S&T BANCORP INC STBA Income Statement

S&t bancorp inc (STBA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST AND DIVIDEND INCOME
Loans, including fees
82,051	77,425	75,080	74,728	73,392	71,515	68,631	66,610	63,055	63,407	62,450	60,558	56,900	55,168	53,956	52,019	51,158	49,574	49,578	48,933	39,927	37,797	37,233	36,614	35,649	35,949	35,733	35,765	35,045	36,127	36,121	36,596	36,337	37,401	38,103	38,968	39,649	42,718	42,662
Investment Securities:
Taxable
4,215	3,744	3,552	3,647	3,790	3,745	3,649	3,519	3,429	3,164	2,988	2,947	2,848	2,637	2,570	2,580	2,553	2,493	2,522	2,394	2,383	2,710	2,313	2,060	1,900	1,847	1,889	1,879	1,863	1,884	1,829	1,887	1,944	2,136	2,054	2,136	1,843	1,803	2,061
Tax-exempt
870	837	787	834	844	846	857	872	874	871	896	928	920	894	907	915	942	948	988	998	1,020	985	964	979	929	888	865	815	833	802	788	778	753	669	525	555	598	683	725
Dividends
453	451	394	415	564	483	490	580	671	413	389	481	482	398	375	336	366	337	581	286	586	-111	95	219	187	95	94	94	102	108	82	109	106	53	163	124	102	121	113
Total Interest and Dividend Income
87,589	82,457	79,813	79,624	78,590	76,589	73,627	71,581	68,029	67,855	66,723	64,914	61,150	59,097	57,808	55,850	55,019	53,352	53,669	52,611	43,916	41,381	40,605	39,872	38,665	38,779	38,581	38,553	37,843	38,921	38,820	39,370	39,140	40,259	40,845	41,783	42,192	45,325	45,561
INTEREST EXPENSE
Deposits
15,338	15,783	16,207	16,055	14,981	12,973	10,871	9,166	7,846	7,227	6,748	5,976	5,379	5,290	5,119	5,029	4,254	3,611	3,275	3,051	3,007	2,662	2,480	2,476	2,510	2,536	2,717	2,951	3,202	3,612	3,958	4,475	4,751	5,188	5,745	5,957	6,062	7,014	7,440
Borrowings and junior subordinated debt securities
2,215	2,262	2,410	2,742	3,253	3,775	3,494	4,012	3,251	2,799	2,519	2,368	1,893	1,348	1,234	1,113	1,128	856	798	749	650	652	596	541	564	589	590	1,006	972	1,017	1,067	1,076	1,068	1,004	1,231	1,288	1,258	1,300	1,401
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	95
Total Interest Expense
17,553	18,045	18,617	18,797	18,234	16,748	14,365	13,178	11,097	10,026	9,267	8,344	7,272	6,638	6,353	6,142	5,382	4,467	4,073	3,800	3,657	3,314	3,076	3,017	3,074	3,125	3,307	3,957	4,174	4,629	5,025	5,551	5,819	6,192	6,976	7,245	7,320	8,352	8,936
NET INTEREST INCOME
70,036	64,412	61,196	60,827	60,356	59,841	59,262	58,403	56,932	57,829	57,456	56,570	53,878	52,459	51,455	49,708	49,637	48,885	49,596	48,811	40,259	38,067	37,529	36,855	35,591	35,654	35,274	34,596	33,669	34,292	33,795	33,819	33,321	34,067	33,869	34,538	34,872	36,973	36,625
Financing Receivable And Off Balance Sheet Liability, Credit Loss, Expense (Reversal)
20,050	-	-	-	5,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	4,913	2,205	-	2,716	462	9,345	2,472	981	2,850	4,869	5,183	5,587	2,516	4,848	5,014	3,916	3,206	2,059	1,207	1,106	1,454	-1,134	289	1,562	3,419	1,023	2,307	4,215	2,305	7,023	9,272	2,337	1,535	1,097	10,640	8,278	9,127
Net Interest Income After Provision for Credit Losses
49,986	62,341	56,283	58,622	54,672	57,125	58,800	49,058	54,460	56,848	54,606	51,701	48,695	46,872	48,939	44,860	44,623	44,969	46,390	46,752	39,052	36,961	36,075	37,989	35,302	34,092	31,855	33,573	31,362	30,077	31,490	26,796	24,049	31,730	32,334	33,441	24,232	28,695	27,498
NONINTEREST INCOME
Net gain on sale of securities
0	-26	0	0	0	-	0	0	-	-987	0	3,617	370	0	0	0	0	0	0	-34	0	0	0	40	1	0	3	0	2	0	2,170	6	840	0	-81	-56	13	6	103
Commercial loan swap income
2,484	-	-	-	581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking
1,236	766	594	637	494	629	700	831	602	635	872	675	733	695	1,077	578	529	549	698	782	525	251	270	264	132	465	265	911	482	705	797	705	671	775	-447	246	625	1,573	166
Insurance
-	-	-	-	-	-	-	-	-	1,138	1,318	1,458	1,457	1,017	1,208	1,205	1,774	1,126	1,332	1,391	1,651	1,131	1,722	1,425	1,677	1,092	1,738	1,643	1,775	1,190	1,731	1,519	1,691	-275	2,192	2,181	2,132	2,125	1,964
Bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of a majority interest of insurance business
-	-	0	0	-	0	0	0	1,873	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,093	-	-	-	-	-	-	-	-	-	-
Gain on sale of credit card portfolio
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,066	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-719	-191	3,481	3,489	2,112	-35	2,367	2,268	2,357	2,523	2,681	2,048	2,176	2,868	1,695	2,101	2,911	-83	1,572	2,417	1,687	1,720	1,475	1,907	1,640	1,892	2,224	1,848	1,979	2,009	2,118	2,453	2,373	3,717	1,241	1,471	1,276	1,977	2,070
Total Noninterest Income
12,403	15,232	13,063	12,901	11,362	11,096	12,042	12,251	13,792	12,650	13,551	16,265	12,996	12,922	13,448	12,448	15,817	13,085	12,481	13,383	12,084	11,220	11,931	11,771	11,416	11,312	12,542	12,867	14,806	11,566	14,746	12,531	13,069	11,574	10,343	11,114	11,026	12,335	11,529
NONINTEREST EXPENSE
Salaries and employee benefits
21,335	22,850	19,936	20,290	20,910	18,913	19,769	18,611	18,815	20,007	20,325	19,903	20,541	19,786	19,011	17,626	20,902	17,228	16,789	17,455	16,780	14,471	14,823	15,772	15,376	15,145	14,910	14,725	16,067	11,988	14,819	14,641	16,472	13,446	11,741	12,571	13,320	11,887	11,811
Data processing and information technology
3,868	4,140	3,681	3,414	3,233	3,023	2,906	2,379	2,325	2,131	2,284	2,163	2,223	2,080	2,128	2,518	2,111	2,231	2,454	2,555	2,320	2,271	2,152	2,219	2,095	1,325	2,137	2,137	2,664	-121	2,012	2,195	3,240	1,925	1,743	1,681	1,504	1,547	1,451
Net occupancy
3,765	3,220	2,898	2,949	3,036	2,698	2,722	2,804	2,873	2,736	2,692	2,751	2,815	2,643	2,776	2,688	2,950	2,638	2,744	2,682	2,588	1,993	2,004	1,984	2,230	1,981	1,910	1,958	2,169	2,009	1,978	1,832	1,784	1,695	1,653	1,738	1,857	1,674	1,659
Furniture, equipment and software
2,519	2,337	2,090	2,301	2,230	1,987	2,005	2,134	1,957	2,199	1,890	1,810	2,047	1,710	1,932	1,719	1,929	1,632	1,653	1,582	1,226	1,461	1,308	1,277	1,271	1,261	1,084	1,230	1,308	1,401	1,414	1,209	1,238	1,136	1,263	1,365	1,177	1,176	1,313
Merger related expenses
2,342	10,180	552	618	0	-	0	0	-	-	-	-	-	-	-	-	-	0	0	866	2,301	689	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Joint venture amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	740	627	709
Other taxes
1,600	-817	1,540	1,456	1,185	1,255	1,341	1,739	1,848	1,242	1,208	1,083	976	974	1,080	896	1,100	896	719	1,159	842	542	839	893	631	790	1,039	915	999	667	982	777	774	712	864	903	902	739	942
Marketing
1,111	1,118	1,062	1,310	1,141	1,277	1,023	1,190	702	1,191	766	948	754	841	896	1,075	901	1,320	895	1,193	816	981	757	960	618	840	607	793	689	1,050	759	655	742	965	747	706	601	-	-
Professional services and legal
1,048	861	1,054	1,145	1,184	1,012	1,181	888	1,051	1,228	869	931	1,068	714	817	988	947	736	946	801	523	1,229	950	875	663	1,043	996	1,171	974	62	1,440	1,208	1,900	1,378	1,173	1,298	1,588	-	-
FDIC insurance
770	222	-675	695	516	645	746	739	1,108	1,083	1,152	1,185	1,123	1,045	1,005	994	940	923	990	808	695	619	607	579	631	660	629	707	776	761	838	719	608	678	749	917	1,226	1,359	1,398
Legal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	511	989
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	463	496
Other
8,033	6,102	5,529	6,174	5,449	5,605	5,392	5,379	5,403	6,132	5,367	5,823	5,261	5,831	4,794	6,249	6,636	6,214	6,639	6,348	5,530	5,465	5,000	5,606	5,399	5,564	4,631	4,750	5,970	5,933	6,776	6,108	6,025	5,477	4,260	4,415	4,534	4,965	4,967
Total Noninterest Expense
46,391	50,213	37,667	40,352	38,884	36,415	37,085	35,863	36,082	37,949	36,553	36,597	36,808	35,624	34,439	34,753	38,416	33,818	33,829	35,449	33,621	29,721	28,440	30,165	28,914	29,447	27,943	28,386	31,616	29,718	31,018	29,344	32,783	26,672	24,193	25,594	27,449	24,948	25,735
Income Before Taxes
15,998	27,360	31,679	31,171	27,150	31,806	33,757	25,446	32,170	31,549	31,604	31,369	24,883	24,170	27,948	22,555	22,024	24,236	25,042	24,686	17,515	18,460	19,566	19,595	17,804	15,957	16,454	18,054	14,552	11,925	15,218	9,983	4,335	16,632	18,484	18,961	7,809	16,082	13,292
Provision for income taxes
2,767	5,091	4,743	5,070	4,222	4,952	2,876	4,010	6,007	22,255	8,883	8,604	6,695	6,511	7,367	5,496	5,931	6,813	6,407	6,498	4,680	3,963	4,906	4,875	3,771	4,098	4,207	3,951	2,222	2,400	2,623	1,383	855	4,376	4,681	4,051	1,514	3,600	3,888
Preferred stock dividends and discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,939	1,559	1,558	1,555	1,551	1,549
Net Income Available to Common Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,317	12,244	13,352	4,740	10,931	7,855
Net Income (Loss) Attributable to Parent
13,231	22,269	26,936	26,101	22,928	26,854	30,881	21,436	26,163	9,294	22,721	22,765	18,188	17,659	20,581	17,059	16,093	17,423	18,635	18,188	12,835	-	14,660	14,720	14,033	-	12,247	14,103	12,330	-	12,595	8,600	3,480	12,256	13,803	14,910	6,295	12,482	9,404
Earnings per share—basic (in dollars per share)
0.34	0.62	0.79	0.76	0.67	0.77	0.89	0.62	0.75	0.27	0.65	0.66	0.52	0.52	0.59	0.49	0.46	0.51	0.54	0.52	0.41	0.50	0.49	0.49	0.47	0.41	0.41	0.47	0.41	0.33	0.43	0.30	0.12	0.32	0.44	0.48	0.17	0.39	0.28
Earnings per share—diluted (in dollars per share)
0.34	0.61	0.79	0.76	0.66	0.77	0.88	0.61	0.75	0.27	0.65	0.65	0.52	0.51	0.59	0.49	0.46	0.51	0.54	0.52	0.41	0.50	0.49	0.49	0.47	0.41	0.41	0.47	0.41	0.33	0.43	0.30	0.12	0.32	0.44	0.48	0.17	0.39	0.28
Dividends declared per share (in dollars per share)
0.28	0.28	0.27	0.27	0.27	0.27	0.25	0.25	0.22	0.22	0.20	0.20	0.20	0.20	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Comprehensive Income
30,573	-	29,142	33,513	29,104	-	28,573	20,444	14,637	-	22,975	22,503	19,376	-	19,686	20,427	24,434	-	22,420	14,695	16,640	-	13,515	18,343	17,079	-	12,874	6,651	11,569	-	14,514	9,297	3,502	-	15,932	17,251	6,240	-	-
Average common shares outstanding-basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,800	27,770
Average common shares outstanding-diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,813	27,797
Service charges on deposit accounts
Revenues from contract with customers
3,558	3,539	3,412	3,212	3,153	3,277	3,351	3,227	3,241	3,240	3,207	2,997	3,014	3,240	3,208	3,065	2,999	3,113	3,069	2,877	2,583	2,677	2,799	2,574	2,509	2,744	2,801	2,495	2,448	2,585	2,567	2,432	2,408	2,621	2,683	2,389	2,285	2,842	3,027
Debit and credit card
Revenues from contract with customers
3,482	3,455	3,475	3,501	2,974	3,192	3,141	3,309	3,037	3,077	3,067	3,042	2,843	3,125	3,163	2,869	2,786	3,382	2,996	3,020	2,715	2,646	2,909	2,724	2,502	2,566	2,764	3,150	2,451	2,662	2,966	2,839	2,667	2,715	2,790	2,739	2,645	1,951	2,283
Wealth management
Revenues from contract with customers
2,362	2,412	2,101	2,062	2,048	2,303	2,483	2,616	2,682	2,521	2,406	2,428	2,403	2,509	2,565	2,630	2,752	2,777	2,814	2,930	2,923	2,795	2,756	2,837	2,955	2,553	2,747	2,820	2,576	2,415	2,397	2,577	2,419	2,021	1,965	2,144	2,050	1,861	1,916