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Sterling Bancorp Q4 Profit Rises

Sterling Bancorp (STL) Wednesday reported fourth-quarter profit of $109.6 million or $0.57 per share, compared to $74.5 million or $0.38 per share last year.

Adjusted earnings for the quarter were $121.9 million or $0.64 per share, up from $94.3 million or $0.49 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.52 per share for the quarter.

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