SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Sterling Bancorp Inc. (SBT) on Wednesday reported net income of $5.1 million in its fourth quarter.
The bank, based in Southfield, Michigan, said it had earnings of 10 cents per share.
The bank holding company posted revenue of $33.1 million in the period. Its revenue net of interest expense was $15.3 million, surpassing Street forecasts.
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For the year, the company reported profit of $7.4 million, or 15 cents per share. Revenue was reported as $67.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBT at https://www.zacks.com/ap/SBT