Inactive Instrument

Sterling Bancorp

STL

US85917A1007

Sterling Bancorp: Q3 Earnings Snapshot

October 20, 2021 at 05:01 pm EDT

PEARL RIVER, N.Y. (AP) _ Sterling Bancorp (STL) on Wednesday reported third-quarter net income of $95.7 million.

The bank, based in Pearl River, New York, said it had earnings of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 52 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The bank holding company posted revenue of $257.6 million in the period. Its revenue net of interest expense was $246.4 million, which did not meet Street forecasts.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STL at https://www.zacks.com/ap/STL

Latest news about Sterling Bancorp

Tranche Update on Sterling Bancorp's Equity Buyback Plan announced on March 1, 2018.	22-08-15	CI
Tranche Update on Sterling Bancorp's Equity Buyback Plan announced on March 1, 2018.	22-05-13	CI
Tranche Update on Sterling Bancorp's Equity Buyback Plan announced on March 1, 2018.	22-03-31	CI
Sterling Bancorp Subsidiary to Sell Commercial Real Estate Loan Portfolio	22-02-17	MT
Earnings Flash (SBT) STERLING BANCORP Posts Q4 EPS $0.10, vs. Street Est of $0.09	22-02-03	MT
North American Morning Briefing : Tech Stocks Set -3-	22-02-03	DJ
Webster Financial Completes Merger with Sterling Bancorp	22-02-01	MT
Sterling Bancorp(NYSE:STL) dropped from S&P Global BMI Index	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P TMI Index	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P 1000	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P 400 Financials	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P Composite 1500	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P 400	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P Banks Select Industry Index	22-02-01	CI
Sterling Bancorp(NYSE:STL) dropped from S&P Regional Banks Select Industry Index	22-02-01	CI
Webster Financial Corporation completed the acquisition of Sterling Bancorp in merger of equals transaction.	22-01-30	CI
Watts Water Replacing Sterling Bancorp in S&P MidCap 400 Amid Index Reshuffle	22-01-27	MT
Sterling Bancorp Settles Shareholder Derivative Complaint	22-01-21	MT
Financial Stocks Still Trying to Resist Late Selloff for Equities	22-01-20	MT
Financial Stocks Easing Slightly From Earlier Gains	22-01-20	MT
Sterling Bancorp Q4 Adjusted Earnings, Revenue Rise; Quarterly Dividend Maintained at $0.07 a Share	22-01-19	MT
Earnings Flash (STL) STERLING BANCORP Reports Q4 EPS $0.64, vs. Street Est of $0.50	22-01-19	MT
Sterling Bancorp Reports Earnings Results for the Full Year Ended December 31, 2021	22-01-19	CI
Sterling Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-01-19	CI
Sterling Bancorp Declares Quarterly Cash Dividend, Payable on February 18, 2022	22-01-19	CI

Sterling Bancorp is a bank and financial holding company. It conducts business operations through its subsidiary Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island; and 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. Its deposit products include non-interest-bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.

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