What is the size and duration of the new repurchase program?

S&T Bancorp authorized a $100 million share repurchase program effective July 27, 2026, expiring August 31, 2027. This replaces the prior authorization, which had remaining capacity that was terminated as of the new program's effective date.

How many shares did S&T repurchase in Q2 2026?

S&T repurchased 1,074,924 shares at an average price of $44.24 per share for $47.6 million during Q2 2026. Over the prior three quarters combined, the company retired 3,169,294 shares at an average price of $42.09 per share totaling $133.4 million.

What impact has the buyback had on share count and EPS?

Share repurchases reduced outstanding shares from 38.3 million in Q2 2025 to 35.3 million in Q2 2026, an 8.3% reduction. This contributed to diluted EPS growth from $0.83 in Q2 2025 to $1.02 in Q2 2026; net income grew only 14.7% but EPS grew 22.9% due partly to share count reduction.

Does the filing disclose how the buyback will be executed?

No. The filing does not specify whether repurchases will occur under Rule 10b-18 open-market purchases, a Rule 10b5-1 plan, an accelerated share repurchase agreement, or another mechanism.

Why is S&T repurchasing shares?

The filing describes the program as 'actively managing capital' during a period of solid earnings and strong regulatory capital ratios. Buybacks are a common capital allocation tool to return value to shareholders and offset share dilution from employee compensation plans.

What is S&T's stock price and market valuation context?

At Q2 2026 end, the stock traded at approximately $49.08 per share (market value column in financial tables). The company has a tangible book value of $29.18 per share, implying a price-to-tangible-book ratio of approximately 1.68x.

STBA 8-K Filed 2026-07-23 New authorization

S&T Bancorp authorizes new $100M share repurchase program

Board approves program replacing existing authorization; Q2 saw 1.1M shares retired at $44.24 average

Authorization$100M

MechanismNot specified

What the filing says

S&T Bancorp, Inc. (NASDAQ: STBA) announced on July 23, 2026, that its board of directors authorized a new $100 million share repurchase program at a meeting held July 22, 2026. The program replaces the existing share repurchase authorization and is effective July 27, 2026, with an expiration date of August 31, 2027. The remaining capacity under the prior authorization was terminated.

During the second quarter of 2026, S&T repurchased 1,074,924 shares at an average price of $44.24 per share, totaling $47.6 million. Over the past three quarters combined, the company repurchased 3,169,294 shares—representing 8.3% of outstanding shares—at an average price of $42.09 per share, totaling $133.4 million. The filing does not specify the execution mechanism (Rule 10b-18, 10b5-1 plan, or other method) for the repurchases.

The authorization reflects S&T's capital management strategy amid solid operational performance, with Q2 2026 net income of $36.6 million and diluted earnings per share of $1.02. The company maintains a strong regulatory capital position with all capital ratios above well-capitalized thresholds.

The board of directors authorized a new $100 million share repurchase program at its meeting held July 22, 2026. The new program will replace the existing share repurchase program effective July 27, 2026, and is set to expire August 31, 2027. — S&T BANCORP INC 8-K filing · View on SEC EDGAR →

What this means

The $100 million authorization represents a fresh mandate for capital return after the company repurchased $133.4 million in shares over the prior three quarters. S&T's share count fell 8.3% in that period, mechanically benefiting per-share earnings metrics. With shares outstanding declining from 38.3 million in Q2 2025 to 35.3 million at Q2 2026, the buyback program is a material driver of EPS accretion. The new program's 13-month window suggests ongoing confidence in the company's capital generation and valuation, though the filing provides no information on urgency, pricing parameters, or expected completion timeline.

Frequently asked questions

What is the size and duration of the new repurchase program?: S&T Bancorp authorized a $100 million share repurchase program effective July 27, 2026, expiring August 31, 2027. This replaces the prior authorization, which had remaining capacity that was terminated as of the new program's effective date.
How many shares did S&T repurchase in Q2 2026?: S&T repurchased 1,074,924 shares at an average price of $44.24 per share for $47.6 million during Q2 2026. Over the prior three quarters combined, the company retired 3,169,294 shares at an average price of $42.09 per share totaling $133.4 million.
What impact has the buyback had on share count and EPS?: Share repurchases reduced outstanding shares from 38.3 million in Q2 2025 to 35.3 million in Q2 2026, an 8.3% reduction. This contributed to diluted EPS growth from $0.83 in Q2 2025 to $1.02 in Q2 2026; net income grew only 14.7% but EPS grew 22.9% due partly to share count reduction.
Does the filing disclose how the buyback will be executed?: No. The filing does not specify whether repurchases will occur under Rule 10b-18 open-market purchases, a Rule 10b5-1 plan, an accelerated share repurchase agreement, or another mechanism.
Why is S&T repurchasing shares?: The filing describes the program as 'actively managing capital' during a period of solid earnings and strong regulatory capital ratios. Buybacks are a common capital allocation tool to return value to shareholders and offset share dilution from employee compensation plans.
What is S&T's stock price and market valuation context?: At Q2 2026 end, the stock traded at approximately $49.08 per share (market value column in financial tables). The company has a tangible book value of $29.18 per share, implying a price-to-tangible-book ratio of approximately 1.68x.

authorization regional-bank capital-management rule-10b-18-assumed

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.