Q1 2026 S&T Bancorp Inc Earnings Call Transcript
Key Points
- S&T Bancorp Inc (STBA) reported a net income of $35 million, equating to $0.94 per share, marking an increase of almost 6% from Q4 2025 and 8% from the first quarter a year ago.
- The company achieved the highest level of customer deposit growth in its 125-year history, surpassing $8 billion, with broad-based growth across all lines of business.
- Asset quality showed improvement with non-performing assets down by $5.7 million, and loan charge-offs were low at $1.7 million.
- S&T Bancorp Inc (STBA) completed significant share repurchases, totaling almost $50 million in the first quarter, contributing to improved return metrics.
- The company is focused on expanding its commercial banking team in 2026, with new hires in both C&I and CRE banking, indicating a strategic push for growth.
- Loan balances declined by $113 million in Q1 due to a reduced commercial pipeline and increased competition for new commercial deals.
- Commercial real estate payoffs were higher than anticipated, impacting loan growth negatively.
- The net interest margin rate declined by 7 basis points in the first quarter, attributed to higher cash levels and competitive loan pricing.
- S&T Bancorp Inc (STBA) anticipates some seasonal or temporary fluctuations in deposit balances, which may affect future growth projections.
- Criticized and classified assets increased during the quarter, although they remain at manageable levels.
Welcome to the S&T Bancorp first-quarter 2026 earnings conference call. (Operator Instructions) Now, I would like to turn the call over to Chief Financial Officer, Mark Kochvar. Please go ahead.
Thank you. Good afternoon, everyone. Thank you for participating in today's earnings call.
Before beginning the presentation, I want to take time to refer you to our statement about forward-looking statements and risk factors. This statement provides the cautionary language required by the Securities and Exchange Commission for forward-looking statements that may be included in this presentation.
A copy of the first quarter 2026 earnings release, as well as this earnings supplement slide deck, can be obtained by clicking on the materials button in the lower right section of your screen. This will open up a panel on the right where you can download these items. You can also obtain a copy of these materials by visiting our Investor Relations website at
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