Sterling Bancorp: 2Q Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported second-quarter profit of $13.4 million.
The bank, based in Southfield, Michigan, said it had earnings of 26 cents per share.
The bank holding company posted revenue of $46.9 million in the period. Its revenue net of interest expense was $32.8 million, which fell short of Street forecasts.
Sterling Bancorp shares have risen 42% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.86, a decline of 26% in the last 12 months.