S&T Bancorp Raises Quarterly Dividend 2.78%

S&T Bancorp, Inc. (NASDAQ: STBA) raised its quarterly cash dividend to $0.37 per share from $0.36, an increase of 2.78%. The ex-dividend date is May 14, 2026.

The new rate equates to an annual dividend of $1.48 per share. Based on a share price of $50.17, the stock has a forward annual yield of 2.95%.

The increase extends S&T Bancorp’s record of annual dividend growth to 16 consecutive years. The Pennsylvania-based financial-services company previously reduced its dividend in 2009.

Earnings provide context

S&T Bancorp did not identify a specific reason for the dividend increase in its announcement. The company’s latest results, however, showed improved earnings and continued capital strength heading into the board’s decision.

First-quarter net income rose to $35.1 million from $33.4 million a year earlier, while diluted earnings per share increased to $0.94 from $0.87. Total deposits increased by $226.4 million during the quarter, although portfolio loans declined by $112.6 million. Net charge-offs also fell from the preceding quarter. S&T said its regulatory capital ratios remained above the thresholds required to be considered well capitalized. The company did not explicitly link those results to the higher dividend. S&T Bancorp’s first-quarter results

S&T Bancorp is the holding company for S&T Bank, which was established in 1902 and operates in Pennsylvania and Ohio. The company’s dividend announcement confirmed that the board approved the higher quarterly distribution. S&T Bank’s dividend announcement

What it means for income investors

The increase raises the annualized income rate to $1.48 per share while preserving the company’s quarterly payment schedule. Investors purchasing shares on or after the May 14 ex-dividend date generally would not be entitled to the associated distribution.

SmarterDividends assigns S&T Bancorp a dividend-safety score of 90 out of 100, corresponding to an A grade. That measure provides context on the distribution’s assessed safety but does not guarantee future payments. Dividends remain subject to board approval and can be affected by earnings, capital requirements, credit conditions and banking regulations.