The strong EPS beat and NIM expansion confirm the bank is benefiting from a favorable rate environment and disciplined funding mix. The new $100M buyback (replacing the prior plan) signals management's confidence in capital strength and undervaluation. Watch for continued loan growth and deposit cost trends on the Q3 call; the stock may re-rate higher if guidance implies sustained NIM above 3.90%.
Price Chart
Executive Summary
S&T Bancorp reported Q2 2026 EPS of $1.02, beating consensus of $0.92 by 11%, with net income of $36.6M (+4.5% QoQ, +14.9% YoY). Net interest margin expanded 7bp to 3.99%, loan growth resumed at 5% annualized, and asset quality improved (NPAs down to 0.50%). The board authorized a new $100M share repurchase program, replacing the prior plan. The combination of a strong earnings beat, expanding NIM, improving credit, and a fresh buyback authorization signals accelerating profitability and shareholder return commitment.
Key Financial Metrics
Key Facts
- Q2 2026 diluted EPS $1.02 vs consensus $0.92 (beat by 11%)
- Net income $36.6M, up 8.5% from Q1 2026 and 14.9% from Q2 2025
- Net interest margin (FTE) expanded 7bp to 3.99%
- Total portfolio loans grew $99M (5.0% annualized) QoQ
- Nonperforming assets fell $9.7M to $40.2M (0.50% of loans)
- Board authorized new $100M share repurchase program through August 2027
- 1,074,924 shares repurchased in Q2 for $47.6M
Financial Impact
EPS beat of $0.10 (11%) on consensus $0.92; revenue of $105.2M modestly above $104.4M consensus; new $100M buyback represents ~5.6% of market cap at current price
Risk Factors
- Interest rate cuts could compress NIM if deposit costs don't fall proportionally
- Commercial real estate exposure remains elevated; further economic softening could increase charge-offs
- Tangible common equity ratio declined to 10.75% from 11.03% due to buybacks; aggressive repurchases could pressure capital ratios
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000719220-26-000087 |
| Document: stba-20260722.htm | 0000719220-26-000087 |
| Document: a2q26earningssupplement.htm | 0000719220-26-000087 |
| Document: stbaex993repurchaseplanpre.htm | 0000719220-26-000087 |
| Document: 0000719220-26-000087-index-headers.html | 0000719220-26-000087 |
| Document: 0000719220-26-000087-index.html | 0000719220-26-000087 |
| Document: 0000719220-26-000087.txt | 0000719220-26-000087 |
| 8-K Data (Synthetic) | 0000719220-26-000087 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $50.73 $50.52 | ▼ −0.41% | ▲ +0.11% | $50.87 (+0.28%) |
Oct 22, 2026 5d ago | Press Release | $50.73 $50.52 | ▼ −0.41% | ▲ +0.11% | $50.87 (+0.28%) |
Oct 1, 2026 25d ago | Press Release | $49.01 | awaiting T+1 | — | $50.87 (+3.80%) |
Aug 5, 2026 11w ago | Press Release | $52.60 $51.65 | ▼ −1.81% | ▼ −1.65% | $50.87 (−3.29%) |
Aug 5, 2026 11w ago | 8-K | $52.60 $51.65 | ▼ −1.81% | ▼ −1.65% | $50.87 (−3.29%) |
Jul 23, 2026 13w ago | 8-K | $50.98 $51.79 | ▲ +1.59% | ▲ +1.49% | $50.87 (−0.22%) |
May 15, 2026 23w ago | 8-K | $43.30 $44.27 | ▲ +2.24% | ▲ +2.30% | $50.87 (+17.48%) |
May 4, 2026 25w ago | 8-K | $43.83 $44.77 | ▲ +2.14% | ▲ +1.35% | $50.87 (+16.06%) |
Apr 23, 2026 26w ago | 8-K | $43.54 $43.22 | ▼ −0.73% | ▼ −1.52% | $50.87 (+16.84%) |
Mar 30, 2026 30w ago | DEFA14A | $41.83 $42.28 | ▲ +1.08% | ▲ +0.33% | $50.87 (+21.61%) |
US Market Status
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