Sterling Bancorp

Sterling Bancorp, Inc. is a holding company, which engages in the provision of financial services. It offers loan products to the residential and commercial markets, and retail banking services. The company was founded in 1989 and is headquartered in Southfield, MI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sterling Bancorp reports mixed Q4 results amidst ongoing investigations

Sterling Bancorp navigated challenges in Q4 2022, reporting a small loss per share but maintaining a yearly profit. Despite ongoing investigations and margin impacts, the bank demonstrated strength in asset quality and expense management. Opportunities exist to address margin pressures and enhance profitability through strategic initiatives.

Sterling Bancorp reports breakeven quarter, focuses on resolving challenges

Sterling Bancorp navigated a breakeven quarter with a focus on resolving legal issues and improving asset quality. While challenges persist with high expenses and economic concerns, opportunities exist in asset sales and strategic financial actions. Proactive measures like adopting CECL and addressing delinquent loans position the company for future growth.

Sterling Bancorp reports Q2 earnings, resolves investigations, eyes industry growth

Sterling Bancorp navigated challenges in Q2 2023, focusing on capitalization and resolving investigations. Despite margin pressures, the company remains optimistic about industry prospects and growth opportunities.

Sterling Bancorp reports modest profit amidst challenges and opportunities

Sterling Bancorp's Q3 performance reflects resilience amid challenges. Strong capital and liquidity, ongoing expense management, and strategic loan disposal efforts position the company for future growth. Continued government inquiries and margin pressures require careful monitoring.

Sterling Bancorp reports solid earnings, eyes growth amidst challenges

Sterling Bancorp's Q4 and full-year 2023 earnings call highlighted solid financial performance driven by recovery and strong credit metrics.
While challenges like NIM compression and nonperforming loans exist, the company's focus on expense reductions and liquidity management positions it for future growth.
Opportunities in effectively managing challenges and maintaining a strong credit risk profile can drive future profitability and market visibility.

Sterling Bancorp reports breakeven quarter amidst legal challenges and margin pressures

Sterling Bancorp navigated a challenging quarter marked by legal expenses and margin pressures. The bank's focus on reserves, leadership development, and future opportunities signals a strategic approach to overcoming challenges and driving growth.

Sterling Bancorp reports stable Q2 results amidst growth opportunities

Sterling Bancorp's Q2 performance reflects stability and strategic positioning for future growth.
While challenges exist in certain real estate sectors, the bank's strong capital base and focus on cost efficiency are notable strengths.
Opportunities lie in potential industry rate cuts and ongoing efforts to streamline operations for improved profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the second quarter ended June 30, 2021 prior to market open on Monday, August 2, 2021. The Company will also host a conference call and webcast on Monday, August 2, 2021 at 10 a.m. (ET) to discuss its financial results. Conference Call, Replay an

Sterling Bancorp, Inc. to Announce Second Quarter Financial Results on Monday, August 2

SOUTHFIELD, Mich.--(BUSINESS WIRE)--SBT 1Q2021 Earning release

Sterling Bancorp Reports First Quarter 2021 Financial Results

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the first quarter ended March 31, 2021 prior to market open on Monday, May 3, 2021. The Company will also host a conference call and webcast on Monday, May 3, 2021 at 11 a.m. (ET) to discuss its financial results. Conference Call, Replay and Webc

Sterling Bancorp, Inc. to Announce First Quarter Financial Results on Monday, May 3

SOUTHFIELD, Mich--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), today announced that the Company has entered into the final settlement agreement settling the securities class action lawsuit, Oklahoma Police Pension and Retirement System v. Sterling Bancorp, Inc., et al, Case No. 5:20-cv-10490-JEL-EAS, pending in the United States District Court for the Eastern District of Mic

Sterling Bancorp, Inc. Settles Securities Class Action Lawsuit

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, FSB today announced that it has entered into an agreement with First Federal Savings & Loan Association of Port Angeles, a Washington state chartered bank to sell its Bellevue, Washington branch office, subject to applicable regulatory approvals and other customary closing conditions. The transfer is targeted for completion in the first half of 20

Sterling Announces Sale of Bellevue, Washington Branch to First Federal of Port Angeles, Washington

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its financial results for the quarter and year ended December 31, 2020. Fourth Quarter and Year-End 2020 Highlights Fourth quarter net loss of $11.7 million, or $(0.23) per diluted share; full year net loss of $13.0 million, or $(0.26) per diluted share Fourth quarter net interest margin of 2.51%; full year ne

Sterling Bancorp Reports Fourth Quarter and Full Year 2020 Financial Results

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the fourth quarter ended December 31, 2020 prior to market open on Monday, February 1, 2021. The Company will also host a conference call and webcast on Monday, February 1, 2021 at 2 p.m. (ET) to discuss its financial results. Conference Call, Re

Sterling Bancorp, Inc. to Announce Fourth Quarter Financial Results on Monday, February 1

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported unaudited financial results for its third quarter ended September 30, 2020. Third Quarter Highlights Net loss of $111 thousand, or $(0.00) per share Net interest margin of 2.74% Non-interest expense of $25.0 million, including $12.2 million of professional fees Provision for loan losses of $2.1 million, increa

Sterling Bancorp Reports Third Quarter 2020 Financial Results

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) announced today that it will issue its third quarter ended September 30, 2020 financial results after the market closes on Wednesday, October 28, 2020. Sterling Bancorp will also host a conference call and webcast at 2:00 p.m. Eastern Time on Thursday, October 29, 2020 to discuss its financial results. Conference Call, Replay and Webcast Information: Date: Thursday, October 29, 2020 Time: 2:00 p.m. Eastern Time Telephone A

Sterling Bancorp, Inc. to Announce Third Quarter 2020 Financial Results on Wednesday, October 28

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the bank holding company of Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), today announced that its indirect wholly-owned subsidiary, QCM, LLC, doing business as Quantum Capital Management (“Quantum”), entered into an Asset Purchase Agreement to sell substantially all of its assets, which consist primarily of client advisory agreements. The closing of the transaction is subject to customa

Sterling Bancorp Announces Agreement to Sell Substantially All Assets of Quantum

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced that the audit of its consolidated financial statements for the year ended December 31, 2019 has been completed and the Company has filed its 2019 Annual Report on Form 10-K (the “2019 Form 10-K”) with the Securities and Exchange Commission. As previously reported, the Company was unable to timely file the 2019 Form 10-K a

Sterling Bancorp Announces Filing of Form 10-K for the Year Ended December 31, 2019 and Updated 2019 Financial Results

SOUTHFIELD, Mich.--(BUSINESS WIRE)--On September 22, 2020, Sterling Bancorp, Inc. (the “Company”) (NASDAQ:SBT), the bank holding company of Sterling Bank and Trust, FSB, Southfield, Michigan (the “Bank”), increased the size of the Board from nine to 11 directors and appointed Mr. Denny Kim and Mr. Steven Gallotta as directors to fill the newly-created vacancies on the Board, effective upon receipt of regulatory non-objection from the Office of the Comptroller of the Currency. Messrs. Kim and Ga

Sterling Bancorp Announces Appointment of Two New Independent Directors; Sets Date for 2020 Annual Meeting

SOUTHFIELD, Mich.--(BUSINESS WIRE)--On September 15, 2020, Sterling Bancorp, Inc.

Sterling Bancorp Announces Receipt of Staff Delisting Determination from Nasdaq; Intends to Request Hearing

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc.

News for Sterling Bancorp Stock (SBT)