S&T Bancorp Q2 EPS $0.89, Inline, Sales $102.31M Beat $101.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp (NASDAQ:STBA) reported Q2 earnings of $0.89 per share, in line with analyst consensus. This is a 20.27% increase YoY. The company also reported quarterly sales of $102.31M, beating the analyst consensus of $101.47M by 0.83%. This is a 16.50% increase YoY.
July 20, 2023 | 11:35 am
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POSITIVE IMPACT
S&T Bancorp's Q2 earnings met analyst expectations and sales beat estimates. This could potentially lead to a positive market reaction.
Meeting earnings expectations and beating sales estimates is generally seen as a positive sign by the market. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100