Sterling Bancorp, Inc. (SBT) financial statements (2021 and earlier)

Company profile

Business Address ONE TOWNE SQUARE
SOUTHFIELD, MI 48076
State of Incorp. MI
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0119316383968415186
Cash and cash equivalents1,0069266333917914782
Short-term investments5555544
Total current assets:1,0119316383968415186
Noncurrent Assets
Operating lease, right-of-use asset1919201819  
Property, plant and equipment98999910
Deferred income tax assets2421201812  
Total noncurrent assets:5248494540910
Other undisclosed assets2,8512,9573,0523,0363,1213,1613,184
TOTAL ASSETS:3,9143,9373,7393,4773,2453,3223,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11   11  
Total current liabilities:11   11  
Noncurrent Liabilities
Other undisclosed liabilities3,5833,6053,4073,1492,9012,9712,937
Total liabilities:3,5943,6053,4073,1492,9122,9712,937
Stockholders' equity
Stockholders' equity attributable to parent, including:320331331329333351342
Common stock81      
Additional paid in capital14131313131313
Accumulated other comprehensive income0011000
Retained earnings225237237234238253239
Other undisclosed stockholders' equity attributable to parent 818181818690
Total stockholders' equity:320331331329333351342
TOTAL LIABILITIES AND EQUITY:3,9143,9373,7393,4773,2453,3223,279

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues34363840424343
Net investment income34363840424243
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(28)(2)(4)(21) (0)(0)
Gross profit:7343419424243
Operating expenses(12)(15)(11)(6)(6)(4)(4)
Operating income (loss):(5)192313363839
Nonoperating income
(Bank Owned Life Insurance Income)
0000000
Interest and debt expense(10)(11)(12)(12)(13)(14)(14)
Income (loss) from continuing operations before equity method investments, income taxes:(15)8121232426
Other undisclosed loss from continuing operations before income taxes(2)(9)(8)(7)(39)(5)(7)
Income (loss) from continuing operations before income taxes:(17)(0)4(6)(16)1919
Income tax expense (benefit)50(1)22(6)(5)
Net income (loss) available to common stockholders, diluted:(12)(0)3(4)(14)1413

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(12)(0)3(4)(14)1413
Comprehensive income (loss):(12)(0)3(4)(14)1413
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)10(0)0
Comprehensive income (loss), net of tax, attributable to parent:(12)(0)3(3)(14)1414

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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