|Bid||6.02 x 1300|
|Ask||0.00 x 2200|
|Day's Range||6.02 - 6.08|
|52 Week Range||5.01 - 7.26|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||14.78|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 20, 2020|
|1y Target Est||7.33|
Thank you for joining us today to discuss Sterling Bancorp's financial results for the second quarter ended June 30, 2022. Joining us today from Sterling's management team are Tom O'Brien, chairman, CEO, and president; and Karen Knott, chief financial officer and treasurer. Before we begin, I'd like to remind you that this conference call contains forward-looking statements with respect to the future performance and financial condition of Sterling Bancorp that involves risks and uncertainties.
Sterling Bancorp (SBT) delivered earnings and revenue surprises of -157.14% and 14.03%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
SOUTHFIELD, Mich., August 15, 2022--Sterling Bancorp, Inc. (NASDAQ: SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the second quarter ended June 30, 2022.