S&T Bancorp, Inc. Reports Unaudited Consolidated Charge Offs for the First Quarter Ended March 31, 2024
April 18, 2024 at 07:29 am EDT
Share
S&T Bancorp, Inc. reported unaudited consolidated charge offs for the first quarter ended March 31, 2024. For the quarter, the company reported Net loan charge-offs of $6,589,000 against Net recoveries of $5,115,000 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. 
