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Parent Company Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Balance Sheets of S&T Bancorp, Inc. | BALANCE SHEETS
| December 31,
(dollars in thousands) | 2022 |  | 2021
ASSETS |  |  |
Cash | $ | 13,817 |  |  | $ | 10,769 |
Investments in: |  |  |
Bank subsidiary | 1,184,327 |  |  | 1,209,796 |
Non-bank subsidiaries | 4,662 |  |  | 5,684 |
Other assets | 11,819 |  |  | 9,993 |
Total Assets | $ | 1,214,625 |  |  | $ | 1,236,242 |
LIABILITIES |  |  |
Long-term debt | $ | 29,713 |  |  | $ | 29,521 |
Other liabilities | 253 |  |  | 267 |
Total Liabilities | 29,966 |  |  | 29,788 |
Total Shareholders’ Equity | 1,184,659 |  |  | 1,206,454 |
Total Liabilities and Shareholders’ Equity | $ | 1,214,625 |  |  | $ | 1,236,242 |
Statements of Net Income of S&T Bancorp, Inc. | STATEMENTS OF NET INCOME
| Years ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
Dividends from subsidiaries | $ | 61,426 |  |  | $ | 62,333 |  |  | $ | 59,315 |
Investment income | — |  |  | — |  |  | — |
Total Income | 61,426 |  |  | 62,333 |  |  | 59,315 |
Interest expense on long-term debt | 1,545 |  |  | 1,400 |  |  | 1,696 |
Other expenses | 4,112 |  |  | 3,947 |  |  | 4,464 |
Total Expense | 5,657 |  |  | 5,347 |  |  | 6,160 |
Income before income tax and undistributed net income of subsidiaries | 55,769 |  |  | 56,986 |  |  | 53,155 |
Income tax benefit | (1,208) |  |  | (1,140) |  |  | (1,315) |
Income before undistributed net income of subsidiaries | 56,977 |  |  | 58,126 |  |  | 54,470 |
Equity in undistributed net income (distribution in excess of net income) of: |  |  |  |  |
Bank subsidiary | 79,566 |  |  | 57,025 |  |  | (27,529) |
Non-bank subsidiaries | (1,023) |  |  | (4,808) |  |  | (5,901) |
Net Income | $ | 135,520 |  |  | $ | 110,343 |  |  | $ | 21,040 |
Statements of Cash Flows of S&T Bancorp, Inc. | STATEMENTS OF CASH FLOWS
| Years ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 135,520 |  |  | $ | 110,343 |  |  | $ | 21,040 |
Equity in undistributed (earnings) losses of subsidiaries | (78,543) |  |  | (52,217) |  |  | 33,430 |
Other | 1,468 |  |  | 761 |  |  | 1,708 |
Net Cash Provided by Operating Activities | 58,445 |  |  | 58,887 |  |  | 56,178 |
FINANCING ACTIVITIES |  |  |  |  |
Repayment of long term debt | — |  |  | (9,750) |  |  | — |
Sale of treasury shares, net | (808) |  |  | (629) |  |  | (594) |
Purchase of treasury shares | (7,637) |  |  | — |  |  | (12,559) |
Cash dividends paid to common shareholders | (46,952) |  |  | (44,324) |  |  | (43,949) |
Net Cash Used in Financing Activities | (55,397) |  |  | (54,703) |  |  | (57,102) |
Net increase (decrease) in cash | 3,048 |  |  | 4,184 |  |  | (924) |
Cash at beginning of year | 10,769 |  |  | 6,585 |  |  | 7,509 |
Cash at End of Year | $ | 13,817 |  |  | $ | 10,769 |  |  | $ | 6,585 |

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