Sterling Bancorp (STL) Tops Q2 EPS by 2c

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Go back to Sterling Bancorp (STL) Tops Q2 EPS by 2c

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 EDT

Key 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