Sterling Bancorp, Inc. (Southfield, MI) (SBT)

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About Sterling Bancorp, Inc. (Southfield, MI)

Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B. that provides community banking services to individual and business customers. It offers checking, savings, and money market accounts, as well as IRAs and certificates of deposit; and one- to four-family residential, commercial, commercial real estate, construction, and consumer loans, as well as commercial lines of credit. The company also provides investment management, wealth management, and retail banking services. As of December 31, 2019, it operated through a network of 30 branches in San Francisco and Los Angeles, California; New York, New York; Southfield, Michigan; and the greater Seattle market. The company was founded in 1984 and is headquartered in Southfield, Michigan. Address: One Towne Square, Southfield, MI, United States, 48076

Sterling Bancorp, Inc. (Southfield, MI) News and around…

Latest news about Sterling Bancorp, Inc. (Southfield, MI) (SBT) common stock and company :

Sterling Bancorp (Southfield MI)'s (NASDAQ:SBT) investors will be pleased with their respectable 50% return over the last year
18 May, 2022 Yahoo! Finance

Passive investing in index funds can generate returns that roughly match the overall market. But investors can boost...

Webster Financial (WBS) Rides on Acquisitions Despite High Debt
13 May, 2022 Yahoo! Finance

Webster Financial's (WBS) buyouts have aided deposit and revenue growth. However, high debt and low cash balance are worrisome.

Sterling Bancorp, Inc. (SBT) Q1 2022 Earnings Call Transcript
02 May, 2022 FinancialContent

SBT earnings call for the period ending March 31, 2022.

Sterling Bancorp (SBT) Surpasses Q1 Earnings and Revenue Estimates
02 May, 2022 Yahoo! Finance

Sterling Bancorp (SBT) delivered earnings and revenue surprises of 150% and 0.37%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp: Q1 Earnings Insights
02 May, 2022 FinancialContent

Sterling Bancorp (NASDAQ:SBT) reported its Q1 earnings results on Monday, May 2, 2022 at 08:00 AM. Here's what ...

Sterling Bancorp Reports First Quarter 2022 Financial Results
02 May, 2022 FinancialContent

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the first quarter ended March 31, 2022.

Earnings Scheduled For May 2, 2022
02 May, 2022 FinancialContent

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Earnings Outlook For Sterling Bancorp
29 Apr, 2022 FinancialContent

Sterling Bancorp (NASDAQ:SBT) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to ...

Webster Financial (WBS) Q1 Earnings and Revenues Surpass Estimates
28 Apr, 2022 Yahoo! Finance

Webster Financial (WBS) delivered earnings and revenue surprises of 6.90% and 2.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Earnings Preview: Sterling Bancorp (SBT) Q1 Earnings Expected to Decline
25 Apr, 2022 Yahoo! Finance

Sterling Bancorp (SBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Farmers & Merchants Bancorp Inc. (FMAO) Beats Q1 Earnings and Revenue Estimates
20 Apr, 2022 Yahoo! Finance

Farmers & Merchants Bancorp Inc. (FMAO) delivered earnings and revenue surprises of 10.71% and 0.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp, Inc. to Announce First Quarter Financial Results on Monday, May 2
18 Apr, 2022 FinancialContent

SBT announce earning release date

Unity Bancorp (UNTY) Q1 Earnings Top Estimates
14 Apr, 2022 Yahoo! Finance

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 4.94% and 1.13%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp Revises Fourth Quarter and Full Year 2021 Financial Results
31 Mar, 2022 FinancialContent

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today revised its unaudited financial results for its fourth quarter and year ended December 31, 2021 in connection with the filing of its Annual Report on Form 10-K. Subsequent to the Company’s press release issued on February 3, 2022, the Company entered into an agreement with a third-party purchaser to sell a pool of its commercial real estate loans. The loans had been reclassified as held for sale and written down to fair value as of year-end. The Company later determined that the timing of the measurement of the commercial real estate loans at fair value relative to their sale indicated the estimated fair value of the loans at year-end should have been higher. Accordingly, the Company has revised its fair value estimate of the sold commercial real estate loans to correspond to their sale price. The net result of this change was to increase net income for the three months and year ended December 31, 2021 to $8.1 million and $23.4 million, respectively. The revision of the fair value of the sold loans at year-end also results in changing our allowance for loan losses at December 31, 2021 to $56.5 million and our provision (recovery) for loan losses to ($6.1 million) and ($8.3 million) for the three months and year ended December 31, 2021, respectively. The material resulting revisions to the Company’s financial highlights for the fourth quarter and full year ended December 31, 2021 are below.

Appointment of New Independent Directors, Michael Donahue and Eboh Okorie
25 Mar, 2022 FinancialContent

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced that on March 24, 2022, the Company appointed Mr. Michael Donahue and Mr. Eboh “Duke” Okorie to the Board of Directors of the Company (the “Board”), effective immediately. Mr. Donahue and Mr. Okorie will serve as directors until the 2022 annual meeting of the shareholders of the Company (the “2022 Annual Meeting”) and until their respective successors are duly elected and qualified or their earlier resignation or removal. Mr. Donahue and Mr. Okorie have been nominated for re-election by the Company’s shareholders at the 2022 Annual Meeting. Mr. Donahue and Mr. Okorie have also been appointed to the Board of Directors of the Bank, subject to the receipt of appropriate regulatory approvals and non-objections.

Sterling Bancorp (SBT) Stock Jumps 5.3%: Will It Continue to Soar?
21 Mar, 2022 Yahoo! Finance

Sterling Bancorp (SBT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

LBank Exchange Will List Sun Block Terminal (SBT) on March 22, 2022
20 Mar, 2022 FinancialContent
Stocks That Hit 52-Week Highs On Thursday
03 Mar, 2022 FinancialContent

On Thursday, 95 companies set new 52-week highs. Interesting Highlights From Today's 52-Week Highs: The largest ...

Sterling Announces Completion of Sale of Commercial Real Estate Loans
01 Mar, 2022 FinancialContent

Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the completion of the sale of a pool of its commercial real estate loans to a third-party purchaser. The pool consisted of 21 loans with an aggregate outstanding principal balance of approximately $56.8 million at December 31, 2021. The commercial real estate loans sold are primarily secured by single-room occupancy hotel properties.

7 Reasons Why It's Worth Betting on Webster (WBS) Stock Now
22 Feb, 2022 Yahoo! Finance

Webster Financial's (WBS) organic and inorganic growth efforts, along with cost-control and sound capital-deployment activities, make it worth betting on.

How Much Of Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) Do Insiders Own?
17 Feb, 2022 Yahoo! Finance

A look at the shareholders of Sterling Bancorp, Inc. (Southfield, MI) ( NASDAQ:SBT ) can tell us which group is most...

Sterling Announces Sale of Commercial Real Estate Loans
17 Feb, 2022 FinancialContent

Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), today announced that the Bank has entered into an agreement with a third-party purchaser to sell a pool of its commercial real estate loans. The pool consists of 21 loans with an aggregate outstanding principal balance of approximately $56.8 million at December 31, 2021. The loans were reclassified as held for sale and written down to fair value as of year-end, and we will receive $4.4 million in excess of their carrying amount in connection with their sale. The commercial real estate loans being sold are primarily secured by single-room occupancy hotel properties. The closing of this transaction is subject to customary closing conditions.

Sterling Bancorp, Inc. (SBT) Q4 2021 Earnings Call Transcript
03 Feb, 2022 FinancialContent

SBT earnings call for the period ending December 31, 2021.

Sterling Bancorp (SBT) Q4 Earnings and Revenues Top Estimates
03 Feb, 2022 Yahoo! Finance

Sterling Bancorp (SBT) delivered earnings and revenue surprises of 66.67% and 11.37%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Sterling Bancorp: Q4 Earnings Insights
03 Feb, 2022 FinancialContent

Sterling Bancorp (NASDAQ:SBT) reported its Q4 earnings results on Thursday, February 3, 2022 at 08:00 AM. Here's what ...

Sterling Bancorp Reports Fourth Quarter and Full Year 2021 Financial Results
03 Feb, 2022 FinancialContent

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its financial results for the quarter and year ended December 31, 2021.

Earnings Scheduled For February 3, 2022
03 Feb, 2022 FinancialContent

Companies Reporting Before The Bell • Tuesday Morning (NASDAQ:TUEM) is likely to report earnings for its second ...

Sterling Bancorp, Inc. to Announce Fourth Quarter Financial Results on Thursday, February 3
26 Jan, 2022 FinancialContent

Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the fourth quarter ended December 31, 2021 prior to market open on Thursday, February 3, 2022.

Stocks That Hit 52-Week Highs On Monday
24 Jan, 2022 FinancialContent

On Monday, 8 stocks made new 52-week highs. Noteworthy Points From Today's 52-Week Highs: British ...

12 Financials Stocks Moving In Friday's Intraday Session
21 Jan, 2022 FinancialContent

Gainers AMTD International (NYSE:HKIB) shares increased by 19.1% to $5.6 during Friday's regular session. As of ...

Sterling Bancorp, Inc. (Southfield, MI) (SBT) is a NASDAQ Common Stock listed in , ,

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