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S&T Bancorp Q4 Profit Rises - Quick Facts

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S&T Bancorp Inc. (STBA: Quote) posted an increase in fourth-quarter 2011 net income available to common shareholders to $9.32 million from $8.74 million a year earlier, while earnings per share grew to $0.33 from prior-year's $0.31. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.35 for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income after provisions, on an FTE basis, grew to $32.83 million from last year's $29.73 million, while noninterest income totaled $11.57 million versus $11.99 million in 2010. Analysts estimated revenues of $44.87 million for the fourth quarter.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Stocks have given back some ground over the course of the trading day on Wednesday after failing to sustain an early upward move. The choppy trading reflects uncertainty ahead of a highly anticipated announcement from the Federal Reserve. After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter. Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.
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