Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Balance Sheets of S&T Bancorp, Inc.

BALANCE SHEETS

	December 31,
(dollars in thousands)	2023		2022
ASSETS
Cash	$	20,733	$	13,817
Investments in:
Bank subsidiary	1,268,441		1,184,327
Nonbank subsidiaries	4,658		4,662
Other assets	14,695		11,819
Total Assets	$	1,308,527	$	1,214,625
LIABILITIES
Long-term debt	$	24,474	$	29,713
Other liabilities	608		253
Total Liabilities	25,082		29,966
Total Shareholders’ Equity	1,283,445		1,184,659
Total Liabilities and Shareholders’ Equity	$	1,308,527	$	1,214,625

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

STATEMENTS OF NET INCOME

	Years ended December 31,
(dollars in thousands)	2023		2022		2021
Dividends from subsidiaries	$	86,950	$	61,426	$	62,333
Investment income	—		—		—
Total Income	86,950		61,426		62,333
Interest expense on long-term debt	2,372		1,545		1,400
Other expenses	4,764		4,112		3,947
Tax expense	7,136		5,657		5,347
Income before income tax and undistributed net income of subsidiaries	79,814		55,769		56,986
Income tax benefit	(1,478)		(1,208)		(1,140)
Income before undistributed net income of subsidiaries	81,292		56,977		58,126
Equity in undistributed net income (distribution in excess of net income) of:
Bank subsidiary	63,337		79,566		57,025
Nonbank subsidiaries	152		(1,023)		(4,808)
Net Income	$	144,781	$	135,520	$	110,343

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

STATEMENTS OF CASH FLOWS

	Years ended December 31,
(dollars in thousands)	2023		2022		2021
OPERATING ACTIVITIES
Net Income	$	144,781	$	135,520	$	110,343
Equity in undistributed (earnings) losses of subsidiaries	(63,489)		(78,543)		(52,217)
Other	1,402		1,468		761
Net Cash Provided by Operating Activities	82,694		58,445		58,887
FINANCING ACTIVITIES
Repayment of long term debt	(5,464)		—		(9,750)
Sale of treasury shares, net	(798)		(808)		(629)
Purchase of treasury shares	(19,808)		(7,637)		—
Cash dividends paid to common shareholders	(49,708)		(46,952)		(44,324)
Net Cash Used in Financing Activities	(75,778)		(55,397)		(54,703)
Net increase (decrease) in cash	6,916		3,048		4,184
Cash at beginning of year	13,817		10,769		6,585
Cash at End of Year	$	20,733	$	13,817	$	10,769