Sterling Bancorp Inc - Understand $sbt stock

$SBT Market Cap: $252.1 Million

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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

$710.4M

Q3 2024

P/E

41.75

Nov 11, 2024 EST

Free Cash Flow

-$1.448M

TTM

Revenues

Revenue YoY Change

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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
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

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

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

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
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

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

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 Ponce Financial Group Inc Provident Bancorp Inc (Maryland) Rocket Companies, Inc. Waterstone Financial Inc Velocity Financial, Inc.