Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Balance Sheets of S&T Bancorp, Inc.

BALANCE SHEETS

	December 31,
(dollars in thousands)	2019		2018
ASSETS
Cash	$	7,509	$	8,869
Investments in:
Bank subsidiary	1,198,964		925,286
Nonbank subsidiaries	16,393		15,479
Other assets	9,741		8,458
Total Assets	$	1,232,607	$	958,092
LIABILITIES
Long-term debt	$	39,277	$	20,619
Other liabilities	1,332		1,712
Total Liabilities	40,609		22,331
Total Shareholders’ Equity	1,191,998		935,761
Total Liabilities and Shareholders’ Equity	$	1,232,607	$	958,092

Statements of Net Income of S&T Bancorp, Inc.

STATEMENTS OF NET INCOME

	Years ended December 31,
(dollars in thousands)	2019			2018			2017
Dividends from subsidiaries	$	59,490		$	44,988		$	36,169
Investment income	1			24			22
Total Income	59,491			45,012			36,191
Interest expense on long-term debt	1,285			1,149			955
Other expenses	4,325			3,988			3,801
Total Expense	5,610			5,137			4,756
Income before income tax and undistributed net income of subsidiaries	53,881			39,875			31,435
Income tax benefit	(1,189		)	(1,093		)	(1,596		)
Income before undistributed net income of subsidiaries	55,070			40,968			33,031
Equity in undistributed net income (distribution in excess of net income) of:
Bank subsidiary	42,683			68,385			40,877
Nonbank subsidiaries	481			(4,019		)	(940		)
Net Income	$	98,234		$	105,334		$	72,968

Statements of Cash Flows of S&T Bancorp, Inc.

STATEMENTS OF CASH FLOWS

	Years ended December 31,
(dollars in thousands)	2019			2018			2017
OPERATING ACTIVITIES
Net Income	$	98,234		$	105,334		$	72,968
Equity in undistributed (earnings) losses of subsidiaries	(43,164		)	(64,366		)	(39,937		)
Other	(99		)	1,695			480
Net Cash Provided by Operating Activities	54,971			42,663			33,511
INVESTING ACTIVITIES
Net investments in subsidiaries	176			—			—
Acquisitions	(10		)	—			—
Net Cash Used in Investing Activities	166			—			—
FINANCING ACTIVITIES
Sale of treasury shares, net	(915		)	(657		)	(689		)
Purchase of treasury shares	(18,222		)	(12,256		)	—
Cash dividends paid to common shareholders	(37,360		)	(34,539		)	(28,569		)
Payment to repurchase of warrant	—			(7,652		)	—
Net Cash Used in Financing Activities	(56,497		)	(55,104		)	(29,258		)
Net (decrease) increase in cash	(1,360		)	(12,441		)	4,253
Cash at beginning of year	8,869			21,310			17,057
Cash at End of Year	$	7,509		$	8,869		$	21,310