S&T Bancorp announces new executive appointment

S&T Bancorp , Inc. (NASDAQ:STBA), a state commercial bank headquartered in Indiana, PA, has announced the appointment of Melanie A. Lazzari as Executive Vice President and Chief Accounting Officer, effective Tuesday, May 13, 2025. The announcement was made in a recent 8-K filing with the Securities and Exchange Commission.

Lazzari, 45, has been serving as the controller of S&T since 2010. She brings over two decades of accounting and banking experience to her new role. A certified public accountant, Lazzari earned her bachelor’s degree in accounting from Pennsylvania State University.

According to the filing, Lazzari’s promotion did not come with an immediate change in compensation. Future adjustments to her pay will be considered in the normal course of business and subject to review and approval by the Compensation and Benefits Committee. Lazzari has a pre-existing Severance Agreement and Confidentiality, Trade Secrets, Non-Solicitation and Severance Agreement with S&T, which remains unaltered with her promotion.

The filing also clarified that there are no familial relationships between Lazzari and any director or executive officer of S&T Bancorp, nor are there any arrangements or understandings between her and any other persons related to her appointment as an officer. Furthermore, there are no transactions involving Lazzari that would necessitate disclosure under Item 404(a) of the Securities and Exchange Commission Regulation S-K.

This executive move is part of the company’s ongoing management structure and does not indicate any broader strategic shift. The information provided in this article is based on a press release statement from S&T Bancorp, Inc.

In other recent news, S&T Bancorp reported strong financial results for the first quarter of 2025, with earnings per share (EPS) reaching $0.87, surpassing analyst expectations of $0.75 by 16%. However, the company’s revenue was slightly below projections, coming in at $93.75 million against a forecast of $96.4 million. S&T Bancorp also announced a dividend increase to $0.34 per share, representing a 3.03% rise from the previous year. The company held its annual shareholder meeting, where all 11 directors were re-elected and Ernst & Young LLP was ratified as the independent registered public accounting firm for 2025.

Shareholders also approved a non-binding advisory vote on executive compensation. Additionally, S&T Bancorp’s net interest margin expanded to 3.81%, indicating improved profitability, while customer deposits and loans continued to grow. The company’s leadership expressed confidence in reaching $10 billion in assets by the second half of 2025, with plans for both organic and inorganic growth. Analyst discussions during the earnings call highlighted the company’s strategic initiatives and risk management practices amid macroeconomic uncertainties.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.