Sterling Bancorp: Q1 Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported first-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
The Southfield, Michigan-based bank said it had earnings of 5 cents per share.
The bank holding company posted revenue of $32.4 million in the period. Its revenue net of interest expense was $23.7 million, which fell short of Street forecasts.
The company’s shares closed at $4.95. A year ago, they were trading at $3.35.