Sterling Financial Q2 Profit Rises - Quick Facts

(RTTNews) - Sterling Financial Corp. (STSA) Thursday reported second-quarter profit of $27.8 million or $0.44 per share, up from $22.7 million or $0.36 per share in the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $80.4 million from $76.9 million last year. Net-interest margin was 3.70 percent, up one basis point from last year. Non-interest income totaled $42.0 million, up from $37.6 million last year.