Sterling Bancorp Inc (NAS:SBT)
$ 5.18 0.09 (1.77%) Market Cap: 269.50 Mil Enterprise Value: -318.50 Mil PE Ratio: 33.21 PB Ratio: 0.82 GF Score: 57/100
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Q3 2022 Sterling Bancorp Inc Earnings Call Transcript

Oct 31, 2022 / 03:00PM GMT
Release Date Price: $6.37 (-0.47%)
Operator

Good morning, and welcome to the Sterling Bancorp Third Quarter 2022 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Tom O'Brien. Please go ahead, sir.

Thomas M. O;Brien;Southfield;Chairman
Sterling Bancorp, Inc.;MI;President & CEO

' - ( - )- -

Okay. Thank you, and Good morning, everyone. Welcome to the third quarter call. As always, I turn your attention to the disclosures regarding our presentation that are available for your review in the 8-K. With that, I assume everybody has had a chance to look at those, understands them.

So in the third quarter here, as I noted in the press release, we've made very good progress on several fronts. There's still a lot of noise. I mean we recognize that, obviously. And with all of that, we're managing a small profit. But notably, in the quarter, credit continues to improve. On the commercial side, for the first time in my tenure, there were no

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