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.
S&T Bancorp IncNet income up 22.9%, net interest margin expanded, loan growth, and new $100M buyback program announced.