STOCK TITAN

Sterling Bancorp, Inc. - SBT STOCK NEWS

Welcome to our dedicated page for Sterling Bancorp news (Ticker: SBT), a resource for investors and traders seeking the latest updates and insights on Sterling Bancorp stock.

Sterling Bancorp, Inc. Common Stock (symbol: SBT) is a prominent financial institution with a rich history dating back to 1984. Initially chartered as Sterling Savings and Loan Association, the company began with a strong focus on residential mortgage lending. Over the years, Sterling Bancorp has significantly expanded its range of services and geographical reach.

In 1990, the company introduced its commercial real estate lending division, marking its foray into the commercial market. By 1992, the addition of a trust division led to the rebranding of the company as Sterling Bank and Trust, FSB. Today, Sterling Bank operates 18 neighborhood branches across the San Francisco Bay Area and an additional branch in Alhambra, California, with plans to expand further into Cupertino and Irvine.

Sterling Bancorp's mission is to deliver exceptional value to its customers, employees, investors, and the community through innovative and creative financial solutions. The company prides itself on offering a comprehensive range of loan products and retail banking services, including saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfers, and treasury and cash management.

The bank provides a variety of loan options such as construction loans, residential and commercial real estate loans, commercial lines of credit, and other consumer loans. Sterling Bancorp continues to grow profitably as an independent, national company by consistently exceeding customer expectations with superior financial solutions.

Recent Achievements and Current Projects

  • Expansion plans with new branches anticipated in Cupertino and Irvine, California.
  • Successful integration of innovative financial products and services.
  • Continued commitment to community involvement and customer satisfaction.

Partnerships

Sterling Bancorp collaborates with various local and national partners to enhance its service offerings and reach.

Rhea-AI Summary
Sterling Bancorp reports Q3 2023 financial results, with net income of $0.3 million and net interest margin of 2.62%. The company completed redemption of all subordinated notes worth $65.0 million. The decrease in net income is due to a decrease in recovery of credit losses and absence of gains on the sale of loans. The company is developing a new plan to reposition the bank and is expecting significant time and expense.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.04%
Tags
-
Rhea-AI Summary
Sterling Bancorp, Inc. to release Q3 2023 financial results on October 25, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
Rhea-AI Summary
Sterling Bancorp, Inc. has pleaded guilty to one count of securities fraud and has been ordered to pay $27.2 million in restitution. The company will also enhance its compliance program and provide periodic reports to the DOJ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
none
-
Rhea-AI Summary
Sterling Bancorp, Inc. (NASDAQ: SBT) will release its financial results for the second quarter of 2023 on July 26. A conference call and webcast will be held at 11 a.m. ET to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
-
Rhea-AI Summary
Sterling Bancorp, Inc. completes sale of nonperforming residential real estate loans, generating $36.1 million in net proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
Tags
Rhea-AI Summary

Sterling Bancorp, Inc. (NASDAQ: SBT) announced it will release its financial results for Q1 2023 before market open on May 1, 2023. A conference call and webcast to discuss the results will take place on the same day at 11 a.m. ET. For telephonic access, U.S. callers can dial (833) 535-2201, while international callers should use (412) 902-6744. A telephone replay will be available until May 8, 2023. The webcast can be accessed through the Company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags

FAQ

What is the current stock price of Sterling Bancorp (SBT)?

The current stock price of Sterling Bancorp (SBT) is $4.76 as of December 20, 2024.

What is the market cap of Sterling Bancorp (SBT)?

The market cap of Sterling Bancorp (SBT) is approximately 249.5M.

What is Sterling Bancorp's primary business?

Sterling Bancorp's primary business is operating its subsidiary, Sterling Bank, which offers a range of loan products and retail banking services.

When was Sterling Bancorp founded?

Sterling Bancorp was originally chartered in 1984 as Sterling Savings and Loan Association.

What types of loans does Sterling Bank offer?

Sterling Bank offers construction loans, residential real estate loans, commercial real estate loans, commercial lines of credit, and other consumer loans.

How many branches does Sterling Bank have?

Sterling Bank operates 18 neighborhood branches in the San Francisco Bay Area and one branch in Alhambra, California.

What services does Sterling Bancorp provide?

Sterling Bancorp provides saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfers, treasury and cash management, and various loan products.

Where is Sterling Bank planning to open new branches?

Sterling Bank is planning to open new branches in Cupertino and Irvine, California.

What is the mission of Sterling Bancorp?

Sterling Bancorp's mission is to create exceptional value for customers, employees, investors, and the community through innovative and creative financial products and services.

When did Sterling Bancorp rebrand to Sterling Bank and Trust, FSB?

Sterling Bancorp rebranded to Sterling Bank and Trust, FSB in 1992.

What geographical areas does Sterling Bank serve?

Sterling Bank serves the San Francisco Bay Area and Los Angeles, with expansion plans in Cupertino and Irvine, California.

What sets Sterling Bancorp apart from other banks?

Sterling Bancorp stands out for its commitment to delivering superior financial solutions that exceed customer expectations and its strong community involvement.

Sterling Bancorp, Inc.

Nasdaq:SBT

SBT Rankings

SBT Stock Data

249.53M
16.86M
66.98%
27.45%
0.56%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
SOUTHFIELD