July 27, 2012 in City

Sterling Financial Corp.

Holding company of Sterling Savings Bank
 
Stock symbol:

STSA

Reporting period:

2Q 2012

Earnings:

Profit of $320.9 million

$5.13 per share

Versus 2Q 2011:

Profit of $13.3 million

21 cents per share

Deposits:

$6.8 billion

Assets:

$9.6 billion

Analysis: Sterling’s profit number included a $288.8 million income tax benefit that the accountants were allowed to record on the balance sheet.

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