Sterling Bancorp Inc reports results for the quarter ended in June - Earnings Summary

STERLING BANCORP

26/07/2023 14:32

* Sterling Bancorp Inc  SBT.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue fell 7.3% to $18.10 million from a year ago;
analysts
expected $17.87 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 57.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sterling Bancorp Inc shares had risen by 2.4% this
quarter and
lost 8.0% so far this year.
    * The company reported quarterly net income of $2.54
million.
    * Wall Street's median 12-month price target for Sterling
Bancorp
Inc is $7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.05           Beat
 Mar. 31 2023      0.10           -0.01          Missed
 Dec. 31 2022      0.03           0.00           Missed
 Sep. 30 2022      0.04           0.02           Missed