S&T Bancorp Inc (STBA) experienced a net income (FY) surprise in the fourth quarter, but it had a negative impact on its annual performance, as evidenced by the decline in revenue and earnings per share (EPS) compared to the previous year.
- Q4 Earnings Surprise: STBA's Q4 earnings exceeded expectations with a net income (FY) surprise, although the specific amount of this surprise is not provided1.
- Annual Performance Impact:
- Revenue Decline: Despite the Q4 earnings surprise, the bank's annual revenue fell by 3.2% to $96.35 million compared to the previous year2.
- Earnings Per Share (EPS) Decline: The EPS for Q3 2024 was $0.85, which was a decrease from the $0.87 reported in the same period the previous year32. This decline contributes to a lower annual EPS.
- Profitability: The bank's annual net income, although not directly provided, can be inferred to be affected negatively by the revenue decline and the slight decrease in EPS.
In conclusion, while the Q4 earnings surprise was positive for that quarter, the overall annual performance of STBA was impacted negatively due to the decline in revenue and EPS. This reflects the challenges faced by the bank in maintaining profitability over the entire year despite a strong finish in the final quarter.
4/7/2025 08:15am
