S&T Bancorp Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/18 10:44

S&T Bancorp (NASDAQ:STBA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$96.8m (up 2.9% from 3Q 2023).
  • Net income: US$32.6m (down 2.5% from 3Q 2023).
  • Profit margin: 34% (down from 36% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$0.84 (down from US$0.88 in 3Q 2023).
earnings-and-revenue-history
NasdaqGS:STBA Earnings and Revenue History October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

S&T Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for S&T Bancorp that you need to take into consideration.