Regulatory Matters

12 Months Ended

Dec. 31, 2024

Regulatory Capital Requirements Under Banking Regulations [Abstract]

REGULATORY MATTERS

REGULATORY MATTERS

We are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements. Under capital guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our capital amounts and classification are also subject to qualitative judgments by the regulators about risk weightings and other factors.

The most recent notifications from the Federal Reserve and the FDIC categorized S&T and S&T Bank as well capitalized under the regulatory framework for corrective action. There have been no conditions or events that we believe have changed S&T's or S&T Bank’s status during 2024 and 2023.

Common equity tier 1 capital includes common stock and related surplus plus retained earnings, less goodwill and intangible assets subject to a limitation and certain deferred tax assets subject to a limitation. In addition, we made a one-time permanent election to exclude accumulated OCI from capital. For regulatory purposes, trust preferred securities totaling $24.0 million, issued by an unconsolidated trust subsidiary of S&T underlying junior subordinated debt, are included in Tier 1 capital for S&T. Total capital consists of Tier 1 capital plus junior subordinated debt and the ACL subject to limitation. We currently have $25.0 million in junior subordinated debt which is included in Tier 2 capital for S&T in accordance with current regulatory reporting requirements.

Quantitative measures established by regulation to ensure capital adequacy require us to maintain minimum amounts and ratios of Total, Tier 1 and Common Equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets. As of December 31, 2024 and 2023, we met all capital adequacy requirements to which we are subject.

The following table summarizes risk-based capital amounts and ratios for S&T and S&T Bank:

	Actual				Minimum Regulatory Capital Requirements				To be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Leverage Ratio
S&T	$	1,112,126	11.98	%	$	371,211	4.00	%	$	464,014	5.00	%
S&T Bank	1,060,010		11.43	%	371,002		4.00	%	463,752		5.00	%
Common Equity Tier 1 ratio
S&T	1,088,126		14.58	%	335,888		4.50	%	485,172		6.50	%
S&T Bank	1,060,010		14.21	%	335,722		4.50	%	484,932		6.50	%
Tier 1 Capital (to Risk-Weighted Assets)
S&T	1,112,126		14.90	%	447,851		6.00	%	597,134		8.00	%
S&T Bank	1,060,010		14.21	%	447,629		6.00	%	596,839		8.00	%
Total Capital (to Risk-Weighted Assets)
S&T	1,230,497		16.49	%	597,134		8.00	%	746,418		10.00	%
S&T Bank	1,178,335		15.79	%	596,839		8.00	%	746,049		10.00	%
As of December 31, 2023
Leverage Ratio
S&T	$	1,034,828	11.21	%	$	369,297	4.00	%	$	461,621	5.00	%
S&T Bank	995,824		10.79	%	369,133		4.00	%	461,416		5.00	%
Common Equity Tier 1 ratio
S&T	1,010,828		13.37	%	340,159		4.50	%	491,341		6.50	%
S&T Bank	995,824		13.18	%	339,954		4.50	%	491,045		6.50	%
Tier 1 Capital (to Risk-Weighted Assets)
S&T	1,034,828		13.69	%	453,545		6.00	%	604,727		8.00	%
S&T Bank	995,824		13.18	%	453,272		6.00	%	604,362		8.00	%
Total Capital (to Risk-Weighted Assets)
S&T	1,154,376		15.27	%	604,727		8.00	%	755,909		10.00	%
S&T Bank	1,115,315		14.76	%	604,362		8.00	%	755,453		10.00	%