SBT earnings

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income of $1.3 million, or $0.03 per diluted share Net interest margin of 2.44% Nonperforming loans of $12.2 million, 0.97% of total loans and 0.51% of total assets Provision for (recovery of) credit losses of $(2.1) million; ratio of allowance for credit losses to total loans of 2.18% Non-interest expense of $14.9 million Shareholders' equity of $328.9 million Company's consolidated and Bank's leverage ratio o

Conference Call and Webcast to be Held on Wednesday, July 24, 2024 at 11 AM Eastern Time Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the second quarter 2024 prior to the market open on Wednesday, July 24, 2024. The Company will also host a conference call and webcast on Wednesday, July 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Wednesday, July 24, 2024 Time: 11 AM Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Internation

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling 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

Conference Call and Webcast to be Held on Wednesday, April 24, 2024 at 11 AM Eastern Time Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the first quarter 2024 prior to the market open on Wednesday, April 24, 2024. The Company will also host a conference call and webcast on Wednesday, April 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Wednesday, April 24, 2024 Time: 11 AM Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Internat

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its financial results for the quarter and year ended December 31, 2023. Fourth Quarter and Year-End 2023 Highlights Fourth quarter net income of $5.1 million, or $0.10 per diluted share; full year net income of $7.4 million, or $0.15 per diluted share Fourth quarter net interest margin of 2.52%; full year net interest margin of 2.68% Fourth quarter provision for (recovery of) credit losses of $(4.4) million; full year provision for (recovery of) credit losses of $(8.5) million Nonperforming assets of $9.0 million, or 0.37% of to

Conference Call and Webcast to be Held on Wednesday, January 24, 2024 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the fourth quarter and full year 2023 prior to the market open on Wednesday, January 24, 2024. The Company will also host a conference call and webcast on Wednesday, January 24, 2024 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Wednesday, January 24, 2024 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-220

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Net income of $0.3 million, or $0.01 per diluted share Net interest margin of 2.62% Recorded provision for (recovery of) credit losses of $(1.9) million; ratio of allowance for credit losses to total loans of 2.42% Nonperforming assets of $6.2 million, 0.25% of total assets Total gross loans of $1.4 billion Total deposits of $2.0 billion Non-interest expense of $17.7 million Shareholders' equity of $316.1 mil

Conference Call and Webcast to be Held on Wednesday, October 25, 2023 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the third quarter 2023 prior to market open on Wednesday, October 25, 2023. The Company will also host a conference call and webcast on Wednesday, October 25, 2023 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Wednesday, October 25, 2023 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International ca

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Net income of $2.5 million, or $0.05 per diluted share Net interest margin of 2.64% Completed the sale of all loans held for sale, primarily consisting of nonperforming and chronically delinquent residential real estate loans; gain on sale of such loans of $1.7 million Recorded provision for (recovery of) credit losses of $(2.9) million; ratio of allowance for credit losses to total loans of 2.43% Nonperforming assets of

Conference Call and Webcast to be Held on Wednesday, July 26, 2023 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the second quarter 2023 prior to market open on Wednesday, July 26, 2023. The Company will also host a conference call and webcast on Wednesday, July 26, 2023 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Wednesday, July 26, 2023 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International callers: (412

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Net loss of $(0.5) million, or $(0.01) per diluted share Net interest margin of 2.93% Adopted Current Expected Credit Loss ("CECL") methodology on January 1, 2023, resulting in a $0.5 million increase (after tax) to retained earnings Recorded provision for credit losses of $0.7 million; ratio of allowance for credit losses to total loans held for investment of 2.48% Non-interest expense of $17.8 million Shareholders' e

Conference Call and Webcast to be Held on Monday, May 1, 2023 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the first quarter 2023 prior to market open on Monday, May 1, 2023. The Company will also host a conference call and webcast on Monday, May 1, 2023 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, May 1, 2023 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International callers: (412) 902-6744 Telephone

Conference Call and Webcast to be Held on Monday, January 30, 2023 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the fourth quarter and full year 2022 prior to market open on Monday, January 30, 2023. The Company will also host a conference call and webcast on Monday, January 30, 2023 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, January 30, 2023 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International cal

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights Net income of $1.2 million, or $0.02 per diluted share Net interest margin of 3.19% Non-interest expense of $21.6 million Provision (recovery) for loan losses of $(4.4) million; ratio of allowance for loan losses to total loans held for investment of 2.70% Shareholders' equity of $329.6 million Bank capital ratios continue to be in excess of minimum ratios required to be considered "well-capitalized" with a leverage ratio

Conference Call and Webcast to be Held on Monday, October 31, 2022 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the third quarter ended September 30, 2022 prior to market open on Monday, October 31, 2022. The Company will also host a conference call and webcast on Monday, October 31, 2022 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, October 31, 2022 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Internationa

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Highlights Net loss of $(2.2) million, or $(0.04) per diluted share Net interest margin of 2.95% Non-interest expense of $19.5 million Provision (recovery) for loan losses of $(1.1) million; ratio of allowance for loan losses to total loans held for investment of 2.91% Shareholders' equity of $335.3 million Bank capital ratios continue to be in excess of minimum ratios required to be considered "well-capitalized" with a leverage ratio

Conference Call and Webcast to be Held on Monday, August 15, 2022 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the second quarter ended June 30, 2022 prior to market open on Monday, August 15, 2022. The Company will also host a conference call and webcast on Monday, August 15, 2022 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, August 15, 2022 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International caller

Conference Call and Webcast to be Held on Monday, May 2, 2022 at 1 p.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the first quarter ended March 31, 2022 prior to market open on Monday, May 2, 2022. The Company will also host a conference call and webcast on Monday, May 2, 2022 at 1 p.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, May 2, 2022 Time: 1 p.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; International callers: (412) 902-6744 T

Conference Call and Webcast to be Held on Thursday, February 3, 2022 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the fourth quarter ended December 31, 2021 prior to market open on Thursday, February 3, 2022. The Company will also host a conference call and webcast on Thursday, February 3, 2022 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Thursday, February 3, 2022 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Inte

Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported unaudited financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Highlights Net income of $9.6 million, or $0.19 per diluted share Net interest margin of 2.83% Non-interest expense of $11.1 million, including $6.5 million of employee retention credits under the CARES Act; had we not realized this benefit, non-interest expense would have been $17.6 million Provision for loan losses of $0.4 million; ratio of allowance for loan losses to total loans held for investment of 3.14% Shareholders' equity of $33

Conference Call and Webcast to be Held on Monday, November 1, 2021 at 11 a.m. ET Sterling Bancorp, Inc. (the "Company") (NASDAQ:SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the "Bank"), today announced that it expects to issue its financial results for the third quarter ended September 30, 2021 prior to market open on Monday, November 1, 2021. The Company will also host a conference call and webcast on Monday, November 1, 2021 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Monday, November 1, 2021 Time: 11 a.m. Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Internationa