Last $11.81 USD
Change Today -0.08 / -0.67%
Volume 172.1K
STL On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

sterling bancorp/de (STL) Snapshot

Open
$11.77
Previous Close
$11.89
Day High
$11.86
Day Low
$11.74
52 Week High
12/26/13 - $13.52
52 Week Low
09/6/13 - $10.00
Market Cap
987.3M
Average Volume 10 Days
210.3K
EPS TTM
$0.51
Shares Outstanding
83.6M
EX-Date
07/31/14
P/E TM
22.9x
Dividend
$0.28
Dividend Yield
2.20%
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 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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Reports Impairment Charges for the Second Quarter Ended March 31, 2014

Sterling Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, net interest income was $54,028,000 against $27,819,000 a year ago. Income before income tax expense was $14,920,000 against $8,732,000 a year ago. Net income was $10,332,000 against $6,529,000 a year ago. Diluted earnings per share were $0.12 against $0.15 a year ago. Book value per share was $11.21 against $11.15 a year ago. Tangible book value per share was $5.97 against $7.33 a year ago. Return on average assets was 0.62% against 0.70% a year ago. Return on average equity was 4.48% against 5.37% a year ago. Core net income was $13,203,000 against $6,934,000 a year ago. Core total revenues were $67,823,000 against $33,251,000 a year ago. Core return on average tangible equity was 10.82% against 8.71% a year ago. Core return on average tangible assets was 0.85% against 0.77% a year ago. For the six months, net interest income was $99,903,000 against $55,742,000 a year ago. Loss before income tax expense was $6,032,000 against income before income tax expense of $18,818,000 a year ago. Net loss was $3,671,000 against net income of $13,549,000 a year ago. Diluted loss per share was $0.05 against diluted earnings per share of $0.31 a year ago. Results for the quarter and six months ended March 31, 2014 were impacted by pre-tax merger-related expenses associated with the legacy Sterling Bancorp merger transaction and pre-tax charges for asset write-downs and the settlement of benefit plan obligations. In total, merger-related expenses and other charges were $4.0 million in the second fiscal quarter of 2014 and $39.0 million in the six months ended March 31, 2014. Excluding the impact of these items, net income for the second fiscal quarter of 2014 was $13.2 million, or $0.16 per diluted share and net income for the six months ended March 31, 2014 was $22.7 million, or $0.29 per diluted share. For the quarter, net charge-offs were $3,397,000 against $3,170,000 a year ago.

Sterling Bancorp. Declares Dividend, Payable on May 22, 2014

Sterling Bancorp. announced that its Board of Directors has declared a dividend on common stock of $0.07 per share payable on May 22, 2014 to holders on the record date of May 12, 2014.

 

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Industry Analysis

STL

Industry Average

Valuation STL Industry Range
Price/Earnings 88.7x
Price/Sales 5.6x
Price/Book 1.0x
Price/Cash Flow 122.9x
TEV/Sales 1.1x
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