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INDIANA, Pa. - S&T Bancorp, Inc. (NASDAQ: STBA), the parent company of S&T Bank, has declared a cash dividend of $0.34 per share, marking a 3.03% increase from the $0.33 dividend distributed in the same period last year. The dividend, announced today, is payable on May 29, 2025, to shareholders of record as of May 15, 2025.
The modest hike in the dividend represents a continuation of the company’s practice of returning value to its shareholders. Based on the closing price of S&T Bancorp’s stock on April 29, 2025, which was $37.17, the new dividend rate implies an annualized yield of 3.66%.
S&T Bancorp Inc., with assets totaling approximately $9.7 billion, operates primarily in Pennsylvania and Ohio. Its principal subsidiary, S&T Bank, has a history dating back to 1902, demonstrating the institution’s long-standing presence in the regional banking sector.
This financial move by S&T Bancorp, Inc. is grounded in the company’s performance and strategic decisions made by its board of directors. The information regarding the dividend is based on a press release statement issued by the company.
In other recent news, S&T Bancorp reported its financial results for the first quarter of 2025, posting an earnings per share (EPS) of $0.87, which exceeded analyst expectations by 16%. Despite this positive earnings surprise, the company’s revenue came in at $93.75 million, falling short of the projected $96.4 million. S&T Bancorp’s net interest margin expanded to 3.81%, indicating improved profitability, while customer deposits and loans continued to grow, reflecting strong business momentum. The company also received recognition from Forbes, S&P, and USA Today for its financial performance and employee engagement. Analysts from firms like Stephens and Raymond James inquired about S&T Bancorp’s merger and acquisition potential and the impact of tariffs, with management expressing confidence in their strategic planning and risk management. The company anticipates crossing $10 billion in assets in the second half of 2025, with expectations of continued loan growth. S&T Bancorp’s leadership remains focused on both organic and inorganic growth opportunities, indicating a proactive approach to future expansion.
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