S&T Bancorp (STBA) reported record third-quarter 2026 results, with diluted EPS of $1.09, up 19.8% year over year, supported by a 7 basis point rise in net interest margin to 4.06% and record revenue of nearly $108 million. Total portfolio loans were $8.05 billion at September 30, down $4.4 million as management prioritized profitability over volume, with C&I balances falling $51.1 million after several credits were exited due to credit deterioration and commercial real estate rising $64.8 million. Nonperforming assets declined $3.7 million to $36.5 million, while net charge-offs rose to $2.1 million from $1.0 million in the prior quarter. Fee income is expected to be $14 million to $15 million per quarter through 2027, and management expects the Durbin Amendment impact to be delayed until mid-2028 at the earliest because total assets did not cross $10 billion. Tangible book value rose $0.10 to $29.28 per share despite a $0.66 per-share hit from higher rates on the bond portfolio.
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Original headline: S & T Bancorp ( STBA ) Q3 2026 Earnings Call Transcript
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