S&T Bancorp Q1 net income falls to $31.2 million, or $0.81 per diluted share
S&T Bancorp reported first-quarter 2024 net income of $31.2 million, or $0.81 per diluted share, down from $39.8 million, or $1.02 per share, a year earlier and from $37.0 million, or $0.96 per share, in the fourth quarter of 2023. Net interest income and noninterest income both declined from the prior quarter, which the company attributed to higher funding costs and unusual fourth-quarter items, so shareholders are looking at lower earnings per share in both comparisons.
Key points
- Net income was $31.2 million, or $0.81 per diluted share, versus $39.8 million, or $1.02 per share, in Q1 2023
- Net interest income was $83.5 million, down $1.6 million from $85.1 million in Q4 2023, as funding costs rose
- Noninterest income fell to $12.8 million from $18.1 million in Q4 2023, which included a $3.3 million gain on OREO
- Total deposits rose $78.6 million to $7.6 billion at March 31, 2024, the third straight quarter of deposit growth
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.