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
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0118458
Cash and cash equivalents1,0067954
Short-term investments554
Total current assets:1,0118458
Noncurrent Assets
Operating lease, right-of-use asset1919
Property, plant and equipment999
Deferred income tax assets2412
Total noncurrent assets:52409
Other undisclosed assets2,8513,1213,130
TOTAL ASSETS:3,9143,2453,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1111114
Total current liabilities:1111114
Noncurrent Liabilities
Other undisclosed liabilities3,5832,9012,748
Total liabilities:3,5942,9122,862
Stockholders' equity
Stockholders' equity attributable to parent, including:320333335
Common stock81  
Additional paid in capital141313
Accumulated other comprehensive income (loss)00(0)
Retained earnings225238211
Other undisclosed stockholders' equity attributable to parent 81111
Total stockholders' equity:320333335
TOTAL LIABILITIES AND EQUITY:3,9143,2453,197

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

12/31/2020
12/31/2019
12/31/2018
Revenues149169158
Net investment income147169157
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(55) (3)
Gross profit:94169155
Operating expenses(43)(18)(13)
Operating income:50152141
Nonoperating income
(Bank Owned Life Insurance Income)
111
Interest and debt expense(46)(54)(42)
Income from continuing operations before equity method investments, income taxes:699101
Other undisclosed loss from continuing operations before income taxes(25)(54)(12)
Income (loss) from continuing operations before income taxes:(19)4589
Income tax expense (benefit)6(16)(25)
Net income (loss) available to common stockholders, diluted:(13)2963

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(13)2963
Comprehensive income (loss):(13)2963
Other undisclosed comprehensive income, net of tax, attributable to parent000
Comprehensive income (loss), net of tax, attributable to parent:(13)2964

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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