April 26, 2012 in Business

Earnings: Sterling Financial Corp.

 
STOCK SYMBOL: STSA
REPORTING PERIOD: 1Q
EARNINGS:

Profit of $13.3 million

21 cents per share

Versus 1Q 2011

Profit of $5.4 million

9 cents per share

DEPOSITS: Rose 3 percent over the last 12 months, to $6.95 billion.
ANALYSIS: Net income for the first quarter this year was lowered by acquisition-related expenses of $6.1 million; severance charges of $2.6 million; and charges related to branch consolidations of $1.3 million.

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