Sterling Bancorp Inc (SBT) Misses Q2 EPS by 9c
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Sterling Bancorp Reports Second Quarter 2022 Financial Results
August 15, 2022 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 its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights
Net loss of $(2.2) million, or $(0.04) per diluted share Net interest margin of 2.95% Non-interest expense of $19.5 million Provision (recovery) for loan losses of $(1.1) million; ratio of allowance for loan losses to total loans held for investment of... More