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.


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