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Shares of Sterling Bancorp (NYSE:STL) moved higher by 0.48% in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share fell 9.26% year over year to $0.49, which beat the estimate of $0.46.
Revenue of $222,026,000 declined by 2.73% from the same period last year, which beat the estimate of $219,560,000.
Looking Ahead
Sterling Bancorp hasn't issued any earnings guidance for the time being.
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Sterling Bancorp hasn't issued any revenue guidance for the time being.
Price Action
52-week high: $21.17
52-week low: $7.00
Price action over last quarter: Up 54.10%
Company Overview
Sterling Bancorp is a financial and bank holding company that operates primarily through its wholly owned subsidiary, Sterling National Bank. Sterling National Bank is a full-service regional bank that primarily delivers products and services to small and middle market commercial businesses and affluent consumers. Those products and services include deposit, lending, and wealth management products. The bank's strategy emphasizes growth, efficiency, and relationship building with its niche target market. It primarily operates in the New York metropolitan and suburban markets. Nearly all of its loan portfolio is in commercial loans, a plurality of which is in commercial real estate, followed by traditional commercial and industrial loans.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.