S&T Bancorp Earnings: What To Look For From STBA

Regional banking company S&T Bancorp (NASDAQ:STBA) will be reporting results tomorrow before market open. Here’s what to look for.

S&T Bancorp beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $103.6 million, up 6.8% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ tangible book value per share estimates.

Is S&T Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting S&T Bancorp’s revenue to grow 9.3% year on year to $103.8 million, a reversal from the 8.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. S&T Bancorp has missed Wall Street’s revenue estimates three times over the last two years.

Looking at S&T Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 6.8%, and Simmons First National reported revenues up 17.2%, topping estimates by 5.3%.

Read our full analysis of ServisFirst Bancshares’s results here and Simmons First National’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. S&T Bancorp is down 1.4% during the same time and is heading into earnings with an average analyst price target of $41.40 (compared to the current share price of $40.20).

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