S&T Bancorp, Inc. Unveils $100 Million Share Repurchase Plan to Enhance Shareholder Value

S&T Bancorp, Inc. Announced New Share Repurchase Program

On January 22, 2026, S&T Bancorp, Inc., the parent company of S&T Bank, disclosed that its board of directors has authorized a significant share repurchase program amounting to $100 million. This decision, made during a board meeting on January 21, aims to enhance shareholder value while maintaining a strong focus on capital management.

The new repurchase program is set to commence on January 26, 2026, replacing the existing program, which is set to expire on February 1, 2027. The termination of the remaining capacity under the previous program signifies S&T Bancorp's commitment to pursue strategic investments for its shareholders.

The latest program allows S&T Bancorp to repurchase its common stock through a mix of open market purchases and negotiated transactions, capped at the $100 million aggregate limit. The specific volume, price, and timing of stock repurchases will be determined by various factors, including current market conditions, the performance of S&T's stock, and adherence to applicable laws concerning securities. Importantly, the company is not bound to buy a specific number of shares, giving it the flexibility to adjust its strategy as necessary, including modifications or potential discontinuation of the program at any time.

Chris McComish, CEO of S&T Bancorp, stated, "The board's authorization of the new share repurchase program underscores our disciplined approach to capital management, especially given our strong capital position. This initiative allows us to deploy capital in ways that not only bolster our long-term strategy but also enhance shareholder value, all while maintaining a robust balance sheet."

S&T Bancorp, which operates primarily in Pennsylvania and Ohio and listed on NASDAQ under the symbol STBA, boasts a balance sheet totaling $9.8 billion. Established in 1902, its flagship subsidiary, S&T Bank, has been a cornerstone of its operations.

Investors and stakeholders are invited to monitor this development closely, as the effects of the repurchase strategy may play a crucial role in S&T Bancorp's market standing and financial stability during the coming year.

For further details about S&T Bancorp, Inc. and its offerings, visit the official websites stbancorp.com and stbank.com. Follow the company on social media platforms such as Facebook, Instagram, and LinkedIn for updates and additional corporate news.