S&T Bancorp Inc. Provides Tax-Rate Guidance for the Year 2016
January 26, 2016 at 06:00 pm
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S&T Bancorp Inc. provided tax-rate guidance for the year 2016. For the year, The company expects effective tax rate next year to be about the same as 2015, probably around 27%, as higher pretax earnings should be offset by the absence of some onetime items related to the options held to merger.
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. 
