Sterling Bancorp

Sterling Bancorp, of which the principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families, and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.
Company Growth (employees)
Type
Public
HQ
Montebello, US
Founded
1888
Size (employees)
970 (est)
Sterling Bancorp was founded in 1888 and is headquartered in Montebello, US

Sterling Bancorp Office Locations

Sterling Bancorp has an office in Montebello
Montebello, US (HQ)
400 Rella Blvd

Sterling Bancorp Data and Metrics

Sterling Bancorp Financial Metrics

Sterling Bancorp's revenue was reported to be $532.5 m in FY, 2016
USD

Net income (Q1, 2017)

39.1 m

EBIT (Q1, 2017)

104.3 m

Market capitalization (17-Aug-2017)

3 b

Cash (31-Mar-2017)

253.7 m
Sterling Bancorp's current market capitalization is $3 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

159.8 m294.3 m410.9 m532.5 m

Revenue growth, %

84%40%30%

Cost of goods sold

7.9 m

Gross profit

524.7 m

Gross profit Margin, %

99%

Operating expense total

91 m208.4 m260.3 m247.9 m

EBIT

100 m198.9 m295.5 m384.3 m

EBIT margin, %

63%68%72%72%

Pre tax profit

36.7 m37.8 m97.9 m207.4 m

Income tax expense

6.9 m2.8 m6.2 m11.4 m10.2 m31.8 m67.4 m

Net Income

25.3 m27.7 m66.1 m140 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cost of goods sold

7.8 m8.4 m9.9 m12.5 m13.9 m15 m17.2 m

Sales and marketing expense

23.2 m22.7 m29.2 m30 m31.3 m32.5 m31.4 m

Operating expense total

23.2 m22.7 m29.2 m30 m31.3 m32.5 m31.4 m

EBIT

56.8 m60.5 m88.4 m89.5 m95.4 m97.6 m104.3 m

Pre tax profit

24.9 m(11.3 m)35.8 m36 m54.4 m56.8 m

Income tax expense

8.1 m(3.7 m)11.6 m12.2 m18.4 m17 m17.7 m

Net Income

3.7 m11.3 m16.8 m9.1 m33.3 m23.8 m61.5 m99 m39.1 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

160.4 m90.9 m281.5 m438 m113.1 m177.6 m229.5 m293.6 m

Accounts Receivable

31.5 m43.3 m

PP&E

63.4 m57.3 m

Goodwill

670.7 m696.6 m

Total Assets

12 b14.2 b

Accounts Payable

10.1 b

Total Liabilities

12.3 b

Common Stock

1.4 m1.4 m

Additional Paid-in Capital

1.5 b1.6 b

Retained Earnings

245.4 m349.3 m

Total Equity

1.7 b1.9 b

Financial Leverage

7.2 x7.6 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

186.7 m366.4 m318.1 m486.7 m258.3 m380.5 m253.7 m

PP&E

45.1 m63.6 m63.5 m62.4 m60.8 m58.8 m57.6 m

Goodwill

400.9 m669.6 m670.7 m696.6 m696.6 m696.6 m696.6 m

Total Assets

7.7 b11.6 b11.6 b12.9 b13.1 b13.6 b14.7 b

Accounts Payable

5.6 b8.8 b8.8 b9.3 b9.8 b10.2 b10.3 b

Common Stock

981 k1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m

Additional Paid-in Capital

943.8 m1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b

Retained Earnings

220.1 m206.1 m221.3 m261.3 m290 m317.4 m382.7 m

Total Equity

1.6 b1.7 b1.7 b1.7 b1.8 b1.9 b

Financial Leverage

7.1 x7 x7.6 x7.5 x7.7 x7.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

25.3 m27.7 m66.1 m17 m

Depreciation and Amortization

1.9 m1.9 m

Accounts Receivable

19.7 m

Cash From Operating Activities

(21.7 m)(21.7 m)

Cash From Investing Activities

(114.9 m)(114.9 m)

Dividends Paid

(5.9 m)(5.9 m)

Cash From Financing Activities

80.5 m80.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m11.3 m16.8 m9.1 m33.3 m23.8 m61.5 m99 m39.1 m

Depreciation and Amortization

1.4 m1.8 m3.4 m3.1 m3.2 m3.2 m2.2 m

Accounts Receivable

6.6 m6.6 m7.4 m7.4 m1.4 m1.4 m1.4 m

Cash From Operating Activities

34.2 m76.6 m(15.2 m)17.7 m28.2 m99.4 m76.1 m61.9 m

Cash From Investing Activities

191.2 m(110.3 m)(211.7 m)(88.2 m)(142.7 m)(631.5 m)(1 b)(1.4 b)(547.7 m)

Long-term Borrowings

62.5 m

Dividends Paid

(8.5 m)(11.7 m)(5.9 m)(12.2 m)(21.3 m)(9.1 m)(18.2 m)(27.3 m)(9.4 m)

Cash From Financing Activities

(173.9 m)137.1 m292.1 m315.4 m311.2 m891.3 m973.5 m1.5 b445.9 m
Y, 2017

Financial Leverage

7.8 x

Sterling Bancorp Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Astoria Financial CorporationMarch 08, 2017$2.2 b

Sterling Bancorp Market Value History

Traffic Overview of Sterling Bancorp

Sterling Bancorp News and Updates

GE Capital to sell bulk of U.S. restaurant franchise loan portfolio

(Reuters) - General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden.

Sterling Bancorp Company Life and Culture

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