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STBA S & T Bancorp

S&T Bancorp, Inc. is a bank holding company, which engages in the provision of financial services and insurance solutions for both business and individual clients. It offers traditional banking services, which include accepting time and demand deposits and originating commercial and consumer loans; brokerage services; and trust services including serving as executor and trustee under wills and deeds and as guardian and custodian of employee benefits. It also manages private investment accounts for individuals and institutions through its registered investment advisor. The company was founded on March 17, 1983 and is headquartered in Indiana, PA.

Company profile

Ticker
STBA
Exchange
CEO
Todd D. Brice
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
251434426

STBA stock data

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Calendar

28 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 229.67M 229.67M 229.67M 229.67M 229.67M 229.67M
Cash burn (monthly) 26.27M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 95.09M n/a n/a n/a n/a n/a
Cash remaining 134.58M n/a n/a n/a n/a n/a
Runway (months of cash) 5.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Lazzari Melanie A Common Stock Grant Aquire A No No 33.49 1,000 33.49K 10,887.018
1 Apr 21 Lazzari Melanie A Common Stock Grant Aquire A No No 33.0964 1,660 54.94K 9,887.018
1 Apr 21 Lazzari Melanie A Common Stock Payment of exercise Dispose F No No 33.49 149 4.99K 8,227.018
1 Apr 21 Kochvar Mark Common Stock Grant Aquire A No No 33.0964 3,761 124.48K 58,847.916
1 Apr 21 Kochvar Mark Common Stock Payment of exercise Dispose F No No 33.49 348 11.65K 55,086.916
1 Apr 21 Draganza Ernest J. Common Stock Grant Aquire A No No 33.0964 3,532 116.9K 27,008.896
1 Apr 21 Draganza Ernest J. Common Stock Payment of exercise Dispose F No No 33.49 254 8.51K 23,476.896
1 Apr 21 Mary A Dornetto Common Stock Grant Aquire A No No 33.0964 1,964 65K 6,979
1 Apr 21 Mary A Dornetto Common Stock Payment of exercise Dispose F No No 33.49 138 4.62K 5,015
1 Apr 21 Brian Richard Dobis Common Stock Grant Aquire A No No 33.49 2,000 66.98K 8,488

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

59.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 140 127 +10.2%
Opened positions 28 16 +75.0%
Closed positions 15 20 -25.0%
Increased positions 41 50 -18.0%
Reduced positions 38 34 +11.8%
13F shares
Current Prev Q Change
Total value 584.55M 1.22B -52.2%
Total shares 23.52M 23.41M +0.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 5.78M $143.52M +1.5%
Vanguard 4.07M $101.19M -2.8%
Dimensional Fund Advisors 1.81M $45.03M +0.3%
STT State Street 1.36M $33.79M +2.8%
MCQEF Macquarie 1.29M $32.07M -0.3%
S&T Bank 1.07M $26.68M -10.2%
NTRS Northern Trust 922.07K $22.9M -1.7%
Charles Schwab Investment Management 662.59K $16.46M +6.1%
Geode Capital Management 596.15K $14.81M -0.6%
Norges Bank 488.92K $12.15M NEW
Largest transactions
Shares Bought/sold Change
IVZ Invesco 98.62K -496.11K -83.4%
Norges Bank 488.92K +488.92K NEW
Hotchkis & Wiley Capital Management 292.45K +231.82K +382.4%
S&T Bank 1.07M -121.94K -10.2%
BK Bank Of New York Mellon 437K -115.8K -20.9%
Vanguard 4.07M -115.26K -2.8%
BLK Blackrock 5.78M +85.58K +1.5%
Renaissance Technologies 0 -64.64K EXIT
Citadel Advisors 28.52K -61.59K -68.4%
FormulaFolio Investments 52.55K +52.55K NEW

Financial report summary

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Risks
  • The duration and severity of the COVID-19 pandemic, in our principal area of operations, nationally and globally, has adversely impacted and will likely continue to adversely impact S&T’s business, results of operations and financial condition. While it is difficult to predict the further impact of the COVID-19 pandemic (or any other outbreak) on the economy and S&T, the future impacts may include, but are not limited to, the following:
  • The impact that the COVID-19 pandemic will have on S&T’s credit losses is uncertain, and continued economic uncertainty and deterioration in the forward looking economic forecasts used to estimate credit losses, as well as the potential inability of our credit models to accurately predict the relevant financial metrics, may adversely affect our ACL.
  • Fraudulent activity associated with our products and services could adversely affect our results of operations, financial condition and stock price, negatively impact our brand and reputation, and result in regulatory intervention or sanctions.
  • Our ability to assess the credit-worthiness of our customers may diminish, which may adversely affect our results of operations.
  • The value of the collateral used to secure our loans may not be sufficient to compensate for the amount of an unpaid loans and we may be unsuccessful in recovering the remaining balances from our customers.
  • Changes in the overall credit quality of our portfolio can have a significant impact on our earnings.
  • The adoption of ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, referred to as CECL, effective for us on January 1, 2020, resulted in a significant change in how we recognize credit losses. If the assumptions or estimates we used in adopting the new standard are incorrect or we need to change our underlying assumptions, there may be a material adverse impact on our results of operations and financial condition.
  • Our loan portfolio is concentrated within our market area, and our lack of geographic diversification increases our risk profile.
  • Our loan portfolio has a significant concentration of commercial real estate loans.
  • Failure to keep pace with technological changes could have a material adverse effect on our results of operations and financial condition.
  • A failure in or breach of our operational or security systems or infrastructure, or those of third parties, could disrupt our businesses, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
  • A cyber attack, information or security breach, or a technology failure of ours or of a third-party could adversely affect our ability to conduct our business or manage our exposure to risk, result in the disclosure or misuse of confidential or proprietary information, increase our costs to maintain and update our operational and security systems and infrastructure, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
  • We rely on third-party providers and other suppliers for a number of services that are important to our business. An interruption or cessation of an important service by any third-party could have a material adverse effect on our business.
  • Our net interest income could be negatively affected by interest rate changes which may adversely affect our financial condition.
  • Declines in the value of investment securities held by us could require write-downs, which would reduce our earnings.
  • Our strategy includes growth plans through organic growth and by means of acquisitions. Our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively.
  • We are subject to competition from both banks and non-banking companies.
  • We may be required to raise capital in the future, but that capital may not be available or may not be on acceptable terms when it is needed.
  • We are subject to extensive governmental regulation and supervision.
  • Our controls and policies and procedures may fail or be circumvented, which may result in a material adverse effect on our business, financial condition and results of operations.
  • Negative public opinion could damage our reputation and adversely impact our earnings and liquidity.
  • Our ability to pay dividends on our common stock may be limited
  • We rely on a stable core deposit base as our primary source of liquidity.
  • Our ability to meet contingency funding needs, in the event of a crisis that causes a disruption to our core deposit base, is dependent on access to wholesale markets, including funds provided by the FHLB of Pittsburgh.
  • The market price of our common stock may fluctuate significantly in response to a number of factors.
  • We may be a defendant from time to time in a variety of litigation and other actions, which could have a material adverse effect on our financial condition and results of operations.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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