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1. A community-focused PNC Bank.

2. Bank of America, but operating on a smaller, regional scale.

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• Deposit Products: Gathering funds from individuals and businesses through checking, savings, money market, and certificate of deposit accounts.
• Lending Services: Providing a range of loans including commercial, commercial real estate, residential mortgage, and consumer loans.
• Wealth Management & Trust Services: Offering investment management, financial planning, and trust administration for individuals and businesses.
• Treasury Management Services: Delivering cash management, payment processing, and other financial solutions to businesses.

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S&T Bancorp (STBA), a bank holding company, primarily sells its financial products and services to a broad and diversified base of individual consumers and businesses, rather than to a small number of identifiable "major customer companies." As a financial institution, its revenue is derived from interest on loans and fees for services from a large customer base. Therefore, the company primarily serves the following categories of customers:

• Individual Consumers (Retail Banking): This category includes everyday individuals and households who utilize S&T Bank for personal banking needs such as checking and savings accounts, certificates of deposit, mortgages, home equity loans, auto loans, personal loans, and credit cards. Services also extend to wealth management and trust services for individual clients.

• Small to Medium-sized Businesses (Commercial & Industrial Banking): This segment encompasses a wide range of local and regional businesses seeking financial solutions for their operations. Services include business checking and savings accounts, lines of credit, term loans for equipment and working capital, treasury management services (e.g., cash management, merchant services), and small business administration (SBA) loans.

• Commercial Real Estate Clients: This category focuses on individuals, investors, and developers involved in commercial real estate. S&T Bank provides financing for the acquisition, development, and refinancing of income-producing properties such as office buildings, retail centers, multi-family residences, industrial properties, and other investment properties.

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• Visa Inc. (V)
• Mastercard Incorporated (MA)
• NCR Corporation (NCR)

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Christopher J. McComish, Chair of the S&T Board and S&T Bank Board and Chief Executive Officer

Christopher J. McComish was appointed Chief Executive Officer of S&T Bancorp in August 2021 and Chair of the S&T Board in September 2025. With over 37 years of banking experience, he previously served as Senior Executive Vice President of Consumer Banking at TCF Bank from July 2018 to June 2021. Before TCF Bank, he was President and Chief Executive Officer of Scottrade Bank from August 2015 to December 2017. He also held roles as Head of Personal Banking and Chief Operating Officer for Personal and Commercial Banking at BMO Harris Bank from December 2008 to July 2015. McComish began his career at Wachovia Bank, where he spent over 20 years in various leadership capacities.

Mark Kochvar, Chief Financial Officer

Mark Kochvar has served as Chief Financial Officer for S&T Bank since 2010, overseeing finance, treasury, and accounting functions. He possesses over 30 years of experience within S&T Bank, having held various roles in finance. Prior to his appointment as CFO, he served as the treasurer from 2001 to 2010. Kochvar initially joined S&T Bank in 1992.

David G. Antolik, President and Director

David G. Antolik has been the President of S&T and S&T Bank since January 2019, and a director of S&T since 2019. He briefly served as Interim Chief Executive Officer and President from April to August 2021. With 36 years of banking experience, including 17 years in senior management at S&T, Antolik previously held the position of Chief Lending Officer for S&T and S&T Bank from 2008 to October 2020. He began his career with the bank as a credit analyst in 1990.

LaDawn Yesho, Chief Risk Officer

LaDawn Yesho has been the Chief Risk Officer of S&T Bancorp since July 2021. Her prior roles at S&T Bank include Assistant Corporate Secretary from 2016 to 2021 and Chief Audit Executive from 2009 to 2021. Before joining S&T Bank, Yesho worked as a Vice President and Finance Manager with PNC Services Group and as an Audit Senior Manager with Ernst & Young.

Stephen A. Drahnak, Executive Vice President and Chief Commercial Banking Officer

Stephen A. Drahnak has served as Chief Commercial Banking Officer at S&T Bank since January 2022. In this role, he is responsible for commercial banking, business banking, and treasury management. Drahnak has accumulated over 30 years of experience at S&T Bank across various areas including commercial banking, consumer banking, and credit. Prior to his current position, he held the role of market president.

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The key risks to S&T Bancorp's business (NASDAQ: STBA) primarily revolve around the evolving financial landscape, inherent banking operations, and market conditions:

1. Digital Competition and Technological Advancements: S&T Bancorp faces significant threats from increasing competition from financial technology (fintech) companies and non-bank lenders. These competitors can erode the company's customer base, impact fee income, and hinder long-term revenue growth. Customers increasingly expect a variety of convenient digital banking options, pushing traditional banks to adapt to technological innovations that have lowered barriers to entry in financial services markets.
2. Credit Risk: As a banking institution, S&T Bancorp is inherently exposed to credit risk through its lending activities and extension of loan commitments. The ability to accurately assess the creditworthiness of customers and effectively manage this exposure is crucial, as a deterioration in credit quality could materially adversely affect the company's results of operations.
3. Interest Rate Sensitivity: The company's financial performance and profitability are sensitive to fluctuations in the interest rate environment. A prolonged period of low interest rates, a rapid increase in rates, or changes in the shape of the yield curve can impact the spreads between interest-earning assets and interest-bearing liabilities, thereby affecting net interest income.

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S&T Bancorp (STBA) operates in the financial services sector, primarily offering retail and commercial banking products, cash management, trust, and brokerage services. Its main operating regions include Western and Eastern Pennsylvania, Northeast and Central Ohio, and Upstate New York. The company's core business segments are personal banking, business banking, and wealth management.

Addressable Market Sizes:

• Commercial Banking: The market size of the Commercial Banking industry in Pennsylvania is estimated to be $43.2 billion in 2025.
• Retail Banking: The global retail banking market was valued at $1.9 trillion in 2022 and is projected to reach $4 trillion by 2032, with a compound annual growth rate (CAGR) of 8.1% from 2023 to 2032. North America accounted for approximately 25% of the retail banking market in 2022. Another estimate places the global retail banking market size at $2,039.25 billion in 2024, projected to grow to $3,373.43 billion by 2033.
• Wealth Management: Null. While S&T Bancorp offers wealth management services, specific addressable market size data in terms of total assets under management or revenue for this service in its operating regions (e.g., Pennsylvania, Ohio, New York) could not be definitively identified.

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Here are 3-5 expected drivers of future revenue growth for S&T Bancorp (STBA) over the next 2-3 years:

1. Loan Growth, particularly in Commercial, Small Business, and Consumer Segments: S&T Bancorp has indicated a focus on and expectation of continued loan growth. In the fourth quarter of 2023, growth was particularly focused on commercial and small business lending. More recently, in Q3 2025, the company observed overall consumer loan growth consistent with expectations at approximately 6% annualized, and commercial pipelines reached their highest point in five quarters, leading to guidance for mid-single-digit loan growth in Q4. Analysts also emphasize continued loan growth in key geographies as a near-term catalyst. The company is targeting mid-single-digit loan growth for 2025.
2. Net Interest Margin (NIM) Management and Expansion: Proactive management of its balance sheet to optimize net interest margin is a key driver. While some periods have seen NIM contraction, the company has also demonstrated NIM expansion. The Q1 2025 earnings call highlighted a 4 basis point NIM expansion due to decreased funding costs and a balance sheet positioned for neutrality, with expectations to maintain a relatively stable margin even in an environment of aggressive rate cuts. In Q3 2025, NIM expanded to 3.93%, increasing by 5 basis points from the prior quarter, which, combined with loan growth, contributed to quarterly revenue growth.
3. Consistent Customer Deposit Growth: Sustained growth in customer deposits contributes to a stable funding base and supports lending activities. S&T Bancorp reported customer deposit growth of just under $100 million, or 5.5% annualized, in Q4 2023. This trend continued into Q1 2025 with over 7% annualized customer deposit growth, marking the seventh consecutive quarter of such growth. Consistent deposit growth is viewed by analysts as a key factor for long-term stability.
4. Strategic Investments in Technology and Regional Expansion: S&T Bancorp's ongoing investments in technology and regional expansion are expected to bolster its growth ambitions. These initiatives are aimed at reinforcing the company's deposit franchise and generating future revenue opportunities.
5. Growth in Non-Interest Income (Fee Income): While net interest income forms the majority of the company's revenue, the generation of non-interest income from various fee-based services also contributes to overall revenue growth. The company anticipates a quarterly run rate for non-interest income (fees) to be approximately $13 million to $14 million. Specific areas like wealth management contribute to this segment.

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Share Repurchases

• S&T Bancorp has continuously maintained a $50 million share repurchase plan, with several extensions over the past few years.
• In January 2023, the existing $50 million share repurchase plan was extended to expire on March 31, 2024, with $29.8 million of remaining capacity.
• On May 13, 2025, the Board of Directors authorized an extension of its $50 million share repurchase plan, which is now set to expire on July 31, 2026.

Share Issuance

• As of April 30, 2025, S&T Bancorp had 38,330,330 shares of common stock outstanding.
• As of July 31, 2025, the number of common shares outstanding increased to 38,346,004.
• A director was granted 812 restricted stock units as equity compensation on October 29, 2025, which are scheduled to vest on May 12, 2026.

Inbound Investments

• As of Q2 2025, 212 hedge funds and large institutions collectively invested $1.01 billion in S&T Bancorp, with 29 funds opening new positions and 70 increasing existing ones.

Outbound Investments

• The net change in long-term investments was -$8 million in 2024, $46 million in 2023, -$223 million in 2022, -$163 million in 2021, and $39 million in 2020.
• In 2024, the company strategically repositioned its securities portfolio by selling shorter-duration securities and acquiring longer-duration, higher-yielding ones to enhance interest income.
• S&T Bancorp plans to leverage its strong capital position to explore both organic and inorganic strategic investment opportunities.

Capital Expenditures

• S&T Bancorp has made continued investments in its deposit franchise to improve its funding mix.
• The company is undertaking growth initiatives, including investments in technology and regional expansion.
• Noninterest expense, which includes items like data processing costs, increased by $8.6 million in 2024 compared to 2023, reflecting ongoing operational and potentially technology-related investments.