Sterling Bancorp Inc (SBT) Tops Q2 EPS by 24c

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Go back to Sterling Bancorp Inc (SBT) Tops Q2 EPS by 24c

Sterling Bancorp Reports Second Quarter 2020 Financial Highlights

August 3, 2020 8:30 AM EDT

SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Sterling Bancorp, Inc. (NASDAQ: SBT) (the Company), the holding company of Sterling Bank and Trust, F.S.B. (the Bank), today reported unaudited financial highlights for its second quarter ended June 30, 2020 reflecting net income for the quarter despite increased operating expenses incurred in connection with the previously disclosed issues related to the Banks residential lending practices and an increased provision for loan losses.

Q2 2020 Financial Highlights

Net income of $3.6 million Net income per diluted share of... More