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Stock impact report

S&T BANCORP, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS [Yahoo! Finance]

S&T Bancorp, Inc. (STBA) 
Last s&t bancorp, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
Net income of $37.0 million , or per diluted share, for the fourth quarter of 2023 compared to net income of $33.5 million , or per diluted share, for the third quarter of 2023 and net income of $40.3 million , or per diluted share, for the fourth quarter of 2022. Net income increased 6.83% to a record $144.8 million for 2023 compared to net income of $135.5 million for 2022. Earnings per diluted share, or EPS, increased 8.09% to a record compared to per diluted share in 2022. Fourth Quarter of 2023 Highlights Strong return metrics with return on average assets (ROA) of 1.55%, return on average equity (ROE) of 11.79% and return on average tangible equity (ROTE) (non-GAAP) of 17.00% compared to ROA of 1.42%, ROE of 10.84% and ROTE (non-GAAP) of 15.78% for the third quarter of 2023. Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.97% compared to 1.99% for the third quarter of 2023. Net interest margin (NIM) (FTE) (non-GAAP) was solid at 3.92% compared to 4. Show less Read more
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