S&T Bancorp (STBA) Misses Q1 EPS by 6c

S&T Bancorp (NASDAQ: STBA) reported Q1 EPS of $0.41, $0.06 worse than the analyst estimate of $0.47.

Highlights

• The merger with Integrity Bancshares, Inc. (Integrity) closed on March 4, 2015. The first quarter results included $2.3 million, or $0.05 per diluted share, of merger related expenses.
• S&T now has $6.0 billion in assets and a market cap of approximately $1.0 billion.
• Net loan charge-offs to average loans remained low at 0.10% for the first quarter of 2015 compared to 0.05% for the fourth quarter of 2014.
• S&T declared an $0.18 per share dividend compared to $0.17 in the same period a year ago.

"We are pleased to have closed on our merger with Integrity during the first quarter," said Todd Brice, president and chief executive officer of S&T. "This represents a significant milestone for our organization and begins our expansion efforts into southcentral Pennsylvania. It is exciting to see two organizations with such talented teams come together and work as one high-performing financial institution."

For earnings history and earnings-related data on S&T Bancorp (STBA) click here.

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