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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Sterling Bancorp in New York said its net income grew 75% in the fourth quarter, from a year earlier, as noninterest income grew and credit costs declined.
The $2.4 billion-asset company reported net income Thursday of $3.5 million, or 13 cents a share. It said the improvement came on loan and deposit growth, more revenue from fee-generating products and a smaller loan-loss provision.
The provision fell 62.5% from a year earlier, to $3 million. Noninterest income grew 12% in the fourth quarter, primarily due to accounts receivable management, factoring and trade finance fees.
Total loans grew 8.3% from a year earlier, to $1.3 billion. Demand deposits grew 4.4% from the fourth quarter of 2009, to $570.3 million, and were 32.6% of total deposits.
