Annual Income Statements for Sterling Bancorp
This table shows Sterling Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Sterling Bancorp
This table shows Sterling Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
1.18 |
-18 |
-0.50 |
2.54 |
0.31 |
5.06 |
-0.20 |
1.32 |
-0.14 |
1.16 |
Consolidated Net Income / (Loss) |
|
1.18 |
-18 |
-0.50 |
2.54 |
0.31 |
5.06 |
-0.20 |
1.32 |
-0.14 |
1.16 |
Net Income / (Loss) Continuing Operations |
|
1.18 |
-18 |
-0.50 |
2.54 |
0.31 |
5.06 |
-0.20 |
1.32 |
-0.14 |
1.16 |
Total Pre-Tax Income |
|
1.92 |
-18 |
-0.56 |
3.66 |
0.62 |
6.85 |
-0.30 |
1.96 |
0.73 |
1.86 |
Total Revenue |
|
19 |
19 |
18 |
18 |
16 |
15 |
15 |
15 |
14 |
14 |
Net Interest Income / (Expense) |
|
20 |
19 |
18 |
16 |
16 |
15 |
15 |
14 |
14 |
14 |
Total Interest Income |
|
25 |
27 |
29 |
32 |
33 |
33 |
33 |
34 |
34 |
34 |
Loans and Leases Interest Income |
|
21 |
22 |
22 |
22 |
22 |
21 |
21 |
21 |
21 |
20 |
Investment Securities Interest Income |
|
1.95 |
2.29 |
2.46 |
2.67 |
3.13 |
3.80 |
4.02 |
4.76 |
4.99 |
3.97 |
Total Interest Expense |
|
5.31 |
8.76 |
12 |
15 |
17 |
18 |
18 |
19 |
21 |
20 |
Deposits Interest Expense |
|
3.72 |
6.92 |
9.81 |
13 |
16 |
18 |
18 |
19 |
21 |
20 |
Total Non-Interest Income |
|
-0.36 |
0.25 |
0.28 |
1.91 |
0.38 |
0.21 |
0.20 |
0.41 |
0.38 |
0.07 |
Other Service Charges |
|
0.12 |
0.08 |
0.10 |
0.08 |
0.33 |
0.08 |
0.09 |
0.30 |
0.07 |
0.07 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.57 |
0.08 |
0.10 |
1.75 |
-0.03 |
0.06 |
0.03 |
0.03 |
0.22 |
-0.08 |
Other Non-Interest Income |
|
0.09 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
Provision for Credit Losses |
|
-4.36 |
-0.18 |
0.67 |
-2.90 |
-1.94 |
-4.36 |
0.04 |
-2.08 |
-2.34 |
-4.16 |
Total Non-Interest Expense |
|
22 |
37 |
18 |
17 |
18 |
13 |
15 |
15 |
16 |
16 |
Salaries and Employee Benefits |
|
9.34 |
8.99 |
9.41 |
9.27 |
8.75 |
8.50 |
8.46 |
8.20 |
8.54 |
8.39 |
Net Occupancy & Equipment Expense |
|
2.84 |
2.98 |
2.85 |
2.81 |
2.86 |
2.80 |
2.82 |
2.75 |
2.73 |
2.78 |
Other Operating Expenses |
|
9.45 |
25 |
5.58 |
5.26 |
6.09 |
1.53 |
4.12 |
3.98 |
4.34 |
4.73 |
Income Tax Expense |
|
0.74 |
0.27 |
-0.05 |
1.12 |
0.30 |
1.78 |
-0.10 |
0.65 |
0.87 |
0.70 |
Basic Earnings per Share |
|
$0.02 |
($0.36) |
($0.01) |
$0.05 |
$0.01 |
$0.10 |
$0.00 |
$0.03 |
$0.00 |
$0.01 |
Weighted Average Basic Shares Outstanding |
|
50.40M |
50.35M |
50.44M |
50.67M |
50.70M |
50.63M |
50.84M |
50.92M |
51.06M |
50.97M |
Diluted Earnings per Share |
|
$0.02 |
($0.36) |
($0.01) |
$0.05 |
$0.01 |
$0.10 |
$0.00 |
$0.03 |
$0.00 |
$0.01 |
Weighted Average Diluted Shares Outstanding |
|
50.57M |
50.35M |
50.44M |
50.78M |
51.07M |
50.78M |
50.84M |
51.35M |
51.06M |
51.34M |
Weighted Average Basic & Diluted Shares Outstanding |
|
50.80M |
50.83M |
50.79M |
52.08M |
52.07M |
52.07M |
52.03M |
52.33M |
52.31M |
52.30M |
Annual Cash Flow Statements for Sterling Bancorp
This table details how cash moves in and out of Sterling Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-32 |
198 |
300 |
Net Cash From Operating Activities |
2.34 |
-25 |
-2.12 |
Net Cash From Continuing Operating Activities |
2.34 |
-25 |
-2.12 |
Net Income / (Loss) Continuing Operations |
-14 |
7.41 |
2.14 |
Consolidated Net Income / (Loss) |
-14 |
7.41 |
2.14 |
Provision For Loan Losses |
7.67 |
-8.59 |
-8.79 |
Depreciation Expense |
1.54 |
1.33 |
1.03 |
Amortization Expense |
0.94 |
0.25 |
0.26 |
Non-Cash Adjustments to Reconcile Net Income |
5.69 |
-2.40 |
-0.31 |
Changes in Operating Assets and Liabilities, net |
0.70 |
-23 |
3.55 |
Net Cash From Investing Activities |
374 |
238 |
286 |
Net Cash From Continuing Investing Activities |
374 |
238 |
286 |
Purchase of Property, Leasehold Improvements and Equipment |
-0.42 |
-0.47 |
-0.09 |
Purchase of Investment Securities |
-155 |
-158 |
-220 |
Sale of Property, Leasehold Improvements and Equipment |
0.00 |
0.05 |
0.00 |
Sale and/or Maturity of Investments |
193 |
124 |
312 |
Other Investing Activities, net |
336 |
273 |
194 |
Net Cash From Financing Activities |
-408 |
-15 |
16 |
Net Cash From Continuing Financing Activities |
-408 |
-15 |
16 |
Net Change in Deposits |
-308 |
50 |
67 |
Issuance of Debt |
35 |
0.00 |
0.00 |
Repayment of Debt |
-135 |
-65 |
-50 |
Other Financing Activities, Net |
-0.22 |
-0.25 |
-0.84 |
Cash Interest Paid |
20 |
62 |
79 |
Cash Income Taxes Paid |
2.28 |
0.30 |
0.41 |
Quarterly Cash Flow Statements for Sterling Bancorp
This table details how cash moves in and out of Sterling Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
67 |
27 |
39 |
236 |
-92 |
14 |
68 |
-46 |
111 |
168 |
Net Cash From Operating Activities |
|
1.88 |
-5.19 |
-3.47 |
3.99 |
-25 |
-0.55 |
-3.88 |
3.20 |
2.70 |
-4.15 |
Net Cash From Continuing Operating Activities |
|
1.88 |
-5.19 |
-3.47 |
3.99 |
-25 |
-0.55 |
-3.88 |
3.20 |
2.70 |
-4.15 |
Net Income / (Loss) Continuing Operations |
|
1.18 |
-18 |
-0.50 |
2.54 |
0.31 |
5.06 |
-0.20 |
1.32 |
-0.14 |
1.16 |
Consolidated Net Income / (Loss) |
|
1.18 |
-18 |
-0.50 |
2.54 |
0.31 |
5.06 |
-0.20 |
1.32 |
-0.14 |
1.16 |
Provision For Loan Losses |
|
-4.50 |
18 |
0.67 |
-2.90 |
-1.94 |
-4.42 |
0.04 |
-2.08 |
-2.34 |
-4.42 |
Depreciation Expense |
|
0.38 |
0.38 |
0.35 |
0.34 |
0.34 |
0.30 |
0.28 |
0.26 |
0.25 |
0.24 |
Amortization Expense |
|
0.31 |
0.39 |
-0.40 |
0.54 |
0.03 |
0.09 |
-1.07 |
1.22 |
0.05 |
0.06 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.59 |
0.46 |
0.62 |
-2.54 |
-0.11 |
-0.36 |
0.79 |
-1.28 |
-0.33 |
0.51 |
Changes in Operating Assets and Liabilities, net |
|
3.94 |
-6.08 |
-4.21 |
6.02 |
-24 |
-1.22 |
-3.71 |
3.76 |
5.20 |
-1.70 |
Net Cash From Investing Activities |
|
119 |
30 |
75 |
113 |
-1.05 |
52 |
70 |
-6.82 |
54 |
168 |
Net Cash From Continuing Investing Activities |
|
119 |
30 |
75 |
113 |
-1.05 |
52 |
70 |
-6.82 |
54 |
168 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.11 |
-0.10 |
-0.19 |
-0.06 |
-0.07 |
-0.15 |
-0.06 |
-0.01 |
- |
-0.01 |
Purchase of Investment Securities |
|
-39 |
-7.65 |
-2.98 |
0.15 |
-103 |
-52 |
-82 |
-108 |
-30 |
-0.05 |
Sale and/or Maturity of Investments |
|
81 |
15 |
8.35 |
46 |
33 |
36 |
107 |
62 |
44 |
100 |
Other Investing Activities, net |
|
77 |
22 |
70 |
66 |
69 |
68 |
46 |
39 |
40 |
68 |
Net Cash From Financing Activities |
|
-53 |
3.01 |
-32 |
120 |
-66 |
-37 |
1.65 |
-43 |
53 |
3.69 |
Net Cash From Continuing Financing Activities |
|
-53 |
3.01 |
-32 |
120 |
-66 |
-37 |
1.65 |
-43 |
53 |
3.69 |
Net Change in Deposits |
|
-53 |
3.02 |
-32 |
120 |
-0.83 |
-37 |
1.87 |
7.61 |
54 |
3.70 |
Other Financing Activities, Net |
|
-0.01 |
-0.01 |
-0.08 |
-0.16 |
-0.00 |
-0.01 |
-0.22 |
-0.38 |
-0.23 |
-0.01 |
Cash Interest Paid |
|
4.75 |
7.96 |
11 |
15 |
18 |
17 |
18 |
20 |
21 |
20 |
Cash Income Taxes Paid |
|
1.32 |
0.50 |
0.03 |
0.28 |
- |
- |
0.00 |
- |
- |
0.41 |
Annual Balance Sheets for Sterling Bancorp
This table presents Sterling Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,445 |
2,416 |
2,437 |
Cash and Due from Banks |
380 |
578 |
878 |
Interest Bearing Deposits at Other Banks |
0.93 |
5.23 |
0.00 |
Trading Account Securities |
356 |
424 |
343 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
6.30 |
5.43 |
4.48 |
Other Assets |
1,702 |
1,403 |
1,211 |
Total Liabilities & Shareholders' Equity |
2,445 |
2,416 |
2,437 |
Total Liabilities |
2,132 |
2,088 |
2,103 |
Non-Interest Bearing Deposits |
53 |
35 |
38 |
Interest Bearing Deposits |
1,901 |
1,969 |
2,033 |
Long-Term Debt |
115 |
50 |
0.00 |
Other Long-Term Liabilities |
63 |
34 |
32 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
313 |
328 |
334 |
Total Preferred & Common Equity |
313 |
328 |
334 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
313 |
328 |
334 |
Common Stock |
98 |
101 |
103 |
Retained Earnings |
234 |
242 |
244 |
Accumulated Other Comprehensive Income / (Loss) |
-20 |
-15 |
-14 |
Quarterly Balance Sheets for Sterling Bancorp
This table presents Sterling Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,448 |
2,412 |
2,532 |
2,447 |
2,415 |
2,375 |
2,439 |
Cash and Due from Banks |
|
352 |
419 |
655 |
564 |
646 |
600 |
710 |
Interest Bearing Deposits at Other Banks |
|
1.18 |
0.93 |
0.93 |
1.17 |
5.23 |
5.23 |
4.98 |
Trading Account Securities |
|
362 |
385 |
339 |
403 |
400 |
447 |
441 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
6.59 |
6.14 |
5.85 |
5.58 |
5.21 |
4.96 |
4.71 |
Other Assets |
|
88 |
85 |
79 |
1,472 |
1,358 |
1,318 |
1,277 |
Total Liabilities & Shareholders' Equity |
|
2,448 |
2,412 |
2,532 |
2,447 |
2,415 |
2,375 |
2,439 |
Total Liabilities |
|
2,118 |
2,096 |
2,214 |
2,131 |
2,087 |
2,046 |
2,104 |
Non-Interest Bearing Deposits |
|
70 |
46 |
45 |
41 |
33 |
32 |
31 |
Interest Bearing Deposits |
|
1,881 |
1,875 |
1,997 |
2,000 |
1,973 |
1,981 |
2,036 |
Long-Term Debt |
|
115 |
115 |
115 |
50 |
50 |
0.00 |
0.00 |
Other Long-Term Liabilities |
|
52 |
59 |
58 |
40 |
31 |
32 |
37 |
Total Equity & Noncontrolling Interests |
|
330 |
316 |
318 |
316 |
327 |
329 |
335 |
Total Preferred & Common Equity |
|
330 |
316 |
318 |
316 |
327 |
329 |
335 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Common Equity |
|
330 |
316 |
318 |
316 |
327 |
329 |
335 |
Common Stock |
|
98 |
98 |
99 |
100 |
101 |
102 |
103 |
Retained Earnings |
|
252 |
234 |
237 |
237 |
242 |
243 |
243 |
Accumulated Other Comprehensive Income / (Loss) |
|
-21 |
-17 |
-18 |
-21 |
-16 |
-16 |
-11 |
Annual Metrics And Ratios for Sterling Bancorp
This table displays calculated financial ratios and metrics derived from Sterling Bancorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-17.36% |
-15.48% |
-15.08% |
EBITDA Growth |
-112.63% |
338.84% |
-54.36% |
EBIT Growth |
-122.90% |
239.62% |
-59.76% |
NOPAT Growth |
-122.64% |
239.99% |
-71.16% |
Net Income Growth |
-160.68% |
152.23% |
-71.16% |
EPS Growth |
-159.57% |
153.57% |
-73.33% |
Operating Cash Flow Growth |
-92.40% |
-1,165.44% |
91.48% |
Free Cash Flow Firm Growth |
-24.84% |
-54.21% |
-20.30% |
Invested Capital Growth |
-23.45% |
-11.73% |
-11.59% |
Revenue Q/Q Growth |
-7.52% |
-4.85% |
-2.92% |
EBITDA Q/Q Growth |
-119.93% |
191.16% |
-27.81% |
EBIT Q/Q Growth |
-134.18% |
173.12% |
-53.97% |
NOPAT Q/Q Growth |
-143.07% |
173.31% |
-64.60% |
Net Income Q/Q Growth |
-215.45% |
146.09% |
-64.60% |
EPS Q/Q Growth |
-216.67% |
148.39% |
-69.23% |
Operating Cash Flow Q/Q Growth |
2.27% |
15.72% |
-243.67% |
Free Cash Flow Firm Q/Q Growth |
-54.48% |
-16.15% |
22.29% |
Invested Capital Q/Q Growth |
-3.82% |
3.17% |
-0.19% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
-6.34% |
17.93% |
9.64% |
EBIT Margin |
-9.44% |
15.59% |
7.39% |
Profit (Net Income) Margin |
-17.71% |
10.94% |
3.72% |
Tax Burden Percent |
187.63% |
70.19% |
50.31% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
0.00% |
29.81% |
49.69% |
Return on Invested Capital (ROIC) |
-1.07% |
1.84% |
0.60% |
ROIC Less NNEP Spread (ROIC-NNEP) |
-6.46% |
1.84% |
0.60% |
Return on Net Nonoperating Assets (RNNOA) |
-3.25% |
0.48% |
0.05% |
Return on Equity (ROE) |
-4.33% |
2.32% |
0.65% |
Cash Return on Invested Capital (CROIC) |
25.49% |
14.30% |
12.90% |
Operating Return on Assets (OROA) |
-0.28% |
0.43% |
0.18% |
Return on Assets (ROA) |
-0.53% |
0.31% |
0.09% |
Return on Common Equity (ROCE) |
-4.33% |
2.32% |
0.65% |
Return on Equity Simple (ROE_SIMPLE) |
-4.54% |
2.26% |
0.64% |
Net Operating Profit after Tax (NOPAT) |
-5.30 |
7.41 |
2.14 |
NOPAT Margin |
-6.61% |
10.94% |
3.72% |
Net Nonoperating Expense Percent (NNEP) |
5.38% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
56.42% |
69.74% |
77.63% |
Operating Expenses to Revenue |
121.83% |
97.00% |
107.45% |
Earnings before Interest and Taxes (EBIT) |
-7.57 |
11 |
4.25 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
-5.09 |
12 |
5.54 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.99 |
0.92 |
0.75 |
Price to Tangible Book Value (P/TBV) |
0.99 |
0.92 |
0.75 |
Price to Revenue (P/Rev) |
3.86 |
4.44 |
4.33 |
Price to Earnings (P/E) |
0.00 |
40.53 |
116.47 |
Dividend Yield |
0.00% |
0.00% |
0.00% |
Earnings Yield |
0.00% |
2.47% |
0.86% |
Enterprise Value to Invested Capital (EV/IC) |
0.10 |
0.00 |
0.00 |
Enterprise Value to Revenue (EV/Rev) |
0.55 |
0.00 |
0.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
0.00 |
0.00 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
18.78 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.35 |
0.00 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.37 |
0.15 |
0.00 |
Long-Term Debt to Equity |
0.37 |
0.15 |
0.00 |
Financial Leverage |
0.50 |
0.26 |
0.08 |
Leverage Ratio |
8.11 |
7.59 |
7.33 |
Compound Leverage Factor |
8.11 |
7.59 |
7.33 |
Debt to Total Capital |
26.94% |
13.24% |
0.00% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
26.94% |
13.24% |
0.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
73.06% |
86.76% |
100.00% |
Debt to EBITDA |
-22.67 |
4.12 |
0.00 |
Net Debt to EBITDA |
52.20 |
-43.90 |
0.00 |
Long-Term Debt to EBITDA |
-22.67 |
4.12 |
0.00 |
Debt to NOPAT |
-21.77 |
6.74 |
0.00 |
Net Debt to NOPAT |
50.13 |
-71.93 |
0.00 |
Long-Term Debt to NOPAT |
-21.77 |
6.74 |
0.00 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
126 |
58 |
46 |
Operating Cash Flow to CapEx |
555.34% |
-5,847.42% |
-2,411.36% |
Free Cash Flow to Firm to Interest Expense |
5.95 |
0.93 |
0.58 |
Operating Cash Flow to Interest Expense |
0.11 |
-0.40 |
-0.03 |
Operating Cash Flow Less CapEx to Interest Expense |
0.09 |
-0.41 |
-0.03 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.03 |
0.03 |
0.02 |
Fixed Asset Turnover |
11.68 |
11.55 |
11.61 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
428 |
378 |
334 |
Invested Capital Turnover |
0.16 |
0.17 |
0.16 |
Increase / (Decrease) in Invested Capital |
-131 |
-50 |
-44 |
Enterprise Value (EV) |
44 |
-233 |
-629 |
Market Capitalization |
309 |
300 |
249 |
Book Value per Share |
$6.15 |
$6.29 |
$6.38 |
Tangible Book Value per Share |
$6.15 |
$6.29 |
$6.38 |
Total Capital |
428 |
378 |
334 |
Total Debt |
115 |
50 |
0.00 |
Total Long-Term Debt |
115 |
50 |
0.00 |
Net Debt |
-265 |
-533 |
-878 |
Capital Expenditures (CapEx) |
0.42 |
0.43 |
0.09 |
Net Nonoperating Expense (NNE) |
8.90 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
115 |
50 |
0.00 |
Total Depreciation and Amortization (D&A) |
2.48 |
1.58 |
1.29 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
($0.28) |
$0.15 |
$0.04 |
Adjusted Weighted Average Basic Shares Outstanding |
50.35M |
50.63M |
50.97M |
Adjusted Diluted Earnings per Share |
($0.28) |
$0.15 |
$0.04 |
Adjusted Weighted Average Diluted Shares Outstanding |
50.35M |
50.78M |
51.34M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
50.83M |
52.07M |
52.30M |
Normalized Net Operating Profit after Tax (NOPAT) |
-5.30 |
7.41 |
2.14 |
Normalized NOPAT Margin |
-6.61% |
10.94% |
3.72% |
Pre Tax Income Margin |
-9.44% |
15.59% |
7.39% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
-0.36 |
0.17 |
0.05 |
NOPAT to Interest Expense |
-0.25 |
0.12 |
0.03 |
EBIT Less CapEx to Interest Expense |
-0.38 |
0.16 |
0.05 |
NOPAT Less CapEx to Interest Expense |
-0.27 |
0.11 |
0.03 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
0.00% |
0.00% |
0.00% |
Quarterly Metrics And Ratios for Sterling Bancorp
This table displays calculated financial ratios and metrics derived from Sterling Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-22.32% |
-25.76% |
-20.85% |
-7.28% |
-14.62% |
-18.39% |
-15.71% |
-18.17% |
-14.54% |
-11.28% |
EBITDA Growth |
|
-81.99% |
-231.67% |
-107.69% |
146.90% |
-62.24% |
141.59% |
-80.99% |
-24.02% |
5.09% |
-70.13% |
EBIT Growth |
|
-85.49% |
-257.42% |
-107.38% |
223.54% |
-67.78% |
137.69% |
46.14% |
-46.31% |
17.31% |
-72.80% |
NOPAT Growth |
|
-87.69% |
-257.81% |
-107.41% |
215.57% |
-73.30% |
139.82% |
46.14% |
-48.17% |
-145.54% |
-77.05% |
Net Income Growth |
|
-87.69% |
-328.81% |
-109.56% |
215.57% |
-73.30% |
127.47% |
60.84% |
-48.17% |
-145.54% |
-77.05% |
EPS Growth |
|
-89.47% |
-325.00% |
-110.00% |
225.00% |
-50.00% |
127.78% |
100.00% |
-40.00% |
-100.00% |
-90.00% |
Operating Cash Flow Growth |
|
-88.55% |
0.99% |
-389.90% |
-10.25% |
-1,420.81% |
89.49% |
-11.63% |
-19.91% |
110.86% |
-659.16% |
Free Cash Flow Firm Growth |
|
1,659.15% |
-22.14% |
-18.36% |
-92.13% |
-70.17% |
-53.33% |
-57.57% |
419.79% |
-60.37% |
-18.68% |
Invested Capital Growth |
|
-37.24% |
-23.45% |
-22.63% |
-3.93% |
-17.71% |
-11.73% |
-12.42% |
-24.03% |
-8.60% |
-11.59% |
Revenue Q/Q Growth |
|
-1.71% |
-2.15% |
-4.34% |
0.79% |
-9.49% |
-6.47% |
-1.21% |
-2.15% |
-5.47% |
-2.91% |
EBITDA Q/Q Growth |
|
41.78% |
-768.19% |
96.68% |
849.26% |
-78.31% |
635.91% |
-117.79% |
414.52% |
-70.01% |
109.20% |
EBIT Q/Q Growth |
|
69.73% |
-1,046.92% |
96.93% |
756.37% |
-83.10% |
1,007.61% |
-104.38% |
754.33% |
-63.07% |
156.83% |
NOPAT Q/Q Growth |
|
153.53% |
-1,181.07% |
96.93% |
751.19% |
-87.63% |
1,512.42% |
-104.15% |
726.67% |
-110.87% |
912.59% |
Net Income Q/Q Growth |
|
153.53% |
-1,667.43% |
97.27% |
604.77% |
-87.63% |
1,512.42% |
-103.89% |
768.02% |
-110.87% |
912.59% |
EPS Q/Q Growth |
|
150.00% |
-1,900.00% |
97.22% |
600.00% |
-80.00% |
900.00% |
-100.00% |
0.00% |
-100.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-57.65% |
-375.64% |
33.12% |
214.97% |
-723.19% |
97.81% |
-610.07% |
182.49% |
-15.51% |
-253.40% |
Free Cash Flow Firm Q/Q Growth |
|
2.96% |
-55.37% |
6.10% |
-83.86% |
290.26% |
-30.17% |
-3.53% |
97.71% |
-70.24% |
43.29% |
Invested Capital Q/Q Growth |
|
-1.28% |
-3.82% |
0.67% |
0.50% |
-15.43% |
3.17% |
-0.12% |
-12.83% |
1.75% |
-0.19% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
13.57% |
-92.67% |
-3.37% |
25.05% |
6.00% |
47.23% |
-7.24% |
23.26% |
7.38% |
15.90% |
EBIT Margin |
|
10.00% |
-96.77% |
-3.10% |
20.20% |
3.77% |
44.69% |
-1.98% |
13.26% |
5.18% |
13.70% |
Profit (Net Income) Margin |
|
6.13% |
-98.21% |
-2.80% |
14.03% |
1.92% |
33.05% |
-1.30% |
8.89% |
-1.02% |
8.55% |
Tax Burden Percent |
|
61.31% |
101.49% |
90.31% |
69.45% |
50.81% |
73.97% |
65.67% |
67.04% |
-19.72% |
62.41% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
38.69% |
0.00% |
0.00% |
30.55% |
49.19% |
26.03% |
0.00% |
32.96% |
119.72% |
37.59% |
Return on Invested Capital (ROIC) |
|
0.92% |
-11.00% |
-0.33% |
2.35% |
0.34% |
5.56% |
-0.22% |
1.44% |
-0.17% |
1.38% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.92% |
-14.46% |
-0.40% |
2.35% |
0.34% |
5.56% |
-0.21% |
1.44% |
-0.17% |
1.38% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.67% |
-7.29% |
-0.20% |
0.83% |
0.09% |
1.43% |
-0.05% |
0.26% |
-0.01% |
0.10% |
Return on Equity (ROE) |
|
1.60% |
-18.29% |
-0.53% |
3.18% |
0.42% |
6.99% |
-0.28% |
1.69% |
-0.19% |
1.49% |
Cash Return on Invested Capital (CROIC) |
|
47.90% |
25.49% |
23.29% |
1.93% |
16.94% |
14.30% |
15.15% |
29.02% |
10.71% |
12.90% |
Operating Return on Assets (OROA) |
|
0.31% |
-2.91% |
-0.09% |
0.59% |
0.11% |
1.25% |
-0.05% |
0.33% |
0.13% |
0.32% |
Return on Assets (ROA) |
|
0.19% |
-2.96% |
-0.08% |
0.41% |
0.06% |
0.92% |
-0.04% |
0.22% |
-0.02% |
0.20% |
Return on Common Equity (ROCE) |
|
1.60% |
-18.29% |
-0.53% |
3.18% |
0.42% |
6.99% |
-0.28% |
1.69% |
-0.19% |
1.49% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.73% |
0.00% |
-6.33% |
-4.79% |
-5.09% |
0.00% |
2.36% |
1.98% |
1.80% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
1.18 |
-13 |
-0.39 |
2.54 |
0.31 |
5.06 |
-0.21 |
1.32 |
-0.14 |
1.16 |
NOPAT Margin |
|
6.13% |
-67.74% |
-2.17% |
14.03% |
1.92% |
33.05% |
-1.39% |
8.89% |
-1.02% |
8.55% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
3.46% |
0.07% |
0.00% |
0.00% |
0.00% |
-0.02% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
63.46% |
63.76% |
68.29% |
66.75% |
70.88% |
73.77% |
74.52% |
73.90% |
80.55% |
82.13% |
Operating Expenses to Revenue |
|
112.72% |
197.72% |
99.35% |
95.83% |
108.08% |
83.76% |
101.71% |
100.78% |
111.52% |
116.91% |
Earnings before Interest and Taxes (EBIT) |
|
1.92 |
-18 |
-0.56 |
3.66 |
0.62 |
6.85 |
-0.30 |
1.96 |
0.73 |
1.86 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
2.60 |
-17 |
-0.61 |
4.53 |
0.98 |
7.23 |
-1.10 |
3.44 |
1.03 |
2.16 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.93 |
0.99 |
0.91 |
0.87 |
0.96 |
0.92 |
0.82 |
0.83 |
0.71 |
0.75 |
Price to Tangible Book Value (P/TBV) |
|
0.93 |
0.99 |
0.91 |
0.87 |
0.96 |
0.92 |
0.82 |
0.83 |
0.71 |
0.75 |
Price to Revenue (P/Rev) |
|
3.54 |
3.86 |
3.82 |
3.75 |
4.27 |
4.44 |
4.14 |
4.41 |
4.02 |
4.33 |
Price to Earnings (P/E) |
|
24.92 |
0.00 |
0.00 |
0.00 |
0.00 |
40.53 |
34.81 |
41.89 |
39.43 |
116.47 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
4.01% |
0.00% |
0.00% |
0.00% |
0.00% |
2.47% |
2.87% |
2.39% |
2.54% |
0.86% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.15 |
0.10 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Revenue (EV/Rev) |
|
0.79 |
0.55 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
2.67 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
3.08 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
5.54 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
29.80 |
18.78 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.25 |
0.35 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.35 |
0.37 |
0.37 |
0.36 |
0.16 |
0.15 |
0.15 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
|
0.35 |
0.37 |
0.37 |
0.36 |
0.16 |
0.15 |
0.15 |
0.00 |
0.00 |
0.00 |
Financial Leverage |
|
0.73 |
0.50 |
0.50 |
0.35 |
0.26 |
0.26 |
0.26 |
0.18 |
0.08 |
0.08 |
Leverage Ratio |
|
8.39 |
8.11 |
7.95 |
7.71 |
7.58 |
7.59 |
7.51 |
7.59 |
7.51 |
7.33 |
Compound Leverage Factor |
|
8.39 |
8.11 |
7.95 |
7.71 |
7.58 |
7.59 |
7.51 |
7.59 |
7.51 |
7.33 |
Debt to Total Capital |
|
25.91% |
26.94% |
26.76% |
26.62% |
13.66% |
13.24% |
13.25% |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
25.91% |
26.94% |
26.76% |
26.62% |
13.66% |
13.24% |
13.25% |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
74.09% |
73.06% |
73.24% |
73.38% |
86.34% |
86.76% |
86.75% |
100.00% |
100.00% |
100.00% |
Debt to EBITDA |
|
4.52 |
-22.67 |
-8.00 |
-9.85 |
-3.75 |
4.12 |
5.74 |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
|
-9.34 |
52.20 |
21.17 |
46.24 |
38.64 |
-43.90 |
-68.99 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
|
4.52 |
-22.67 |
-8.00 |
-9.85 |
-3.75 |
4.12 |
5.74 |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
|
9.38 |
-21.77 |
-10.51 |
-12.52 |
-4.94 |
6.74 |
6.48 |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
|
-19.38 |
50.13 |
27.79 |
58.80 |
50.91 |
-71.93 |
-77.91 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
|
9.38 |
-21.77 |
-10.51 |
-12.52 |
-4.94 |
6.74 |
6.48 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
265 |
118 |
126 |
20 |
79 |
55 |
53 |
105 |
31 |
45 |
Operating Cash Flow to CapEx |
|
1,682.14% |
-5,466.32% |
-1,827.89% |
6,239.06% |
-34,561.11% |
-373.97% |
-6,153.97% |
22,842.86% |
0.00% |
-37,681.82% |
Free Cash Flow to Firm to Interest Expense |
|
49.98 |
13.51 |
10.69 |
1.32 |
4.69 |
3.10 |
2.90 |
5.41 |
1.51 |
2.23 |
Operating Cash Flow to Interest Expense |
|
0.36 |
-0.59 |
-0.30 |
0.26 |
-1.47 |
-0.03 |
-0.21 |
0.16 |
0.13 |
-0.21 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.33 |
-0.60 |
-0.31 |
0.26 |
-1.48 |
-0.04 |
-0.21 |
0.16 |
0.13 |
-0.21 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.02 |
0.02 |
Fixed Asset Turnover |
|
11.17 |
11.68 |
11.36 |
11.66 |
11.70 |
11.55 |
11.45 |
11.40 |
11.51 |
11.61 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
445 |
428 |
431 |
433 |
366 |
378 |
377 |
329 |
335 |
334 |
Invested Capital Turnover |
|
0.15 |
0.16 |
0.15 |
0.17 |
0.18 |
0.17 |
0.16 |
0.16 |
0.17 |
0.16 |
Increase / (Decrease) in Invested Capital |
|
-264 |
-131 |
-126 |
-18 |
-79 |
-50 |
-53 |
-104 |
-31 |
-44 |
Enterprise Value (EV) |
|
68 |
44 |
-17 |
-263 |
-211 |
-233 |
-333 |
-333 |
-477 |
-629 |
Market Capitalization |
|
306 |
309 |
288 |
278 |
304 |
300 |
269 |
272 |
238 |
249 |
Book Value per Share |
|
$6.49 |
$6.15 |
$6.21 |
$6.25 |
$6.07 |
$6.29 |
$6.29 |
$6.32 |
$6.39 |
$6.38 |
Tangible Book Value per Share |
|
$6.49 |
$6.15 |
$6.21 |
$6.25 |
$6.07 |
$6.29 |
$6.29 |
$6.32 |
$6.39 |
$6.38 |
Total Capital |
|
445 |
428 |
431 |
433 |
366 |
378 |
377 |
329 |
335 |
334 |
Total Debt |
|
115 |
115 |
115 |
115 |
50 |
50 |
50 |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
|
115 |
115 |
115 |
115 |
50 |
50 |
50 |
0.00 |
0.00 |
0.00 |
Net Debt |
|
-238 |
-265 |
-305 |
-541 |
-515 |
-533 |
-601 |
-605 |
-715 |
-878 |
Capital Expenditures (CapEx) |
|
0.11 |
0.10 |
0.19 |
0.06 |
0.07 |
0.15 |
0.06 |
0.01 |
0.00 |
0.01 |
Net Nonoperating Expense (NNE) |
|
0.00 |
5.72 |
0.11 |
0.00 |
0.00 |
0.00 |
-0.01 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
115 |
115 |
115 |
115 |
50 |
50 |
50 |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
0.69 |
0.77 |
-0.05 |
0.88 |
0.37 |
0.39 |
-0.80 |
1.48 |
0.31 |
0.30 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.02 |
($0.36) |
($0.01) |
$0.05 |
$0.01 |
$0.10 |
$0.00 |
$0.03 |
$0.00 |
$0.01 |
Adjusted Weighted Average Basic Shares Outstanding |
|
50.40M |
50.35M |
50.44M |
50.67M |
50.70M |
50.63M |
50.84M |
50.92M |
51.06M |
50.97M |
Adjusted Diluted Earnings per Share |
|
$0.02 |
($0.36) |
($0.01) |
$0.05 |
$0.01 |
$0.10 |
$0.00 |
$0.03 |
$0.00 |
$0.01 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
50.57M |
50.35M |
50.44M |
50.78M |
51.07M |
50.78M |
50.84M |
51.35M |
51.06M |
51.34M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
50.80M |
50.83M |
50.79M |
52.08M |
52.07M |
52.07M |
52.03M |
52.33M |
52.31M |
52.30M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
1.18 |
-13 |
-0.39 |
2.54 |
0.31 |
5.06 |
-0.21 |
1.32 |
0.51 |
1.16 |
Normalized NOPAT Margin |
|
6.13% |
-67.74% |
-2.17% |
14.03% |
1.92% |
33.05% |
-1.39% |
8.89% |
3.63% |
8.55% |
Pre Tax Income Margin |
|
10.00% |
-96.77% |
-3.10% |
20.20% |
3.77% |
44.69% |
-1.98% |
13.26% |
5.18% |
13.70% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.36 |
-2.07 |
-0.05 |
0.24 |
0.04 |
0.38 |
-0.02 |
0.10 |
0.04 |
0.09 |
NOPAT to Interest Expense |
|
0.22 |
-1.45 |
-0.03 |
0.17 |
0.02 |
0.28 |
-0.01 |
0.07 |
-0.01 |
0.06 |
EBIT Less CapEx to Interest Expense |
|
0.34 |
-2.08 |
-0.06 |
0.23 |
0.03 |
0.38 |
-0.02 |
0.10 |
0.04 |
0.09 |
NOPAT Less CapEx to Interest Expense |
|
0.20 |
-1.46 |
-0.05 |
0.16 |
0.01 |
0.28 |
-0.01 |
0.07 |
-0.01 |
0.06 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Key Financial Trends
Sterling Bancorp’s Q4 2024 results show continued pressure on margins and profitability amid rising credit provisioning and softer loan yields. Net interest income of $13.5 million was modestly below prior quarters and down from $15.1 million in Q4 2023, as funding costs climbed. Provision for credit losses remained elevated at $4.16 million, weighing on pre-tax income. Total revenue was $13.6 million, down 11% year over year, and net income fell 77% Y/Y to $1.16 million, or $0.01 per share. On the other hand, the bank generated a strong $44.9 million in free cash flow to the firm, and its investment portfolio activities delivered over $100 million in cash proceeds. Book value per share rose to $6.38, leaving the shares trading at only 0.75x book value.
- Generated robust free cash flow of $44.9 million in Q4 2024, underscoring healthy cash generation.
- Realized $100.3 million in proceeds from sale and maturity of investments, bolstering liquidity.
- Deposit base grew by $3.7 million in Q4, supporting stable funding.
- Shares trade at 0.75x book value, indicating an attractive valuation relative to tangible equity.
- Book value per share increased to $6.38, up from $6.29 a year earlier.
- Return on equity remains low at 1.49%, consistent with a high-liquidity, low-risk profile.
- Total revenue declined 11% year over year in Q4, driven by lower interest income and minimal non-interest income.
- Provision for credit losses of $4.16 million remains elevated, pressuring pre-tax profitability.
- Net income fell 77% Y/Y to $1.16 million, translating to earnings per share of $0.01 versus $0.10 in Q4 2023.
- Operating cash flow was an outflow of $4.15 million, indicating ongoing funding needs from operations.
07/19/25 03:08 PMAI Generated. May Contain Errors.