S&T Bancorp, Inc. (STBA) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 PHILADELPHIA STREET
INDIANA, PA 15701
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments211,003923,357232,966202,973160,305117,152
Cash and cash equivalents210,009922,215229,666197,823155,489117,152
Short-term investments9941,1423,3005,1504,816 
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:211,003923,357232,966202,973160,305117,152
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 8761,0551,2781,513
Operating lease, right-of-use asset 43,08944,06746,24547,686
Property, plant and equipment    56,94041,73042,702
Intangible assets, net (including goodwill)378,802380,319382,099382,540290,047295,347
Goodwill373,424373,424373,424371,621287,446291,670
Intangible assets, net (excluding goodwill)5,3786,8958,67510,9192,6013,677
Amortization method qualified affordable housing project investments 23,60012,6008,4004,8006,3009,000
Total noncurrent assets:446,367438,041438,022493,479338,077347,049
Other undisclosed assets8,453,1978,127,1318,296,9098,068,1976,753,8396,596,054
TOTAL ASSETS:9,110,5679,488,5298,967,8978,764,6497,252,2217,060,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt370,00084,491140,163301,207488,383590,161
Total current liabilities:370,00084,491140,163301,207488,383590,161
Noncurrent Liabilities
Long-term debt and lease obligation54,45354,39364,08364,27745,61945,619
Long-term debt, excluding current maturities54,45354,39364,08364,27745,61945,619
Liabilities, other than long-term debt      800
Qualified affordable housing project investments, commitment      800
Total noncurrent liabilities:54,45354,39364,08364,27745,61946,419
Other undisclosed liabilities7,501,4558,143,1917,608,9407,207,1675,782,4585,539,644
Total liabilities:7,925,9088,282,0757,813,1867,572,6516,316,4606,176,224
Equity
Equity, attributable to parent1,184,6591,206,4541,154,7111,191,998935,761884,031
Common stock103,623103,623103,623103,62390,32690,326
Treasury stock, value(77,070)(66,833)(68,612)(60,982)(43,622)(32,081)
Additional paid in capital406,283403,095400,668399,944210,345216,106
Accumulated other comprehensive income (loss)(112,125)(7,090)8,971(11,670)(23,107)(18,427)
Retained earnings863,948773,659710,061761,083701,819628,107
Total equity:1,184,6591,206,4541,154,7111,191,998935,761884,031
TOTAL LIABILITIES AND EQUITY:9,110,5679,488,5298,967,8978,764,6497,252,2217,060,255

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues340,751289,262320,464320,839290,331303,305
Net investment income340,751289,262320,464320,484289,826260,642
Cost of revenue(1,098)(1,707)(1,206)(14,873)(14,995)(13,883)
Provision for loan, lease, and other losses    (14,873)(14,995)
Amortization of mortgage servicing rights (msrs) (1,098)(1,707)(1,206)   
Financial services costs(13,883)
Gross profit:339,653287,555319,258305,966275,336289,422
Operating expenses(52,268)(48,790)(51,382)(50,160)(25,604)(104,034)
Operating income:287,385238,765267,876255,806249,732185,388
Nonoperating income
(Bank Owned Life Insurance Income)
      2,756
Interest and debt expense(24,968)(13,150)(41,076)(73,693)(55,388)(34,909)
Other undisclosed loss from continuing operations before equity method investments, income taxes(93,487)(89,947)(205,761)(64,753)(71,165)(33,830)
Income from continuing operations before equity method investments, income taxes:168,930135,66821,039117,360123,179119,405
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:168,930135,66821,039117,360123,179119,405
Income tax expense (benefit)(33,410)(25,325)1(19,126)(17,845)(46,437)
Income from continuing operations:135,520110,34321,04098,234105,33472,968
Income before gain (loss) on sale of properties:110,34321,04098,234105,33472,968
Net income attributable to parent:135,520110,34321,04098,234105,33472,968
Other undisclosed net loss available to common stockholders, basic(381)(492)(68)(260)(304)(242)
Net income available to common stockholders, diluted:135,139109,85120,97297,974105,03072,726

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:135,520110,34321,04098,234105,33472,968
Other comprehensive income (loss)1071,5433,534(1,282)6,297(1,992)
Comprehensive income:135,627111,88624,57496,952111,63170,976
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(105,142)(17,604)17,10712,719(6,688)(2,651)
Comprehensive income, net of tax, attributable to parent:30,48594,28241,681109,671104,94368,325

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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