S&T Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 07:30 am EDT
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S&T Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 87.39 million compared to USD 83.8 million a year ago. Net income was USD 33.47 million compared to USD 37.25 million a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.95 a year ago.
For the nine months, net interest income was USD 264.3 million compared to USD 226.73 million a year ago. Net income was USD 107.73 million compared to USD 95.25 million a year ago. Diluted earnings per share from continuing operations was USD 2.78 compared to USD 2.43 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. 
