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$ 0.00 |
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$ 0.00 |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
192 |
Employees |
1,089 |
Revenues (TTM) (Millions $) |
959 |
Net Income (TTM) (Millions $) |
370 |
Cash Flow (TTM) (Millions $) |
492 |
Capital Exp. (TTM) (Millions $) |
23 |
Sterling Bancorp
Sterling Bancorp is a Delaware corporation, bank holding company and financial
holding company that owns all of the outstanding shares of common stock of its
principal subsidiary, Sterling National Bank (the “Bank”). Under
the terms of the HVB Merger, HVHC shareholders received 1.92 shares of our common
stock for each share of HVHC common stock. The HVB Merger has furthered our
strategy of expanding in the greater New York metropolitan region by providing
us with a significant presence and deposit market share in Westchester County,
New York, and created an opportunity to realize significant operating expense
savings.
On October 31, 2013, when we were formerly known as Provident New York Bancorp
(“Legacy Provident”) and the parent company of the Bank, then called
Provident Bank, we acquired Sterling Bancorp (“Legacy Sterling”)
through a merger. Legacy Provident was the accounting acquirer and surviving
entity. At that time, we became a bank holding company and a financial holding
company as defined by the Bank Holding Company Act of 1956, as amended, or the
BHC Act. Legacy Sterling’s principal subsidiary, Sterling National Bank,
merged into our principal subsidiary, the Bank, which was then called Provident
Bank. The Bank changed its legal entity name to Sterling National Bank. We refer
to the transactions detailed above collectively as the “Provident Merger”.The
Bank is a full-service regional bank founded in 1888. Headquartered in Montebello,
New York, the Bank specializes in the delivery of services and solutions to
business owners, their families and consumers within the communities we serve
through teams of dedicated and experienced relationship managers. The Bank offers
a complete line of commercial, business, and consumer banking products and services.
Subsidiaries
We and the Bank maintain a number of wholly-owned subsidiaries, including a
company that originates loans to municipalities and governmental entities and
acquires securities issued by state and local governments, a real estate investment
trust that holds real estate mortgage loans, several subsidiaries that hold
foreclosed properties acquired by the Bank, a Vermont captive insurance company
and other subsidiaries that have an immaterial impact on our financial condition
or results of operations.
Through the Bank, we operate as a regional bank providing a broad offering
of deposit, lending and wealth management products to commercial, consumer and
municipal clients in our market area. We focus mainly on delivering products
and services to small and middle market commercial businesses and affluent consumers.
We believe that this is a client segment that is underserved by larger bank
competitors in our market area.
Our primary strategic objective is to generate sustainable growth in revenues
and earnings. To achieve this goal, we focus on the following initiatives:
Target on specific “high value” customer segments and geographic
markets.
Deploy a single point of contact, relationship-based distribution strategy through
our commercial banking teams and financial centers.
Continuously expand our delivery and distribution channels by recruiting new
commercial teams.
Maximize efficiency through a technology enabled, low-cost operating platform
and controlling operating costs.
Create a high productivity culture through differentiated compensation programs
based on a pay-for-performance philosophy.
Maintain strong risk management systems and proactively manage enterprise risk.
The Bank targets the following geographic markets: (i) the New York Metro Market,
which includes Manhattan and Long Island; and (ii) the New York Suburban Market,
which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester
counties in New York and Bergen County in New Jersey. We believe the Bank operates
in an attractive footprint that presents us with significant opportunities to
execute our strategy.
Company Address: Two Blue Hill Plaza Pearl River, 10965 NY
Company Phone Number: 369-8040 Stock Exchange / Ticker: NYSE STL
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Customers Net Income grew by |
STL's Customers Net Profit Margin grew to |
60.94 % |
16.66 %
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Stock Performances by Major Competitors |
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Lcnb Corp
As I analyze the recent financial results of LCNB Corp. for the most recent fiscal period, it is evident that the company has faced some challenges. The company slipped into a deficit, with earnings per share falling significantly compared to the previous year. The decrease in revenue is also cause for concern, as it has declined both year-over-year and sequentially. The net deficit reported for the most recent fiscal period is a stark contrast to the bottom line recorded in the same reporting period a year before. Additionally, the increase in accounts receivable may indicate rising demand, but it also suggests that the company may be facing difficulties in collecting payments.
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American National Bankshares Inc
The announcement of a quarterly cash dividend of $0.30 per common share by American National Bankshares Inc. (NASDAQ: AMNB) has garnered attention from investors and financial analysts alike. This dividend is scheduled to be distributed to shareholders on December 15, 2023, with only those shareholders registered by December 1, 2023, being eligible to receive the payout. However, recent financial reports from the bank paint a mixed picture. The company reported fourth quarter 2023 earnings of $4.0 million, or $0.38 per diluted common share, marking a significant decrease from the same quarter in the prior year. Additionally, earnings for the twelve months ended December 31, 2023, were lower than the previous year, coming in at $26.2 million, or $2.46 per diluted common share.
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Peoples Financial Services Corp
Peoples Financial Services Corp, a commercial bank, has recently released its financial results for the fourth quarter of 2023, which indicate a significant deterioration in key metrics. With a sharp decline in earnings per share (EPS), profit, and revenue, combined with decreasing net margins and operating earnings, the company's poor performance warrants a cautious and bearish perspective. Additionally, the recent fluctuation in share prices indicates ongoing market skepticism towards Peoples Financial Services Corp. Deteriorating Financial Performance Peoples Financial Services Corp's EPS saw a steep decline of -59.48% in the fourth quarter of 2023, falling to $0.52 per share compared to $1.27 in the preceding year. Similarly, profit plummeted by -45.72% from $0.95 to $0.52 per share in the prior reporting season. The downward spiral continued with a revenue decline of -21.25%, dropping to $21.88 million from $27.79 million in the same reporting season of the previous year. Sequentially, revenue deteriorated by -12.938% from $25.14 million.
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First United Corporation
During the past week, First United Corporation witnessed a drop of -0.58% in its shares. However, when compared to a year before, the company's shares exhibited an impressive improvement of 29.39%. With shares trending higher and just 8.6% below its 52-week high, it is important to dive deeper into First United Corporation's financial results and analyze how these figures will impact the company's future. Revenue Reduction and Profitability Slump: First United Corporation experienced a significant revenue reduction of -29.525% during the fourth quarter of the 2023 earnings season. This slump in revenue had a direct impact on profitability, with a decline of -74.76%. The company recorded $14.38 million in revenue for the latest period, in stark contrast to the $20.41 million generated the previous year. Similarly, earnings per share (EPS) dropped to $0.26 from $1.04 in the prior year.
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Smartfinancial Inc
SmartFinancial Inc is a company that has seen a decline in its financial performance in the fiscal year ending December 31, 2023. According to the company's report, both its top and bottom lines were soft, with a significant decrease in income per share and revenue compared to the previous year. The income per share plummeted by 49.35%, while revenue declined by 14.619% year on year. In the fiscal year ending December 31, 2022, the company reported revenue of $43.95 million, with earnings per share at $0.72. However, in the fiscal year ending December 31, 2023, the revenue dropped to $37.53 million, and the earnings per share decreased to $0.36. This represents a negative growth rate of 14.619% in revenue and a significant decline of 49.35% in earnings per share.
|
Per Share |
Current |
Earnings (TTM) |
1.87 $ |
Revenues (TTM) |
4.98 $
|
Cash Flow (TTM) |
2.56 $ |
Cash |
18.43 $
|
Book Value |
24.94 $
|
Dividend (TTM) |
0.28 $ |
|
Per Share |
|
Earnings (TTM) |
1.87 $
|
Revenues (TTM) |
4.98 $ |
Cash Flow (TTM) |
2.56 $ |
Cash |
18.43 $
|
Book Value |
24.94 $ |
Dividend (TTM) |
0.28 $ |
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