S&T Bancorp, Inc. Announces Second Quarter 2026 Results and New Share Repurchase Program

S&T Bancorp, Inc. reported strong second quarter 2026 financial results, with net income of $36.6 million, or $1.02 per diluted share. Key highlights include a return on average assets (ROA) of 1.49%, return on average equity (ROE) of 10.37%, and return on average tangible shareholders' equity (ROTE) of 14.15%. The net interest margin (NIM) expanded to 3.99% on a fully taxable equivalent basis. Total portfolio loans grew by $99.0 million, while customer deposits remained stable. Asset quality remained strong, with nonperforming assets (NPAs) decreasing to $40.2 million and net charge-offs at $1.0 million. The company also announced that its board of directors authorized a new $100 million share repurchase program, effective July 27, 2026, replacing the existing program and set to expire on August 31, 2027. This new authorization reflects the company's commitment to returning value to shareholders.