Sterling Bancorp Inc (SBT) Tops Q3 EPS by 12c

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Go back to Sterling Bancorp Inc (SBT) Tops Q3 EPS by 12c

Sterling Bancorp Reports Third Quarter 2021 Financial Results

November 1, 2021 8:30 AM EDT

SOUTHFIELD, 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, 2021.

Third Quarter 2021 Highlights

Net income of $9.6 million, or $0.19 per diluted share Net interest margin of 2.83% Non-interest expense of $11.1 million, including $6.5 million of employee retention credits under the CARES Act; had we not realized this benefit, non-interest expense would have been $17.6... More