S&T Bancorp (S&T Bancorp) Effective Interest Rate on Debt % : 27.22% (As of Dec. 2023)

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What is S&T Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. S&T Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $166.4 Mil. S&T Bancorp's average total debt for the quarter that ended in Dec. 2023 was $611.2 Mil. Therefore, S&T Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 27.22%.

S&T Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for S&T Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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S&T Bancorp Effective Interest Rate on Debt % Chart

S&T Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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15.00

14.69

10.98

9.68

27.26

S&T Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.63	19.67	21.19	27.22	40.38

Competitive Comparison of S&T Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, S&T Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

S&T Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, S&T Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where S&T Bancorp's Effective Interest Rate on Debt % falls into.

S&T Bancorp Effective Interest Rate on Debt % Calculation

S&T Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -128.491	/	( (439.194	+	503.635)	/ 2 )
=	-1 * -128.491	/	471.4145
=	27.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	69.194	+	370
=	439.194

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.635	+	415
=	503.635

S&T Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -166.384	/	( (718.739	+	503.635)	/ 2 )
=	-1 * -166.384	/	611.187
=	27.22 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.739	+	630
=	718.739

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.635	+	415
=	503.635

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

S&T Bancorp (NAS:STBA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

S&T Bancorp Effective Interest Rate on Debt % Related Terms

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S&T Bancorp (S&T Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » S&T Bancorp Inc (NAS:STBA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Philadelphia Street, Indiana, PA, USA, 15701

Website

https://www.stbancorp.com

S&T Bancorp Inc is a bank holding company. The company operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York. It has one reporting unit, Community Banking. The company provides financial services with retail and commercial banking products, cash management services, trust and brokerage services. The company earns revenue from interest on loans and securities and fees charged for financial services provided to its customers.

Executives

Adkins Lewis W Jr	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Jeffrey D Grube	director	C/O S&T BANK ACCOUNTING DEPT, P O BOX 190, INDIANA PA 15701
Rachel Lynn Smydo	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
James Arvo Michie	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
William J Hieb	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Susan A Nicholson	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
Christopher J. Mccomish	director, officer: Chief Executive Officer	800 PHILADELPHIA STREET, INDIANA PA 15701
Peter Richard Barsz	director	800 PHILADELPHIA STREET, INDIANA PA 15701
James Thomas Gibson	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
Christina Anne Cassotis	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Christine J Olson	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
David G Antolik	officer: EXECUTIVE VICE PRESIDENT	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
Jerry Delmar Hostetter	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA STREET, INDIANA PA 15701
Carroll Charles Benner Jr	officer: Executive Vice President	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Brian Richard Dobis	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701