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Sterling Bancorp Inc - SBT STOCK NEWS

Welcome to our dedicated news page for Sterling Bancorp (Ticker: SBT), a resource for investors and traders seeking the latest updates and insights on Sterling Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sterling Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sterling Bancorp's position in the market.

News
Sterling Bancorp Reports First Quarter 2024 Financial Results
Rhea-AI Summary
Sterling Bancorp, Inc. (NASDAQ: SBT) reported its first quarter 2024 financial results, including a net loss of $(0.2) million, a net interest margin of 2.52%, nonperforming loans of $9.3 million, and total deposits of $2.0 billion. The company's consolidated leverage ratio was 14.10%, and the provision for credit losses was $41 thousand. Despite challenges in the financial environment, Sterling remains focused on maintaining credit quality, liquidity, and capital levels.
Rhea-AI Impact
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Sterling Bancorp, Inc. to Announce First Quarter 2024 Financial Results on Wednesday, April 24, 2024
Rhea-AI Summary
Sterling Bancorp, Inc. (NASDAQ: SBT) will release its first quarter 2024 financial results on April 24, 2024, followed by a conference call and webcast to discuss the results. The Company's financial performance will be under scrutiny during this event, providing insights into its operations and future outlook.
Rhea-AI Impact
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End-of-Day
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Sterling Bancorp Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Sterling Bancorp, Inc. (SBT) reported net income of $5.1 million for Q4 and $7.4 million for the full year of 2023. The company's net interest margin was 2.52% for Q4 and 2.68% for the full year. Nonperforming assets were $9.0 million, or 0.37% of total assets. Total gross loans declined to $1.3 billion. Total deposits were $2.0 billion. Shareholders’ equity was $327.7 million. The company's leverage ratio was 13.95% and the Bank’s leverage ratio was 13.38%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
earnings
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Sterling Bancorp, Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results on Wednesday, January 24, 2024
Rhea-AI Summary
Sterling Bancorp, Inc. (NASDAQ: SBT) to Hold Conference Call and Webcast to Discuss Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
earnings
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Sterling Bank and Trust Teams Up with Rocket Mortgage to Offer Bank Customers Access to Rocket’s Award-Winning Home Loan Experience
Rhea-AI Summary
Sterling Bank and Trust, F.S.B. has announced a partnership with Rocket Mortgage to offer fully digital home loan experiences to Sterling customers. Rocket Mortgage, known for its client service, has earned 21 accolades from J.D. Power for client satisfaction. Through this partnership, Sterling customers will receive dedicated resources and discounts on loan costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.71%
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Sterling Bancorp Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Sterling Bancorp reports Q3 2023 financial results, with net income of $0.3 million and net interest margin of 2.62%. The company completed redemption of all subordinated notes worth $65.0 million. The decrease in net income is due to a decrease in recovery of credit losses and absence of gains on the sale of loans. The company is developing a new plan to reposition the bank and is expecting significant time and expense.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.04%
Tags
earnings
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Sterling Bancorp, Inc. to Announce Third Quarter 2023 Financial Results on Wednesday, October 25, 2023
Rhea-AI Summary
Sterling Bancorp, Inc. to release Q3 2023 financial results on October 25, 2023
Rhea-AI Impact
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End-of-Day
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earnings
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Sterling Bancorp Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
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earnings
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Sterling Bancorp, Inc. Plea Agreement with DOJ Receives Final Court Approval
Rhea-AI Summary
Sterling Bancorp, Inc. has pleaded guilty to one count of securities fraud and has been ordered to pay $27.2 million in restitution. The company will also enhance its compliance program and provide periodic reports to the DOJ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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Sterling Bancorp, Inc. to Announce Second Quarter 2023 Financial Results on Wednesday, July 26, 2023
Rhea-AI Summary
Sterling Bancorp, Inc. (NASDAQ: SBT) will release its financial results for the second quarter of 2023 on July 26. A conference call and webcast will be held at 11 a.m. ET to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
earnings
Stock SBT logo
Sterling Bancorp Inc

Nasdaq:SBT

SBT Rankings

#3583 Ranked by Market Cap
#3138 Ranked by Stock Gains
N/A Ranked by Dividends

SBT Stock Data

237.44M
14.39M
49.47%
27.24%
0.39%
Savings Institutions
Finance and Insurance
Link
United States
Southfield

About SBT

sterling bank & trust was originally chartered in 1984 as sterling savings and loan association with a focus on residential mortgage lending in the neighborhoods we serve. in 1990, our growth led to the development of the commercial real estate lending division. in 1992, we became sterling bank and trust, fsb, with the addition of the trust division. a key part of bay area neighborhoods and now los angeles, sterling has 18 neighborhood branches in the san francisco bay area, and one branch in alhambra, california. we continue to expand, and anticipate branches opening in cupertino and irvine, california in the near future. our mission is to create exceptional value for customers, employees, investors and the community through innovative and creative products, services and activities; and to profitably grow as an independent, national company by providing superior financial solutions that exceed customer expectations.