Last $12.74 USD
Change Today +0.05 / 0.39%
Volume 199.1K
STL On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

sterling bancorp/de (STL) Snapshot

Open
$12.70
Previous Close
$12.69
Day High
$12.75
Day Low
$12.67
52 Week High
12/26/13 - $13.52
52 Week Low
09/6/13 - $10.00
Market Cap
1.1B
Average Volume 10 Days
251.3K
EPS TTM
$0.54
Shares Outstanding
83.6M
EX-Date
07/31/14
P/E TM
23.7x
Dividend
$0.28
Dividend Yield
2.12%
Current Stock Chart for STERLING BANCORP/DE (STL)

sterling bancorp/de (STL) Related Businessweek News

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sterling bancorp/de (STL) Details

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides a range of banking services to commercial, consumer, and municipal clients in the United States. The company accepts various deposits products, including savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts and other products for businesses. Its loan portfolio comprises commercial real estate loans, commercial and industrial loans, residential mortgage loans, and consumer loans, as well as acquisition, development, and construction loans to builders. In addition, the company offers wealth management services. As of September 30, 2013, it operated 34 full-service financial centers, which included 11 in Orange County and 11 in Rockland County, as well as 9 offices in Ulster, Sullivan, Westchester, and Putnam counties in New York; 2 offices in New York City; and 1 office in Bergen County, New Jersey. Sterling Bancorp was founded in 1888 and is headquartered in Montebello, New York.

477 Employees
Last Reported Date: 12/9/13
Founded in 1888

sterling bancorp/de (STL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $596.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $282.7K
Executive Vice President, Regional Market Pre...
Total Annual Compensation: $400.0K
Executive Vice President, Regional Market Pre...
Total Annual Compensation: $348.1K
Compensation as of Fiscal Year 2013.

sterling bancorp/de (STL) Key Developments

Sterling Bancorp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended June 30, 2014

Sterling Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company’s net income was $15.0 million, or $0.18 per basic and diluted share, compared to net income of $6.4 million, or $0.15 per basic and diluted share for the same quarter a year ago. Total interest income was $65.8 million compared to $32.6 million a year ago. Net interest income was $58.5 million, up $30.1 million compared to $28.32 million for the third quarter of fiscal 2013. This was mainly the result of higher average loans and investment securities balances and an increase in net interest margin due to the merger transaction with legacy Sterling Bancorp. Net interest income increased $4.4 million compared to the linked quarter ended March 31, 2014. The increase in net interest income for the third quarter was due to higher average loans and investment securities balances and an increase in net interest margin. Income before income tax expense was $21.1 million compared to $9.21 million a year ago. Return on average assets was 0.85% compared to 0.68% a year ago. Return on average equity was 6.37% compared to 5.18% a year ago. Book value per share was $11.40. For the nine months, the company’s net income was $11.3 million, or $0.14 per basic and diluted share, compared to $19.9 million, or $0.45 per diluted share for the nine months ended June 30, 2013. Total interest income was $179.8 million compared to $98.2 million a year ago. Net interest income was $158.4 million compared to $84.1 million a year ago. Income before income tax expense was $15.04 million compared to $28.03 million a year ago. The company reported net charge-offs for the third quarter ended June 30, 2014. Net charge-offs against the allowance for loan losses for the quarter ended June 30, 2014 were $1.6 million.

Sterling Bancorp Declares Quarterly Dividend Payable August 14, 2014

Sterling Bancorp. announced that the board of directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable August 14, 2014 to holders of record as of August 4, 2014.

Sterling Bancorp. to Report Q3, 2014 Results on Jul 28, 2014

Sterling Bancorp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Jul 28, 2014

 

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Valuation STL Industry Range
Price/Earnings 53.6x
Price/Sales 5.0x
Price/Book 1.1x
Price/Cash Flow 63.6x
TEV/Sales NM Not Meaningful
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