S&T Bancorp Q4 2023 GAAP EPS $0.96 Beats $0.86 Estimate, Sales $103.17M Beat $99.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp (NASDAQ:STBA) reported Q4 2023 earnings of $0.96 per share, surpassing the consensus estimate of $0.86 by 11.63%. However, this represents a 6.8% decrease from the $1.03 per share earned in the same quarter last year. Sales reached $103.17M, exceeding estimates by 3.41% but showing a 1.46% decline from the previous year's $104.70M.
January 25, 2024 | 12:32 pm
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POSITIVE IMPACT
S&T Bancorp's Q4 2023 earnings and sales surpassed analyst estimates, with EPS at $0.96 and sales at $103.17M, despite year-over-year declines.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in STBA's stock price. However, the year-over-year decline in both earnings and sales may temper the market's reaction, suggesting a moderate impact rather than a strong one.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100