Sterling Bancorp Reports Fourth Quarter and Record Full Year 2017 Financial Results
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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sterlingbancorp.com
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Source: Business Wire
Q4 2017 Summary Total portfolio loans of $2.59 billion, a 31% year-over-year increase Total deposits of $2.25 billion, a 39% year-over-year increase Net income of $6.5 million, or $0.13 diluted EPS, including a non-cash charge of $3.3 million recorded to tax expense relating to the recently enacted tax reform Net interest margin of 3.97% Successfully completed initial public offering with a total offering size of over $200 million, with net proceeds of over $85 million to the Company SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Sterling Bancorp, Inc. (NASDAQ: SBT), the holding company of Sterling Bank and Trust, F.S.B., today reported unaudited financial results for its fourth quarter and full year ended December 31, 2017. For the three months ended December 31, 2017, net income totaled $6.5 million, or $0.1
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