Sterling Bancorp (STL) Tops Q2 EPS by 2c
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Sterling Bancorp announces results for the second quarter and first half of 2021. Diluted earnings per share available to common stockholders in the second quarter of 2021 of $0.50 (as reported) and $
July 21, 2021 4:10 PM EDTKey Performance Highlights
GAAP net income available to common stockholders was $96.4 million.Adjusted net income increased to $100.5 million from $97.6 million in the linked quarter.Reported net interest margin excluding accretion income1 of 3.30% was flat compared to the linked quarter.Cost of funding liabilities decreased by seven bps to 20 bps; earning asset yields decreased by seven bps to... More