Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) Q3 2023 Earnings Call Transcript

Thomas O’Brien: I think there’s still some pressure to come in the current quarter and maybe the quarter after. But then we have some roll-off in loans that get reinvested at higher rates. We have some roll-off in securities that get reinvested in higher rates. But I would say there’s still some potential downward pressure in a scenario where rates stay pretty much as they are.

Operator: [Operator Instructions] We have no further questions at this time, and this concludes our question-and-answer session. I would like to turn the conference back over to Tom O’Brien for any closing remarks.

Thomas O’Brien: Okay. Thank you. Thank you all for participating, and I hope you’re enjoying the tail end of the nice weather wherever you are. But the next opportunity we have to be together will be for the year-end call in January, and I will look forward to spending time with you then. So thank you all, and have a nice rest of your day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.