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Sterling Bancorp inc   (SBT)
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 

Slight -3.124 %, Revenues slide at the company over the most recent fiscal period

company delivered third quarter of 2022 operating surplus of $1.918 millions


Published Nov 16 2022
CSIMarket Team / CSIMarket.com


Safe_By_Korzun_Andpey_(KoriAn)_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsFor the third quarter of 2022 earnings season company income fell sharply by -89.47 % of $0.02 per share compare to $0.19 a year ago and income per share turned positive from $-0.04 per share from the previous reporting season.

Revenues contracted by -3.124 % to $23.54 millions from $24.30 millions in the same reporting season a year ago and sequentially Revenues advanced by 14.134 % from $20.62 millions.




Bottom-line of $1.176 millions in the third quarter of 2022 earnings season fell by -87.69 % from $9.557 millions in the corresponding period a year before. Looking further into third quarter of 2022 earnings season Sterling Bancorp Inc 's profitability, operating margin mitigated to 8.15%, and net margin shrank to 5%.
Operating earnings, fell -85.49% to $1.918 millions, squeezing Sterling Bancorp Inc 's operating margin to 8.15%, from 54.42% in the third quarter of 2021.

Sterling Bancorp Inc is expected to report next financial recent numbers on May 12, 2023.



Sterling Bancorp Inc's Dividend Pay out

Sterling Bancorp Inc's Operating Margin



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