S&T Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 07:30 am EDT
Share
S&T Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 88.12 million compared to USD 75.19 million a year ago. Net income was USD 34.47 million compared to USD 28.86 million a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 0.74 a year ago.
For the six months, net interest income was USD 176.91 million compared to USD 142.93 million a year ago. Net income was USD 74.27 million compared to USD 58 million a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.48 a year ago.
S&T Bancorp, Inc. is a bank holding company. The Companyâs segments include Commercial Real Estate (CRE), Commercial and Industrial (C&I), Commercial Construction, Business Banking, Consumer Real Estate and Other Consumer. The CRE segment includes loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and healthcare. The C&I segment includes loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory, or equipment financing. The Commercial Construction segment includes loans made to finance the construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. The Business Banking segment includes commercial loans made to small businesses. Consumer Real Estate segment includes loans secured by first and second liens.
S&T BANCORP, INC. 
