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Sterling Bancorp Q3 Profit Rises

Sterling Bancorp (STL) Wednesday reported third-quarter profit of $93.7 million or $0.49 per share, compared to $82.4 million or $0.43 per share last year.

Adjusted earnings for the quarter were $87.7 million or $0.45 per share, up from $99.6 million or $0.52 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.51 per share for the quarter.

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