S&T Bancorp ( (STBA) ) has provided an update.
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S&T Bancorp, Inc. reported a net income of $32.6 million in the third quarter of 2024, showing strong performance with a return on average assets of 1.35% and a net interest margin of 3.82%. Despite a slight decline in net income from the previous quarter, S&T experienced robust customer deposit growth, which helped reduce higher-cost borrowings. The bank maintained a solid capital position, enabling it to leverage market opportunities while continuing to focus on asset quality improvements.
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