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.


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

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