S&T Bancorp reports Q4 EPS 86c, consensus 77c

Tangible book value was $26.25 from $26.13 at previous quarter. Q4 net interest margin on a fully taxable equivalent basis, FTE, was 3.77% vs. 3.82% in 3Q24. Common equity tier 1 capital ratio was 14.58% from 14.37% in previous quarter. “I’m incredibly proud of our results for the fourth quarter and all that we achieved in 2024,” said CEO Chris McComish. “Our performance was driven through meaningful progress on our key business drivers, including consistent growth in our customer deposit franchise and ongoing improvement in asset quality. We achieved excellent return and profitability metrics and have record levels of capital. We remain steadfast in our commitment to living our people-forward purpose every day as evidenced by our industry leading customer and employee loyalty. As we enter 2025, we do so with great momentum and optimism about S&T’s growth prospects.”