S&T Bancorp Inc.
11/06/2025 | Press release | Distributed by Public on 11/06/2025 15:55
Quarterly Report for Quarter Ending September 30, 2025 (Form 10-Q)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Available borrowing capacity exceeds uninsured deposits of $2.7 billion at September 30, 2025. The following table summarizes funding sources available as of the dates presented:
| September 30, 2025 | December 31, 2024 | ||||||||||||||||||||||
| (dollars in thousands) | Borrowing Capacity |
Balance (1)
|
Available | Borrowing Capacity |
Balance (1)
|
Available | |||||||||||||||||
|
FHLB(1)
|
$ | 2,104,633 | $ | 331,235 | $ | 1,773,398 | $ | 1,980,615 | $ | 304,565 | $ | 1,676,050 | |||||||||||
| Borrower-in-Custody Program | 2,119,734 | - | 2,119,734 | 1,995,489 | - | 1,995,489 | |||||||||||||||||
| Total | $ | 4,224,367 | $ | 331,235 | $ | 3,893,132 | $ | 3,976,104 | $ | 304,565 | $ | 3,671,539 | |||||||||||
|
(1) FHLB balances include advances, letters of credit, interest due on advances and the credit enhancement obligation on mortgages sold to the FHLB.
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We have contractual obligations representing required future payments on certificates of deposit, junior subordinated debt securities, short-term borrowings, long-term borrowings, operating and capital leases, funding commitments on tax credit equity investments and purchase obligations. See the "Liquidity and Capital Resources" section presented in our Form 2024 10-K under Part II, Item 7- "Management's Discussion and Analysis of Financial Condition and Results of Operations" for more information on these future cash outflows. There have been no material changes to the contractual obligations previously disclosed in our 2024 Form 10-K.
An important component of our ability to effectively respond to potential liquidity stress events is maintaining a cushion of highly liquid assets. Highly liquid assets are those that can be converted to cash quickly to meet financial obligations. ALCO policy guidelines define a ratio of highly liquid assets to total assets by graduated risk tolerance levels of minimal, moderate and high. At September 30, 2025, S&T Bank had $872.8 million in highly liquid assets, which consisted primarily of $121.2 million in interest-bearing deposits with banks and $751.6 million in unpledged securities. This resulted in a highly liquid assets to total assets ratio of 8.9 percent at September 30, 2025.
We continue to maintain a strong capital position with our capital ratios in excess of the well-capitalized regulatory guidelines. The following table summarizes capital amounts and ratios for S&T and S&T Bank as of the dates presented:
| (dollars in thousands) |
Adequately Capitalized |
Well- Capitalized |
September 30, 2025 | December 31, 2024 | ||||||||||||||||||||||
| Amount | Ratio | Amount | Ratio | |||||||||||||||||||||||
| S&T Bancorp, Inc. | ||||||||||||||||||||||||||
| Tier 1 leverage | 4.00 | % | 5.00 | % | $ | 1,169,684 | 12.33 | % | $ | 1,112,126 | 11.98 | % | ||||||||||||||
| Common equity tier 1 to risk-weighted assets | 4.50 | % | 6.50 | % | 1,145,684 | 14.75 | % | 1,088,126 | 14.58 | % | ||||||||||||||||
| Tier 1 capital to risk-weighted assets | 6.00 | % | 8.00 | % | 1,169,684 | 15.06 | % | 1,112,126 | 14.90 | % | ||||||||||||||||
| Total capital to risk-weighted assets | 8.00 | % | 10.00 | % | 1,291,886 | 16.63 | % | 1,230,497 | 16.49 | % | ||||||||||||||||
| S&T Bank | ||||||||||||||||||||||||||
| Tier 1 leverage | 4.00 | % | 5.00 | % | $ | 1,110,324 | 11.71 | % | $ | 1,060,010 | 11.43 | % | ||||||||||||||
| Common equity tier 1 to risk-weighted assets | 4.50 | % | 6.50 | % | 1,110,324 | 14.30 | % | 1,060,010 | 14.21 | % | ||||||||||||||||
| Tier 1 capital to risk-weighted assets | 6.00 | % | 8.00 | % | 1,110,324 | 14.30 | % | 1,060,010 | 14.21 | % | ||||||||||||||||
| Total capital to risk-weighted assets | 8.00 | % | 10.00 | % | 1,232,484 | 15.87 | % | 1,178,335 | 15.79 | % | ||||||||||||||||
We have filed a shelf registration statement on Form S-3 under the Securities Act of 1933, as amended, with the SEC, which allows for the issuance of a variety of securities including debt and capital securities, preferred and common stock and warrants. We may use the proceeds from the sale of securities for general corporate purposes, which could include investments at the holding company level, investing in, or extending credit to subsidiaries, possible acquisitions and stock repurchases. We have not issued any securities pursuant to this shelf registration statement at September 30, 2025.
S&T BANCORP, INC. AND SUBSIDIARIES
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