Sterling Bancorp (STL) Reports Q1 EPS of $0.25

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Go back to Sterling Bancorp (STL) Reports Q1 EPS of $0.25

Sterling Bancorp Announces Results for the Three Months Ended March 31, 2016

April 26, 2016 4:18 PM EDT

MONTEBELLO, NY -- (Marketwired) -- 04/26/16 --

Total revenue2 was $109.2 million. Core net income1 was $32.2 million compared to $18.5 million for the first quarter of 2015, an increase of 73.8%. Core diluted earnings per share1 were $0.25, which represented growth of 19.0% over the first quarter of 2015. Tax equivalent net interest margin was 3.53% compared to 3.64% in the first quarter of 2015. Total non-interest income excluding securities losses was $15.7 million, which represented 14.4% of total... More