S&T Bancorp Announces Approval Of Share Repurchase Plan

<< Back

Mar 22, 2018

S&T Bancorp Announces Approval Of Share Repurchase Plan

INDIANA, Pa., March 22, 2018 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank with locations in Pennsylvania, Ohio and New York authorized a $50 million share repurchase plan at its regular meeting held March 19, 2018.  This repurchase authorization, which is effective through August 31, 2019, permits S&T to repurchase from time to time up to $50 million in aggregate value of shares of S&T's common stock through a combination of open market and privately negotiated repurchases.  The specific timing, price and quantity of repurchases will be at the discretion of S&T and will depend on a variety of factors, including general market conditions, the trading price of the common stock, legal and contractual requirements and S&T's financial performance.  The repurchase plan does not obligate S&T to repurchase any particular number of shares.  S&T expects to fund any repurchases from cash on hand and internally generated funds.

S&T Bancorp, Inc.

About S&T Bancorp, Inc.
S&T Bancorp, Inc. is a $7.1 billion bank holding company that is headquartered in Indiana, Pa. and trades on the NASDAQ Global Select Market under the symbol STBA.  Its principal subsidiary, S&T Bank, was established in 1902 and operates locations in Pennsylvania, Ohio and New York.  For more information, visit www.stbancorp.com or www.stbank.com or call 800.325.2265.

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/st-bancorp-announces-approval-of-share-repurchase-plan-300617978.html

SOURCE S&T Bancorp, Inc.

Mark Kochvar, Chief Financial Officer, 724.465.4826, 800 Philadelphia Street, Indiana, PA 15701, mark.kochvar@stbank.com, www.stbancorp.com