Sterling bancorp (STL)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Interest and dividend income:
Loans and loan fees

1,004,513

1,029,369

1,033,409

1,036,206

1,032,176

1,006,496

980,532

843,219

700,806

570,761

440,960

421,565

406,383

390,847

375,902

363,173

326,259

292,496

259,658

227,677

222,122

217,163

203,582

175,512

147,961

124,027

107,810

104,483

100,157

95,932

91,010

88,609

88,558

88,444

89,500

90,898

0

0

0

Securities taxable

87,605

94,823

104,570

112,358

116,757

115,971

110,599

95,975

80,057

65,278

50,528

45,257

42,806

42,540

44,748

45,992

43,753

39,369

34,582

31,055

30,637

30,578

30,068

27,229

23,413

20,128

17,509

16,670

16,705

16,832

16,538

16,454

15,837

14,953

14,493

15,384

0

0

0

Securities non-taxable

53,942

55,802

57,874

59,627

60,607

61,062

59,253

52,551

44,939

37,245

31,119

29,328

27,408

23,669

19,641

16,059

13,088

12,076

11,801

11,498

11,349

11,156

10,452

8,821

7,570

6,386

5,682

5,990

6,071

6,180

6,497

6,740

6,988

7,290

7,441

7,692

0

0

0

Other earning assets

20,607

22,546

24,409

25,887

26,987

24,944

21,387

16,693

11,993

9,165

6,423

5,349

4,948

4,495

4,409

4,613

4,375

4,200

3,963

3,585

3,521

3,385

2,804

2,138

1,588

1,086

1,060

1,128

1,090

1,070

992

938

947

1,035

1,180

1,231

0

0

0

Total interest and dividend income

1,166,667

1,202,540

1,220,262

1,234,078

1,236,527

1,208,473

1,171,771

1,008,438

837,795

682,449

529,030

501,499

481,545

461,551

444,700

429,837

387,475

348,141

310,004

273,815

267,629

262,282

246,906

213,700

180,532

151,627

132,061

128,271

124,023

120,014

115,037

112,741

112,330

111,722

112,614

115,205

0

0

0

Interest expense:
Deposits

192,147

192,361

183,906

171,550

151,885

130,096

110,949

88,367

70,808

56,110

43,056

38,865

36,288

33,189

29,667

25,765

20,796

17,478

14,567

11,689

10,649

9,952

8,968

7,598

6,430

5,660

5,923

6,661

6,772

6,365

5,581

5,176

5,407

5,775

6,104

6,569

0

0

0

Borrowings

79,331

91,256

102,822

108,366

116,103

110,974

102,265

85,390

65,264

50,196

36,604

30,207

25,708

24,093

22,592

21,407

20,820

19,447

19,405

19,815

19,792

19,981

19,950

19,639

17,773

15,847

13,971

12,312

12,188

12,500

12,992

13,549

14,185

14,603

15,220

15,939

0

0

0

Total interest expense

271,478

283,617

286,728

279,916

267,988

241,070

213,214

173,757

136,072

106,306

79,660

69,072

61,996

57,282

52,259

47,172

41,616

36,925

33,972

31,504

30,441

29,933

28,918

27,237

24,203

21,507

19,894

18,973

18,960

18,865

18,573

18,725

19,592

20,378

21,324

22,508

0

0

0

Net interest income

895,189

918,923

933,534

954,162

968,539

967,403

958,557

834,681

701,723

576,143

449,370

432,427

419,549

404,269

392,441

382,665

345,859

311,216

276,032

242,311

237,188

232,349

217,988

186,463

156,329

130,120

112,167

109,298

105,063

101,149

96,464

94,016

92,738

91,344

91,290

92,697

0

0

0

Provision for credit losses - loans

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses - held to maturity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provisions for loan losses

-

-

45,900

41,700

-

46,000

47,500

43,000

34,500

26,000

19,500

20,000

20,500

20,000

20,000

19,500

17,600

15,700

13,200

13,550

16,400

19,100

19,100

16,450

14,400

12,200

12,150

12,950

11,362

11,612

10,612

15,896

17,184

16,434

16,584

10,550

0

0

0

Net interest income after provision for credit losses

721,124

872,938

887,634

912,462

925,339

921,403

911,057

791,681

667,223

550,143

429,870

412,427

399,049

384,269

372,441

363,165

328,259

295,516

262,832

228,761

220,788

213,249

198,888

170,013

141,929

117,920

100,017

96,348

93,701

89,537

85,852

78,120

75,554

74,910

74,706

82,147

0

0

0

Accounts payable factoring commissions and other related fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

mortgage bank income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Non-interest income:
Deposit fees and service charges

26,808

26,398

26,401

26,152

26,039

26,830

23,630

0

0

-

0

-

14,005

15,166

16,147

17,190

16,745

15,871

15,932

15,332

15,590

15,872

15,593

14,578

13,296

12,128

10,964

11,194

11,395

11,365

11,377

11,039

10,897

10,834

10,811

10,880

0

0

0

Accounts receivable management / factoring commissions and other fees

23,952

23,837

23,746

23,292

22,835

22,772

21,425

20,594

19,394

17,803

16,817

16,951

16,970

17,695

17,938

17,801

18,080

17,088

16,832

15,885

15,063

15,061

13,153

9,339

5,726

0

-

0

0

-

-

-

-

-

-

-

-

-

-

Total impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

Net impairment loss in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

0

0

-

0

-

-

-

Title insurance fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,224

1,285

0

0

0

Bank owned life insurance

22,047

20,670

19,960

15,627

15,678

15,651

15,064

12,651

10,060

7,816

5,675

6,246

5,875

5,832

6,291

5,693

5,486

5,235

4,467

3,965

3,711

3,364

3,080

2,791

2,467

2,229

1,998

2,008

2,030

2,041

2,050

2,052

2,022

2,073

2,049

2,038

0

0

0

Loan commissions and fees

31,315

24,129

19,498

17,355

16,613

16,181

15,109

13,786

12,056

11,637

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment management fees

7,252

7,305

7,609

7,794

7,865

7,790

7,992

6,320

4,522

2,928

1,391

2,206

2,817

3,710

4,021

3,779

3,161

2,397

1,923

1,525

1,890

2,072

2,209

2,436

2,368

2,248

2,413

2,516

2,705

3,083

3,143

3,100

3,113

3,102

3,080

3,103

0

0

0

Net gain (loss) on sale of securities

14,691

-6,905

-11,716

-18,654

-18,551

-10,788

-5,972

-5,937

-5,742

-344

-376

3,078

7,782

7,522

7,504

6,797

3,020

4,837

4,914

2,221

2,717

1,243

641

2,409

3,161

5,330

7,391

8,742

9,209

9,879

10,452

11,819

9,949

7,798

10,011

6,437

0

0

0

Net gain on called securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on termination of pension plan

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-13,384

-13,384

0

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of fixed assets

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of residential mortgage loans

0

8,313

8,313

8,313

8,313

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,634

1,065

925

1,027

906

0

0

0

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,284

10,087

10,250

11,405

11,501

10,705

10,102

9,328

8,086

6,355

4,935

0

-

0

0

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Derivative Instruments, Net, Pretax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Fair value (loss) gain on interest rate cap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other

15,832

15,301

15,051

13,395

13,495

12,961

11,511

10,581

8,988

7,235

7,294

8,940

10,435

11,538

5,939

4,540

2,560

1,049

5,057

4,477

4,651

5,189

4,558

3,858

3,001

2,171

2,947

3,503

3,879

4,026

3,233

2,531

2,335

2,201

2,027

2,176

0

0

0

Total non-interest income

158,594

130,865

120,962

93,277

104,087

103,197

104,480

94,323

70,073

64,202

56,518

61,569

68,393

70,987

70,993

70,756

64,171

62,751

60,626

54,110

53,724

52,129

47,320

41,634

34,744

29,181

27,692

30,118

31,516

32,635

32,152

32,182

29,420

27,244

29,951

26,176

0

0

0

Non-interest expense:
Compensation and benefits

214,652

215,766

217,991

219,964

221,650

220,340

221,608

198,512

173,747

150,254

126,367

127,141

127,083

125,916

123,726

120,463

111,794

104,939

97,480

90,352

91,066

93,164

91,565

81,864

69,803

56,345

47,833

48,297

47,822

47,412

46,038

43,294

43,571

43,359

43,662

44,594

0

0

0

Stock-based compensation plans

20,356

19,473

17,972

16,522

15,253

12,984

11,814

10,668

9,229

8,111

7,160

6,864

6,714

6,518

6,240

5,631

5,012

4,581

4,447

4,389

4,041

3,859

3,704

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Defined benefit settlement charge / CEO transition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Retirement benefit settlement charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,188

1,146

1,158

1,162

1,031

0

0

0

Occupancy and office operations

63,027

64,363

65,056

65,778

67,611

68,536

70,056

62,081

52,975

43,649

33,923

33,361

33,338

34,486

35,419

36,974

35,617

32,915

30,854

28,426

27,965

28,639

27,727

24,345

20,776

17,476

14,953

15,146

15,111

14,566

14,457

14,191

14,226

14,574

14,508

13,983

0

0

0

Advertising and promotion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,692

0

0

0

Professional fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,305

0

0

0

Information technology

34,923

35,580

35,027

37,181

38,131

41,174

44,399

36,212

28,636

19,387

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,616

0

0

0

Amortization of intangible assets

18,555

19,181

20,260

21,340

22,420

23,646

24,208

20,509

16,831

13,008

9,463

10,538

11,592

12,416

12,968

13,158

11,697

10,043

8,483

7,563

8,294

9,406

9,408

7,207

5,033

2,910

1,296

0

0

0

-

-

-

-

1,426

1,540

0

0

0

FDIC insurance and regulatory assessments

12,528

12,660

13,134

15,983

18,484

20,493

22,622

18,889

15,428

11,969

7,763

7,604

7,870

8,240

8,996

9,126

8,210

7,380

6,661

5,999

6,410

6,549

6,145

5,190

4,270

3,456

3,010

0

0

0

-

-

-

-

2,910

3,201

0

0

0

Other real estate owned expense, net

457

622

769

2,187

1,503

1,650

2,376

1,773

2,111

3,423

2,889

2,716

3,145

2,051

1,932

1,394

893

274

105

136

-785

-687

-238

-62

791

1,645

1,562

1,745

2,201

1,698

1,618

1,722

1,755

1,460

1,171

563

0

0

0

ATM/debit card expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,323

0

0

0

Business Combination, Acquisition Related Costs

-

-

-

-

-

-

-

-

-

39,232

9,002

4,893

3,127

265

264

264

14,889

17,079

17,582

17,582

2,957

890

9,456

10,170

11,686

11,840

2,772

2,509

1,292

0

-

0

0

-

-

0

-

-

-

Charge for asset write-downs, retention and severance

5,133

8,477

-5,392

-5,392

7,740

4,396

13,132

13,735

0

-

0

0

-

4,485

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,729

-9,729

0

0

-

0

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment related to financial centers and real estate consolidation strategy

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Integration Related Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Charge for asset write downs, retention, and severance compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Other

79,575

73,363

70,528

67,100

60,257

56,587

54,249

49,423

44,602

39,232

26,261

28,849

32,104

34,930

15,445

16,668

41,585

40,677

69,713

66,727

40,471

39,401

57,871

53,300

46,773

42,324

17,376

21,014

20,666

19,661

18,391

29,372

27,810

26,439

25,017

7,850

0

0

0

Total non-interest expense

463,558

463,837

458,307

463,625

461,613

458,370

599,201

550,045

484,774

433,375

239,699

239,338

239,321

247,902

248,250

257,309

283,328

260,318

248,709

221,174

180,419

181,221

208,381

187,968

164,853

141,469

91,041

96,458

95,831

93,782

91,957

87,555

89,062

89,563

90,111

86,470

0

0

0

Income before income tax expense

416,160

539,966

550,289

542,114

567,813

566,230

416,336

335,959

252,522

180,970

246,689

234,658

228,121

207,354

195,184

176,612

109,102

97,949

74,749

61,697

94,093

84,157

37,827

23,679

11,820

5,632

36,668

30,008

29,386

28,390

26,047

22,747

15,912

12,591

14,546

21,853

0

0

0

Income tax (benefit) expense

76,409

112,925

115,454

110,076

117,994

118,976

116,861

111,282

99,686

87,939

79,356

74,755

72,848

67,382

63,437

58,094

36,000

31,835

24,420

19,224

28,963

25,473

10,149

7,009

3,785

1,400

11,414

7,822

7,367

7,199

6,159

5,613

3,048

1,855

2,807

4,865

0

0

0

Net income

339,751

427,041

434,835

432,038

449,819

447,254

299,475

224,677

152,836

93,031

167,333

159,903

155,273

139,972

131,747

118,518

73,102

66,114

50,329

42,473

65,130

58,684

27,678

16,670

8,035

4,232

25,254

22,186

22,019

21,191

19,888

17,134

12,864

10,736

11,739

16,988

0

0

0

Preferred stock dividend

7,920

7,933

7,948

7,959

7,968

7,978

7,990

5,997

4,001

2,002

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available to common stockholders

331,831

419,108

426,887

424,079

441,851

439,276

291,485

218,680

148,835

91,029

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average common shares:
Basic (in shares)

196,344

199,539

203,090

206,932

213,157

222,294

225,088

225,084

224,730

224,226

135,346

135,317

135,163

132,137

130,239

130,081

129,974

131,052

129,172

91,565

87,839

83,831

83,105

83,066

83,497

70,493

43,754

43,801

43,743

43,637

41,074

37,302

37,280

37,252

37,393

37,368

37,496

37,552

38,086

Diluted (in shares)

196,709

200,077

203,566

207,376

213,505

222,759

225,622

225,621

225,264

224,812

135,950

135,922

135,811

132,872

130,875

130,688

130,500

131,482

129,631

91,950

88,252

84,194

83,378

83,293

83,794

70,493

43,656

43,906

43,848

43,721

41,092

37,330

37,316

37,252

37,394

37,370

37,497

37,552

38,086

Earnings per common share:
Basic (USD per share)

0.06

0.52

0.59

0.46

0.47

0.51

0.52

0.50

0.43

-0.35

0.33

0.31

0.29

0.31

0.29

0.29

0.18

0.30

0.19

-0.08

0.19

0.20

0.20

0.18

0.12

-0.20

0.12

0.15

0.15

0.16

0.05

0.17

0.15

0.15

-0.02

0.05

0.10

0.18

0.12

Diluted (USD per share)

0.06

0.51

0.59

0.46

0.47

0.50

0.52

0.50

0.43

-0.35

0.33

0.31

0.29

0.31

0.29

0.29

0.18

0.30

0.19

-0.08

0.19

0.20

0.19

0.18

0.12

-0.20

0.12

0.15

0.15

0.16

0.05

0.17

0.15

0.15

-0.02

0.05

0.10

0.18

0.12