S&T Bancorp Inc

S&T Bancorp declared a quarterly dividend of $0.37 per share, a 2.8% increase from the prior dividend of $0.36. The forward yield is 2.82%. The dividend is payable on August 27 to shareholders of record as of August 18, with the ex-dividend date also on August 18.

S&T Bancorp reported net income of $36.6 million, or $1.20 per diluted share, for the second quarter of 2026, an increase of 22.9% from the same period last year. Net interest income rose to $90.4 million, and the net interest margin expanded seven basis points to 3.99%. Portfolio loans grew by $99 million to $8.1 billion, driven by a $79 million increase in commercial and industrial loans, while customer deposits grew 8% annualized year to date. The company repurchased 1.1 million shares for $47.6 million and received board approval for a new $100 million buyback program. Management expects mid-single-digit loan growth for the remainder of 2026 and projects total assets will cross the $10 billion threshold in the second half of the year.

Piper Sandler raised its price target on S&T Bancorp to $51 from $45 while maintaining a Neutral rating, as part of a fiscal second-quarter earnings preview for the Northeast bank group. S&T Bancorp reported net income of $35.1 million for fiscal Q1 2026, up from $34.0 million in fiscal Q4 2025 and $33.4 million in fiscal Q1 2025. Diluted earnings per share reached $0.94, an increase of $0.05 from the prior quarter and $0.07 from the year-ago period.

S&T Bancorp, an Indiana-based bank, currently pays a quarterly dividend of $0.37 per share, yielding 3.16% compared to the Banks - Northeast industry average of 2.23% and the S&P 500's 1.43%. The company's annualized dividend of $1.48 is up 7.2% from last year, and it has increased its dividend four times over the past five years for an average annual increase of 5.08%. With a payout ratio of 40% and a Zacks Consensus Estimate for 2026 earnings of $3.75 per share, representing 7.45% growth, the stock holds a Zacks Rank of #3 (Hold).

S&T Bank has been named to the Forbes America's Best-In-State Banks 2026 list. The recognition is based on an independent survey of approximately 26,000 U.S. consumers who evaluated their primary banking relationships across categories including trust, customer service, financial advice, digital experience, and overall satisfaction. Chris McComish, chief executive officer of S&T Bank, said the honor reflects the bank's people-forward approach built on trusted relationships and deep community commitment. S&T Bank is the wholly owned subsidiary of S&T Bancorp, Inc., a $9.9 billion bank holding company headquartered in Indiana, Pennsylvania.