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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

STERLING BANCORP (STL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   8-K10-K10-K10-K10-K10-K10-K8-K
Interest and dividend income:          
Loans and loan fees  805.2       
Securities taxable   73.894.8116.065.342.539.4 
Securities non-taxable   49.955.861.137.223.712.1 
Other earning assets   7.422.524.99.24.54.2 
    Total interest and dividend income  917.91,014.01,202.51,208.5682.4461.6348.1262.3
   
Interest expense:          
Deposits   105.6192.4130.156.133.217.59.9
Borrowings   43.591.3111.050.224.119.4 
    Total interest expense  50.3149.1283.6241.19,256.757.33,234.629.9
    Net interest income  867.6864.9918.9967.4576.1404.3311.2232.3
   
Provision for credit losses - loans          
Provision for credit losses - held to maturity securities          
    Net interest income after provision for credit losses  872.8612.5872.9921.4550.1384.3295.5213.2
   
Non-interest income:          
Deposit fees and service charges  1,019.323.91,003.81,024.6614.3455.3358.3265.4
            Deposit fees and service charges growth  4164.4%-97.6%-2.0%66.8%34.9%27.1%35.0% 
Bank owned life insurance   20.320.715.77.85.85.2 
Loan commissions and fees  37.139.524.116.211.69.54.9 
Other   9.015.313.07.211.51.0 
    Total non-interest income  136.0135.6130.9103.264.271.062.852.2
   
Non-interest expense:          
Compensation and benefits   222.1215.8220.3150.3125.9104.9 
   
Stock-based compensation plans          
Occupancy and office operations   59.464.468.543.634.532.9 
Information technology   33.335.641.219.48.98.8 
Professional fees   24.919.513.4    
Amortization of intangible assets  15.116.819.223.613.012.410.0 
FDIC insurance and regulatory assessments   13.012.720.512.08.27.4 
Impairment related to financial centers and real estate consolidation strategy   13.314.48.7    
Loss on extinguishment of borrowings   19.50.0-0.2 9.7  
Other   65.553.843.239.234.940.7 
    Total non-interest expense  495.9492.4463.8458.4433.4247.9260.3181.3
Income tax expense  108.229.9112.9119.087.967.431.825.5
    Net income  404.7225.8427.0447.393.0140.066.158.7
Preferred stock dividend  7.816.716.716.84.2   
    Net income available to common stockholders  396.9217.9419.1439.391.0140.066.1 
   
Weighted average common shares:          
Basic (in shares)  191.7194.1205.7224.3157.5130.6109.983.6
Diluted (in shares)  191.7194.4206.1224.8158.1131.2110.383.9
   
Earnings per common share:          
Basic (USD per share)  $2.07$1.12$2.04$1.96$0.58$1.07$0.60$0.70
Diluted (USD per share)  $2.07$1.12$2.03$1.95$0.58$1.07$0.60$0.70

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