See more : Crest Resources Inc. (CRSTF) Income Statement Analysis – Financial Results
Complete financial analysis of Sterling Bancorp, Inc. (Southfield, MI) (SBT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sterling Bancorp, Inc. (Southfield, MI), a leading company in the Banks – Regional industry within the Financial Services sector.
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Sterling Bancorp, Inc. (Southfield, MI) (SBT)
About Sterling Bancorp, Inc. (Southfield, MI)
Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B. that provides community banking services to individuals and businesses. It offers checking, savings, and money market accounts, as well as IRAs and certificates of deposit; and one- to four-family residential, commercial, commercial real estate, construction, and consumer loans, as well as commercial lines of credit. The company also provides retail banking services. It operates through a network of 28 branches in San Francisco and Los Angeles, California; New York, New York; and Southfield, Michigan. The company was founded in 1984 and is headquartered in Southfield, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 76.27M | 80.15M | 95.57M | 110.10M | 132.43M | 142.14M | 113.91M | 90.34M | 66.22M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 76.27M | 80.15M | 95.57M | 110.10M | 132.43M | 142.14M | 113.91M | 90.34M | 66.22M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.92M | 34.65M | 30.25M | 32.42M | 29.94M | 29.89M | 25.07M | 18.80M | 16.50M |
| Selling & Marketing | 44.31M | 0.00 | 0.00 | 529.00K | 1.36M | 1.64M | 1.03M | 1.45M | 773.00K |
| SG&A | 63.22M | 34.65M | 30.25M | 32.95M | 31.30M | 31.53M | 26.10M | 20.25M | 17.27M |
| Other Expenses | 0.00 | -10.75M | -97.28M | -161.93M | -86.02M | -44.64M | -11.00M | -38.30M | -37.58M |
| Operating Expenses | 63.22M | 23.91M | -67.03M | -128.98M | -54.72M | -11.89M | 2.70M | -18.05M | -20.31M |
| Cost & Expenses | 67.75M | 23.91M | -67.03M | -128.98M | -54.72M | -11.89M | 2.70M | -18.05M | -20.31M |
| Interest Income | 126.79M | 99.93M | 116.54M | 151.36M | 175.37M | 161.77M | 122.75M | 90.80M | 65.95M |
| Interest Expense | 61.83M | 21.13M | 25.36M | 45.60M | 54.39M | 41.67M | 25.44M | 15.85M | 8.11M |
| Depreciation & Amortization | 1.33M | 1.54M | 1.75M | 1.61M | 2.07M | 1.85M | 1.64M | 1.51M | 1.57M |
| EBITDA | 11.89M | 0.00 | 34.79M | -17.27M | 0.00 | 90.42M | 72.09M | 57.96M | 39.66M |
| EBITDA Ratio | 15.59% | 38.63% | 31.70% | -15.68% | 60.25% | 92.93% | 85.62% | 81.69% | 71.70% |
| Operating Income | 8.43M | 29.42M | 28.54M | -18.88M | 77.71M | 130.24M | 95.88M | 72.29M | 45.91M |
| Operating Income Ratio | 11.06% | 36.71% | 29.86% | -17.14% | 58.68% | 91.63% | 84.18% | 80.03% | 69.33% |
| Total Other Income/Expenses | 2.13M | -28.52M | -8.28M | -1.61M | -41.97M | -8.67M | -7.24M | -6.01M | -4.82M |
| Income Before Tax | 10.56M | -7.57M | 28.54M | -18.88M | 77.71M | 88.57M | 70.45M | 56.45M | 37.80M |
| Income Before Tax Ratio | 13.85% | -9.44% | 29.86% | -17.14% | 58.68% | 62.31% | 61.85% | 62.49% | 57.08% |
| Income Tax Expense | 3.15M | 6.63M | 8.41M | -5.91M | 20.76M | 25.10M | 32.47M | 23.22M | 15.29M |
| Net Income | 7.41M | -14.19M | 23.39M | -12.97M | 56.95M | 63.47M | 37.98M | 33.23M | 22.51M |
| Net Income Ratio | 9.72% | -17.71% | 24.47% | -11.78% | 43.00% | 44.65% | 33.34% | 36.79% | 34.00% |
| EPS | 0.15 | -0.28 | 0.47 | -0.26 | 0.57 | 1.20 | 0.82 | 0.63 | 0.43 |
| EPS Diluted | 0.15 | -0.28 | 0.47 | -0.26 | 0.57 | 1.20 | 0.82 | 0.63 | 0.43 |
| Weighted Avg Shares Out | 50.63M | 50.35M | 50.05M | 49.84M | 51.12M | 52.96M | 46.22M | 52.96M | 52.96M |
| Weighted Avg Shares Out (Dil) | 50.78M | 50.35M | 50.14M | 49.84M | 51.13M | 52.97M | 46.22M | 52.96M | 52.96M |
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary...
Sterling Bancorp Reports Third Quarter 2024 Financial Results
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 unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.– SBT
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.- SBT
NEW YORK , Oct. 22, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary...
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout September 17, 2024 11:44 AM EDT | Source: Rigrodsky Law, P.A. Wilmington, Delaware--(Newsfile Corp. - September 17, 2024) - Rigrodsky Law, P.A. is investigating Sterling Bancorp, Inc. ("Sterling") (NASDAQ:...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Sterling Bancorp, Inc.
NEW YORK , Sept. 16, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sterling Bancorp, Inc. (NASDAQ: SBT) and its board of directors concerning the proposed acquisition of the company by EverBank Financial Corp. The...
Shareholder Alert: Ademi LLP investigates whether Sterling Bancorp, Inc. has obtained a Fair Price for its Public Shareholders
MILWAUKEE , Sept. 16, 2024 /PRNewswire/ -- Ademi LLP is investigating Sterling (Nasdaq: SBT) for possible breaches of fiduciary duty and other violations of law in its transaction with Everbank.
Sterling Bancorp, Inc. to Announce Second Quarter 2024 Financial Results on Wednesday, July 24, 2024
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the second quarter 2024 prior to...
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