Sterling Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 23, 2019 at 09:15 pm
Sterling Bancorp announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net interest income of $242,871,000 compared to $234,024,000 a year ago. Net income was $114,491,000 compared to net loss of $33,279,000 a year ago. Basic and diluted earnings per share was $0.51 compared to $0.16 a year ago.
For the full year, the company reported net interest income of $967,403,000 compared to $576,143,000 a year ago. Net income was $447,254,000 compared to $93,031,000 a year ago. Basic earnings per share was $1.96 compared to $0.58 a year ago. Diluted earnings per share was $1.95 compared to $0.58 a year ago.