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.
Type
Public
HQ
Montebello, US
Founded
1888
Size (employees)
970 (est)
Sterling Bancorp was founded in 1888 and is headquartered in Montebello, US
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Sterling Bancorp Office Locations

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

Sterling Bancorp Financials

Sterling Bancorp's revenue was reported to be $532.54 m in FY, 2016 which is a 29.6% increase from the previous period.
USD

Net income (Q1, 2018)

98.9 m

EBIT (Q1, 2018)

221.4 m

Market capitalization (21-May-2018)

5.6 b

Closing share price (21-May-2018)

24.7

Cash (31-Mar-2018)

364.3 m
Sterling Bancorp's current market capitalization is $5.6 b.
Annual
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
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cost of goods sold

7.8 m8.4 m9.9 m12.5 m13.9 m15 m17.2 m21 m47 m

Sales and marketing expense

23.2 m22.7 m29.2 m30 m31.3 m32.5 m31.4 m31.4 m54.7 m

R&D expense

11.7 m

Operating expense total

45.9 m85.7 m71.3 m68.9 m59.6 m62.3 m60.4 m59.7 m111.7 m
Annual
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

Inventories

PP&E

63.4 m57.3 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

186.7 m366.4 m318.1 m486.7 m258.3 m380.5 m253.7 m282.2 m364.3 m

PP&E

45.1 m63.6 m63.5 m62.4 m60.8 m58.8 m57.6 m57.8 m318.3 m

Goodwill

400.9 m669.6 m670.7 m696.6 m696.6 m696.6 m696.6 m696.6 m1.6 b

Total Assets

7.7 b11.6 b11.6 b12.9 b13.1 b13.6 b14.7 b15.4 b30.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

25.3 m27.7 m66.1 m17 m

Depreciation and Amortization

1.9 m1.9 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

14 m3.7 m11.3 m16.8 m9.1 m33.3 m23.8 m61.5 m99 m39.1 m81.5 m98.9 m

Depreciation and Amortization

1.4 m1.8 m3.4 m3.1 m3.2 m3.2 m2.2 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 m62.6 m

Cash From Investing Activities

423.3 m191.2 m(110.3 m)(211.7 m)(88.2 m)(142.7 m)(631.5 m)(1 b)(1.4 b)(547.7 m)(1.2 b)(223.1 m)
USDY, 2018

Financial Leverage

7.1 x
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Sterling Bancorp Operating Metrics

Sterling Bancorp's Total Loans was reported to be $10.2b in Q2, 2017.
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Sterling Bancorp Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Astoria Financial March 08, 2017$2.20 b
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Sterling Bancorp News and Updates

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