Sterling Bancorp Inc (SBT) Tops Q4 EPS by 2c

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Go back to Sterling Bancorp Inc (SBT) Tops Q4 EPS by 2c

Sterling Bancorp Reports Fourth Quarter and Full Year 2018 Financial Results

January 28, 2019 4:15 PM EST

Board of Directors Approves New Stock Repurchase Program

Q4 2018 Highlights

Net income of $16.0 million, up 145% from Q4 2017, and 2% from Q3 2018 Fully diluted EPS of $0.30, up 131% from Q4 2017, and unchanged from Q3 2018 Fourth quarter ROAA of 1.99% and ROATCE of 19.39%, and full year 2018 ROAA of 2.04% and ROATCE of 20.71%. Revenue, net of interest expense, was $36.7 million, up 23% from Q4 2017, and 5% from Q3 2018 Total loan originations of $332.7 million, down from $520.6 million in Q4 2017 and $419.2 million in Q3... More