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

S&T Bancorp (NASDAQ: STBA) reported Q1 EPS of $0.46, $0.06 worse than the analyst estimate of $0.52.

Financial Condition

Total assets increased $161 million to $6.5 billion at March 31, 2016 compared to $6.3 billion at December 31, 2015. Commercial loans grew $137 million during the quarter, or a 14.3% annualized rate, with growth in commercial real estate and commercial and industrial portfolios. Consumer loans grew $12.4 million, or a 4.2% annualized rate, with growth primarily in residential mortgage loans. Total deposits increased $141 million, or an 11.7% annualized rate, to over $5.0 billion at March 31, 2016 as a result of our strategic focus to increase customer deposits. S&T's risk-based capital ratios decreased slightly this quarter due to strong asset growth. All capital ratios remain significantly above the well-capitalized thresholds of federal bank regulatory agencies.

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

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