S&T Bancorp (STBA) Q4 FY2024 earnings: revenue $94 million, down 8.6% on the year

S&T Bancorp Inc. (STBA) reported revenue of $94 million for Q4 FY2024, the quarter ended 31 December 2024, down 8.6% on the same quarter a year earlier. Net income was $33 million, down 10.7% on the year, and diluted earnings per share $0.86. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue$94 milliondown 8.6%

Net income$33 milliondown 10.7%

Diluted EPS$0.86

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Revenue	94.3	96.4	103	-8.6%
Interest expense	n/a	n/a	41.6	n/a
Pre-tax income	41.3	41.4	46.0	-10.2%
Income tax	8.3	8.9	9.0	-7.8%
Effective tax rate	20.0%	21.4%	19.5%
Net income	33.1	32.6	37.0	-10.7%
Net margin	35.1%	33.8%	35.9%
Diluted EPS	$0.86	$0.85	$0.96	-10.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Operating cash flow	54.8	27.5	39.7	+38.1%
Capital expenditure	0.9	0.7	1.3	-33.7%
Free cash flow	53.9	26.8	38.4	+40.5%
Cash from investing	-65.2	17.5	-115	n/a
Cash from financing	27.1	-63.2	70.9	-61.7%
Buybacks	n/a	0.0	n/a	n/a
Dividends paid	13.0	12.6	12.6	+3.2%
Dividend per share	n/a	$0.33	n/a	n/a
Diluted shares, weighted	39m	39m	38m	+0.5%
Shares outstanding at period end	38m	38m	38m	+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Shareholders' equity	1,380	1,376	1,283	+7.5%
Deposits	7,783	7,655	7,522	+3.5%
Short-term borrowings	150	n/a	415	-63.9%
Other liabilities	345	553	331	+4.0%
Total liabilities and equity	9,658	9,584	9,552	+1.1%
Goodwill	373	373	373	+0.0%
Intangible assets	3.1	3.2	4.1	-24.7%
Securities held for sale or to maturity	986	1,007	969	+1.8%
Loans	7,641	7,585	7,545	+1.3%
Cash and equivalents	245	228	234	+4.8%
Other assets	409	388	426	-4.0%
Total assets	9,658	9,584	9,552	+1.1%

Questions

What was S&T Bancorp's revenue in Q4 FY2024?

S&T Bancorp (STBA) reported revenue of $94 million for Q4 FY2024, the quarter ended 31 December 2024, down 8.6% on the same quarter a year earlier.

How much did S&T Bancorp earn in Q4 FY2024?

Net income for Q4 FY2024 was $33 million, down 10.7% on the year, and diluted earnings per share $0.86.

When did S&T Bancorp report Q4 FY2024 results?

S&T Bancorp filed its 10-K for the year that ended with the quarter on 3 March 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	99.6	103	96.3	96.9	96.4	94.3	93.8	100	103	105	102	105
Interest expense	35.6	41.6	44.3	45.2	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	41.3	46.0	39.2	42.9	41.4	41.3	41.7	40.0	43.8	42.4	44.0	45.5
Tax rate	19%	20%	20%	20%	21%	20%	20%	20%	20%	20%	20%	19%
Net income	33.5	37.0	31.2	34.4	32.6	33.1	33.4	31.9	35.0	34.0	35.1	36.6
Net margin	34%	36%	32%	35%	34%	35%	36%	32%	34%	32%	34%	35%
Diluted EPS	$0.87	$0.96	$0.81	$0.89	$0.85	$0.86	$0.87	$0.83	$0.91	$0.89	$0.94	$1.02
Operating cash flow	54.4	39.7	46.4	44.7	27.5	54.8	28.9	28.3	40.5	36.2	42.5	27.8
Capital expenditure	2.2	1.3	0.5	0.8	0.7	0.9	1.7	1.2	0.6	1.2	1.0	0.8
Free cash flow	52.1	38.4	45.8	43.9	26.8	53.9	27.2	27.1	39.9	34.9	41.6	27.0
Buybacks	0.0	n/a	n/a	n/a	0.0	n/a	0.0	0.0	n/a	n/a	49.7	47.6
Dividends paid	12.3	12.6	12.6	12.7	12.6	13.0	13.0	13.2	13.1	13.6	13.4	13.3
Shares outstanding	38m	38m	38m	38m	38m	38m	38m	38m	38m	37m	36m	35m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 3 March 2025, accession 0000719220-25-000013: the filing on EDGAR. All of S&T Bancorp Inc.'s filings: EDGAR company page.

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