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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PEARL RIVER, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), parent company of Sterling National Bank (the “Bank”), announced today that Luis Massiani will transition to the role of Chief Operating Officer of the Company and continue his position as President of the Bank. Luis will maintain his duties as CFO of the Company and the Bank through February 28, 2021, at which time he will fully transition to COO of the Company. In connection with Luis' transition, Bea Ordonez has joined the organization as Executive Vice President and will assume the role of CFO of both the Company and the Bank effective as of March 1, 2021. Upon assuming the role of CFO, Bea will oversee all aspects of financial management for the Company and the Bank.

Sterling Bancorp Announces Senior Management Changes; Luis Massiani to Transition to COO, Bea Ordonez to Join as CFO

PEARL RIVER, N.Y., Jan. 08, 2021 (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, 2020 after the market close on Wednesday, January 20, 2021.

Sterling Bancorp to Announce Fourth Quarter and Full Year 2020 Results

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Banks regain investors' confidence in November after being one of the worst performing sectors of 2020. Let's check - Flagstar Bancorp (FBC), Heartland Financial (HTLF) & Sterling Bancorp (STL) - as these witness positive estimate revisions.

3 Bank Stocks to Buy as Sector Regains Momentum in November

Sterling Bancorp (STL) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Sterling Bancorp (STL)

Sterling Bancorp, Inc. (Southfield, MI) (SBT) CEO Tom O'Brien on Q3 2020 Results - Earnings Call Transcript

PEARL RIVER, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today the closing of its underwritten public offering of $225,000,000 aggregate principal amount of its 3.875% fixed-to-floating rate subordinated notes due 2030 (the “Notes”). Piper Sandler & Co., U.S. Bancorp Investments, Inc. and PNC Capital Markets LLC acted as joint book-running managers for the offering.

Sterling Bancorp Closes $225 Million Subordinated Notes Offering

PEARL RIVER, N.Y., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today that it has priced $225 million aggregate principal amount of its 3.875% fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes have an initial fixed interest rate of 3.875% to, but excluding, November 1, 2025, payable semi-annually in arrears, and a 10-year term and were offered to the public at par. From, and including, November 1, 2025, the interest rate on the Notes resets quarterly to a floating rate per annum equal to a benchmark rate, which is expected to be the then-current three-month term SOFR plus 369 basis points, payable quarterly in arrears.

Sterling Bancorp Announces Pricing of $225 Million Subordinated Notes Offering

Sterling Bancorp's (STL) CEO Jack Kopnisky on Q3 2020 Results - Earnings Call Transcript

Sterling Bancorp (STL) delivered earnings and revenue surprises of 18.42% and 0.16%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (STL) Q3 Earnings and Revenues Surpass Estimates

Key Performance Highlights for the third quarter of 2020

Sterling Bancorp announces results for the third quarter of 2020 with diluted income per share available to common stockholders of $0.43 (as reported) and $0.45 (as adjusted)

Its better than average earnings profile should produce strong profitability metrics for the foreseeable future.

Sterling Bancorp: Distressed Valuation Coupled With Solid Earnings Power

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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.

Analysts Estimate Sterling Bancorp (STL) to Report a Decline in Earnings: What to Look Out for

PEARL RIVER, N.Y., Oct. 09, 2020 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that it plans to release results for the third quarter ended September 30, 2020 after the market close on Wednesday, October 21, 2020.

Sterling Bancorp to Announce Third Quarter 2020 Results

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Sterling Bancorp (STL) raises fund from portfolio loan sales to better allocate capital.

Sterling Bancorp Closes Loan Sales, Provides Deferral Update

PEARL RIVER, N.Y., Sept.  23, 2020  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent company of Sterling National Bank (the “Bank”), today announced that it has completed two loan portfolio sales including the remaining balance of its small business commercial transportation loans and the majority of its residential mortgage non-performing loans. 

Sterling Bancorp Announces Portfolio Sales and Provides Update on Loan Deferral Trends

Sterling Bancorp (STL) announces partnership with Cashfac to provide its customers a seamless experience with enhanced technological capabilities.

Sterling Bancorp-Cashfac to Expand Escrow Account Platform

LONDON and MONTEBELLO, N.Y., Sept.  02, 2020  (GLOBE NEWSWIRE) -- Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), announced a strategic agreement to expand Sterling’s Escrow account origination and servicing capabilities. The partnership will deploy Cashfac’s flagship Virtual Bank Technology (VBT) platform, delivered remotely via the Cloud.

Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform

~Skye will use Natural Language Understanding and Artificial Intelligence to automate 3 million contact center inquiries per year~

Sterling National Bank Partners with IPsoft’s Amelia®--Most Human AI™--to Launch Cognitive Customer Service Agent “Skye”

~ New partnership will empower small businesses looking to recover from financial hardships incurred due to the pandemic ~

Sterling National Bank Partners with Business Outreach Center with $250,000 Grant to Support Small Businesses in NYC Metro

Sterling Bancorp, Inc. (Southfield, MI) (SBT) CEO Tom O'Brien on Q1 2020 Results - Earnings Call Transcript

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc.

Sterling Bancorp, Inc. to Announce Second Quarter 2020 Financial Highlights on Monday, August 3

Sterling Bancorp (STL) CEO Jack Kopnisky on Q2 2020 Results - Earnings Call Transcript

News for Sterling Bancorp Stock (STL)