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STERLING BANCP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/20159/30/20149/30/20139/30/2012
Loans805.16882.871,029.371,006.50570.76390.85292.50202.98107.8191.01
Taxable securities--73.7994.82115.9765.2842.5439.3730.0717.5116.54
Securities62.08------------------
Non-taxable securities46.6049.9255.8061.0637.2523.6712.0810.455.686.50
Other earning assets4.087.4422.5524.949.174.504.203.401.060.99
Total Interest Income917.921,014.021,202.541,208.47682.45461.55348.14246.91132.06115.04
Deposits27.93105.56192.36130.1056.1133.1917.488.965.925.58
Borrowings22.3543.5491.26110.9750.2024.0919.4519.9513.9712.99
Total interest expense50.29149.10283.62241.07106.3157.2836.9328.9219.8918.57
Net Interest Income867.63864.92918.92967.40576.14404.27311.22217.99112.1796.46
Provision For Loan/Credit Losses(4.00)251.6845.9946.0026.0020.0015.7019.1012.1510.61
Provision for credit losses - held to maturity securities(1.15)0.70----------------
Net Interest Income After Loan Loss Provision872.78612.54872.94921.40550.14384.27295.52198.89100.0285.85
Title insurance fees--------------------
Loan fees and late charges37.1439.5424.1316.1811.649.524.87------
Investment management fees7.466.667.317.792.933.712.402.212.413.14
Accounts receivable / factoring commissions and other fees23.4121.8523.8422.7717.8017.7017.0913.15----
Deposit fees and service charges29.4223.9026.4026.8317.1315.1715.8715.6010.9611.38
Banking fees and service charges--------------------
Net gain on sale of securities available for sale2.369.43(6.91)(10.79)(0.34)7.524.840.647.3910.45
Net gain on security calls0.614.88----------------
Net gain on sales of loans------------------1.90
Gain on sale of residential mortgage loans----8.31--------------
Mortgage Banking Income------------11.418.091.98--
Other non-interest (loss) income15.669.0215.3012.967.2411.541.054.612.953.23
Bank owned life insurance19.9820.2920.6715.657.825.835.243.082.002.05
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)--------------------
Total Non Interest Income136.04135.56130.87103.2064.2070.9962.7547.3727.6932.15
Salaries, Compensation and employee benefits231.86222.07215.77220.34150.25125.92104.9490.2247.8346.04
Stock-based compensation plans28.9123.0119.4712.988.116.524.583.702.241.19
Advertising and promotion--------------------
Occupancy and office operations56.3459.3664.3668.5443.6534.4932.9227.7314.9514.46
FDIC insurance and regulatory assessments11.0013.0412.6620.4911.978.247.386.153.013.10
Amortization of intangible assets15.1016.8019.1823.6513.0112.4210.049.411.301.25
Other real estate owned (income) expense, net(0.15)1.720.621.653.422.050.27(0.24)1.56--
Merger integration costs14.75------39.230.2717.089.462.775.93
Charge for asset write-downs, retention and severance compensation----8.484.40105.114.4929.05------
Impairment related to financial centers and real estate consolidation strategy3.8013.3114.408.74------------
Other63.7165.4653.8443.2239.2334.9340.6857.9217.3818.39
Professional fees28.5824.8919.5213.37------------
Foreclosed property expense------------------1.62
Data and check processing--------------------
ATM/debit card expense--------------------
Establishment of charitable foundation--------------------
Stationery and office supplies--------------------
Information technology40.7233.3135.5841.1719.398.87--------
Defined benefit settlement charge / CEO transition------------13.384.10----
Restructuring charge (severance / branch relocation)--------------------
Loss on extinguishment of FHLB borrowings1.2419.46(0.05)(0.17)--9.73--------
Total Non-Interest expense495.85492.43463.84458.37433.38247.90260.32208.4391.0491.96
Income before income tax expense512.97255.67539.97566.23180.97207.3597.9537.8336.6726.05
CURRENT TAX EXPENSE:Federal--51.614.1344.814.3855.4225.6311.619.155.54
CURRENT TAX EXPENSE:State--26.7827.6217.262.1812.855.861.601.550.69
Income tax expense108.2329.90112.93118.9887.9467.3831.8410.1511.416.16
Deferred tax expense (benefit):Federal--(35.46)72.0338.6671.54(1.07)(1.41)(2.75)0.52(0.26)
Deferred tax expense (benefit):State--(13.04)9.1518.249.850.181.75(0.31)0.200.20
Net income (loss)404.74225.77427.04447.2593.03139.9766.11------
Preferred stock dividend7.837.887.937.982.00----------
Net income (loss) available to common shareholders396.91217.89419.11439.2891.03139.9766.1127.6825.2519.89
Net Earnings Per Share (Basic)2.071.122.041.960.581.070.600.340.580.52
Net Earnings Per Share (Diluted)2.071.122.031.950.581.070.600.340.580.52
Weighted Average Shares Outstanding (Basic)191.59194.08205.68224.30157.51130.61109.9180.2743.7338.23
Weighted Average Shares Outstanding (Diluted)191.96194.39206.13224.82158.12131.23110.3380.5343.7838.25