest income was $93.1 million, up from $90.4 million QoQ and $89.2 million YoY; noninterest income was $14.7 million and noninterest expense was $57.6 million.

• 9M net income was $110.3 million, up 10.0% YoY; diluted EPS was $3.04 versus $2.60, and net interest income was $271.9 million versus $259.1 million.

• Total assets were $9.9 billion; period-end loans were $8.05 billion, down $4.4 million QoQ, and deposits were $8.06 billion, down $22.2 million.

• 9M revenue growth outpaced expense growth; the efficiency ratio improved to 54.65% from 56.35% in 9M 2025.

Outlook and guidance

• Q4 loan growth outlook is flat to low single-digit; construction funding and CRE growth are expected to remain relatively consistent in Q4 and Q1.

• NIM is expected to remain above 4% into 2027, subject to loan and deposit pricing competition; the September Fed increase is expected to add a couple of bps in Q4.

• Quarterly fee income is expected at $14 million to $15 million through year-end and into 2027; 2027 noninterest expense growth is targeted at ~3%, with quarterly expense trending toward $59 million to $60 million.

• Management expects low- to mid-single-digit asset growth over a year, including $500 million of loan growth, while balancing profitability and credit quality.