Sterling Bancshares Inc. in Houston said Tuesday that its fourth-quarter earnings rose 4.3% from a year earlier, to $13.4 million.
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Earnings per share were flat, at 18 cents.
The $4.5 billion-asset Sterling's full-year earnings jumped 16%, to a record $53 million.
It attributed its performance to the general health of the Houston area's economy. Sterling's loans rose 8.85%, to $3.3 billion at yearend, and its deposits rose 10.2%, to $3.7 billion.
For the year, its chargeoffs declined by roughly half, to $2.9 million, or 0.09% of average total loans.
