S&T Bancorp Inc

STBA remains in a Stage 2 uptrend within a broad long-term advance, but has entered a shallow consolidation and pullback into its short-term EMAs. Momentum and oscillators are neutral, and price is hovering near the 9/20 EMAs and just below the 50-day SMA. Consistent with the Free Cash Flow + Buybacks strategy, we will stalk for a clean pullback into rising EMA support before committing capital.

• ↑Q2 net income $36.6M (+22.9% YoY); EPS $1.02
• ↑NIM expanded to 3.99%, guided stable at ~3.90%+
• ↓Q1 loan balances fell $113M amid reduced pipeline