Sterling Bancorp Reports Third Quarter 2024 Financial Results
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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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 third quarter ended September 30, 2024.Third Quarter 2024 HighlightsNet loss of $(0.1) million, or $(0.00) per diluted shareNet interest margin of 2.30%Nonperforming loans of $13.2 million, 1.08% of total loans and 0.54% of total assetsProvision for (recovery of) credit losses of $(2.3) million; ratio of allowance for credit losses to total loans of 2.04%Non-interest expense of $15.6 millionShareholders’ equity of $334.6 millionCompany’s consolidated and Bank’s leverage ratio of 14.18% and 13.72%, respectivelyTotal deposits of $2.1 billionTotal gross loans of $1.2 billionThe Company reported a net loss of $(0.1) million, or $(0.00) per diluted share, for the quarter ended September 30, 2024, compared to net income of $1.3 million, or $0.03 per diluted share
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SBT
News
- Sterling Bancorp Announces Shareholder Approval of Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp and Approval of Plan of DissolutionBusiness Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SBT, CDE, SMAR, EVBN on Behalf of ShareholdersGlobeNewswire
- STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBTBusiness Wire
- RGI to build a second West Circle commercial complex [Yahoo! Finance]Yahoo! Finance
- STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.– SBTGlobeNewswire
SBT
Sec Filings
- 12/19/24 - Form 8-K
- 12/6/24 - Form 8-K
- 12/6/24 - Form DEFA14A
- SBT's page on the SEC website