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Sterling Bancorp (STL)

Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities they 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 profile

Ticker
STL, STL-PA
Exchange
CEO
Jack L. Kopnisky
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PROVIDENT BANCORP INC/NY/, PROVIDENT NEW YORK BANCORP
SEC CIK
Subsidiaries
10 Ben Holding Corp. • 143 Will Holding Corp • 21 Scarsdale Road Corp. • 325 West Holding Corp. • 369 East Realty Corp. • 500 Commercial Holding Corp. • 682 Jam Holding Corp • Advantage Funding Auto Trust, LLC • Advantage Funding Commercial Capital Corp. • Advantage Funding Management Co., Inc. ...
IRS number
800091851

STL stock data

Calendar

29 Oct 21
1 Oct 22
31 Dec 22
Quarter (USD) Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Jan 22 Aboelnaga Mona Common Stock Sale back to company Dispose D No No 0 9,302 0 0
31 Jan 22 Djonovic Navy E. Common Stock Sale back to company Dispose D No No 0 26,215 0 0
31 Jan 22 Ferrer Fernando Common Stock Sale back to company Dispose D Yes No 0 211 0 0
31 Jan 22 Ferrer Fernando Common Stock Sale back to company Dispose D No No 0 39,026.196 0 0
31 Jan 22 Cahill John P. Common Stock Sale back to company Dispose D Yes No 0 2,639.79 0 0
31 Jan 22 Cahill John P. Common Stock Sale back to company Dispose D No No 0 29,816.27 0 0
31 Jan 22 Cahill John P. Phantom Stock Phantom Stock Sale back to company Dispose D No No 0 544.12 0 0
31 Jan 22 Giambrone Robert Common Stock Sale back to company Dispose D Yes No 0 2,500 0 0
31 Jan 22 Giambrone Robert Common Stock Sale back to company Dispose D Yes No 0 1,575 0 0
31 Jan 22 Giambrone Robert Common Stock Sale back to company Dispose D No No 0 19,358 0 0
0.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 294 -99.3%
Opened positions 0 38 EXIT
Closed positions 292 32 +812.5%
Increased positions 0 102 EXIT
Reduced positions 1 101 -99.0%
13F shares Current Prev Q Change
Total value 19.88M 11.06B -99.8%
Total shares 771.22K 158.71M -99.5%
Total puts 0 0
Total calls 0 9.3K EXIT
Total put/call ratio
Largest owners Shares Value Change
Allspring Global Investments 770.67K $19.88M 0.0%
Advisor 555 $0 -97.6%
Largest transactions Shares Bought/sold Change
Vanguard 0 -17.9M EXIT
BLK Blackrock 0 -16.07M EXIT
Dimensional Fund Advisors 0 -10.99M EXIT
STT State Street 0 -9.4M EXIT
FMR 0 -7.67M EXIT
Diamond Hill Capital Management 0 -7.33M EXIT
IVZ Invesco 0 -5.96M EXIT
Wellington Management 0 -4.6M EXIT
TROW T. Rowe Price 0 -4.24M EXIT
Arp Americas 0 -4.15M EXIT

Financial report summary

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Risks
  • We are subject to extensive regulatory oversight.
  • Changes in laws, government rules and regulations and monetary policy may have a material effect on our results of operations.
  • Basel III capital rules generally require insured depository institutions and their holding companies to hold more capital, which could limit our ability to pay dividends, engage in share repurchases and pay discretionary bonuses.
  • Our ability to pay dividends is subject to regulatory and other limitations, which may affect our ability to pay dividends to our stockholders or to repurchase our common stock.
  • Changes in accounting standards and management's application of those standards could materially impact the Company’s financial statements.
  • Changes in the value of goodwill and intangible assets could reduce our earnings.
  • The need to account for assets at market prices may adversely affect our results of operations.
  • An inadequate ACL - loans would negatively impact our results of operations.
  • Commercial real estate, commercial & industrial and ADC loans expose us to increased risk and earnings volatility.
  • Continued concentration of loans in our primary market area may increase our risk.
  • Loans in our residential mortgage loan portfolio include interest only loans and loans that were originated as interest only loans that have converted to principal amortization status.
  • Changes in market interest rates could adversely affect our financial condition and results of operations.
  • Uncertainty relating to LIBOR calculation process and phasing out of LIBOR could adversely affect our results of operations.
  • Our outstanding debt obligations and preferred stock, and our level of indebtedness could adversely affect our ability to raise additional capital and to meet our obligations under our existing indebtedness.
  • Our results of operations, financial condition or liquidity may be adversely impacted by issues arising from certain foreclosure practices.
  • We are subject to competition from both banks and non-bank companies.
  • Our ability to make acquisitions is subject to significant risks, including the risk that regulators will not provide the requisite approvals.
  • We are subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or incident involving the mishandling of personal, confidential or proprietary information of individuals could damage our reputation and otherwise adversely affect our operations and financial condition.
  • We depend on our executive officers and key personnel to continue the implementation of our long-term business strategy and could be harmed by the loss of their services.
  • Our investments in certain tax-advantaged projects may not generate returns as anticipated or at all and may have an adverse impact on our results of operations.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We make statements in this report, and we may from time to time make other statements, regarding our outlook or expectations for earnings, revenues, expenses and/or other financial, business or strategic matters regarding or affecting us that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “target,” “estimate,” “forecast,” “project,” by future conditional verbs such as “will,” “should,” “would,” “could” or “may,” or by variations of such words or by similar expressions. These statements are not historical facts, but instead represent our current expectations, plans or forecasts and are based on the beliefs and assumptions of management and the information available to management at the time that these disclosures were prepared.
  • Forward-looking statements are subject to numerous assumptions, risks (both known and unknown) and uncertainties, and other factors which change over time. Forward-looking statements speak only as of the date they are made. We do not assume any duty and do not undertake to update our forward-looking statements. Because forward-looking statements are subject to assumptions, risks, uncertainties, and other factors, actual results or future events could differ, possibly materially, from those that we anticipated in our forward-looking statements, and future results could differ materially from our historical performance.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accommodative, await, awaiting, chain, content, ligation, unchanged
Removed: Administration, capitalization, captioned, conclude, coupled, guarantee, guaranteed, identifiable, impaired, maintaining, NaN, Paycheck, Protection, qualify, roll, SBA, temporarily, terminal, test