Sterling Bancorp Reports Second Quarter 2024 Financial Results
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Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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Source: Business Wire
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 HighlightsNet income of $1.3 million, or $0.03 per diluted shareNet interest margin of 2.44%Nonperforming loans of $12.2 million, 0.97% of total loans and 0.51% of total assetsProvision for (recovery of) credit losses of $(2.1) million; ratio of allowance for credit losses to total loans of 2.18%Non-interest expense of $14.9 millionShareholders’ equity of $328.9 millionCompany’s consolidated and Bank’s leverage ratio of 14.26% and 13.80%, respectivelyTotal deposits of $2.0 billionTotal gross loans of $1.3 billionThe Company reported net income of $1.3 million, or $0.03 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $(0.2) million, or $(0.00) per diluted share, for the
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- Sterling Bancorp (Southfield MI) Second Quarter 2024 Earnings: EPS: US$0.026 (vs US$0.05 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Shareholders in Sterling Bancorp (Southfield MI) (NASDAQ:SBT) are in the red if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Sterling Bancorp, Inc. to Announce Second Quarter 2024 Financial Results on Wednesday, July 24, 2024Business Wire
- Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) insiders have significant skin in the game with 63% ownership [Yahoo! Finance]Yahoo! Finance