Sterling Bancorp Inc (SBT) Tops Q3 EPS by 1c

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Go back to Sterling Bancorp Inc (SBT) Tops Q3 EPS by 1c

Sterling Bancorp Reports Third Quarter 2018 Financial Results

October 29, 2018 4:05 PM EDT

Q3 2018 Summary

Net income of $15.7 million, up 30% from Q3 2017, and down 1.5% from Q2 2018 Fully diluted EPS of $0.30, up 11% from Q3 2017, and equivalent to Q2 2018 Third quarter ROAA of 1.98% and ROATCE of 20.11%, and YTD 2018 ROAA of 2.06% and ROATCE of 21.20% Revenue, net of interest expense, was $35.0 million, up 11% from Q3 2017, and down 3% from Q2 2018 Total loan originations of $419.2 million, down 15% from Q3 2017, and down 3% from Q2 2018 Total gross loans, including loans held for... More