Sterling Bancorp Inc (SBT) Tops Q1 EPS by 1c

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Go back to Sterling Bancorp Inc (SBT) Tops Q1 EPS by 1c

Sterling Bancorp Reports First Quarter 2022 Financial Results

May 2, 2022 7:30 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 its unaudited financial results for the first quarter ended March 31, 2022.

First Quarter 2022 Highlights

Net income of $5.3 million, or $0.10 per diluted share Net interest margin of 3.03% Non-interest expense of $19.4 million Provision (recovery) for loan losses of $(4.3) million; ratio of allowance for loan losses to total loans held for investment of... More