NASDAQ$STBA

S&T Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

S&T Bancorp's financial performance decreased in Q2 2021, with net income declining compared to the previous quarter, while deposits increased.

S&T Bancorp, Inc. reported a net income of $28.4 million, or $0.72 per diluted share, for the second quarter of 2021. This compares to a net income of $31.9 million, or $0.81 per diluted share, for the first quarter of 2021, and a net loss of ($33.1) million, or ($0.85) per diluted share, for the second quarter of 2020.

  • Net income for Q2 2021 was $28.4 million, or $0.72 per diluted share.
  • Deposits increased by $139.2 million to $8.0 billion at June 30, 2021, compared to March 31, 2021.
  • Net interest margin (FTE) (non-GAAP) decreased 31 basis points to 3.16% compared to the first quarter of 2021.
  • Total assets increased $166.9 million to $9.5 billion at June 30, 2021 compared to $9.3 billion at March 31, 2021.

Headline financials

Total Revenue

$83.7M

Previous: $85.4M-1.9%
EPS (adj)

$0.72

Previous: $0.34+111.8%
ROA

1.2%

Previous: -1.4%+185.8%
ROE

9.7%

Previous: -11.2%+186.4%
Efficiency Ratio

54.4%

No prior period
ACL to Total Loans

1.6%

No prior period
Capital Expenditures

-$1.93M

Previous: -$2.86M+32.7%
Free Cash Flow

$26.4M

Previous: -$35.9M+173.6%
Net Income

$28.4M

Previous: -$33.1M+185.8%
Operating Income

$68.5M

Previous: -$21.2M+422.6%
Gross Profit

$81.7M

Previous: -$459K+17903.9%
Cash & Equivalents

$985M

Previous: $351M+180.4%
Total Assets

$9.5B

Previous: $9.47B+0.2%

Revenue & EPS history

S&T Bancorp · Revenue · Quarterly

$83.7M

Q2 2021-1.9%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Customer activity has increased substantially and our loan pipeline exceeds pre-pandemic levels making us optimistic about our growth prospects for the second half of 2021.

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 Q2 2021

Historical avgQ2 2021

-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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