Shares for Sterling Bancorp in Montebello, N.Y., rose after the company posted stronger quarterly income tied to its merger with Provident New York Bancorp.

The $7.3 billion-asset Sterling said Monday after the market closed that net income for the period that ended June 30 rose 135%, to $15 million, from a year earlier. Earnings per share of 18 cents fell a penny short of the estimates of analysts polled by Bloomberg. Sterling's shares were trading at $11.93 Tuesday midday, up almost 2% from Monday's closing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.