Yahoo Finance Sterling Bancorp (Southfield MI) First Quarter 2024 Earnings: US$0.004 loss per share (vs US$0.01 loss in 1Q 2023)
Sterling Bancorp (Southfield MI) (NASDAQ:SBT) First Quarter 2024 Results
Key Financial Results
Revenue: US$15.1m (down 13% from 1Q 2023).
Net loss: US$197.0k (loss narrowed by 61% from 1Q 2023).
US$0.004 loss per share (improved from US$0.01 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sterling Bancorp (Southfield MI) Earnings Insights
Looking ahead, revenue is expected to decline by 6.6% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.9%.
Performance of the American Banks industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Sterling Bancorp (Southfield MI) you should know about.
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