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S & T Bancorp Inc (STBA) Q4 2020 Earnings Call Transcript

Operator
Good afternoon, ladies and gentlemen, and welcome to the S&T Bancorp, Inc. Fourth Quarter Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Mark Kochvar. Sir, the floor is yours.
Mark Kochvar
Senior Executive Vice President and Chief Financial Officer
Thank you very much, and good afternoon, everyone. Thank you for participating in today s conference call.
Before beginning the presentation, I want to take time to refer you to our statement about forward-looking statement and risk factors, which should be on the screen in front of you. This statement provide the cautionary language required by the Securities and Exchange Commission for forward-looking statements that are may be included in this presentation. A copy of the fourth quarter 2020 earnings release can be obtained by clicking on the press release link on your screen or by visiting our Investor Relations website at www.stbancorp.com. ....

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Pittsburgh banks compare 2021 Paycheck Protection Program round to 2020, expect lower volume

Pittsburgh banks compare 2021 Paycheck Protection Program round to 2020, expect lower volume
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Earnings Scheduled For January 28, 2021

Earnings Scheduled For January 28, 2021
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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S&T Bancorp: 4Q Earnings Snapshot

S&T Bancorp: 4Q Earnings Snapshot
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.

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Why Investors Should Consider the Corporate Spending Trade

Dreamstime
Investors have been betting big on shares that can benefit from fiscal stimulus, such as consumer discretionary stocks. But the government isn’t the only one doing a lot of spending many companies are poised to spend the piles of cash they built during the pandemic.
As the pandemic swept the globe,
S&P 500
companies raised more than $2.5 trillion in 2020 through debt and equity issuances, the highest amount in two decades. Meanwhile, share buybacks and capital spending both fell significantly last year as companies faced an uncertain economy. That left firms with war chests to spend: Cash as a percent of total assets for the average S&P 500 company has been sitting at almost 8%, a record level. That’s up from roughly 6% to start 2020, according to Jefferies. ....

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