Sterling Bancorp: Q2 Earnings Snapshot

SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported second-quarter profit of $2.6 million.

The bank, based in Southfield, Michigan, said it had earnings of 5 cents per share.

The bank holding company posted revenue of $30.4 million in the period. Its revenue net of interest expense was $23.3 million, missing Street forecasts.

The company’s shares closed at $4.78. A year ago, they were trading at $3.05.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SBT at

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