Sterling Bancorp (Southfield MI) Third Quarter 2024 Earnings: US$0.003 loss per share (vs US$0.006 profit in 3Q 2023)

Simply Wall St

November 01, 2024

Sterling Bancorp (Southfield MI) (NASDAQ:SBT) Third Quarter 2024 Results

Key Financial Results

Revenue: US$16.3m (down 11% from 3Q 2023).
Net loss: US$143.0k (down by 146% from US$314.0k profit in 3Q 2023).
US$0.003 loss per share (down from US$0.006 profit in 3Q 2023).

earnings-and-revenue-history — NasdaqCM:SBT Earnings and Revenue History November 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sterling Bancorp (Southfield MI)'s share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Sterling Bancorp (Southfield MI) (1 is a bit unpleasant!) that you need to be mindful of.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.