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.
Company profile
Ticker
SBT
Exchange
Website
CEO
Thomas M. O'Brien
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Sterling Credit Corp. ...
SBT stock data
Latest filings (excl ownership)
8-K
Sterling Bancorp Reports First Quarter 2024 Financial Results
24 Apr 24
ARS
2023 FY
Annual report to shareholders
4 Apr 24
DEFA14A
Additional proxy soliciting materials
4 Apr 24
DEF 14A
Definitive proxy
4 Apr 24
8-K
Departure of Directors or Certain Officers
21 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Departure of Directors or Certain Officers
11 Mar 24
8-K
Departure of Directors or Certain Officers
5 Mar 24
8-K
Sterling Bancorp Reports Fourth Quarter and Full Year 2023 Financial Results
24 Jan 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
Transcripts
SBT
Earnings call transcript
2024 Q1
24 Apr 24
SBT
Earnings call transcript
2023 Q4
24 Jan 24
SBT
Earnings call transcript
2023 Q3
25 Oct 23
SBT
Earnings call transcript
2023 Q2
26 Jul 23
SBT
Earnings call transcript
2023 Q1
1 May 23
SBT
Earnings call transcript
2022 Q4
30 Jan 23
SBT
Earnings call transcript
2022 Q3
31 Oct 22
SBT
Earnings call transcript
2022 Q3
31 Oct 22
SBT
Earnings call transcript
2022 Q2
15 Aug 22
SBT
Earnings call transcript
2022 Q1
2 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 563.62 mm | 563.62 mm | 563.62 mm | 563.62 mm | 563.62 mm | 563.62 mm |
Cash burn (monthly) | 30.59 mm | (no burn) | (no burn) | 1.20 mm | 8.29 mm | 2.46 mm |
Cash used (since last report) | 210.95 mm | n/a | n/a | 8.30 mm | 57.20 mm | 16.99 mm |
Cash remaining | 352.67 mm | n/a | n/a | 555.32 mm | 506.42 mm | 546.64 mm |
Runway (months of cash) | 11.5 | n/a | n/a | 461.3 | 61.1 | 221.9 |
Institutional ownership, Q3 2023
62.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 55 |
Opened positions | 5 |
Closed positions | 2 |
Increased positions | 19 |
Reduced positions | 16 |
13F shares | Current |
---|---|
Total value | 76.28 bn |
Total shares | 31.64 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Strasburger & Price | 12.11 mm | $61.27 mm |
Harry S. Stern | 5.74 mm | $21.65 mm |
FJ Capital Management | 4.04 mm | $23.59 bn |
Alliancebernstein | 1.95 mm | $11.37 bn |
Vanguard | 1.26 mm | $7.35 bn |
BLK Blackrock | 1.15 mm | $6.72 bn |
Dimensional Fund Advisors | 716.87 k | $4.19 bn |
Kennedy Capital Management | 588.55 k | $3.44 bn |
Banc Funds | 502.06 k | $2.93 mm |
MS Morgan Stanley | 443.72 k | $2.59 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Apr 24 | Christine Meredith | Common Stock | Payment of exercise | Dispose F | No | No | 4.91 | 2,005 | 9.84 k | 132,221 |
23 Apr 24 | Karen Knott | Common Stock | Payment of exercise | Dispose F | No | No | 4.91 | 917 | 4.50 k | 126,277 |
2 Jan 24 | OBrien Thomas M | Common Stock | Payment of exercise | Dispose F | No | No | 5.69 | 36,156 | 205.73 k | 630,817 |
1 Jan 24 | Peggy Daitch | Common Stock | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 30,864 |