Sterling Bancorp Inc (SBT) Misses Q2 EPS by 1c
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Sterling Bancorp Reports Second Quarter 2021 Financial Results and Sale of Bellevue, WA Branch
August 2, 2021 8:00 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 second quarter ended June 30, 2021.
Second Quarter 2021 Highlights
Net income of $2.6 million, or $0.05 per diluted share Net interest margin of 2.70% Non-interest expense of $19.9 million, including $5.7 million of professional fees Recovery for loan losses of $0.6 million; ratio of allowance for loan losses to total loans held... More