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
Website
CEO
Todd D. Brice
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
251434426
STBA stock data
()
Press releases
S&T Bancorp To Webcast First Quarter Earnings Conference Call
5 Apr 21
S&T Bancorp Announces Extension Of Share Repurchase Plan
16 Mar 21
S&T Bancorp, Inc. to Host Earnings Call
28 Jan 21
S&T Bancorp, Inc. Announces Fourth Quarter and Full Year 2020 Results
28 Jan 21
S&T Bancorp, Inc. Declares Dividend
26 Jan 21
Calendar
28 Feb 21
18 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 140 |
Opened positions | 28 |
Closed positions | 15 |
Increased positions | 41 |
Reduced positions | 38 |
13F shares |
Current |
---|---|
Total value | 584.55M |
Total shares | 23.52M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 5.78M | $143.52M |
Vanguard | 4.07M | $101.19M |
Dimensional Fund Advisors | 1.81M | $45.03M |
STT State Street | 1.36M | $33.79M |
MCQEF Macquarie | 1.29M | $32.07M |
S&T Bank | 1.07M | $26.68M |
NTRS Northern Trust | 922.07K | $22.9M |
Charles Schwab Investment Management | 662.59K | $16.46M |
Geode Capital Management | 596.15K | $14.81M |
Norges Bank | 488.92K | $12.15M |
Financial report summary
?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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Readability |
8th grade Avg
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New words:
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Removed:
ago, allocating, annuity, AOCI, auditor, claim, collective, detected, disclose, discrete, DTA, ending, expedient, expired, fewer, good, inconsistent, Institutional, Integrity, IRS, lived, modeling, nonbanking, permanently, pooling, positively, precluding, prevented, proceed, qualitatively, reclassify, remediation, rental, replace, retired, separated, shown, strip, universally, unrecoverable
Financial reports
10-K
2020 FY
Annual report
28 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
2 Mar 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
Current reports
8-K
Departure of Directors or Certain Officers
2 Apr 21
8-K
S&T Bancorp Announces Extension of Share Repurchase Plan
16 Mar 21
8-K
Regulation FD Disclosure
9 Feb 21
8-K
S&T Bancorp, Inc. Announces Fourth Quarter and Full Year 2020 Results
28 Jan 21
8-K
Amendments to Articles of Incorporation or Bylaws
23 Dec 20
8-K
Regulation FD Disclosure
16 Nov 20
8-K
S&T Bancorp, Inc. Announces Third Quarter 2020 Results
22 Oct 20
8-K
Departure of Directors or Certain Officers
16 Oct 20
8-K
Departure of Directors or Certain Officers
2 Oct 20
8-K
Regulation FD Disclosure
9 Sep 20
Registration and prospectus
425
Business combination disclosure
5 Sep 19
424B3
Prospectus supplement
22 Aug 19
S-4/A
Registration of securities issued in business combination transactions (amended)
20 Aug 19
S-4
Registration of securities issued in business combination transactions
11 Jul 19
S-3ASR
Automatic shelf registration
1 Aug 18
S-3ASR
Automatic shelf registration
15 Oct 15
S-4MEF
Addition of securities to prior registration
12 Mar 15
425
Business combination disclosure
29 Jan 15
424B3
Prospectus supplement
12 Jan 15
S-4/A
Registration of securities issued in business combination transactions (amended)
7 Jan 15
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 21
DEF 14A
Definitive proxy
6 Apr 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
7 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 19
DEF 14A
Definitive proxy
10 Apr 18
DEFA14A
Additional proxy soliciting materials
10 Apr 18
DEFA14A
Additional proxy soliciting materials
6 Apr 17
DEF 14A
Definitive proxy
4 Apr 17
Other
EFFECT
Notice of effectiveness
22 Aug 19
CORRESP
Correspondence with SEC
19 Aug 19
UPLOAD
Letter from SEC
15 Jul 19
EFFECT
Notice of effectiveness
8 Jan 15
EFFECT
Notice of effectiveness
29 Oct 12
CORRESP
Correspondence with SEC
25 Oct 12
CORRESP
Correspondence with SEC
3 Oct 12
UPLOAD
Letter from SEC
24 Sep 12
EFFECT
Notice of effectiveness
26 Jun 12
EFFECT
Notice of effectiveness
30 Jan 12
Ownership
4
S&T BANCORP / TODD D BRICE ownership change
5 Apr 21
4
S&T BANCORP / DAVID G ANTOLIK ownership change
5 Apr 21
4
S&T BANCORP / George Basara ownership change
5 Apr 21
4
S&T BANCORP / Charles Benner Carroll Jr ownership change
5 Apr 21
4
S&T BANCORP / Brian Richard Dobis ownership change
5 Apr 21
4
S&T BANCORP / Mary A Dornetto ownership change
5 Apr 21
4
S&T BANCORP / Ernest J. Draganza ownership change
5 Apr 21
4
S&T BANCORP / MARK KOCHVAR ownership change
5 Apr 21
4
S&T BANCORP / Melanie A Lazzari ownership change
5 Apr 21
11-K
Annual report of employee stock purchases
2 Apr 21
Transcripts
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
26 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
2018 Q4
Earnings call transcript
31 Jan 19
2018 Q3
Earnings call transcript
18 Oct 18
Reddit threads
Daily Discussion Thread - February 10th, 2021
10 Feb 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
Daily Discussion Thread - February 8th, 2021
8 Feb 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - November 4th, 2020
4 Nov 20
Daily Discussion Thread - November 3rd, 2020
3 Nov 20
Daily Discussion Thread - November 2nd, 2020
2 Nov 20