---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-050928"
form_type: "8-K"
ticker: null
cik: "0001680379"
company_name: "Sterling Bancorp, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:44:04.020962+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sterling Bancorp reports Q1 2024 net loss of $0.2M vs Q4 2023 net income of $5.1M

## Summary
- Net loss of $(0.2) million ($0.00 diluted EPS) vs net income of $5.1M ($0.10) in prior quarter.
- Net interest margin stable at 2.52%; net interest income $14.9M vs $15.1M prior quarter.
- Non-interest expense rose 20% to $15.4M, primarily due to $3.1M increase in professional fees; no insurance reimbursement in Q1 2024.
- Provision for credit losses minimal at $41K; nonperforming loans $9.3M (0.72% of loans); allowance 2.24%.
- Director Lyle Wolberg resigned; COO Christine Meredith elected to fill board vacancy.

## SEC filing metadata
- accession: 0001104659-24-050928
- form_type: 8-K
- cik: 0001680379
- company_name: Sterling Bancorp, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680379/000110465924050928/0001104659-24-050928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680379/000110465924050928/tm2412308d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-050928
- JSON: https://secwatch.observer/filing/0001104659-24-050928.json
- Plain text: https://secwatch.observer/filing/0001104659-24-050928.txt

## Key facts
- Earnings Releases
  Sterling Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income $(0.2) million, EPS $(0.00) per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $(0.2) million
  - EPS: $(0.00) per diluted share
  - Result: reported results
  source text: Sterling Bancorp Reports First Quarter 2024 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680379/000110465924050928/0001104659-24-050928-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.