Sterling Bancorp Reports Q4 EPS of $.13

Sterling Bancorp STL today reported net income available to common shareholders of $3.5 million for the fourth quarter ended December 31, 2010, an increase of 76.0% over the $2.0 million reported for the same period of 2009. Net income available to common shareholders rose to $0.13 per diluted share for the 2010 fourth quarter, from $0.11 per diluted share a year earlier, as the average number of shares outstanding in the 2010 fourth quarter increased 48% from the prior year due to the Company's March 2010 stock offering.