Sterling Bancorp, Inc. Southfield, Mi Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 02:42 am IST
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Sterling Bancorp, Inc. Southfield, MI announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net income was USD 13.950 million compared to USD 15.996 million a year ago. Basic earnings per share was USD 0.28 compared to USD 0.3 a year ago. For the full year, net income was USD 56.951 million compared to USD 63.468 million a year ago. Basic earnings per share was USD 1.11 compared to USD 1.2 a year ago.
Sterling Bancorp, Inc. is a unitary thrift holding company. It operates through Sterling Bank and Trust, F.S.B. (the Bank). The Bank originates commercial real estate loans and commercial and industrial loans, and provides deposit products, including checking, savings and term certificate accounts. It also engages in mortgage banking activities and, as such, acquires, sells and services residential mortgage loans. It offers a variety of commercial loan products, such as commercial real estate loans, construction loans and commercial and industrial loans. It offers traditional depository products, including checking, savings, money market, individual retirement accounts and certificates of deposits, to individuals and businesses throughout its market areas. It operates through a network of 27 branches, of which 25 branches are located in the San Francisco and Los Angeles, California metropolitan areas, with the remaining branches located in New York, New York and Southfield, Michigan.
STERLING BANCORP, INC. (SOUTHFIELD, MI) 
