Sterling Bancorp: 4Q Earnings Snapshot

SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported a loss of $11.7 million in its fourth quarter.

The Southfield, Michigan-based bank said it had a loss of 23 cents per share.

The bank holding company posted revenue of $36 million in the period. Its revenue net of interest expense was $25.7 million, which did not meet Street forecasts.

The company’s shares closed at $4.74. A year ago, they were trading at $7.66.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBT at https://www.zacks.com/ap/SBT

Categories: Business News