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Stock impact report

Sterling Bancorp Reports First Quarter 2024 Financial Results [Yahoo! Finance]

The Bancorp, Inc. (TBBK) 
Last the bancorp, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thebancorp.com
Company Research Source: Yahoo! Finance
Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss of $(0.2) million, or $(0.00) per diluted share Net interest margin of 2.52% Nonperforming loans of $9.3 million, or 0.72% of total loans and 0.39% of total assets Provision for credit losses of $41 thousand; ratio of allowance for credit losses to total loans of 2.24% Non-interest expense of $15.4 million Shareholders' equity of $327.3 million Company's consolidated and Bank's leverage ratio of 14.10% and 13.58%, respectively Total deposits of $2.0 billion Total gross loans of $1.3 billion The Company reported a net loss of $(0.2) million, or $(0.00) per diluted share, for the quarter ended March 31, 2024, compared to net income of $5.1 million, or $0.10 per diluted share, for the quarter ended December 31, 2023. "Sterling's first quarter of 2024 financial results are essentially break-even and a Show less Read more
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