S&T Bancorp reports Q2 EPS 89c, consensus 89c

Reports Q2 net charge-offs of $11.0M, or 0.60% of average loans annualized, compared to net recoveries of $5.1M, or 0.29% of average loans annualized, in the Q1. “We delivered another quarter of solid core profitability driven by strong net interest income and well-controlled expenses,” said Chris McComish, CEO. “In addition to our financial performance, I am extremely pleased with our employees’ efforts to live out our People-forward purpose. This was exemplified by our recent recognition on Forbes Best-In-State Banks 2023 list for the second consecutive year.”