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Parent Company Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Balance Sheets of S&T Bancorp, Inc. | BALANCE SHEETS
| December 31,
(dollars in thousands) | 2023 |  | 2022
ASSETS |  |  |
Cash | $ | 20,733 |  |  | $ | 13,817 |
Investments in: |  |  |
Bank subsidiary | 1,268,441 |  |  | 1,184,327 |
Nonbank subsidiaries | 4,658 |  |  | 4,662 |
Other assets | 14,695 |  |  | 11,819 |
Total Assets | $ | 1,308,527 |  |  | $ | 1,214,625 |
LIABILITIES |  |  |
Long-term debt | $ | 24,474 |  |  | $ | 29,713 |
Other liabilities | 608 |  |  | 253 |
Total Liabilities | 25,082 |  |  | 29,966 |
Total Shareholders’ Equity | 1,283,445 |  |  | 1,184,659 |
Total Liabilities and Shareholders’ Equity | $ | 1,308,527 |  |  | $ | 1,214,625 |
Statements of Net Income of S&T Bancorp, Inc. | STATEMENTS OF NET INCOME
| Years ended December 31,
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Dividends from subsidiaries | $ | 86,950 |  |  | $ | 61,426 |  |  | $ | 62,333 |
Investment income | — |  |  | — |  |  | — |
Total Income | 86,950 |  |  | 61,426 |  |  | 62,333 |
Interest expense on long-term debt | 2,372 |  |  | 1,545 |  |  | 1,400 |
Other expenses | 4,764 |  |  | 4,112 |  |  | 3,947 |
Tax expense | 7,136 |  |  | 5,657 |  |  | 5,347 |
Income before income tax and undistributed net income of subsidiaries | 79,814 |  |  | 55,769 |  |  | 56,986 |
Income tax benefit | (1,478) |  |  | (1,208) |  |  | (1,140) |
Income before undistributed net income of subsidiaries | 81,292 |  |  | 56,977 |  |  | 58,126 |
Equity in undistributed net income (distribution in excess of net income) of: |  |  |  |  |
Bank subsidiary | 63,337 |  |  | 79,566 |  |  | 57,025 |
Nonbank subsidiaries | 152 |  |  | (1,023) |  |  | (4,808) |
Net Income | $ | 144,781 |  |  | $ | 135,520 |  |  | $ | 110,343 |
Statements of Cash Flows of S&T Bancorp, Inc. | STATEMENTS OF CASH FLOWS
| Years ended December 31,
(dollars in thousands) | 2023 |  | 2022 |  | 2021
OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 144,781 |  |  | $ | 135,520 |  |  | $ | 110,343 |
Equity in undistributed (earnings) losses of subsidiaries | (63,489) |  |  | (78,543) |  |  | (52,217) |
Other | 1,402 |  |  | 1,468 |  |  | 761 |
Net Cash Provided by Operating Activities | 82,694 |  |  | 58,445 |  |  | 58,887 |
FINANCING ACTIVITIES |  |  |  |  |
Repayment of long term debt | (5,464) |  |  | — |  |  | (9,750) |
Sale of treasury shares, net | (798) |  |  | (808) |  |  | (629) |
Purchase of treasury shares | (19,808) |  |  | (7,637) |  |  | — |
Cash dividends paid to common shareholders | (49,708) |  |  | (46,952) |  |  | (44,324) |
Net Cash Used in Financing Activities | (75,778) |  |  | (55,397) |  |  | (54,703) |
Net increase (decrease) in cash | 6,916 |  |  | 3,048 |  |  | 4,184 |
Cash at beginning of year | 13,817 |  |  | 10,769 |  |  | 6,585 |
Cash at End of Year | $ | 20,733 |  |  | $ | 13,817 |  |  | $ | 10,769 |

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