Sterling Bancorp reports Q4 EPS 2c vs. 10c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
0mins
Should l Buy ?
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.
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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.
