S&T Bancorp reports Q3 EPS , consensus 86c

Reports Q3 NII $103.6M, consensus $103.01M. Net Interest Margin – FTE – expanded 5 basis points to 3.93% vs. 3.88% in the prior quarter. Common equity tier 1 capital was 14.75% from 14.59% at previous quarter. Tangible book value was $28.69 from $27.90 at previous quarter end. “We delivered another solid quarter with strong return metrics thanks to the efforts of our team and their commitment to our people-forward banking purpose,” said CEO Chris McComish. “Our results reflect improving revenue gains supported by net interest margin expansion. We continue to build robust capital levels which provide us financial flexibility for future growth.”