S&T Bancorp Inc. (STBA) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $33.1 million, or $0.86 per share. This compares with $37.04 million, or $0.96 per share, last year.
Analysts on average had expected the company to earn $0.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.6% to $94.3 million from $103.2 million last year.
S&T Bancorp Inc. earnings at a glance (GAAP) :
-Earnings: $33.1 Mln. vs. $37.04 Mln. last year.
-EPS: $0.86 vs. $0.96 last year.
-Revenue: $94.3 Mln vs. $103.2 Mln last year.
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