Here are 1-3 brief analogies for S&T Bancorp (STBA):

• Essentially a PNC Bank for its specific regional markets in Pennsylvania, Ohio, and Upstate New York.
• Think of it as a smaller-scale KeyBank, providing a full range of banking services across its regional footprint.

• Deposits: The bank accepts various time and demand deposits from both retail and commercial customers.
• Loans: S&T Bank offers a diverse portfolio of commercial and consumer loans, including real estate, industrial, business, construction, and other consumer credit.
• Cash Management Services: The company provides services designed to assist businesses in efficiently managing their cash flow.
• Brokerage and Trust Services: S&T Bancorp offers brokerage services and acts as a fiduciary for trusts, employee benefits, and other custodial arrangements.
• Investment Management: The company manages private investment accounts for individuals and institutional clients.
• Insurance Products & Services: S&T Bancorp distributes life and long-term disability insurance, offers title insurance agency services, and reinsures credit life, accident, and health policies.

S&T Bancorp (STBA), as a diversified financial institution, serves a broad base of customers rather than a few major named entities. Its customer base can be primarily categorized into the following types:

1. Individuals and Consumers: This category includes individuals who utilize the bank's retail banking services, such as time and demand deposits, consumer loans, consumer real estate loans (mortgages), and other personal banking products. It also covers individuals who use wealth management services like private investment accounts, and insurance products such as life insurance and long-term disability income insurance.
2. Businesses and Commercial Entities: This encompasses a wide range of commercial customers, including small to medium-sized businesses and larger corporate clients. These customers engage in commercial real estate, commercial and industrial activities, and commercial construction. They rely on S&T Bank for commercial loans, cash management services, business banking products, and specialized services like title insurance agency services for commercial customers.
3. Institutional Clients: S&T Bancorp also serves institutions, managing private investment accounts for them and acting as a guardian and custodian of employee benefits. This category typically includes corporate entities, non-profit organizations, and other institutional bodies that require specialized trust and investment management services.

Christopher J. McComish, Chief Executive Officer

Christopher J. McComish has served as Chief Executive Officer of S&T and S&T Bank since August 24, 2021, and became Chair of the S&T Board and S&T Bank Board on September 28, 2025. Prior to joining S&T, he was senior executive vice president of consumer banking of TCF Bank from July 2018 to June 2021, where he led all consumer banking lines of business as well as business banking and wealth management. Before TCF Bank, he served as president and chief executive officer of Scottrade Bank, the banking subsidiary of Scottrade Financial Services, Inc., from August 2015 to December 2017. Scottrade Financial Services, Inc. was acquired by TD Ameritrade. TCF Bank merged with Huntington Bancshares. He also served as the head of personal banking and then as chief operating officer for personal and commercial banking at BMO Harris Bank from December 2008 to July 2015. Mr. McComish began his career at Wachovia Bank, where he spent over 20 years in various regional and line of business leadership roles.

Mark Kochvar, Chief Financial Officer

Mark Kochvar has been chief financial officer for S&T Bank since 2010, overseeing finance, treasury, and accounting. He has over 30 years of experience at S&T Bank in various roles within finance, having joined the bank in 1992. Before his role as CFO, he served as the treasurer from 2001 to 2010. Mr. Kochvar holds a B.A. in economics and an MBA in finance.

David G. Antolik, President

David G. Antolik has served as President of S&T and S&T Bank since January 2019, and as a director of S&T since 2019. He was the Interim Chief Executive Officer and President from April 2021 to August 2021. Mr. Antolik was Chief Lending Officer of S&T and S&T Bank from 2008 to October 2020 and previously served as Senior Executive Vice President from 2008 until January 2019. He began his distinguished 35-year career at S&T as a credit analyst in 1990. Mr. Antolik oversees commercial banking, consumer banking, and wealth management strategies.

LaDawn Yesho, Chief Risk Officer

LaDawn Yesho has served as chief risk officer for S&T Bank since July 2021. In this role, she is responsible for overseeing S&T's enterprise risk management program, regulatory compliance, credit risk management, information and physical security, and other risk management programs, including appraisal, model risk management, policy administration, and vendor management. Prior to her current role, Ms. Yesho held the position of chief audit executive from 2009 to 2021 and assistant corporate secretary from 2016 to 2021.

James A. Michie, Chief Credit Officer

James A. Michie joined S&T Bank in June 2022 as Chief Credit Officer. He is responsible for managing the overall credit administration function, including credit analysis, loan documentation, the secured credit division, and special assets. Mr. Michie has more than 20 years of experience in both lending and credit management roles within financial institutions. Before joining S&T Bank, he served as a senior credit officer at First Horizon Bank and a division credit executive at Talmer Bank and Trust.

The key risks to S&T Bancorp (STBA) primarily stem from its core banking operations and the broader economic and regulatory environment. These risks include:

1. Credit Risk: As a bank holding company engaged in lending, S&T Bancorp faces significant credit risk, particularly within its commercial real estate and commercial and industrial loan portfolios. The ability to accurately assess borrower creditworthiness, the sufficiency of collateral, and potential increases in loan losses due to economic downturns are ongoing concerns. An adverse change in economic conditions, such as inflation or unemployment, could diminish the value of collateral and increase charge-offs.
2. Interest Rate Risk and Economic Volatility: Fluctuations in interest rates, largely influenced by Federal Reserve policies, can directly impact S&T Bancorp's net interest income and overall profitability. Changes in the interest rate environment can affect the demand for loans and deposits, and the spread between interest earned on assets and interest paid on liabilities. The company is exposed to the risk that the value of its investment securities could fluctuate, potentially requiring write-downs.
3. Regulatory and Compliance Risks: S&T Bancorp operates within a heavily regulated environment and is subject to extensive federal and state laws and supervision. Changes in banking laws, regulations, or supervisory policies could increase compliance costs, limit business operations, or necessitate changes to its business model. For example, crossing the $10 billion asset threshold would subject S&T to additional regulatory requirements.

• Commercial Banking: The commercial banking industry in Pennsylvania is projected to have a market size of $43.2 billion in 2026. This market includes commercial, industrial, and consumer loans, as well as deposits. For Ohio, the commercial banking industry is estimated to reach a market size of $63.8 billion in 2026, encompassing similar products and services. In New York, the commercial banking industry generated $259.1 billion in revenue in 2025, making it one of the state's largest industries.
• Deposits: The overall deposit market in Ohio was approximately $565.32 billion in 2025. In New York, total deposits in New York-based financial institutions exceeded $3.4 trillion.
• Commercial Real Estate Lending: Pennsylvania's commercial real estate market sees approximately $18.5 billion in annual transaction volume.
• Consumer Loans (New Home Loans): The market for new home loans booked in Ohio was $25.6 billion in 2024. In New York, new home loans booked amounted to $38.7 billion in 2024.
• Consumer Loans (Small Business Loans): In Ohio, small business loans totaled $10.7 billion in 2022. New York banks provided $18 billion in small business loans in 2023.
• Wealth Management (including brokerage and trust services, private investment accounts): Globally, the wealth management market was valued at approximately USD 1.1 trillion in 2022 and is projected to grow to about USD 4.89 trillion by 2034. North America is a significant contributor to this market, accounting for over 36% of the revenue share in 2023 and is estimated to contribute 44.7% to the global market's growth. The "banks segment" accounted for the largest market revenue share in wealth management in 2024. Specific market sizing for Upstate New York for wealth management products is not readily available.

S&T Bancorp (STBA) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Commercial Loan Growth and Specialized Lending: The company anticipates mid-single-digit loan growth for 2026, primarily fueled by expansions in its Commercial & Industrial (C&I) and Commercial Real Estate (CRE) portfolios. Additionally, S&T Bancorp is focused on scaling up its equipment finance and SBA (7a/504) lending pipelines, targeting double-digit year-over-year growth through 2026 to enhance risk-adjusted yields.
2. Deposit Growth and Net Interest Margin (NIM) Management: S&T Bancorp aims to balance loan and core deposit growth through deposit initiatives and disciplined pricing to maintain stable net interest margins. The company has demonstrated success in expanding its net interest margin, which reached 3.99% in Q4 2025, partly due to a decrease in the cost of funds and growth in demand deposit accounts. This focus on funding assets internally through its core deposit base is expected to support ongoing earnings stability.
3. Strategic Geographic Expansion and Organic Growth: The bank's growth strategy emphasizes organic expansion within its core Mid-Atlantic Metropolitan Statistical Areas (MSAs), including Pittsburgh, Cleveland-Akron, and Buffalo-Rochester. S&T Bancorp is also strategically targeting expansion into contiguous markets, with specific plans to enter Maryland and Washington D.C. This is evidenced by plans to open a new full-service branch and expanded office location in Pittsburgh, which is expected to enhance customer access, support workforce growth, and contribute to loan and deposit growth in the region.
4. Diversification of Fee Income: S&T Bancorp is focused on increasing its non-interest income through product diversification, including cross-selling wealth management and insurance products to business owners and mass-affluent segments, aiming for mid-to-high single-digit annual fee growth. The company also plans to launch treasury management and enhanced ACH/wire portals across prioritized MSAs between 2024 and 2026. This diversification helps supplement net interest income and broadens revenue streams.

Share Repurchases

• S&T Bancorp, Inc. authorized a new $100 million share repurchase program on January 21, 2026, which replaced an existing program and is set to expire on February 1, 2027.
• During the fourth quarter of 2025, the company repurchased 948,270 common shares, totaling $36.2 million, at an average price of $38.20 per share.

Share Issuance

• As of December 31, 2025, S&T Bancorp had not issued any securities pursuant to its shelf registration statement.

Outbound Investments

• S&T Bancorp aims to leverage its strong capital position to explore strategic investment opportunities and maintain flexibility in capital management.
• The company is actively pursuing a growth strategy that includes strategic mergers and acquisitions, specifically targeting contiguous markets for expansion with plans to enter Maryland and Washington D.C.
• In 2025, S&T Bank launched S&T Treasury Solutions for mid-market firms and planned strategic fintech partnerships to expand fee diversification and customer retention.

Capital Expenditures

• S&T Bank launched a branch refresh initiative in February 2026 to create a more modern banking experience.
• The company is planning to open a new Pittsburgh branch and an expanded office location in January 2026.
• S&T Bancorp is investing in organic growth through increased commercial banking personnel, expanding its commercial and business banking staff by 15% since 2024 to enhance loan and deposit acquisition.