S&T Bancorp (STBA) Declares $0.28 Quarterly Dividend; 4.8% Yield
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S&T Bancorp (STBA) Misses Q2 EPS by $1.15
July 30, 2020 7:39 AM EDTS&T Bancorp (NASDAQ: STBA) reported Q2 EPS of ($0.85), $1.15 worse than the analyst estimate of $0.30.
Second Quarter of 2020 Highlights:
Return on average assets (ROA) was (1.41%), return on average equity (ROE) was (11.17%) and return on average tangible equity (ROTE) (non-GAAP) was (16.19%). Excluding the loss from the customer fraud ROA (non-GAAP) was 0.57%, ROE (non-GAAP) was 4.48% and ROTE (non-GAAP) was 6.86%.Portfolio loans increased $301.8 million compared to the first quarter of 2020. Excluding the PPP portfolio, loans decreased $245.8 million.With an influx of funds from PPP loans and stimulus payments, along with the heightened... More