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STBABearishEarningsnews
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S&T Bancorp (STBA) Tops Q1 Earnings and Revenue Estimates

Apr 18, 2024, 9:46 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- S&T Bancorp reported earnings of $0.81 per share, surpassing the estimate of $0.80. - Company's revenues were $96.31 million, slightly exceeding the consensus estimate. - Stock has lost 12.6% YTD, while S&P 500 has gained 5.3%. - Estimate revisions trend for S&T Bancorp is mixed, with a Zacks Rank #3 (Hold). - Industry outlook can affect stock performance, Banks - Northeast rank is in bottom 42%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • S&T Bancorp reported earnings of $0.81 per share, surpassing the estimate of $0.80.
  • Company's revenues were $96.31 million, slightly exceeding the consensus estimate.
  • Stock has lost 12.6% YTD, while S&P 500 has gained 5.3%.
  • Estimate revisions trend for S&T Bancorp is mixed, with a Zacks Rank #3 (Hold).
  • Industry outlook can affect stock performance, Banks - Northeast rank is in bottom 42%.

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