Sterling Financial Corporation of Spokane, Wash., Announces 2009 Year-End Earnings and Conference Call

Sterling Financial Corporation (NASDAQ:STSA – News), today announced that it expects to release year-end 2009 earnings at 1:30 p.m. PST on Monday, Feb. 1, 2010. Sterling plans to host a conference call for investors the next morning, Tuesday, Feb. 2, 2010, at 8:00 a.m. PST to discuss the company’s financial results.

A live audio webcast of the conference call can be accessed at the company’s website, www.sterlingfinancialcorporation-spokane.com. To access this audio presentation call, click on the audio webcast icon. Additionally, you may listen to the live conference call by telephone. To participate in the conference call, domestic callers should dial (312) 470-7371 approximately five minutes before the scheduled start time. You will be asked by the operator to identify yourself and provide the password “STERLING” to enter the call. [Read the full article]

SEATTLE–(BUSINESS WIRE)–A former employee of Spokane-based Sterling Savings Bank (NASDAQ:STSA – News), has filed a class-action lawsuit claiming the bank and its holding company, Sterling Financial Corporation failed to protect employees investment in company stock through the company 401(k) Plan. The suit filed by Hagens Berman Sobol Shapiro at the U.S. District Court replaces a similar suit filed on Jan. 11, 2010, which the firm dismissed at the request of Cory Deter.

Attorneys representing plaintiff Philip Laue believe that Sterling stock price has imploded as the result of ill-advised commercial real estate, construction and land loans, improper accounting and inadequate capitalization. [Read the full article]

BCSB Bancorp Inc., the parent company of Baltimore County Savings Bank, saw its earnings more than double in the first quarter. The bank earned $670,000, or 18 cents a share, in the three months ended Dec. 31. That compares with net income of $240,000, or 8 cents a share, for the same period in 2008. The bank’s profit was boosted by higher net interest income and fewer non-performing commercial and residential real estate loans during the final three months of 2009, which was the first quarter of the bank’s 2010 fiscal year. “When considering the challenges currently faced within the financial services industry, we are encouraged by operating results during the first quarter of our fiscal year and remain very well capitalized; said Joseph J. Bouffard, BCSB Bancorp;s CE0, said in a statement. BCSB Bancorp (Nasdaq: BCSB) said Jan. [Read the full article]

Brookline Bancorp, Inc. (the “Company”) (NASDAQ: BRKL – News) announced today its earnings for the 2009 fourth quarter and year and approval by its Board of Directors of a regular quarterly dividend of $0.085 per share payable February 18, 2010 to stockholders of record on February 1, 2010.

The Company earned $5,836,000, or $0.10 per share on a basic and diluted basis, for the quarter ended December 31, 2009 compared to $4,730,000, or $0.08 per share on a basic and diluted basis, for the quarter ended December 31, 2008. Net income for the year ended December 31, 2009 was $19,200,000, or $0.33 per share on a basic and diluted basis, compared to $12,850,000, or $0.22 per share on a basic and diluted basis, for the year ended December 31, 2008. [Read the full article]

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