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Sterling Bancshares

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  1. A Rather Uneventful Second Quarter at Comerica


    Tue, 19 Jul 2011

    we are not changing our $35 per share fair value estimate, which already bakes in the upcoming acquisition of Sterling Bancshares SBIB. As we anticipated, Comerica's credit quality rate of improvement slowed down and the decrease in provisions

  2. Comerica Reports Good 2010, Sterling Acquisition Plan


    Wed, 19 Jan 2011

    provisions were behind the quarterly and yearly improvement. In addition, Comerica announced its plans to acquire Sterling Bancshares SBIB by mid-2011. We think that while the merger makes strategic sense for Comerica, the price is a tad on

  3. Comerica to Acquire Sterling Bancshares


    Tue, 18 Jan 2011

    Earlier today, Comerica CMA announced its plans to acquire Sterling Bancshares SBIB. The deal is a stock-for-stock transaction where Sterling shareowners will get $10.00 worth of Comerica shares for

  4. Sterling Bancshares Reports 3Q


    Fri, 29 Oct 2010

    Once again, Sterling Bancshares 's SBIB bottom line benefited from a decline in provision expense. Between July and September, the bank earned $4.5 million

  5. Sterling Posts 2Q Profit


    Mon, 26 Jul 2010

    A dramatic decline in provisions for loan losses allowed Sterling Bancshares ' SBIB bottom line to swing into a profit. The company earned $0.6 million (a penny per share), which, although low, is

  6. Credit Quality Sill Hurts Sterling


    Mon, 26 Apr 2010

    Hefty provisions for loan losses took a heavy toll on Sterling Bancshares 'SBIB first - quarter results . The bank lost $ 6 million , a much worse result than the $ 2 million it earned in the fourth quarter

  7. Sterling to Raise Equity


    Wed, 24 Feb 2010

    Sterling Bancshares SBIB just announced it wants to issue $80 million worth of new common shares. As we incorporate the expected dilution into our

  8. TARP Repayment Hurts Sterling


    Tue, 21 Jul 2009

    After taking a $7.5 million hit related to the Troubled Asset Relief Program funding repayment, Sterling Bancshares SBIB reported a $4.9 million loss for the second quarter, compared with $5.5 million net income in the first quarter. The

  9. A Very Strong Finish for Sterling


    Thu, 29 Jan 2009

    Sterling Bancshares SBIB, a Texas bank, reported solid fourth-quarter profits, earning $0.13 per share, a 30% increase over the third quarter

  10. Sterling Bancshares Applies for Capital


    Mon, 17 Nov 2008

    On Monday, Sterling Bancshares SBIB announced it had applied for $125 million in capital from the Treasury's capital program. The $125 million is right where

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