S&T Bancorp (STBA) Financials

S&T Bancorp Inc (STBA) is a financial holding company that provides a range of financial services to individuals and small businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. The Community Banking segment offers various banking services, including lending activities, such as commercial and industrial loans, commercial real estate loans, and consumer loans, as well as deposit gathering activities. The Wealth Management segment provides a range of personalized financial planning and investment advisory services. The Insurance segment offers a variety of insurance products to individuals and businesses, including property and casualty insurance, life insurance, and employee benefit programs.

Now let's take a closer look at S&T Bancorp Inc's financials. The income statement provides a summary of the company's revenues, expenses, and net income. For the latest fiscal year, S&T Bancorp Inc reported total revenues of $366.7 million. Gross profit, which represents the difference between revenues and the cost of goods sold, was $366.7 million. The company reported operating income of $109.5 million, which is calculated by subtracting operating expenses from gross profit. Net income from stockholders, which represents the profit after taxes and other expenses, was $87.6 million.