Last $25.62 USD
Change Today +0.52 / 2.07%
Volume 36.5K
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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

s & t bancorp inc (STBA) Key Developments

S&T Bancorp Inc. Announces Executive Appointments

S&T Bancorp Inc. announce executive appointments. John Gambaiani has been named Vice President, Commercial Banker. He will be responsible for new business development and managing commercial banking relationships in the Columbus, Ohio region. Prior to joining S&T Bank, he most recently operated a privately owned mortgage brokerage company, handling all types of investor-owned commercial real estate as well as owner-occupied business properties. Present memberships include: Columbus Commercial & Industrial Investment Realtors, Ohio Real Estate Exchangors Club, Downtown Kiwanis Club, Children's Hospital Development Board, and the Athletic Club of Columbus. Nicholas Bigley has been named Vice President, Business Banker. His responsibilities will include forming new relationships and developing existing relationships with S&T Bank business clients. With over 8 years in the industry, he specializes in business lending, deposit production, and treasury management services. Cliff Ridgeway has been named Assistant Vice President, Commercial Banker. In his new role, he will work with current and prospective clients to provide commercial and business banking services. Ridgeway brings over 12 years of lending experience to the Columbus area S&T Bank team. Cliff Ridgeway has been named Assistant Vice President, Commercial Banker. In his new role, he will work with current and prospective clients to provide commercial and business banking services. Ridgeway brings over 12 years of lending experience to the Columbus area S&T Bank team.

S&T Bancorp Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-17-2014 08:00 AM

S&T Bancorp Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-17-2014 08:00 AM. Venue: Hyatt Regency Boston, One Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Todd D. Brice, Chief Executive Officer, President, Director, Chief Executive Officer of S&T Bank, President of S&T Bank and Director of S&T Bank.

S&T Bancorp Inc. Declares Dividend for Second Quarter of 2014, Payable August 28, 2014; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loan Charge-Offs for the Second Quarter of 2014

The Board of Directors of S&T Bancorp Inc. approved a $0.17 per share cash dividend for second quarter of 2014, at its regular meeting held July 28, 2014. The dividend is payable August 28, 2014 to shareholders of record on August 14, 2014. This dividend compares to a common stock dividend of $0.17 per share in the prior quarter and $0.15 per share declared in the same period a year ago. The company also announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $36,855,000 against $34,596,000 a year ago. The higher net interest income is due to an increase in average loans of $73.6 million and an improvement in the mix of earning assets. Income before taxes was $19,595,000 against $18,054,000 a year ago. Net income was $14,720,000 or $0.49 per diluted share against $14,103,000 or $0.47 per diluted share a year ago. Return on average assets was 1.26% against 1.26% a year ago. Return on average tangible assets was 1.33 % against 1.34% a year ago. Return on average shareholders' equity was 9.99% against 10.36% a year ago. Return on average tangible equity was 14.48% against 15.69% a year ago. Tangible book value was $14.07 against $12.38 a year ago. Total interest income was $39,872,000 against $38,553,000 a year ago. Tangible book value (non-GAAP) was $14.07 against $12.38 a year ago. Return on average tangible assets (non-GAAP) was 1.33% against 1.34% a year ago. Average tangible equity (non-GAAP) was 14.48% against 15.69% a year ago. For the six months, the company reported net interest income of $72,446,000 against $68,265,000 a year ago. Income before taxes was $37,399,000 against $32,606,000 a year ago. Net income was $28,753,000 or $0.97 per diluted share against $26,433,000 or $0.89 per diluted share a year ago. Return on average assets was 1.25% against 1.19% a year ago. Return on average tangible assets was 1.31 % against 1.27% a year ago. Return on average shareholders' equity was 9.91% against 9.81% a year ago. Return on average tangible equity was 14.45% against 14.93% a year ago. Total interest income was $78,537,000 against $76,396,000 a year ago. Return on average tangible assets (non-GAAP) was 1.31% against 1.27% a year ago. Average tangible equity (non-GAAP) was 14.45% against 14.93% a year ago. The company reported net loan charge-offs for the second quarter of 2014 of $1,099,000.

S&T Bank to Build Prototype Tech-Focused Branch

S&T Bank announced that it plans to open a new branch prototype to replace its current Indian Springs location. The new office will incorporate updated technological features aimed to enrich the customer experience. New technological features will include an interactive tech bar with tablets loaded with helpful resources and free in-branch Wi-Fi service to make banking easier for customers. The wireless hotspot will allow customers to use their own laptops, tablets, and smart phones to access the Internet. Customer service representatives will assist customers with downloading and using the mobile banking app or online banking. To provide added convenience, the branch will have a video conferencing area to connect customers to S&T experts remotely, and a self-contained cash-dispensing machine to streamline cash transactions.

S&T Bancorp Inc. to Report Q2, 2014 Results on Jul 29, 2014

S&T Bancorp Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

 

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