S&T Bancorp Reports Q4 Earnings Beat, Revenue Miss
Indiana, Pennsylvania-based S&T Bancorp Inc. (STBA) announced its fourth-quarter financial results on Thursday, reporting earnings of $33.1 million or 86 cents per share.
These results exceeded market expectations; analysts polled by Zacks Investment Research had anticipated earnings of 78 cents per share.
During the quarter, S&T Bank's holding company generated $139 million in revenue. However, its net interest income of $94.3 million fell short of Street forecasts.
For the full year, the company recorded a profit of $131.3 million ($3.41 per share) and revenue of $383.9 million.