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AI brief of an SEC Form 8-K · S&T Bancorp (STBA)

S&T Bancorp Q3 net income falls to $32.6 million, or $0.85 per diluted share

Negative Impact 3 of 5 earnings Written later

S&T Bancorp reported third-quarter 2024 net income of $32.6 million, or $0.85 per diluted share, down from $34.4 million, or $0.89 per share, in the second quarter and from $33.5 million, or $0.87 per share, in the third quarter of 2023. The company said capital levels continue to build, while its return on average equity fell to 9.58% from 10.61% in the prior quarter.

Key points

  • Net income was $32.6 million, or $0.85 per diluted share, versus $34.4 million, or $0.89, in Q2 2024 and $33.5 million, or $0.87, in Q3 2023.
  • Net interest income rose $0.9 million to $84.5 million, while the net interest margin eased to 3.82% from 3.85%.
  • Noninterest income fell $1.4 million to $11.9 million, including a $2.0 million net loss tied to Visa Class B-1 stock and securities repositioning.
  • Total deposits decreased $25.5 million in the quarter, as customer deposit growth of $100.5 million was offset by $126.0 million lower brokered deposits.

The filing

CompanyS&T Bancorp (STBA)
Form8-K, current report
Filed with the SECOct 17, 2024, 7:30 AM ET
Accession number0000719220-24-000085

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing 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 October 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.