Sterling Bancorp reports Q4 EPS 2c vs. 10c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
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Financial Performance: The Company reported a net income of $1.2 million for the quarter ended December 31, a significant improvement from a net loss of $(0.1) million in the previous quarter, with net interest income slightly declining to $13.5 million.
Transaction Details: EverBank is set to acquire Sterling's Bank for $261 million, following shareholder approval on December 18, with the transaction expected to close in the first quarter of 2025, pending regulatory approvals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
