Sterling Bancorp Reports Second Quarter 2024 Financial Results
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
Check Earnings Report
US:NYSE Investor Relations:
sterlingbancorp.com
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
SBT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SBT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SBT alerts
High impacting Sterling Bancorp, Inc. news events
Weekly update
A roundup of the hottest topics
SBT
News
- 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