Sterling Bancorp Reports 74% Advance In Q1 Bottom Line

(RTTNews) - Sterling Bancorp (STL) reported earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line totaled $32.16 million, or $0.25 per share. This was up from $18.50 million, or $0.21 per share, in last year's first quarter.

The company said revenue for the quarter rose 49.5% to $108.94 million. This was up from $72.88 million last year.

Sterling Bancorp earnings at a glance:

-Earnings (Q1): $32.16 Mln. vs. $18.50 Mln. last year. -Earnings Growth (Y-o-Y): 73.8% -EPS (Q1): $0.25 vs. $0.21 last year. -EPS Growth (Y-o-Y): 19.0% -Revenue (Q1): $108.94 Mln vs. $72.88 Mln last year. -Revenue Change (Y-o-Y): 49.5%