S&T Bancorp Inc - STBA STOCK NEWS

S&T Bancorp, Inc. (NASDAQ: STBA) will hold a live conference call on July 22, 2021, at 1:00 p.m. ET to discuss its second quarter 2021 earnings. The company will release its earnings before the market opens on the same day. The conference call will feature interim CEO David G. Antolik and CFO Mark Kochvar, with public access via S&T Bank's Investor Relations webpage. A webcast replay will be available for 90 days post-call, and participants can submit questions before and during the call.

S&T Bank has appointed George Moy as the market executive and commercial banking regional manager for Northeast Ohio. With over 20 years of experience, Moy will drive the bank's growth strategy and enhance its brand presence in the region. S&T Bank, with $9.3 billion in assets, operates in five markets across Pennsylvania and Ohio. George Moy's leadership aims to improve customer experience and revenue through collaboration among various banking services. His previous roles include senior positions at large national banks.

S&T Bancorp, Inc. (NASDAQ: STBA) reported a record net income of $31.9 million, or $0.81 per diluted share for Q1 2021, up from $24.2 million in Q4 2020 and $13.2 million in Q1 2020. The bank's return on average assets reached 1.42%, with a net interest margin of 3.47%. Deposits surged by $455.5 million to $7.9 billion, while portfolio loans fell by $42.7 million to $7.2 billion. A consistent cash dividend of $0.28 per share was declared, in line with the previous year.

The Board of Directors of S&T Bancorp (NASDAQ: STBA) declared a cash dividend of $0.28 per share during a meeting on April 19, 2021. This maintains the same dividend amount as the previous year. Based on the $32.82 closing price on April 19, the annualized yield stands at 3.4%. The dividend will be payable on May 20, 2021 to shareholders of record by May 6, 2021.

S&T Bancorp, Inc. (NASDAQ: STBA) announced a conference call to discuss its first quarter 2021 earnings on April 22, 2021, at 1:00 p.m. ET. The earnings release will be available prior to market opening on the same day. The conference call will be led by interim CEO David G. Antolik and CFO Mark Kochvar and is open to the public via S&T Bank’s Investor Relations webpage. Participants can submit questions via email before and during the call. A replay will be available until April 29, 2021. For more details, visit S&T’s official website.

The Board of Directors of S&T Bancorp has extended its $50 million share repurchase plan, initially set to expire on March 31, 2021, through to March 31, 2022. Currently, $37.4 million remains available for repurchase. The plan allows S&T to buy back shares at its discretion, depending on market conditions and financial performance. Funding for the repurchase will come from cash on hand and internally generated funds. The plan does not mandate a specific number of shares to be repurchased.

S&T Bancorp, Inc. (STBA) reported its fourth quarter 2020 earnings with a net income of $24.2 million, or $0.62 per diluted share, up from $16.7 million in Q3 2020. However, full year net income dropped to $21.0 million from $98.2 million in 2019 due to a significant fraud loss of $58.7 million. Portfolio loans decreased by $169.0 million, and deposits fell by $213.3 million compared to September 30, 2020. Despite challenges, the company declared a consistent dividend of $0.28 per share. ROA stood at 0.23% and ROE at 1.80% for 2020, impacted by the pandemic and merger-related expenses.

The Board of Directors of S&T Bancorp declared a $0.28 per share cash dividend, consistent with the previous year's distribution. This dividend offers an annualized yield of 4.0% based on the January 25, 2021 closing price of $28.01. The dividend is payable on February 25, 2021 to shareholders of record as of February 11, 2021, indicating a stable return for investors.

S&T Bancorp, a $9.2 billion bank holding company, operates primarily within Pennsylvania and surrounding regions.

S&T Bancorp, Inc. (NASDAQ: STBA) will release its fourth quarter 2020 earnings on January 28, 2021, before market opening. A conference call led by CEO Todd D. Brice, President David G. Antolik, and CFO Mark Kochvar, will take place at 1:00 p.m. ET. Participants can access the call via S&T Bank's Investor Relations webpage. The call will focus on financial performance and future outlook, with a recording available for 90 days post-event. The company is a $9.2 billion bank holding entity operating in multiple markets, recognized for its customer service.