Sterling Bancorp Inc (SBT) Tops Q1 EPS by 3c
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Sterling Bancorp Reports First Quarter 2021 Financial Results
May 3, 2021 8:10 AM 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 first quarter ended March 31, 2021.
First Quarter Highlights
Net income of $2.3 million, or $0.05 per diluted share Net interest margin of 2.45% Non-interest expense of $21.3 million, including $8.8 million of professional fees Recovery for loan losses of $0.7 million; ratio of allowance for loan losses to total loans held... More