S&T Bancorp Inc 2025年季度报告

reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒AcceleratedfilerNon-accelerated filer☐Smallerreportingcompany Emerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ APPLICABLE ONLY TO CORPORATE ISSUERS:Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practical date.Common Stock, $2.50 Par Value -38,330,330shares as of April30, 2025 PARTI. FINANCIAL INFORMATIONCondensed Consolidated Financial Statements PARTII. OTHER INFORMATION Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety Disclosures 1 Securities and Exchange Commission, or SEC, on March 3, 2025. In the opinion of management, the accompanying interim financialinformation reflects all adjustments, consisting of normal recurring adjustments, necessary to present fairly our financial position and the results of operations for each of the interim periods presented.Results of operations for interim periods are not necessarilyindicative of the results of operations that may be expected for a full year or any future period. mounts in prior period financial statements and footnotes are reclassified whenever necessary to conform to the current period presentation. Reclassifications had no effect on our consolidated financial statements. Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that We have one operating segment, Community Banking, based upon our current reporting structure at the consolidated level. Thechief operating decision maker, or CODM, uses consolidated net income when allocating resources and making operating decisions.The accounting policies used to measure the profit and loss of the Community Banking segment are the same as those described in thesummary of significant accounting policies. The CODM does not review segment revenue or expense information at a lower level thanwhat is included in our Consolidated Statements of Net Income. Expenses included within other expenses in the Condensed In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures toenhance the transparency and decision usefulness of the disclosures. The amendments in this update address investor requests for more transparency about income tax information through improvements to disclosures primarily related to the rate reconciliation andincome taxes paid information. The amendments in this update are effective for fiscal years beginning after December 15, 2024. Weadopted ASU 2023-09, as of January 1, 2025 with no impact to the consolidated financial statements. We will provide the required updated disclosures in our Form 10-K for the year ended December 31, 2025. Recently Issued Accounting Standards Not Yet AdoptedIncome Statement (Subtopic 220-40)—Reporting Comprehensive Income—Expense Disaggregation DisclosuresIn November 2024, the FASB issued ASU 2024-03, Income Statement (Subtopic 220-40)—Reporting Comprehensive Income— NOTE 2.EARNINGS PER SHARE Diluted earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted earnings per share. The treasury stock method was used to determine earnings per share for the three monthsended March31, 2025 and the two-class method was used to determine earnings per share for the three months ended March31, 2024.The following table reconciles the numerators and denominators of basic and diluted EPS calculations for the periods presented:Three Months Ended March 31, Denominator for Earnings per Share—Treasury Stock Method: Weighted Average Shares Outstanding—BasicAdd: Potentially dilutive shares Denominator for Earnings per Share—Two-Class Method:Weighted Average Shares Outstanding—Basic Add: Average participating shares outstandingDenominator for Two-Class Method—Diluted Earnings per share—basic$0.87Earnings per share—diluted$0.87Restricted stock considered anti-dilutive excluded from potentially dilutive shares— market participants would use in determining fair value.A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair There have been no changes in our valuation methodologies during the three months ended March31, 2025. Refer to Note 1.Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements in our 2024 Form 10-K for more information on the valuation methodologies that we use for financial instruments recorded at fair value on a recurring or nonrecurring Assets and Lia