NEW YORK, May 27, 2026, 14:06 (EDT)
- S&T Bancorp was trading near $44.94 in early afternoon, off roughly 0.9%.
- The regional-bank ETF KRE dropped, with Pennsylvania names F.N.B. and First Commonwealth down too.
- The bank said the higher quarterly dividend will be paid May 28 to shareholders on record as of May 14.
S&T Bancorp Inc. shares fell on Wednesday, retracing some of Tuesday’s move as regional bank stocks traded lower on the Nasdaq. S&T was recently at $44.94, off 40 cents from the last close, after reaching $45.39 earlier in the session at 1:48 p.m. EDT.
S&T’s timing comes just ahead of its higher quarterly dividend. The board signed off on a $0.37-per-share cash payout, up a cent from the last quarter, for holders of record as of May 14 and payable May 28. But new buyers picking up shares Wednesday will miss out on this round of dividends.
U.S. stocks had a solid Tuesday after being closed for Memorial Day on Monday. The S&P 500 and Nasdaq ended May 26 at new highs. The Russell 2000 climbed 1.8%. That’s been good for smaller banks, which tend to trade in line with domestics.
The drop wasn’t limited to S&T. The SPDR S&P Regional Banking ETF lost roughly 1.0%. F.N.B. Corp. was off 0.6% and First Commonwealth Financial slid about 0.8%.
S&T is a bank holding company out of Indiana, Pennsylvania, with $9.9 billion in assets. The main unit works in Pennsylvania and Ohio. At Wednesday’s close, its market cap stood near $1.62 billion, trading at around 12.6 times earnings.
S&T posted first-quarter net income of $35.1 million, up from $34.0 million in Q4 and $33.4 million in the same quarter last year. Diluted earnings per share came in at $0.94. CEO Chris McComish described it as a quarter of “strong earnings performance, solid return metrics and robust deposit growth.” Investors are still watching the stock for the numbers. PR Newswire
Funding is still the main focus for banks. S&T reported total deposits rising by $226.4 million in the quarter as customer deposits increased. Net interest margin slipped to 3.92% from 3.99% last quarter.
On the April earnings call, McComish said deposits increased across the board, with “all lines of business contributing.” CFO Mark Kochvar said fee income was also in focus, adding that “deposit fees on the treasury management side probably offer some potential.” The Motley Fool
Setup for the bank isn’t straightforward. Portfolio loans dropped by $112.6 million in Q1. President David Antolik told analysts that “increased competition for new commercial deals” weighed on new funding. If loan growth stays slow, or if commercial real estate credit gets worse, better deposits and buybacks might not push the stock up much more. The Motley Fool
S&T’s shares are stuck after the rally, with the sector taking a breather rather than the stock making a decisive move. What’s next is whether S&T gets more out of lower funding costs and its capital return push—if that drives loans up, not just a more predictable dividend.
