Page 6 - Sourcest Bancorp Inc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article
Share this article
INDIANA, Pa., Jan. 28, 2021 /PRNewswire/ S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, announced its fourth quarter and full year 2020 earnings. Net income was $24.2 million, or $0.62 per diluted share, for the fourth quarter compared to net income of $16.7 million, or $0.43 per diluted share, for the third quarter of 2020, and $22.3 million, or $0.62 per diluted share, for the fourth quarter of 2019.
Net income was $21.0 million, or $0.53 per diluted share, for the year ended December 31, 2020 compared to net income of $98.2 million, or $2.82 per diluted share, for 2019. A loss of $58.7 million was recognized during the second quarter of 2020 related to a customer fraud resulting from a check kiting scheme. This fraud loss reduced net income by $46.3 million, or $1. ....

New York , United States , Todd Brice , Financial Corporation , West Bank , St Bancorp Inc , Prnewswirest Bancorp Inc , Small Bank Assessment , Home Loan Bank , Paycheck Protection Program , Sourcest Bancorp Inc , Western Pennsylvania , Eastern Pennsylvania , Northeast Ohio , Central Ohio , Upstate New York , Money Market , Small Bank Assessment Credits , Current Expected Credit Losses , Select Market , Upstate New , Private Securities Litigation Reform Act , Annual Report , Interest Income After Provision , Share Data , Twelve Months Ended December ,