Sterling Bancorp Inc (SBT) Misses Q3 EPS by 8c
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Sterling Bancorp Reports Third Quarter 2020 Financial Results
October 28, 2020 4:05 PM EDTSOUTHFIELD, Mich.--(BUSINESS WIRE)-- Sterling Bancorp, Inc. (NASDAQ: SBT) (Sterling or the Company), the holding company of Sterling Bank and Trust, F.S.B. (the Bank), today reported unaudited financial results for its third quarter ended September 30, 2020.
Third Quarter Highlights
Net loss of $111 thousand, or $(0.00) per share Net interest margin of 2.74% Non-interest expense of $25.0 million, including $12.2 million of professional fees Provision for loan losses of $2.1 million, increasing the allowance for loan losses to 1.80% of total... More