Sterling Bancorp: Q4 Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported a loss of $194,000 in its fourth quarter.The bank, based in Southfield, Mic...
SOUTHFIELD, Mich. (AP) _ Sterling Bancorp Inc. (SBT) on Monday reported a loss of $194,000 in its fourth quarter.The bank, based in Southfield, Michigan, said it had break-even earnings on a per-share basis.AdvertisementArticle continues below this adThe bank holding company posted revenue of $27.5 million in the period. Its revenue net of interest expense was $18.8 million, which missed Street forecasts.For the year, the company reported profit of $4 million, or 8 cents per share. Revenue was reported as $80.