Sterling Bancorp, Inc. financial data

Symbol
SBT on Nasdaq
Industry
Savings Institution, Federally Chartered
Location
One Towne Square, Suite 1900, Southfield, Michigan
State of incorporation
Michigan
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 661 % +0.4%
Return On Equity 2.4 %
Return On Assets 0.31 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 52 M shares +2.43%
Common Stock, Shares, Outstanding 52 M shares +2.44%
Entity Public Float 95.3 M USD +6.72%
Common Stock, Value, Issued 84.3 M USD +1.23%
Weighted Average Number of Shares Outstanding, Basic 50.8 M shares +0.79%
Weighted Average Number of Shares Outstanding, Diluted 50.8 M shares +0.79%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 10.8 M USD +46.1%
Income Tax Expense (Benefit) 3.1 M USD -27.7%
Net Income (Loss) Attributable to Parent 7.72 M USD +60.8%
Earnings Per Share, Basic 0.16 USD/shares
Earnings Per Share, Diluted 0.16 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Deferred Income Tax Assets, Net 18.2 M USD -9.1%
Property, Plant and Equipment, Net 5.21 M USD -15.2%
Operating Lease, Right-of-Use Asset 12.4 M USD -11.2%
Assets 2.41 B USD +0.13%
Liabilities 2.09 B USD -0.42%
Accumulated Other Comprehensive Income (Loss), Net of Tax -16 M USD +4.43%
Retained Earnings (Accumulated Deficit) 242 M USD +3.3%
Stockholders' Equity Attributable to Parent 327 M USD +3.73%
Liabilities and Equity 2.41 B USD +0.13%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.88 M USD -11.6%
Net Cash Provided by (Used in) Financing Activities 1.65 M USD
Net Cash Provided by (Used in) Investing Activities 70.4 M USD -6.33%
Common Stock, Shares Authorized 500 M shares 0%
Common Stock, Shares, Issued 52 M shares +2.44%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 68.2 M USD +73%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 646 M USD +54.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 18.1 M USD +58.7%
Deferred Tax Assets, Valuation Allowance 158 K USD +31.7%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 21.1 M USD -27.4%
Operating Lease, Liability 13.4 M USD -11.1%
Payments to Acquire Property, Plant, and Equipment 63 K USD -66.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 8.46 M USD -142%
Lessee, Operating Lease, Liability, to be Paid 13.3 M USD -22.4%
Property, Plant and Equipment, Gross 23.9 M USD +1.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.31 M USD -13.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.01 M USD -1.88%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Deferred Income Tax Expense (Benefit) 4.78 M USD +40.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 781 K USD -33.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.49 M USD -23.6%
Deferred Tax Assets, Operating Loss Carryforwards 1.13 M USD +450%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 3.29 M USD +1.2%
Current Income Tax Expense (Benefit) 1.85 M USD -70.4%
Preferred Stock, Shares Authorized 10 M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.7 M USD -31.6%
Operating Lease, Payments 4.09 M USD -0.58%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) -1.02 M USD -574%
Current Federal Tax Expense (Benefit) -760 K USD -146%
Deferred Tax Assets, Net of Valuation Allowance 20.9 M USD -27.6%
Deferred State and Local Income Tax Expense (Benefit) 1.63 M USD +6.94%
Interest Expense 68.4 M USD +134%