Sterling Bancorp

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The Company accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans.
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 Financials and Metrics

Sterling Bancorp Financials

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

Net income (Q2, 2017)

42.4 m

EBIT (Q2, 2017)

108.8 m

Market capitalization (13-Dec-2017)

3.4 b

Cash (30-Jun-2017)

282.2 m
Sterling Bancorp's current market capitalization is $3.4 b.
USDFY, 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
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cost of goods sold

7.8 m8.4 m9.9 m12.5 m13.9 m15 m17.2 m21 m

Sales and marketing expense

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

Operating expense total

45.9 m85.7 m71.3 m68.9 m59.6 m62.3 m60.4 m59.7 m

EBIT

56.8 m60.5 m88.4 m89.5 m95.4 m97.6 m104.3 m108.8 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
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

186.7 m366.4 m318.1 m486.7 m258.3 m380.5 m253.7 m282.2 m

PP&E

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

Goodwill

400.9 m669.6 m670.7 m696.6 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 b15.4 b
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)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

14 m3.7 m11.3 m16.8 m9.1 m33.3 m23.8 m61.5 m99 m39.1 m81.5 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 m6.6 m7.4 m7.4 m1.4 m1.4 m1.4 m

Cash From Operating Activities

9 m34.2 m76.6 m(15.2 m)17.7 m28.2 m99.4 m76.1 m61.9 m125.6 m
Y, 2017

Financial Leverage

8 x
Show all financial metrics

Sterling Bancorp Operating Metrics

Sterling Bancorp's Total Loans Issued was reported to be $10.2 b in Q2, 2017
Show all operating metrics

Sterling Bancorp Acquisitions / Subsidiaries

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

Sterling Bancorp Market Value History

Sterling Bancorp's Web-traffic and Trends

Sterling Bancorp Company Life and Culture

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