July 26, 2013 in City

Sterling Financial Corp.

Holding company of Sterling Savings Bank
 
Stock symbol:STSA
Reporting period:

2Q 2013

Earnings:

Profit of $27.8 million

(44 cents per share)

Versus 2Q 2012:

Profit of $370.9 million

($5.13 per share)

Deposits: $6.63 billion
Assets:$9.94 billion
Analysis: Results from the second quarter of 2012 reflected a one-time tax benefit of $288.2 million. The second quarter of 2013 was one of Sterling’s best ever, President and CEO Greg Seibly said, pointing to “strong organic loan growth, lower funding costs, better efficiency and improved asset quality metrics.”

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