Sterling Bancorp

Sterling Bancorp is a bank holding company that owns the 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.

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NEW YORK, Jan. 26, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600: Constellation Energy Corp. (NASD:CEG) will replace The Gap Inc. (NYSE:GPS) in the S&P 500, The Gap will replace Jack in the Box Inc. (NASD:JACK) in the S&P MidCap 400, and Jack in the Box will replace Spectrum Pharmaceuticals Inc.(NASD:SPPI) in the S&P SmallCap 600 prior to the opening of trading on Thursday, February 3. S&P 500 and 100 constituent Exelon Corp. (NASD: EXC) is spinning off Constellation Energy in a transaction expected to be completed on February 2.

Constellation Energy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

GAAP net income available to common stockholders was $109.6 million.

Sterling Bancorp announces results for the fourth quarter and full year of 2021. Reporting record diluted earnings per share available to common stockholders in the fourth quarter of 2021 of $0.57 (as reported) and $0.64 (as adjusted).

PEARL RIVER, N.Y., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable February 18, 2022, to holders of record as of January 24, 2022.

Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

PEARL RIVER, N.Y., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) announced today its participation in the USDF ConsortiumTM, an association of FDIC-insured financial institutions, whose objective is to advance the adoption and interoperability of a bank-minted stablecoin, USDFTM. USDF will be established on the Provenance Network, a public blockchain that supports real-time payment capabilities and will facilitate faster, cheaper, more secure money movement. USDF seeks to address many of the regulatory concerns raised related to non-bank minted stablecoins.

Sterling National Bank Announces Its Participation in the USDF Consortium™

Sterling Bancorp (STL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sterling Bancorp (STL) Earnings Expected to Grow: Should You Buy?

PEARL RIVER, N.Y., Jan. 07, 2022 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that it plans to release results for the fourth quarter and full year ended December 31, 2021 after the market close on Wednesday, January 19, 2022. Sterling will not host an earnings call given its pending merger with Webster Financial Corporation.

Sterling Bancorp to Announce Fourth Quarter and Full Year 2021 Results

Webster Financial (WBS) and Sterling (STL) receives a green flag from the Federal Reserve System for the merger deal, reflecting the regulator's confidence in the rationale behind and the synergies of the merger.

Webster (WBS) & Sterling (STL) Merger Gets Regulatory Nod

WATERBURY, Conn. and PEARL RIVER, N.Y., Dec. 20, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies. As previously announced, the Office of the Comptroller of the Currency has also approved the merger of the respective bank subsidiaries of Webster and Sterling, Webster Bank, National Association and Sterling National Bank. All required regulatory approvals to complete the merger have now been received.

WEBSTER, STERLING ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER

PEARL RIVER, N.Y., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) today announced it has made a strategic investment in Goalsetter , an innovative mobile banking company aimed at promoting financial literacy and empowerment amongst K-12 students. According to studies compiled by the U.S. Financial Literacy and Education Commission, only one third of adults can answer at least four of five financial literacy questions on fundamental concepts such as mortgages, interest rates, inflation and risk. Goalsetter proactively addresses these knowledge gaps through educational resources, budgeting tips, and planning tools that promote financial literacy and learning, while augmenting the experience with an FDIC insured deposit product and online and in-store spending through its Cashola™ debit card.

Sterling Bancorp Announces Strategic Investment in Goalsetter

PEARL RIVER, N.Y., Dec. 10, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). The dividend is payable on January 14, 2022 to shareholders of record as of December 30, 2021.

Sterling Bancorp Declares Quarterly Dividend on Preferred Stock

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Jefferies analysts said mid-cap banks look healthy heading into 2022, but the sector faces downward pressure on overdraft fees and the potential for increased scrutiny of M&A deals.

The Ratings Game: Mid-Cap banks healthy but eye downward pressure on overdraft fees

Sterling Bancorp, Inc. (Southfield, MI) (SBT) CEO Tom O'Brien on Q3 2021 Results - Earnings Call Transcript

Sterling Bancorp (SBT) delivered earnings and revenue surprises of 280.00% and 5.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (SBT) Beats Q3 Earnings and Revenue Estimates

PEARL RIVER, N.Y., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (“Sterling”) today announced a strategic investment in FinTron LLC (“FinTron”), a FinTech company providing a range of digitally enabled banking and investment services to the Mobile Generation (millennials and Gen Z ages 18 to 39). Through its subsidiary, Fintron Invest, an SEC registered broker-dealer, the company provides a range of investment services, including commission-free trading in more than two thousand stocks and ETFs, as well as investment automation and educational financial resources, all delivered through an “all-in-one” investing and investment education app.

Sterling Bancorp Announces Strategic Investment in FinTron LLC

Sterling Bancorp (STL) CEO Jack Kopnisky on Q3 2021 Results - Earnings Call Transcript

Sterling National Bank deploys new self-service escrow accounts solution, delivered in partnership with Cashfac Sterling National Bank deploys new self-service escrow accounts solution, delivered in partnership with Cashfac

Sterling National Bank Goes Live with Cashfac's Escrow Account Platform

Sterling Bancorp (STL) delivered earnings and revenue surprises of 1.96% and -3.27%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (STL) Q3 Earnings Beat Estimates

Sterling Bancorp announces results for the third quarter and first nine months of 2021. Diluted earnings per share available to common stockholders in the third quarter of 2021 of $0.49 (as reported) and $0.52 (as adjusted).

Sterling Bancorp's (STL) investment in Texture Capital offers additional scope to expand the former's digital offerings and focus on innovation.

Sterling Bancorp (STL) Makes Investment in Texture Capital

Webster Financial (WBS) and Sterling (STL) receive shareholder nod for the merger deal, reflecting the companies' confidence in the rationale and synergies of the merger.

Webster (WBS) & Sterling (STL) Merger Gets Stockholders' Nod

WATERBURY, Conn. and PEARL RIVER, N.Y., Aug. 17, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced that each company's stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today. The final voting results on the proposals voted on at the special meetings will be set forth in the companies' separate Form 8-Ks filed with the U.S. Securities and Exchange Commission (the "SEC") after certification by each company's inspector of election.

Webster, Sterling Stockholders Approve Merger

Sterling Bancorp, Inc. (Southfield, MI) (SBT) CEO Tom O'Brien on Q2 2021 Results - Earnings Call Transcript

Sterling Bancorp (SBT) delivered earnings and revenue surprises of 0.00% and -3.20%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (SBT) Q2 Earnings Match Estimates

Shares of Sterling Bancorp (NASDAQ:SBT) decreased 7.1% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 28.57% over the past year to $0.05, which missed the estimate of $0.06.

Recap: Sterling Bancorp Q2 Earnings

On Monday, August 02, Sterling Bancorp (NASDAQ:SBT) will release its latest earnings report. Benzinga's outlook for Sterling Bancorp is included in the following report.

News for Sterling Bancorp Stock (STL)