SBT - Sterling Bancorp GAAP EPS of -$0.04 revenue of $19.52M
- Sterling Bancorp press release ( NASDAQ: SBT ): Q2 GAAP EPS of -$0.04.
- Revenue of $19.52M (-16.3% Y/Y).
- Provision (recovery) for loan losses of $1.1M; ratio of allowance for loan losses to total loans held for investment of 2.91%.
- Bank capital ratios continue to be in excess of minimum ratios required to be considered “well-capitalized” with a leverage ratio of 14.44%, a total risk-based capital ratio of 24.93% and a common equity tier one ratio of 23.65%.
- The company’s consolidated leverage ratio of 12.91%, total risk-based capital ratio of 24.70% and common equity tier one ratio of 21.06% continue to exceed minimum regulatory capital requirements.
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Sterling Bancorp GAAP EPS of -$0.04, revenue of $19.52M