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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A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company’s future growth prospects.

A Look Into Financial Service Value Stocks

Sterling Bancorp (STL) delivered earnings and revenue surprises of 20.83% and -1.29%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (STL) Q2 Earnings Beat Estimates

Key Performance Highlights for the Three Months ended June 30, 2020 vs. June 30, 2019

Sterling Bancorp announces results for the second quarter of 2020 with diluted income per share available to common stockholders of $0.25 (as reported) and $0.29 (as adjusted)

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.

Earnings Preview: Sterling Bancorp (STL) Q2 Earnings Expected to Decline

~ New service provides innovative financial solutions for FinTechs and non-bank partners to deliver customized banking capabilities ~

Sterling National Bank Introduces Banking-as-a-Service Program

MONTEBELLO, N.Y., July  10, 2020  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that it plans to release results for the second quarter ended June 30, 2020 after the market close on Wednesday, July 22, 2020.

Sterling Bancorp to Announce Second Quarter 2020 Results

Let's see if Sterling Bancorp (STL) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Consider Sterling Bancorp (STL) Stock?

Sterling Bancorp (STL) CEO Jack Kopnisky on Q1 2020 Results - Earnings Call Transcript

Sterling Bancorp (STL) delivered earnings and revenue surprises of -111.76% and 4.56%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp (STL) Reports Q1 Loss, Tops Revenue Estimates

MONTEBELLO, N.Y., March  16, 2020  (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 $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 April 15, 2020 to shareholders of record as of March 27, 2020.

Sterling Bancorp (NYSE:  STL) Declares Quarterly Dividend on Preferred Stock

Sterling Bancorp (STL) rewards shareholders with new share-repurchase authorization of additional 20 million of the common shares.

Sterling Bancorp (STL) Rolls Out New Share-Repurchase Plan

MONTEBELLO, N.Y., Feb.  28, 2020  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors approved a new authorization for the repurchase of up to an additional 20,000,000 of the company’s outstanding common stock. The repurchases will be made in the open market or through privately negotiated transactions, over time, depending on market conditions. The stock repurchase program may be modified, extended or terminated at any time by the Board of Directors. Sterling Bancorp had approximately 198.0 million shares of common stock outstanding as of February 27, 2020, per the company’s annual report on Form 10-K for the year ended December 31, 2019.

Sterling Bancorp Announces New 20,000,000 Share Repurchase Authorization

Sterling Bancorp Inc (SBT) CEO Tom Lopp on Q4 2019 Results - Earnings Call Transcript

MONTEBELLO, N.Y., Jan.  27, 2020  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) today announced the promotion of Luis Massiani to President of Sterling National Bank. In addition to maintaining his role as Chief Financial Officer of Sterling Bancorp and Sterling National Bank, Mr. Massiani will lead all finance, bank operations and consumer banking functions.

Luis Massiani Promoted to President of Sterling National Bank

Sterling Bancorp (STL) CEO Jack Kopnisky on Q4 2019 Results - Earnings Call Transcript

MONTEBELLO, N.Y., Jan.  22, 2020  (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, 2020 to holders of record as of February 3, 2020.

Sterling Bancorp Declares Quarterly Dividend  of $0.07 per Share

Sterling Bancorp (STL) Reports Next Week: Wall Street Expects Earnings Growth

Sterling Bancorp's Earnings Outlook Appears Bright

MONTEBELLO, N.Y., Dec.  16, 2019  (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 $275,000,000 aggregate principal amount of its 4.00% fixed-to-floating rate subordinated notes due 2029 (the “Notes”). Sandler O’Neill + Partners, L.P., Keefe, Bruyette & Woods, Inc., A Stifel Company, and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the offering.

Sterling Bancorp Closes $275 Million Subordinated Notes Offering

MONTEBELLO, N.Y., Dec.  16, 2019  (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 $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 January 15, 2020 to shareholders of record as of December 31, 2019.

Sterling Bancorp Declares Quarterly Dividend  on Preferred Stock

MONTEBELLO, N.Y., Dec.  12, 2019  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today that it has priced $275 million aggregate principal amount of its 4.00% fixed-to-floating rate subordinated notes due 2029 (the “Notes”). The Notes have an initial fixed interest rate of 4.00% to, but excluding, December 30, 2024, payable semi-annually in arrears, and a 10-year term and were offered to the public at par. From, and including, December 30, 2024, 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 253 basis points, payable quarterly in arrears.

Sterling Bancorp Announces Pricing of $275 Million Subordinated Notes Offering

Banco Santander

In order to boost commercial lending capabilities, Sterling Bancorp's (STL) subsidiary acquires middle market commercial equipment finance loans and leases from Santander Bank.

Sterling Bancorp Unit Acquires Santander Bank's $839M Loans

MONTEBELLO, N.Y., Dec.  02, 2019  (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), announced today that its principal subsidiary, Sterling National Bank, has completed the previously announced acquisition of middle market commercial equipment finance loans and leases from Santander Bank, N.A.

Sterling National Bank Completes Acquisition of $839 Million in Middle Market Commercial Equipment Finance Loans and Leases from Santander Bank, N.A.

John Hoesley and Josh Roberts to spearhead new vertical John Hoesley and Josh Roberts to spearhead new vertical

Sterling Bancorp Launches New Innovation Finance Group

Sterling Bancorp, Inc. (Southfield, MI) (SBT) CEO Gary Judd on Q3 2019 Results - Earnings Call Transcript

News for Sterling Bancorp Stock (STL)