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Sterling Bancorp: 3Q Earnings Snapshot

Associated Press
Updated

SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported third-quarter profit of $13.9 million.

The Southfield, Michigan-based bank said it had earnings of 28 cents per share.

The bank holding company posted revenue of $47.4 million in the period. Its revenue net of interest expense was $33.2 million, which fell short of Street forecasts.

Sterling Bancorp shares have climbed 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10, a climb of 1% 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