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Sterling Bancorp: 2Q Earnings Snapshot

Associated Press
Updated

SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported second-quarter profit of $13.4 million.

The bank, based in Southfield, Michigan, said it had earnings of 26 cents per share.

The bank holding company posted revenue of $46.9 million in the period. Its revenue net of interest expense was $32.8 million, which fell short of Street forecasts.

Sterling Bancorp shares have risen 42% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.86, a decline of 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBT at https://www.zacks.com/ap/SBT