NASDAQ$STBA

S&T Bancorp Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

S&T Bancorp reported net income for Q1 2022, driven by improvements in credit quality and strong consumer loan growth.

S&T Bancorp, Inc. announced a net income of $29.1 million, or $0.74 per diluted share, for the first quarter of 2022. The company saw improvements in credit quality, strong growth in its consumer loan portfolio, and a better net interest margin.

  • Return on average assets (ROA) of 1.25%, return on average equity (ROE) of 9.88% and return on average tangible equity (ROTE) (non-GAAP) of 14.61%.
  • Strong consumer loan growth of $38.6 million, or 9.8% annualized.
  • Nonperforming assets decreased $20.1 million, or 25%, compared to December 31, 2021.
  • Net loan recoveries of $2.0 million drove a negative provision for credit losses of $0.5 million for the first quarter of 2022.

Headline financials

Total Revenue

$83M

Previous: $87.9M-5.6%
EPS (adj)

$0.74

Previous: $0.81-8.6%
ROA

1.3%

Previous: 1.4%-12.0%
ROE

9.9%

Previous: 11.2%-11.4%
PPNR to Avg Assets

1.5%

No prior period
Capital Expenditures

-$660K

Previous: -$811K+18.6%
Free Cash Flow

$28.5M

Previous: $31.1M-8.4%
Net Income

$29.1M

Previous: $31.9M-8.6%
Operating Income

$67.2M

Previous: $69.5M-3.3%
Gross Profit

$82.3M

Previous: $84.6M-2.8%
Cash & Equivalents

$824M

Previous: $671M+22.7%
Total Assets

$9.43B

Previous: $9.33B+1.1%

Revenue & EPS history

S&T Bancorp · Revenue · Quarterly

$83M

Q1 2022-5.6%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

S&T Bancorp · $5.2M total across 2 segments · Q1 2021

  • Wealth Management
    $2.94M+24.6%
  • Other
    $2.25M

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 2022

Historical avgQ1 2022

-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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