Related Links
Sterling Bancshares Inc. in Houston said Tuesday that its second-quarter net income climbed 16% from a year earlier, to $13.1 million, or 18 cents a share.
Processing Content
The $4.4 billion-asset Sterling's earnings beat the average of analysts' estimates by a penny a share, according to Thomson Financial.
During the quarter the company completed the integration of the $191 million-asset Partners Bank of Texas in Houston and closed its acquisition of MBM Advisors Inc. in Houston. Sterling's efficiency ratio improved 82 basis points from the first quarter and 79 basis points from a year earlier, to 61.76%.
