Sterling Bancorp (N:STL)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 400 Rella Blvd
MONTEBELLO NY 10901-4241
Tel: 1-203-9728350
IR: See website
Key People
Richard L. O'Toole
Independent Chairman of the Board
Jack L. Kopnisky
President, Chief Executive Officer, Director
Luis Massiani
Chief Financial Officer, Senior Executive Vice President
Rodney C. Whitwell
Chief Administrative Officer, Senior Executive Vice President
Michael E. Finn
Senior Executive Vice President, Chief Risk Officer
Thomas X. Geisel
Senior Executive Vice President, Corporate Banking President
Business Overview
Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.
Financial Overview
For the fiscal year ended 31 December 2019, Sterling Bancorp interest income decreased less than 1% to $1.2B. Net interest income after loan loss provision decreased 5% to $872.9M. Net income applicable to common stockholders decreased 5% to $419.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 2% to 3.49%, Net Interest Spread, Total -% decrease of 4% to 3.19%.
Employees: 1,639 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,642M as of Dec 31, 2019
Annual revenue (TTM): $1,203M as of Dec 31, 2019
EBITDA (TTM): $693.16M as of Dec 31, 2019
Net annual income (TTM): $419.11M as of Dec 31, 2019
Free cash flow (TTM): $347.48M as of Dec 31, 2019
Net Debt Last Fiscal Year: $311.15M as of Dec 31, 2019
Shares outstanding: 197,971,077 as of Feb 27, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization