STL earnings
Sterling Bancorp (STL) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- 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).Key Performance Highlights GAAP net income available to common stockholders was $109.6 million.Adjusted net income was $121.9 million, an all-time high, and an increase of 22.4% over the linked quarter.Adjusted PPNR, excluding accretion income,1, 2 was $130.8 million; an increase of $10.1 million, or 8.4%, versus the linked quarter. For the full year, adjusted PPNR was $499.6 million in 2021 compared to $493.6 million in 2020.Reported tax equivalent net interest margin excluding accretion income1 was 3.23% compared to 3.25% in the linked quarter.Cost of funding liabilities was unchanged from the linked quarter at 19 bps; earning asset yields decreased by three bps to 3.49%.Total core depo
- 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).Key Performance Highlights GAAP net income available to common stockholders was $93.7 million.Adjusted net income was $99.6 million compared to $100.4 million in the linked quarter.Reported net interest margin excluding accretion income1 was 3.25% compared to 3.30% in the linked quarter.Cost of funding liabilities decreased by one bp to 19 bps; earning asset yields decreased by nine bps to 3.52%.Adjusted PPNR, excluding accretion income,1, 2 was $120.7 million; a decrease of $3.9 million, or 3.1%, compared to the linked quarter.Total deposits were $23.9 billion, an increase of $789.3 million, or 3.4%, compared to the linked quarter.Total core deposits were $23.4 billion, an increase of 3.5%
- Sterling Bancorp announces results for the second quarter and first half of 2021. Diluted earnings per share available to common stockholders in the second quarter of 2021 of $0.50 (as reported) and $0.52 (as adjusted).Key Performance Highlights GAAP net income available to common stockholders was $96.4 million.Adjusted net income increased to $100.5 million from $97.6 million in the linked quarter.Reported net interest margin excluding accretion income1 of 3.30% was flat compared to the linked quarter.Cost of funding liabilities decreased by seven bps to 20 bps; earning asset yields decreased by seven bps to 3.61%.Adjusted PPNR, excluding accretion income,1, 2 was $124.7 million; increased $832 thousand, or 0.7%, over the linked quarter and $10.9 million, or 9.6%, from a year ago.Total deposits were $23.1 billion, a decrease of 1.9% from a year ago.Total core deposits were $22.6 billion, an increase of 3