Sterling Bancorp: 2Q Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported net income of $16 million in its second quarter.
The bank, based in Southfield, Michigan, said it had earnings of 30 cents per share.
The bank holding company posted revenue of $45.8 million in the period. Its revenue net of interest expense was $36.2 million, which topped Street forecasts.
Sterling Bancorp shares have increased almost 3 percent since the beginning of the year.