S&T Bancorp (STBA) Reports In-Line Q2 EPS

S&T Bancorp (NASDAQ: STBA) reported Q2 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $71.58 million versus the consensus estimate of $70.2 million.

Second quarter net income was $21.4 million, or $0.61 diluted earnings per share (EPS), compared to second quarter of 2017 net income of $22.8 million, or $0.65 diluted EPS and first quarter of 2018 net income of $26.2 million, or $0.75 diluted EPS.

"Our core operating performance continues to be strong with net interest income and net interest margin improvement combined with excellent expense control," said Todd Brice, president and chief executive officer of S&T. "Loan growth resumed in the second quarter despite a notable increase in competition. We remain disciplined in our loan growth strategy with a strong focus on maintaining spreads."

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

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