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

Company profile

Business Address TWO BLUE HILL PLAZA
PEARL RIVER, NY 10965
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments305329438480294230178
Cash and cash equivalents305329438480294230178
Total current assets:305329438480294230178
Noncurrent Assets
Operating lease, right-of-use asset106112
Property, plant and equipment203227264322576343
Intangible assets, net (including goodwill)1,7771,7941,7431,733763748434
Goodwill1,6831,6831,6131,580697671389
Intangible assets, net (excluding goodwill)94110130153667745
Amortization method qualified affordable housing project investments488387181   
Total noncurrent assets:2,5742,5202,1882,055820811477
Other undisclosed assets26,94227,73728,75727,82513,06510,9156,682
TOTAL ASSETS:29,82030,58631,38330,36014,17811,9567,337
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2723213017  
Total current liabilities:2723213017  
Noncurrent Liabilities
Liabilities, other than long-term debt284265139    
Qualified affordable housing project investments, commitment284265139   
Total noncurrent liabilities:284265139    
Other undisclosed liabilities24,91925,76926,79526,08912,30710,2916,376
Total liabilities:25,23026,05626,95426,11912,32310,2916,376
Stockholders' equity
Stockholders' equity attributable to parent4,5914,5304,4294,2401,8551,665961
Preferred stock137138138139   
Common stock2222111
Treasury stock, value(687)(583)(214)(58)(66)(76)(86)
Additional paid in capital3,7623,7673,7763,7811,5971,507861
Accumulated other comprehensive income (loss)8540(66)(26)(27)(12)(11)
Retained earnings1,2921,167792402349245197
Total stockholders' equity:4,5914,5304,4294,2401,8551,665961
TOTAL LIABILITIES AND EQUITY:29,82030,58631,38330,36014,17811,9567,337

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
Revenues1311,2031,20870348436916
Net investment income1311,2031,208682462348 
Financial services revenue20232116
Cost of revenue(252)(46)(46)(26)(20)(16)(19)
Provision for loan, lease, and other losses(252)(46)(46)
Financial services costs(26)(20)(16)(19)
Gross profit:(121)1,1571,162677464353(4)
Operating expenses(160)(156)(147)(279)(195)(198)(136)
Operating income (loss):(281)1,0001,015398269155(139)
Nonoperating income2021168654
Gains on sales of other real estate      1
Bank owned life insurance income2021168653
Interest and debt expense(169)(284)(241)(106)(67)(37)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes685(197)(224)(118)(1)(25)201
Income from continuing operations before income taxes:2565405661812079838
Income tax expense(30)(113)(119)(88)(67)(32)(10)
Net income attributable to parent:226427447931406628
Preferred stock dividends and other adjustments(8)(8)(8)    
Other undisclosed net loss available to common stockholders, basic   (2)   
Net income available to common stockholders, diluted:218419439911406628

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
9/30/2014
Net income:226427447931406628
Other comprehensive income (loss)45106(35)0(15)(2)4
Comprehensive income, net of tax, attributable to parent:270533413941256432

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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