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S&T Bancorp, Inc. Announces Record First Quarter 2021 Net Income

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INDIANA, Pa., April 22, 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 record net income of $31.9 million, or $0.81 per diluted share, for the first quarter of 2021 compared to net income of $24.2 million, or $0.62 per diluted share, for the fourth quarter of 2020, and net income of $13.2 million, or $0.34 per diluted share, for the first quarter of 2020.
First Quarter of 2021 Highlights:
Record net income of $31.9 million.
Return metrics were strong with return on average assets (ROA) of 1.42%, return on average equity (ROE) of 11.15%, return on average tangible equity (ROTE) (non-GAAP) of 16.78% and pre-tax pre-provision income to average assets (PTPP) (non-GAAP) of 1.89%. ....

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Great Southern Bancorp, Inc. Reports Preliminary First Quarter Earnings of $1.36 Per Diluted Common Share

Great Southern Bancorp, Inc. Reports Preliminary First Quarter Earnings of $1.36 Per Diluted Common Share
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CNB Financial Corporation Reports First Quarter 2021 Earnings Per Share of $0.78 Compared to ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CNB Financial Corporation Reports First Quarter 2021 Earnings Per Share of $0.78 Compared to .
CNB FinancialApril 19, 2021 GMT
CLEARFIELD, Penn., April 19, 2021 (GLOBE NEWSWIRE) CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the quarter ended March 31, 2021.
Joseph B. Bower, Jr., President and CEO, stated, “We are pleased to report a strong earnings quarter to you. The initiatives we implemented in 2020, due to our level of excess liquidity, are working out as planned. During the first quarter, we continued to support our local businesses by participating in the second round of the Paycheck Protection Program. As we look forward, we have a positive outlook for the remainder of the year, as business growth opportunities improve, especially in our newest region in Northeast ....

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Synchrony Reports Fourth Quarter Net Earnings of $738 Million or $1.24 Per Diluted Share

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STAMFORD, Conn., Jan. 29, 2021 /PRNewswire/ Synchrony Financial (NYSE: SYF) today announced fourth quarter 2020 earnings results amid the continuing Coronavirus (COVID-19) pandemic. Synchrony reported fourth quarter 2020 net earnings of $738 million, or $1.24 per diluted share.
Key Highlights .
Interest and fees on loans decreased 11% to $4.0 billion
Purchase volume decreased 1% to $39.9 billion
Average active accounts decreased 10% to 66.3 million
Deposits decreased $2.3 billion, or 4%, to $62.8 billion
Renewed Payment Solutions programs with Mattress Firm and Kawasaki, and added a new program with Doosan Bobcat
Added new CareCredit programs with Walgreens and the Community Veterinary Partners, renewed program with Aspen Dental, and acquired Allegro Credit, a leading provider of point-of-sale consumer financing for audiology products and dental services ....

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S&T Bancorp, Inc. Announces Fourth Quarter and Full Year 2020 Results

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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. ....

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