Sterling Bancorp Inc (SBT) Tops Q2 EPS by 1c, Beats on Revenues

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Go back to Sterling Bancorp Inc (SBT) Tops Q2 EPS by 1c, Beats on Revenues

Sterling Bancorp Reports Second Quarter 2018 Financial Results

July 30, 2018 4:05 PM EDT

Q2 2018 Summary

Net income of $16.0 million, a 79% increase from Q2 2017, and a 1.5% increase from Q1 2018 Fully diluted EPS of $0.30, a 50% increase from Q2 2017, and equivalent to Q1 2018 Annualized ROAA of 2.08% and annualized ROATCE of 21.36% Revenue, net of interest expense, was $36.2 million, a 44% increase from Q2 2017, and a 6% increase from Q1 2018 Total loan originations of $434 million, a 3% increase from Q2 2017, and a 6% increase from Q1 2018 Total gross loans, including loans held for... More