Sterling Bancorp Reveals 29% Rise In Q1 Bottom Line

(RTTNews) - Sterling Bancorp (STL) reported a profit for its first quarter that rose from last year.

The company said its bottom line came in at $41.46 million, or $0.31 per share. This was up from $32.16 million, or $0.25 per share, in last year's first quarter.

The company said revenue for the quarter rose 13.0% to $125.75 million. This was up from $111.31 million last year.

Sterling Bancorp earnings at a glance:

-Earnings (Q1): $41.46 Mln. vs. $32.16 Mln. last year. -Earnings Growth (Y-o-Y): 28.9% -EPS (Q1): $0.31 vs. $0.25 last year. -EPS Growth (Y-o-Y): 24.0% -Revenue (Q1): $125.75 Mln vs. $111.31 Mln last year. -Revenue Change (Y-o-Y): 13.0%