S&T Bancorp: 2Q Earnings Snapshot
INDIANA, Pa. (AP) _ S&T Bancorp Inc. (STBA) on Thursday reported second-quarter net income of $26.1 million.
The bank, based in Indiana, Pennsylvania, said it had earnings of 76 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The holding company for S&T Bank posted revenue of $92.5 million in the period. Its revenue net of interest expense was $73.7 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $72.6 million.
S&T Bancorp shares have decreased 2% since the beginning of the year. The stock has fallen 15% in the last 12 months.