S&T Bancorp Files 8-K, Signals Upcoming Financial Disclosures

Ticker: STBA · Form: 8-K · Filed: Jan 25, 2024 · CIK: 719220

S&T Bancorp Inc 8-K Filing Summary
FieldDetail
CompanyS&T Bancorp Inc (STBA)
Form Type8-K
Filed DateJan 25, 2024
Risk Levellow
Pages4
Reading Time5 min
Key Dollar Amounts$2.50, $0.33, $0, $0.32, $33.97
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: regulatory-filing, financial-disclosure, 8-K

TL;DR

**STBA filed an 8-K, signaling imminent financial results and other key disclosures.**

AI Summary

S&T Bancorp, Inc. (STBA) filed an 8-K on January 25, 2024, reporting on events that occurred on January 24, 2024. This filing indicates the company will be disclosing its financial results and other material information, likely for the most recent quarter, and will be making these disclosures publicly available. For investors, this matters because it signals upcoming financial transparency, allowing them to assess the company's performance and make informed decisions about buying, holding, or selling STBA stock.

Why It Matters

This filing is a procedural step indicating that S&T Bancorp is preparing to release important financial information, which will directly impact investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This 8-K is a standard procedural filing indicating upcoming disclosures, not a report of adverse events.

Analyst Insight

A smart investor would monitor S&T Bancorp's news releases closely for the actual financial results and accompanying management commentary, as this 8-K is merely a precursor to those important disclosures.

Key Players & Entities

  • S&T BANCORP INC (company) — the registrant filing the 8-K
  • STBA (company) — the trading symbol for S&T Bancorp, Inc.
  • January 24, 2024 (date) — the date of the earliest event reported in the 8-K
  • January 25, 2024 (date) — the filing date of the 8-K
  • 000-12508 (other) — the Commission File Number for S&T Bancorp, Inc.

Forward-Looking Statements

  • S&T Bancorp will release its full quarterly earnings report shortly after this 8-K filing. (S&T Bancorp, Inc.) — high confidence, target: 2024-02-15
  • The upcoming financial disclosures will provide details on the company's performance for the quarter ending December 31, 2023. (S&T Bancorp, Inc.) — high confidence, target: 2024-01-31

FAQ

What is the purpose of this 8-K filing by S&T Bancorp, Inc.?

The 8-K filing by S&T Bancorp, Inc. on January 25, 2024, serves to report on 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' 'Other Events,' and 'Financial Statements and Exhibits,' indicating the company is making material non-public information public, likely related to its financial performance.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 24, 2024, as stated in the 'Date of Report (date of earliest event reported)' section.

What is the trading symbol and exchange for S&T Bancorp, Inc. common stock?

The trading symbol for S&T Bancorp, Inc. common stock is STBA, and it is registered on the NASDAQ Global Select Market, as indicated under 'Securities registered pursuant to Section 12(b) of the Act'.

Is S&T Bancorp, Inc. considered an emerging growth company?

No, S&T Bancorp, Inc. is not an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.

What is the state of incorporation for S&T Bancorp, Inc.?

S&T Bancorp, Inc. is incorporated in Pennsylvania, as stated under 'State or other jurisdiction of incorporation or organization'.

Filing Stats: 1,138 words · 5 min read · ~4 pages · Grade level 10.6 · Accepted 2024-01-25 07:30:35

Key Financial Figures

  • $2.50 — ange on which registered Common Stock, $2.50 par value STBA NASDAQ Global Select Mar
  • $0.33 — f Directors of S&T ("Board") approved a $0.33 per share cash dividend on January 24,
  • $0 — s Exhibit 99.4 . This is an increase of $0.01, or 3.13 percent, compared to a cash
  • $0.32 — percent, compared to a cash dividend of $0.32 in the same period in the prior year. T
  • $33.97 — g the January 23, 2024 closing price of $33.97 is 3.89 percent. The dividend is payabl
  • $50 million — ry 8, 2024. The Board authorized a new $50 million share repurchase plan at its regular me

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 25, 2024 S&T Bancorp, Inc. (S&T) announced by press release its earnings for the three and twelve months ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in this Item 2.02. The information contained in this Item 2.02 of this Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. In connection with the issuance of its earnings for the three and twelve months ended December 31, 2023 , S&T has also made available on its website materials that contain supplemental information about S&T's financial results ("Supplemental Information"). A copy of the supplemental information is attached hereto as Exhibit 99.2 and Exhibit 99.3 and is incorporated by reference in this Item 7.01. The information contained in this Item 7.01 of this Report on Form 8-K, including Exhibit 99.2 and Exhibit 99.3, is being furnished and shall not be deemed "filed" for purposes of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Other Events

Item 8.01 Other Events. The Board of Directors of S&T ("Board") approved a $0.33 per share cash dividend on January 24, 2024. A copy of the press release is attached hereto as Exhibit 99.4 . This is an increase of $0.01, or 3.13 percent, compared to a cash dividend of $0.32 in the same period in the prior year. The annualized yield using the January 23, 2024 closing price of $33.97 is 3.89 percent. The dividend is payable February 22, 2024 to shareholders of record on February 8, 2024. The Board authorized a new $50 million share repurchase plan at its regular meeting held January 24, 2024. The new plan is set to expire May 30, 2025 and will replace the existing share repurchase plan effective immediately. This repurchase authorization permits S&T to repurchase shares of S&T's common stock from time to time through a combination of open market and privately negotiated repurchases up to the authorized $50 million aggregate value of S&T's common stock. The specific timing, price and quantity of repurchases will be at the discretion of S&T and will depend on a variety of factors, including general market conditions, the trading price of the common stock, legal and contractual requirements and S&T's financial performance. The repurchase plan does not obligate S&T to repurchase any particular number of shares. S&T expects to fund any repurchases from cash on hand and internally generated funds. Any share repurchases will not begin until permissible under applicable laws. The information in this Form 8-K and the exhibits attached to this Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to a number of factors that could cause actual events to differ materially from those anticipated, including without limitation fluctuations in the market price of the common stock, regulatory, legal and contractual requirements, other uses of

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Earnings Press Release 99.2 2023 Highlights 99.3 Supplemental Information 99.4 Dividend Press Release 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized. S & T Bancorp, Inc. /s/ Mark Kochvar January 25, 2024 Mark Kochvar Senior Executive Vice President, Chief Financial Officer

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