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 2019 Financial Results

October 28, 2019 4:07 PM EDT

Q3 2019 Highlights

Net income of $13.9 million, up from $13.4 million in Q2 2019, and down from $15.7 million in Q3 2018 Fully diluted EPS of $0.28, up from $0.26 for Q2 2019, and down from $0.30 for Q3 2018 Third quarter annualized ROAA of 1.67% and annualized ROATCE of 15.98% Revenue, net of interest expense, of $33.2 million, up from $32.8 million in Q2 2019, and down from $35.0 million in Q3 2018 Total loan originations of $282.1 million, down from $356.5 million in Q2 2019 and $419.2 million in Q3 2018 Total gross loans, including loans held for investment... More