S&T Bancorp reports record full-year 2023 net income of $144.8M; raises dividend, authorizes $50M buyback

S&T BANCORP INC

2023-FY EPS reported $3.74

Full-year 2023 net income of $144.8M and diluted EPS of $3.74, both records.
Quarterly dividend raised to $0.33/share, up 3.1% from $0.32; payable Feb 22 to holders of record Feb 8.
Board authorized new $50M share repurchase plan expiring May 2025, replacing prior plan.
Asset size $9.6B, market cap $1.3B as of Dec 31, 2023; dividend yield 3.89%.
CEO cited record earnings for second consecutive year, driven by balanced loan and deposit growth.

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Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

S&T BANCORP INC reported financial results for three and twelve months ended December 31, 2023.

Period: three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On January 25, 2024 S&T Bancorp, Inc. (S&T) announced by press release its earnings for the three and twelve months ended December 31, 2023.

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Source: SEC EDGAR

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