S&T BANCORP INC : Results of Operations and Financial Condition (form 8-K)
January 27, 2022 at 01:28 pm
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Item 2.02 Results of Operations and Financial Condition.
On January 27, 2022 S&T Bancorp, Inc. announced by press release its earnings
for the three and twelve months ended December 31, 2021. 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.
Item 7.01 Regulation FD Disclosure.
In connection with the issuance of its earnings for the three and twelve months
ended December 31, 2021, 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 included
in this Current Report as Exhibit 99.2 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 hereto, is being furnished and shall not be
deemed to be "filed" for purposes of Section 18 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 reference in such a filing.
Item 8.01 Other Events.
The Board of Directors of S&T declared a $0.29 per share cash dividend on
January 24, 2022. A copy of the press release is attached hereto as Exhibit
99.3 . This is an increase of 3.6 percent compared to a common stock dividend
of $0.28 per share declared in the same period in the prior year. The annualized
yield using the January 24, 2022 closing price of $32.74 is 3.5 percent. The
dividend is payable February 24, 2022 to shareholders of record on February 10,
2022.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description of Exhibit
99.1 Press Release
99.2 Supplemental Information
99.3 Dividend Release
Cover Page Interactive Data File (embedded in the cover page formatted in
104 Inline XBRL)
S&T Bancorp, Inc. is a bank holding company. The Companyâs segments include Commercial Real Estate (CRE), Commercial and Industrial (C&I), Commercial Construction, Business Banking, Consumer Real Estate and Other Consumer. The CRE segment includes loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and healthcare. The C&I segment includes loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory, or equipment financing. The Commercial Construction segment includes loans made to finance the construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. The Business Banking segment includes commercial loans made to small businesses. Consumer Real Estate segment includes loans secured by first and second liens.
S&T BANCORP, INC. 
