Sterling Financial Corp.
Parent of Sterling Savings Bank
Stock symbol: STSA |
Reporting period: 4Q |
Earnings: $20.9 million
34 cents per share Versus 4Q 2011: $14.8 million 24 cents per share |
Deposits: $6.4 billion
Deposits dropped slightly after the sale of $182 million of Montana assets. |
Assets: $9.2 billion
Nonperforming assets were $210.4 million, or 2.3 percent of total assets |
Analysis: Multifamily residential loans in the quarter grew to $261.3 million, accounting for 47 percent of total portfolio originations. This compares with $179.6 million in 4Q 2011. |