S&T Bancorp reports Q3 EPS 85c, consensus 81c

Q2 net interest margin was 3.82% vs. 3.85% last year. Common equity tier 1 capital was 14.37 % from 13.89 % in previous quarter. Tangible book value was $26.13 from $24.71 in the previous quarter end. “We are pleased to report strong Q3 results, highlighted by solid return metrics, continued improvement in asset quality and our fifth consecutive quarter of customer deposit growth. Our capital levels continue to build, positioning us to take advantage of market opportunities,” said CEO Chris McComish. “These results would not be possible without the commitment and hard work of our teams and their focus on our people-forward purpose, which is moving our customers, employees and communities forward while delivering value to our shareholders.”