According to a Reuters consensus poll. The results were lower than EPS of $0.02 that analysts had expected.
The company has previously announced that it agreed to a strategic business combination with Comerica (CMA). The transaction is expected to be completed in the second quarter of 2011.
Sterling Bancshares (SBIB) today released results for the quarter ending on March 31, posting a net loss of $370,000 or break-even per diluted share, compared with a net loss of $6.2 million, or $0.07 per diluted share, for first