NASDAQ$STBA

S&T Bancorp Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

S&T Bancorp's Q4 2021 earnings were announced.

S&T Bancorp, Inc. reported a net income of $22.5 million, or $0.57 per diluted share, for the fourth quarter of 2021. The quarter was highlighted by broad-based loan and deposit growth.

  • Return on average assets (ROA) was 0.94%, return on average equity (ROE) was 7.39% and return on average tangible equity (ROTE) (non-GAAP) was 10.95%.
  • Pre-tax pre-provision to average assets (PTPP) (non-GAAP) was 1.44%.
  • Total portfolio loans, excluding PPP, increased $122.6 million, or 7.2% annualized, compared to September 30, 2021.
  • Total deposit growth of $51.4 million with an improved deposit mix and strong noninterest-bearing demand growth compared to September 30, 2021.

Headline financials

Total Revenue

$84.5M

Previous: $85.5M-1.2%
EPS (adj)

$0.57

Previous: $0.62-8.1%
ROA

0.9%

No prior period
ROE

7.4%

No prior period
Efficiency Ratio

59.0%

Previous: 56.3%+4.9%
Capital Expenditures

$1.5M

Previous: $1.06M+41.6%
Free Cash Flow

$42.9M

Previous: $55.4M-22.6%
Net Income

$22.5M

Previous: $24.2M-7.0%
Operating Income

$27.2M

Previous: $29.9M-8.9%
Cash & Equivalents

$922M

Previous: $230M+301.5%
Total Assets

$9.49B

Previous: $8.97B+5.8%
Stock-Based Comp

$2.43M

Previous: -$121K+2105.8%

Revenue & EPS history

S&T Bancorp · Revenue · Quarterly

$84.5M

Q4 2021-1.2%vs Q4 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

S&T's fourth quarter was highlighted by broad based loan growth and solid deposit growth giving us great momentum as we enter 2022.

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 Q4 2021

Historical avgQ4 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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