S&T Bancorp (STBA) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $35.1 million ($0.94 per share), up 8% year-over-year and 5.6% sequentially, with strong return metrics: ROA at 1.44%, ROE at 9.77%, and ROTE at 13.22%.

• Customer deposit growth was robust, exceeding $300 million and reaching $8.1 billion, with broad-based contributions across business lines and branches.

• Loan balances declined by $113 million, mainly due to lower commercial pipeline, higher CRE payoffs, and reduced utilization.

• Share repurchases totaled 1,146,100 shares for $49.6 million in Q1 2026, with $50.4 million remaining under the repurchase plan.

• Total assets remained stable at $9.9 billion.

Financial highlights

• Net interest income was $88.4 million, up 6.1% year-over-year but down sequentially due to fewer days and absence of prior quarter interest recovery.

• Net interest margin (FTE, non-GAAP) was 3.92%, down 7 bps sequentially but up 11 bps year-over-year.

• Noninterest income was $13.6 million, down $0.7 million sequentially but up $3.2 million year-over-year.

• Noninterest expense was $56.7 million, down $0.5 million sequentially and up $1.6 million year-over-year.

• Provision for credit losses was $1.3 million, up from a negative $3.0 million in Q1 2025.

Outlook and guidance

• Loan growth guidance adjusted to low single digits for Q2 2026.

• Net interest margin expected to remain stable around current levels for 2026.

• Noninterest expense increase for 2026 targeted at ~3% year-over-year, with a quarterly run rate near $58 million.

• Fee income expected at $13–$14 million per quarter in 2026.

• Management expects continued strong liquidity and capital positions, supporting organic growth, acquisitions, and share repurchases.