secwatch.observer — SEC 8-K summary
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Issuer:     S&T BANCORP INC (STBA)
CIK:        0000719220
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000719220-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719220/000071922024000007/0000719220-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719220/000071922024000007/stba-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000719220-24-000007

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