Sterling Bancorp (Sterling), a financial holding company and the parent company of Sterling National Bank, has reported record results for the third quarter and the nine months ended September 30, 2003.
Net income increased 10.3% compared to the third quarter of 2002 with average total loans and average demand deposits each grew 20.0% year-on-year. Non-interest income grew to 28% of gross revenues.
Sterling provides a wide range of products and services including factoring, trade financing, asset-based financing, equipment leasing and business loans.
