S&T Bank - M&A Summary and Business Overview

Financial ServicesCompany

S&T Bank M&A Summary

S&T Bank has acquired 7 companies, including 1 in the last 5 years. It has also divested 2 assets.

S&T Bank’s largest acquisition to date was in 2019, when it acquired DNB Financial for $206M. It’s largest disclosed sale occurred in 2015, when it sold IBT Bancorp to Veritex Holdings for $21M. S&T Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

S&T Bank Business Overview

Where is S&T Bank headquartered?

S&T Bank is headquartered in Indiana, Pennsylvania.

What is S&T Bank’s revenue?

S&T Bank disclosed revenue of 375M USD for 2022 and 341M USD for 2021.

How many employees does S&T Bank have?

S&T Bank has 1,174 employees.

What sector is S&T Bank in?

S&T Bank is a financial services company.

When was S&T Bank founded?

S&T Bank was founded in 1902.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

S&T Bank

S&T Bancorp, Inc.

800 Philadelphia Street,
Indiana, Pennsylvania 15701
United States,
(800) 325-2265
www.stbancorp.com

S&T Bank is a provider of financial services. S&T Bank was founded in 1902 and is based in Indiana, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $684M $684M
Sell (0.0/yr) # 2 - - - - - 2
vol $21M $21M
  9

Most Recent M&A

Company Date Value Type
DNB Financial Corp. 2019-06-05 206M USD Merger
Downingtown, Pennsylvania · www.dnbfirst.com
Integrity Bancshares, Inc. 2017-11-28 - Divestiture
Camp Hill, Pennsylvania
IBT Bancorp, Inc. 2015-07-01 21M USD Divestiture
Irwin, Pennsylvania
Integrity Bancshares, Inc. 2014-10-30 155M USD Merger
Camp Hill, Pennsylvania
Gateway Bank of Pennsylvania 2012-03-30 120M USD Add-on Acquisition
Mc Murray, Pennsylvania · www.gatewaybankpa.com
Mainline Bancorp, Inc. 2011-09-14 22M USD Add-on Acquisition
Ebensburg, Pennsylvania
IBT Bancorp, Inc. 2008-06-09 - Add-on Acquisition
Irwin, Pennsylvania
Peoples Financial Corp., Inc. 2002-09-07 87M USD Add-on Acquisition
Ford City, Pennsylvania
Peoples Bank of Unity 1996-11-26 94M USD Add-on Acquisition
Plum Borough, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (100%) 684M (100%) 2 (100%) 21M (100%)
Total 7 $684M 2 $21M

By Geo

State/Country Buy Value Sell Value
United States 7 684M 2 21M
  Pennsylvania 7 684M 2 21M
Total 7 $684M 2 $21M

Top M&A Advisors

Financial Deals
Stifel, Nicolaus & Co., Inc.
 2
Keefe, Bruyette, & Woods, Inc.
 1
Legal Deals
Arnold & Porter LLP
 2
Wachtell, Lipton, Rosen & Katz
 1

Deal Values

buy # Total
$100M to $1B 3 $481M
< $100M 3 $203M
TOTAL $684M
Largest DNB Financial Corp.
$206M (2019-06-05)
sell # Total
< $100M 1 $21M
TOTAL $21M
Largest IBT Bancorp, Inc.
$21M (2015-07-01)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

375   10% 2022
341   1% 2021
339   14% 2020
299   7% 2019
282   1% 2018
281   9% 2017
258   2016
(millions of USD) Show More Show Less

Employees

1,174

Established

1902

Public

NASDAQ: STBA

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