Trade S&T Bancorp Inc - STBA CFD

S&T Bancorp Company profile

About S & T Bancorp Inc

S&T Bancorp, Inc. is a bank holding company. Its portfolio of segments includes commercial real estate (CRE), Commercial and Industrial (C&I), Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer. Its CRE loans includes both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and health care. Its CRE segment offers loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and health care. Its C&I offers loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Its Business Banking segment offers commercial purpose loans to small businesses that are standard, non-complex products evaluated through a streamlined credit approval process.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, S & T Bancorp Inc interest income decreased 10% to $289.3M. Net interest income after loan loss provision increased 66% to $259.9M. Net income applicable to common stockholders increased from $21M to $109.9M. Net interest income after loan loss provision reflects Taxable increase of 5% to $15.7M. Net income benefited from Deposits decrease of 70% to $10.8M (expense).

Equity composition

Common Stock $2.50 Par, 12/10, 50M auth., 29,714,038 issd., less. 1,762,349 shs. in Treas. @ $48.7M Insiders own 2.57%. Pref Stock no Par, 12/09, 10M auth., 108 676 issd. PO: 9/83, per reorganization of Savings & Trust Company of PA. Basis: 1-for-1. 3/85, 3-for-1 stock split; 11/98, 9/94, and 6/92,