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Last $29.92 USD
Change Today +0.44 / 1.49%
Volume 110.9K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

s & t bancorp inc (STBA) Key Developments

S&T Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

S&T Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $52,611,000 against $39,872,000 a year ago. Net interest income after provision for loan losses was $46,752,000 against $37,989,000 a year ago. Income before taxes was $24,686,000 against $19,595,000 a year ago. Net income was $18,188,000 or $0.52 per diluted share against $14,720,000 or $0.49 per diluted share a year ago. Book value per share was $22.15 against $20.04 a year ago. Tangible book value per share was $13.65 against $14.07 a year ago. Return on average assets was 1.21% against 1.26% a year ago. Return on average tangible assets was 1.29% against 1.33% a year ago. Return on average shareholders' equity was 9.52% against 9.99% a year ago. Return on average tangible equity was 15.79% against 14.48% a year ago. Tangible book value (non-GAAP) was $13.65 against $14.07 a year ago. Return on average tangible assets (non-GAAP) was 1.29% against 1.33% a year ago. Return on average tangible equity (non-GAAP) was 15.79% against 14.48% a year ago. Tangible common equity to tangible assets (non-GAAP) was 8.14% against 9.10% a year ago. Net interest income (FTE) (non-GAAP) was $50,305,000 against $38,248,000 a year ago. Net interest income increased $8.6 million to $48.8 million compared to $40.2 million for the first quarter of 2015. The increase in net interest income was primarily due to the merger with Integrity Bancshares (the Merger) that occurred on March 4, 2015. For the six months, the company reported total interest income of $96,526,000 against $78,537,000 a year ago. Net interest income after provision for loan losses was $85,804,000 against $73,291,000 a year ago. Income before taxes was $42,201,000 against $37,399,000 a year ago. Net income was $31,023,000 or $0.94 per diluted share against $28,753,000 or $0.97 per diluted share a year ago. Return on average assets was 1.11% against 1.25% a year ago. Return on average tangible assets was 1.18% against 1.31% a year ago. Return on average shareholders' equity was 8.75% against 9.91% a year ago. Return on average tangible equity was 13.85% against 14.45% a year ago. Return on average tangible assets (non-GAAP) was 1.18% against 1.31% a year ago. Return on average tangible equity (non-GAAP) was 13.85% against 14.45% a year ago. Net interest income (FTE) (non-GAAP) was $91,956,000 against $75,163,000 a year ago. The company reported net charge-offs for the second quarter of 2015 were $1.3 million compared to net charge-offs of $1.0 million in the first quarter of 2015.

S&T Bancorp Inc., Board Meeting, Jul 20, 2015

S&T Bancorp Inc., Board Meeting, Jul 20, 2015. Agenda: To declare an $0.18 per share cash dividend.

S&T Bancorp Inc. to Report Q2, 2015 Results on Jul 21, 2015

S&T Bancorp Inc. announced that they will report Q2, 2015 results at 1:00 PM, US Eastern Standard Time on Jul 21, 2015

S&T Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

S&T Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

S&T Bancorp Names Three Bank Executives to Western New York Office

S&T Bancorp announced that it has added Charles La Gattuta as senior vice president, commercial banker, Douglas Crego as vice president, business banker, and Kevin Hurley as vice president, commercial banker to its loan production office in western New York. La Gattuta brings more than 30 years of financial expertise to S&T Bank. As senior vice president, commercial banker, La Gattuta will be responsible for acquiring new commercial clients and growing relationships in the western New York market. Crego joins S&T with 20 years of experience in the banking and small business management industries and offers a unique knowledge of western New York. In his new role, he will be responsible for business development and overseeing the formation and growth of customer relationships with local businesses in the area. As vice president, commercial banker, Hurley will be responsible for forming commercial banking relationships with new customers and developing opportunities to grow business in the western New York region.

 

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Industry Analysis

STBA

Industry Average

Valuation STBA Industry Range
Price/Earnings 15.4x
Price/Sales 4.9x
Price/Book 1.3x
Price/Cash Flow 17.1x
TEV/Sales 2.0x
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