Financial Snapshot

Revenue
$101.5M
TTM
Gross Margin
Net Earnings
$6.039M
TTM
Current Assets
Current Liabilities
$11.75M
Q3 2024
Current Ratio
Total Assets
$2.439B
Q3 2024
Total Liabilities
$2.104B
Q3 2024
Book Value
$334.6M
Q3 2024
Cash
Q3 2024
P/E
41.75
Nov 29, 2024 EST
Free Cash Flow
$1.254M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $126.8M $99.93M $116.5M $151.4M $175.4M $161.8M
YoY Change 26.88% -14.25% -23.01% -13.69% 8.41%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $126.8M $99.93M $116.5M $151.4M $175.4M $161.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.331M $1.541M $1.750M $1.610M $1.620M $1.850M $1.640M $1.510M $1.570M
YoY Change -13.63% -11.94% 8.7% -0.62% -12.43% 12.8% 8.61% -3.82%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $61.83M $21.13M $25.36M $45.60M $54.39M $41.67M
YoY Change 192.62% -16.68% -44.38% -16.16% 30.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income $10.56M -$7.565M $33.03M -$18.88M $44.89M $88.57M $70.40M $56.40M $37.80M
YoY Change -239.62% -122.9% -275.0% -142.05% -49.32% 25.81% 24.82% 49.21% 28.14%
Income Tax $3.149M $6.629M $9.643M -$5.909M $15.64M $25.10M $32.50M $23.20M $15.30M
% Of Pretax Income 29.81% 29.19% 34.85% 28.34% 46.16% 41.13% 40.48%
Net Earnings $7.413M -$14.19M $23.39M -$12.97M $29.25M $63.47M $38.00M $33.20M $22.50M
YoY Change -152.23% -160.68% -280.38% -144.33% -53.92% 67.02% 14.46% 47.56% 27.12%
Net Earnings / Revenue 5.85% -14.2% 20.07% -8.57% 16.68% 39.23%
Basic Earnings Per Share $0.15 -$0.28 $0.47 -$0.26 $0.57 $1.20
Diluted Earnings Per Share $0.15 -$0.28 $0.47 -$0.26 $0.57 $1.20 $822.5K $626.4K $424.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $16.88M $21.10M $25.60M $27.70M $27.90M $9.500M $7.000M $5.900M $4.900M
YoY Change -19.98% -17.57% -7.58% -0.72% 193.68% 35.71% 18.64% 20.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.96M $23.70M $21.40M $24.30M $12.10M $6.100M $6.800M $9.500M $8.800M
YoY Change -28.46% 10.77% -11.93% 100.83% 98.36% -10.29% -28.42% 7.95%
Total Long-Term Assets
YoY Change
Total Assets $2.416B $2.445B $2.877B $3.914B $3.245B $3.197B $2.962B $2.164B $1.712B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $12.54M $44.56M $56.10M $112.1M $122.7M $51.00M $40.70M $28.60M $19.50M
YoY Change -71.87% -20.57% -49.96% -8.64% 140.59% 25.31% 42.31% 46.67%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.54M $44.56M $56.10M $112.1M $122.7M $51.00M $40.70M $28.60M $19.50M
YoY Change -71.87% -20.57% -49.96% -8.64% 140.59% 25.31% 42.31% 46.67%
Long-Term Debt $0.00 $65.27M $65.30M $65.30M $65.20M $65.00M $64.90M $49.30M $0.00
YoY Change -100.0% -0.04% 0.0% 0.15% 0.31% 0.15% 31.64%
Other Long-Term Liabilities $21.76M
YoY Change
Total Long-Term Liabilities $21.76M $65.27M $65.30M $65.30M $65.20M $65.00M $64.90M $49.30M $0.00
YoY Change -66.67% -0.04% 0.0% 0.15% 0.31% 0.15% 31.64%
Total Liabilities $2.088B $2.114B $2.533B $3.595B $2.912B $2.862B $2.689B $2.001B $1.576B
YoY Change -1.21% -16.55% -29.53% 23.42% 1.77% 6.43% 34.35% 27.01%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 50.63M 50.35M 50.05M 49.84M 51.12M 52.96M
Diluted Shares Outstanding 50.78M 50.35M 50.14M 49.84M 51.13M 52.97M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $252.15 Million

About Sterling Bancorp, Inc.

Sterling Bancorp, Inc. is a holding company, which engages in the provision of financial services. The company is headquartered in Southfield, Michigan and currently employs 248 full-time employees. The company went IPO on 2017-11-17. The company operates through Sterling Bank and Trust, F.S.B. (the Bank). The Bank originates commercial real estate loans and commercial and industrial loans, and provides deposit products, including checking, savings and term certificate accounts. The company also engages in mortgage banking activities and, as such, acquires, sells and services residential mortgage loans. The company offers a variety of commercial loan products, such as commercial real estate loans, construction loans and commercial and industrial loans. The company offers traditional depository products, including checking, savings, money market, individual retirement accounts and certificates of deposits, to individuals and businesses throughout its market areas. The company operates through a network of 27 branches, of which 25 branches are located in the San Francisco and Los Angeles, California metropolitan areas, with the remaining branches located in New York, New York and Southfield, Michigan.

Industry: Savings Institution, Federally Chartered Peers: Blue Foundry Bancorp FEDERAL HOME LOAN MORTGAGE CORP HOME BANCORP, INC. Home Point Capital Inc. Pioneer Bancorp, Inc./MD Ponce Financial Group, Inc. Provident Bancorp, Inc. /MD/ Rocket Companies, Inc. Waterstone Financial, Inc. Velocity Financial, Inc.