2023-04-20 07:43:11 ET
- S&T Bancorp press release ( NASDAQ: STBA ): Q1 GAAP EPS of $1.02 beats by $0.08 .
- Revenue of $101.98M (+22.9% Y/Y) misses by $1.85M .
- Solid return metrics with return on average assets of 1.77%, return on average equity of 13.38% and return on average tangible equity (non-GAAP) of 19.61% compared to ROA of 1.78%, ROE of 13.68% and ROTE (non-GAAP) of 20.36% for the fourth quarter of 2022.
- Net recovery of $5.1 million, or 0.29% of average loans (annualized), primarily related to a $9.3 million recovery from a customer fraud in 2020.
For further details see:
S&T Bancorp GAAP EPS of $1.02 beats by $0.08, revenue of $101.98M misses by $1.85M