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.