January 26, 2013 in Business

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.

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