S&T Bancorp, Inc.

for participating in today's earnings call. Before beginning the presentation, I want to take time to refer you to our statement about forward-looking statements and risk factors. The statement provides the cautionary language required by the Securities Exchange Commission for forward-looking statements that may be included in this presentation. A copy of the fourth quarter and full year 2025 earnings release

I'm going to begin my comments on page three. We certainly appreciate the analysts being here, and we look forward to your questions. Before we discuss Q4 specifically, I'd like to take a few minutes to discuss and wrap up 2025. Overall, we move forward through 2025 very well, producing strong returns, building record levels of capital, with increased momentum while receiving external recognition for both our financial performance as well as our high levels of employee engagement. For the year, we produced $3.49 a share, just under $135 million of net income with a 3.9% net interest margin. Loan growth was over 4% and customer deposit growth was just under 3% while expenses were well controlled. Asset quality for the full year was well managed at 18 basis points of net charge costs, while the ACL declined 16 basis points year over year, reflecting three straight years of overall improved asset quality. None of these results would have happened without the commitment of almost 1,300 S&T employees, who are some of the most engaged and talented employees in our industry. For those that are listening on the call, We thank you for your hard work and your engagement. These numbers and results are yours. You should be very proud. Turning to the quarter, our $34 million in net income equates to 89 cents per share, down slightly from Q3. Our return metrics were again strong, highlighted by a 1.37% ROA. Additionally, our NIM rose to 3.99% up six basis points on the late quarter basis, which is the best performance we've seen since Q2 of 2023, as is our 1.95% PPNR up six basis points quarter over quarter. As that quality for the quarter was mixed due to higher charge-offs associated with some NPA resolutions, while the ACL declined eight basis points due to specific reserve releases and an overall reduction in CNC assets. Dave will provide more details here in a few minutes. Moving to page four, loan growth was just under $100 million for the quarter at 4.5%, led by commercial banking with bulk growth in our C&I portfolio as well as our CRE line of business. Customer deposit growth was just under $60 million at 2.9%, and the quality of our deposit mix remains very strong with DDAs representing 27% of total balances. Before I turn it over to Dave Antolok to provide more details on the balance sheet and credit, I wanted to bring to your attention the other announcement that we made this morning announcing our new $100 million share repurchase authorization that was approved by our Board of Directors yesterday. Given the robust capital levels of the company, we are fortunate to be able to have an authorization of this size available to us. Our capital levels give us the ability to repurchase shares should the market warrant it, while not in any way impeding our ability to consider other opportunities, including M&A. With that, I'll turn it over to Dave, and I look forward to your questions.

Well, thank you, Chris. And as Chris mentioned, the loan growth of the quarter was driven primarily by commercial with CNI and CRE balances growing by $53 million and $34 million, respectively. CNI growth was the result of an increase in revolving balances and new customer acquisition. Q4 was a particularly active quarter for our asset-based lending group, who onboarded several new names. Categories of CNI growth include retail, utilities, and service. CRE growth was entirely driven by construction funding in the quarter. We continue to see demand for construction facilities for multifamily, warehouse, storage, and industrial asset classes. These loans typically fund over 12 to 18 months, move to our permanent CRE portfolio, and frequently move on to non-recourse funding sources. Supporting growth in the coming quarters our unused commercial construction commitments increased by $78 million quarter over quarter. As a result of the strong funding in Q4, our pipelines reduced slightly heading into Q1, and our focus is on rebuilding. This activity is consistent with our historical experiences. Regarding loan growth guidance for 2026, we believe that mid-single-digit growth is achievable while maintaining our asset quality profile. We expect loan growth to primarily come from C&I, where we've seen improved activity from investments we've made in team leadership and banker talent, along with CRE, where we've demonstrated a longstanding ability to develop deep customer relationships in support of growth. We are also forecasting continued consumer home equity growth that is focused on complementing our deposit franchise customers. If I can now direct your attention to slide six, of the presentation which provides additional details on our asset quality performance in Q4. Starting with the allowance for credit losses, we recognized a reduction relative to gross loans from 1.23 to 1.15%, quarter over quarter, primarily the result of two factors. First, a reduction in specific reserves related to problem loan resolution. Second, a reduction in criticized and classified loans $30 million or 13% in Q4. This reduction in criticizing classified loans at year-end 2025 represents our third consecutive year of successfully reducing loans in these categories. And over that period, the three-year period, we've reduced total CNC loans by 50%. It is also a reflection of our focus on asset quality as a key driver of financial performance, robust portfolio management, and an aggressive approach to problem loan resolution. As a result of aggressively addressing problem loans, we were able to fully resolve loans totaling $29 million during the quarter. These resolutions contributed to increased charges of $11 million, or 54 basis points annualized in the quarter. In addition, we recognized new NPL formations that caused overall NPAs to increase by $6 million from 62 to 69 basis points. We have appropriately reserved for these loans and have resolution strategies in place. Although an increase relative to Q3 and the first half of 2025, this NPL or this level of NPLs remains at a very manageable level. Looking forward, we anticipate full year 2026 asset quality results to perform similarly to what we saw in 2025 with a focus on reducing NPLs and maintaining the lower level of the CNC loans that I discussed earlier in my comments. I'll now turn the call over to Mark.