Last $33.46 USD
Change Today +0.98 / 3.02%
Volume 258.2K
As of 8:10 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

sterling finl corp/spokane (STSA) Snapshot

Open
$32.60
Previous Close
$32.48
Day High
$33.62
Day Low
$32.60
52 Week High
12/26/13 - $35.20
52 Week Low
04/22/13 - $19.89
Market Cap
2.1B
Average Volume 10 Days
163.2K
EPS TTM
$1.58
Shares Outstanding
62.4M
EX-Date
03/28/14
P/E TM
21.2x
Dividend
$0.80
Dividend Yield
3.44%
Current Stock Chart for STERLING FINL CORP/SPOKANE (STSA)

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sterling finl corp/spokane (STSA) Details

Sterling Financial Corporation operates as the bank holding company for Sterling Savings Bank that provides retail and commercial banking products and services, mortgage lending, and trust and investment products to individuals, small businesses, commercial organizations, and corporations in the United States. It operates in two business segments, Community Banking and Home Loan Division. The company accepts various deposit products, including noninterest bearing and interest bearing transaction accounts, savings accounts, money market deposit accounts, and certificates of deposit. It also offers loan products comprising commercial real estate loans for investor non-owner occupied, multifamily, and construction projects; commercial and industrial lending products, such as lines of credit, receivable and inventory financing, and equipment loans; term financing for owner occupied commercial real estate properties; consumer loans for automobiles, boats, and recreational vehicles; lines of credit for personal use; and one- to four-family residential loans, as well as sells mortgage loans on a servicing-retained and servicing-released basis. In addition, the company is involved in the loan servicing activities, which comprise collecting and remitting loan payments; accounting for principal and interest; holding and disbursing escrow funds for the payment of real estate taxes and insurance premiums; contacting delinquent borrowers; and supervising foreclosures in the event of unremedied defaults. As of December 31, 2013, it operated 173 depository branches in Washington, Oregon, Idaho, and California. The company was founded in 1983 and is headquartered in Spokane, Washington.

2,547 Employees
Last Reported Date: 02/26/14
Founded in 1983

sterling finl corp/spokane (STSA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $562.5K
Chief Operating Officer, President of Sterlin...
Total Annual Compensation: $840.3K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $435.0K
Vice Chairman of Sterling Bank and Chief Lend...
Total Annual Compensation: $494.2K
Compensation as of Fiscal Year 2012.

sterling finl corp/spokane (STSA) Key Developments

Sterling Financial Corporation Approves Quarterly Cash Dividend, Payable on April 15, 2014

Sterling Financial Corporation announced that its Board of Directors approved a quarterly cash dividend of $0.20 per common share. The dividend is payable on April 15, 2014, to shareholders of record as of April 1, 2014.

Sterling Financial Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge-Offs for the Fourth Quarter of 2013

Sterling Financial Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, total interest income was $97,803,000 against $94,254,000 for the same period a year ago. Net interest income after provision was $84,378,000 against $76,107,000 for the same period a year ago. Income before income taxes $29,134,000 against $17,745,000 for the same period a year ago. Net income was $22,154,000 or $0.35 diluted earnings per share against $21,048,000 or $0.33 diluted earnings per share for the same period a year ago. Return on assets was 0.87% against 0.88% for the same period a year ago. Return on common equity was 7.2% against 6.7% for the same period a year ago. The $1.4 million increase in interest income over the prior quarter was primarily due to higher average loan balances resulting from the acquisition of Commerce National Bank and organic loan growth. For the year, total interest income was $379,021,000 against $389,200,000 for the same period a year ago. Net interest income after provision was $324,234,000 against $294,678,000 for the same period a year ago. Income before income taxes $131,508,000 against $93,678,000 for the same period a year ago. Net income was $93,641,000 or $1.48 diluted earnings per share against $385,721,000 or $6.14 diluted earnings per share for the same period a year ago. Return on assets was 0.97% against 4.10% for the same period a year ago. Return on common equity was 7.7% against 35.8% for the same period a year ago. Book value per common share at December 31, 2013, was $19.50 against $19.58 at December 31, 2012. Tangible book value per share at December 31, 2013, was $18.41 against $18.91 at December 31, 2012. For the fourth quarter of 2013, the company reported net charge-offs of $904,000, compared to net charge-offs of $1.2 million for the prior quarter and net recoveries of $566,000 for the fourth quarter of 2012.

Sterling Financial Corporation Approves a Quarterly Cash Dividend, Payable on February 27, 2014

The board of directors of Sterling Financial Corporation has approved a quarterly cash dividend of $0.20 per common share, payable on February 27, 2014 to shareholders of record as of February 13, 2014.

 

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STSA Competitors

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Industry Analysis

STSA

Industry Average

Valuation STSA Industry Range
Price/Earnings 22.0x
Price/Sales 4.5x
Price/Book 1.7x
Price/Cash Flow 21.6x
TEV/Sales NM Not Meaningful
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