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STERLING BANCP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/20159/30/20149/30/20139/30/20129/30/2011
Loans882.871,029.371,006.50570.76390.85292.50202.98107.8191.0189.50
Taxable securities73.7994.82115.9765.2842.5439.3730.0717.5116.5414.49
Securities--------------------
Non-taxable securities49.9255.8061.0637.2523.6712.0810.455.686.507.44
Other earning assets7.4422.5524.949.174.504.203.401.060.991.18
Total Interest Income1,014.021,202.541,208.47682.45461.55348.14246.91132.06115.04112.61
Deposits105.56192.36130.1056.1133.1917.488.965.925.586.10
Borrowings43.5491.26110.9750.2024.0919.4519.9513.9712.9915.22
Total interest expense149.10283.62241.07106.3157.2836.9328.9219.8918.5721.32
Net Interest Income864.92918.92967.40576.14404.27311.22217.99112.1796.4691.29
Provision For Loan/Credit Losses251.6845.9946.0026.0020.0015.7019.1012.1510.6116.58
Provision for credit losses - held to maturity securities0.70------------------
Net Interest Income After Loan Loss Provision612.54872.94921.40550.14384.27295.52198.89100.0285.8574.71
Title insurance fees------------------1.22
Loan fees and late charges39.5424.1316.1811.649.524.87--------
Investment management fees6.667.317.792.933.712.402.212.413.143.08
Accounts receivable / factoring commissions and other fees21.8523.8422.7717.8017.7017.0913.15------
Deposit fees and service charges23.9026.4026.8317.1315.1715.8715.6010.9611.3810.81
Banking fees and service charges--------------------
Net gain on sale of securities available for sale9.43(6.91)(10.79)(0.34)7.524.840.647.3910.4510.01
Net gain on security calls4.88------------------
Net gain on sales of loans----------------1.901.03
Gain on sale of residential mortgage loans--8.31----------------
Mortgage Banking Income----------11.418.091.98----
Other non-interest (loss) income9.0215.3012.967.2411.541.054.612.953.232.03
Bank owned life insurance20.2920.6715.657.825.835.243.082.002.052.05
Gain on sale of premises and equipment----11.800.00------------
Previously unrecognized low income housing partnership investment--------------------
Gain on termination of pension plan--11.82----------------
Fair value loss on interest rate caps--------------------
Other than temporary impairment (credit loss)------------------(0.28)
Total Non Interest Income135.56130.87103.2064.2070.9962.7547.3727.6932.1529.95
Salaries, Compensation and employee benefits222.07215.77220.34150.25125.92104.9490.2247.8346.0443.66
Stock-based compensation plans23.0119.4712.988.116.524.583.702.241.191.16
Advertising and promotion--------------------
Occupancy and office operations59.3664.3668.5443.6534.4932.9227.7314.9514.4614.51
FDIC insurance and regulatory assessments13.0412.6620.4911.978.247.386.153.013.102.91
Amortization of intangible assets16.8019.1823.6513.0112.4210.049.411.301.251.43
Other real estate owned (income) expense, net1.720.621.653.422.050.27(0.24)1.56----
Merger integration costs------39.230.2717.089.462.775.930.26
Charge for asset write-downs, retention and severance compensation--8.484.40105.114.4929.05--------
Impairment related to financial centers and real estate consolidation strategy13.3114.408.74--------------
Other65.4653.8443.2239.2334.9340.6857.9217.3818.3925.02
Professional fees24.8919.5213.37--------------
Foreclosed property expense----------------1.621.17
Data and check processing--------------------
ATM/debit card expense--------------------
Establishment of charitable foundation--------------------
Stationery and office supplies--------------------
Information technology33.3135.5841.1719.398.87----------
Defined benefit settlement charge / CEO transition----------13.384.10------
Restructuring charge (severance / branch relocation)--------------------
Loss on extinguishment of FHLB borrowings19.46(0.05)(0.17)--9.73----------
Total Non-Interest expense492.43463.84458.37433.38247.90260.32208.4391.0491.9690.11
Income before income tax expense255.67539.97566.23180.97207.3597.9537.8336.6726.0514.55
CURRENT TAX EXPENSE:Federal51.614.1344.814.3855.4225.6311.619.155.541.91
CURRENT TAX EXPENSE:State26.7827.6217.262.1812.855.861.601.550.690.78
Income tax expense29.90112.93118.9887.9467.3831.8410.1511.416.162.81
Deferred tax expense (benefit):Federal(35.46)72.0338.6671.54(1.07)(1.41)(2.75)0.52(0.26)0.28
Deferred tax expense (benefit):State(13.04)9.1518.249.850.181.75(0.31)0.200.20(0.16)
Net income (loss)225.77427.04447.2593.03139.9766.11--------
Preferred stock dividend7.887.937.982.00------------
Net income (loss) available to common shareholders217.89419.11439.2891.03139.9766.1127.6825.2519.8911.74
Net Earnings Per Share (Basic)1.122.041.960.581.070.600.340.580.520.31
Net Earnings Per Share (Diluted)1.122.031.950.581.070.600.340.580.520.31
Weighted Average Shares Outstanding (Basic)194.08205.68224.30157.51130.61109.9180.2743.7338.2337.45
Weighted Average Shares Outstanding (Diluted)194.39206.13224.82158.12131.23110.3380.5343.7838.2537.45