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)

9/30/2019
TTM
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 58
Cash and cash equivalents 54
Short-term investments 4
Total current assets: 58
Noncurrent Assets
Property, plant and equipment 9
Total noncurrent assets: 9
Other undisclosed assets 3,130
TOTAL ASSETS: 3,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 114
Total current liabilities: 114
Noncurrent Liabilities
Other undisclosed liabilities 2,748
Total liabilities: 2,862
Stockholders' equity
Stockholders' equity attributable to parent, including: 335
Additional paid in capital 13
Accumulated other comprehensive loss (0)
Retained earnings 211
Other undisclosed stockholders' equity attributable to parent 111
Total stockholders' equity: 335
TOTAL LIABILITIES AND EQUITY: 3,197

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

9/30/2019
TTM
12/31/2018
Revenues 158
Net investment income 157
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (3)
Gross profit: 155
Operating expenses (13)
Operating income: 141
Nonoperating income
(Bank Owned Life Insurance Income)
 1
Interest and debt expense (42)
Income from continuing operations before equity method investments, income taxes: 101
Other undisclosed loss from continuing operations before income taxes (12)
Income from continuing operations before income taxes: 89
Income tax expense (25)
Net income available to common stockholders, diluted: 63

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
Net income: 63
Comprehensive income: 63
Other undisclosed comprehensive income, net of tax, attributable to parent 0
Comprehensive income, net of tax, attributable to parent: 64

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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