S&T Bancorp reports Q2 EPS 89c, consensus 74c

Tangible book value was $24.71 vs. $24.03 at previous quarter end. Common equity tier 1 capital 13.89% from 13.59% at previous quarter. “I am extremely proud of our second quarter financial results with solid return metrics and a strong net interest margin,” said CEO Chris McComish. “The investments we have made in our people, processes and products to grow our customer base are producing results. We remain focused on our strategic priorities of deepening our customer deposit franchise, strengthening asset quality and maintaining solid core profitability all driven by our highly talented and engaged team.”