Sterling Bancorp (STL) financial statements (2021 and earlier)

Company profile

Business Address 400 RELLA BLVD
MONTEBELLO, NY 10901
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments329546343314438534445
Cash and cash equivalents329546343314438534445
Total current assets:329546343314438534445
Noncurrent Assets
Operating lease, right-of-use asset112114118 
Property, plant and equipment227239250263264290291
Intangible assets, net (including goodwill)1,7941,7731,7781,7831,7431,7451,754
Goodwill1,6831,6581,6581,6581,6131,6101,613
Intangible assets, net (excluding goodwill)110115120125130135141
Amortization method qualified affordable housing project investments387   181  
Total noncurrent assets:2,5202,1262,1462,0452,1882,0352,045
Other undisclosed assets27,73727,40627,74827,59728,75728,69228,973
TOTAL ASSETS:30,58630,07830,23829,95731,38331,26131,463
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt23272127212319
Total current liabilities:23272127212319
Noncurrent Liabilities
Liabilities, other than long-term debt265   139  
Qualified affordable housing project investments, commitment265   139  
Total noncurrent liabilities:265   139  
Other undisclosed liabilities25,76925,53025,75725,51026,79526,80027,091
Total liabilities:26,05625,55725,77825,53726,95426,82327,110
Stockholders' equity
Stockholders' equity attributable to parent4,5304,5214,4594,4194,4294,4384,353
Preferred stock138138138138138139139
Common stock2222222
Treasury stock, value(583)(502)(448)(355)(214)(52)(51)
Additional paid in capital3,7673,7623,7573,7523,7763,7733,770
Accumulated other comprehensive income (loss)404540(7)(66)(119)(100)
Retained earnings1,1671,076969889792695593
Total stockholders' equity:4,5304,5214,4594,4194,4294,4384,353
TOTAL LIABILITIES AND EQUITY:30,58630,07830,23829,95731,38331,26131,463

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues
(Net Investment Income)
295295302309313309305
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(11)(14)(12)(10)(11)(10)(13)
Gross profit:285282291299303300292
Operating expenses(40)(26)(54)(37)(37)(39)(29)
Operating income:245256237262265261263
Nonoperating income5844444
Bank owned life insurance income5844444
Interest and debt expense(67)(72)(71)(74)(70)(65)(59)
Other undisclosed loss from continuing operations before equity method investments, income taxes(48)(37)(50)(62)(54)(52)(63)
Income from continuing operations before income taxes:135155120130145147146
Income tax expense(28)(33)(24)(28)(30)(27)(32)
Net income attributable to parent:10712296101114120114
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:1051209499113118112

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:10712296101114120114
Other comprehensive income (loss)(5)5475953(19)(21)
Comprehensive income, net of tax, attributable to parent:10212714316116710194

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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