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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments329438480294230178113
Cash and cash equivalents329438480294230178113
Total current assets:329438480294230178113
Noncurrent Assets
Operating lease, right-of-use asset112
Property, plant and equipment22726432257634337
Intangible assets, net (including goodwill)1,7941,7431,733763748434169
Goodwill1,6831,6131,580697671389163
Intangible assets, net (excluding goodwill)1101301536677456
Amortization method qualified affordable housing project investments387181   
Total noncurrent assets:2,5202,1882,055820811477206
Other undisclosed assets27,73728,75727,82513,06510,9156,6823,731
TOTAL ASSETS:30,58631,38330,36014,17811,9567,3374,049
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt23213017   
Total current liabilities:23213017   
Noncurrent Liabilities
Liabilities, other than long-term debt265139     
Qualified affordable housing project investments, commitment265139   
Total noncurrent liabilities:265139     
Other undisclosed liabilities25,76926,79526,08912,30710,2916,3763,566
Total liabilities:26,05626,95426,11912,32310,2916,3763,566
Stockholders' equity
Stockholders' equity attributable to parent, including:4,5304,4294,2401,8551,665961483
Preferred stock138138139    
Common stock2221111
Treasury stock, value(583)(214)(58)(66)(76)(86)(89)
Additional paid in capital3,7673,7763,7811,5971,507861404
Deferred compensation equity      (0)
Accumulated other comprehensive income (loss)40(66)(26)(27)(12)(11)(15)
Retained earnings1,167792402349245197188
Other undisclosed stockholders' equity attributable to parent      (5)
Total stockholders' equity:4,5304,4294,2401,8551,665961483
TOTAL LIABILITIES AND EQUITY:30,58631,38330,36014,17811,9567,3374,049

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
9/30/2013
Revenues1,2031,2087034843691611
Net investment income1,2031,208682462348  
Financial services revenue2023211611
Cost of revenue(46)(46)(26)(20)(16)(19)(12)
Provision for loan, lease, and other losses(46)(46)
Financial services costs(26)(20)(16)(19)(12)
Gross profit:1,1571,162677464353(4)(1)
Operating expenses(156)(147)(279)(195)(198)(136)(58)
Operating income (loss):1,0001,015398269155(139)(59)
Nonoperating income211686541
Gains (losses) on sales of other real estate     1(1)
Bank owned life insurance income211686532
Interest and debt expense(284)(241)(106)(67)(37)(28)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(197)(224)(118)(1)(25)201115
Income from continuing operations before income taxes:540566181207983837
Income tax expense(113)(119)(88)(67)(32)(10)(11)
Net income attributable to parent:42744793140662825
Preferred stock dividends and other adjustments(8)(8)     
Other undisclosed net loss available to common stockholders, basic  (2)    
Net income available to common stockholders, diluted:41943991140662825

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
9/30/2013
Net income:42744793140662825
Other comprehensive income (loss)106(35)0(15)(2)4(22)
Comprehensive income, net of tax, attributable to parent:5334139412564323

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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