NASDAQ$STBA

S&T Bancorp Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

S&T Bancorp reported earnings for Q1 2020, which were impacted by one-time expenses related to the DNB Financial Corporation merger and the COVID-19 pandemic.

S&T Bancorp, Inc. announced first quarter 2020 earnings with a net income of $13.2 million, or $0.34 per diluted share. The results included one-time expenses of $2.3 million related to the DNB Financial Corporation merger. The company is focused on supporting customers and communities through the COVID-19 pandemic.

  • Portfolio loans increased $109.6 million, or 6.2% annualized, compared to the fourth quarter of 2019.
  • Net interest margin was 3.53%.
  • Return on average assets (ROA) was 0.61%, return on average equity (ROE) was 4.47%.
  • S&T's Board of Directors declared a $0.28 per share dividend, an increase of 3.7%.

Headline financials

Total Revenue

$82.4M

Previous: $71.7M+14.9%
EPS (adj)

$0.39

Previous: $0.66-40.9%
ROA

0.6%

No prior period
ROE

4.5%

No prior period
Capital Expenditures

-$1.43M

Previous: -$1.76M+18.7%
Free Cash Flow

$11.8M

Previous: $21.2M-44.3%
Net Income

$13.2M

Previous: $22.9M-42.3%
Operating Income

$34.9M

Previous: $45.9M-23.8%
Gross Profit

$64M

Previous: $71.7M-10.7%
Cash & Equivalents

$188M

Previous: $117M+60.7%
Total Assets

$9.01B

Previous: $7.23B+24.6%
Stock-Based Comp

$443K

Previous: $604K-26.7%

Revenue & EPS history

S&T Bancorp · Revenue · Quarterly

$82.4M

Q1 2020+14.9%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

S&T Bancorp · $9.4M total across 3 segments · Q1 2020

  • Service Charges
    $3.56M
  • Debit & Credit Card
    $3.48M
  • Wealth Management
    $2.36M

Forward guidance

Prior to the COVID-19 pandemic S&T had tremendous momentum across all lines of business and markets and are well positioned to capitalize on opportunities as the economy recovers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+9.4%

Q2 2013

Best reaction

-12.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+2.3%+3.3%
Q4 2025+2.9%+0.4%+6.5%
Q3 2025+1.7%+3.8%+10.6%
Q2 2025-1.0%-3.0%+1.6%
Q1 2025+0.8%+2.7%+0.8%
Q4 2024+0.9%+6.0%+5.7%
Q3 2024-6.3%-8.2%+0.3%
Q2 2024+3.6%+7.6%+2.6%
Q1 2024+4.3%+6.7%+13.4%
Q4 2023+1.9%+3.3%-9.2%
Q3 2023-4.8%-8.3%+5.8%
Q2 2023-2.9%-1.5%-5.0%
Q1 2023-6.9%-10.4%-8.1%
Q4 2022+9.1%+12.7%+15.2%
Q3 2022+7.3%+12.2%+15.2%
Q2 2022+1.7%+4.8%+10.9%
Q1 2022-2.0%-2.3%-5.1%
Q4 2021-5.4%-3.5%-3.4%
Q3 2021+1.9%+2.0%+2.6%
Q2 2021-2.7%-1.6%-0.2%
Q1 2021+3.1%+1.7%+6.5%
Q4 2020-6.1%-0.4%+6.7%
Q3 2020+2.1%-4.9%+10.4%
Q2 2020-9.6%-16.4%-13.3%
Q1 2020-12.4%-16.5%-23.8%
Q4 2019-1.0%+1.1%-13.4%
Q3 2019-1.6%+2.2%+1.4%
Q2 2019+0.9%+0.6%-4.3%
Q1 2019-5.6%-3.9%-4.7%
Q4 2018-4.4%-1.9%+3.2%
Q3 2018+1.6%-1.1%+1.3%
Q2 2018+3.6%+3.9%+3.2%
Q1 2018+2.5%+6.3%+9.9%
Q4 2017-1.5%+0.7%-5.9%
Q3 2017+0.9%+1.4%-2.7%
Q2 2017+3.6%+5.3%-5.2%
Q1 2017+1.4%+6.7%-2.7%
Q4 2016-1.1%-1.9%-3.9%
Q3 2016+1.8%+11.6%+20.7%
Q2 2016+0.3%+0.4%+6.9%
Q1 2016-1.7%
Q4 2015-5.3%
Q3 2015-3.9%
Q2 2015+4.4%
Q1 2015-2.3%
Q4 2014-4.8%
Q3 2014+6.3%
Q2 2014+3.0%
Q1 2014+3.5%
Q4 2013-4.4%
Q3 2013-3.5%
Q2 2013+9.4%
Q1 2013+7.5%
Q4 2012-0.4%
Q3 2012+6.0%
Q2 2012+4.9%
Q1 2011-0.7%
Q1 2012+0.9%
Q4 2009+0.4%
Q4 2011+0.4%
Q4 2010+0.4%
Q3 2011+0.5%
Q3 2010+0.5%
Q2 2011-7.8%
Q2 2010-7.8%
Q1 2010-6.5%

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