Sterling Bancorp Inc
NASDAQ:SBT

  • LAST PRICE
    4.7900
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    4.6500/ 8
  • Ask / Lots
    4.8500/ 4
  • Open / Previous Close
    4.8200 / 4.7900
  • Day Range
    4.7600
    4.8200
  • 52 Week Range
    4.4000
    6.0100
  • Volume
    22,487

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  • Yesterday

  • Nov 15, 2024

  • Oct 30, 2024

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    • 8:02AM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: SBT
      08:02 AM EDT, 10/30/2024 (MT Newswires) -- ...

    • 8:00AM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: SBT
      30, June 30, % 31, % 30, % (dollars in thousands) 2024 2024 change 2023 change 2023 change ----------------------- --------- --------- -------- --------- ----------- --------- ----------- Residential real estate $ 904,438 $ 972,326 (7)% $1,085,776 (17)% $1,139,205 (21)% Commercial real estate 306,927 277,273 11% 236,982 30% 237,812 29% Construction 5,212 5,050 3% 10,381 (50)% 22,292 (77)% Commercial and industrial 7,158 9,593 (25)% 15,832 (55)% 17,809 (60)% Other consumer 2 1 100% 1 100% 9 (78)% --------- --------- --------- --------- Total loans held for investment 1,223,737 1,264,243 (3)% 1,348,972 (9)% 1,417,127 (14)% Less: allowance for credit losses (24,970) (27,556) (9)% (29,404) (15)% (34,267) (27)% --------- --------- --------- --------- Loans, net $1,198,767 $1,236,687 (3)% $1,319,568 (9)% $1,382,860 (13)% ========= ========= ========= ========= Sterling Bancorp, Inc. Allowance for Credit Losses - Loans (Unaudited) Three Months Ended -------------------------------------------------- September December September 30, June 30, 31, 30, (dollars in thousands) 2024 2024 2023 2023 ----------------------- --------- --------- ---- --------- ------ --------- ------ Balance at beginning of period $ 27,556 $29,257 $ 34,267 $36,153 Provision for (recovery of) credit losses (2,596) (2,141) (4,927) (1,887) Charge offs -- -- -- -- Recoveries 10 440 64 1 --------- ------ --------- ------ Balance at end of period $ 24,970 $27,556 $ 29,404 $34,267 ========= ====== ========= ====== Sterling Bancorp, Inc. Deposit Composition (Unaudited) September December September 30, June 30, % 31, % 30, % (dollars in thousands) 2024 2024 change 2023 change 2023 change ----------------------- --------- --------- -------- --------- ----------- --------- ----------- Noninterest-bearing deposits $ 31,276 $ 32,167 (3)% $ 35,245 (11)% $ 40,780 (23)% Money Market, Savings and NOW 1,063,746 1,076,079 (1)% 1,095,521 (3)% 1,127,735 (6)% Time deposits 972,171 905,219 7% 873,220 11% 872,143 11% --------- --------- --------- --------- Total deposits $2,067,193 $2,013,465 3% $2,003,986 3% $2,040,658 1% ========= ========= ========= ========= Sterling Bancorp, Inc. Credit Quality Data (Unaudited) At and for the Three Months Ended -------------------------------------------------------------- September 30, June 30, December 31, September 30, (dollars in thousands) 2024 2024 2023 2023 ----------------------- --------- --------- --------- --------- Nonaccrual loans(1) Residential real estate $ 13,187 $ 11,049 $ 8,942 $ 5,035 Loans past due 90 days or more and still accruing interest 27 1,164 31 1,147 --------- --------- --------- --------- Nonperforming loans $ 13,214 $ 12,213 $ 8,973 $ 6,182 ========= ========= ========= ========= Total loans (1) $1,223,737 $1,264,243 $1,348,972 $1,417,127 Total assets $2,438,554 $2,374,739 $2,416,003 $2,446,673 Allowance for credit losses to total loans 2.04% 2.18% 2.18% 2.42% Allowance for credit losses to total nonaccrual loans 189% 249% 329% 681% Nonaccrual loans to total loans 1.08% 0.87% 0.66% 0.36% Nonperforming loans to total loans 1.08% 0.97% 0.67% 0.44% Nonperforming loans to total assets 0.54% 0.51% 0.37% 0.25% Net charge offs (recoveries) to average loans during the period 0.00% (0.03)% 0.00% 0.00% (1) Loans are classified as held for investment and are presented before the allowance for credit losses.

    • 8:00AM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: SBT
      30, June 30, % 31, % 30, % (dollars in thousands) 2024 2024 change 2023 change 2023 change ----------------------- --------- --------- -------- --------- ----------- --------- ----------- Residential real estate $ 904,438 $ 972,326 (7)% $1,085,776 (17)% $1,139,205 (21)% Commercial real estate 306,927 277,273 11% 236,982 30% 237,812 29% Construction 5,212 5,050 3% 10,381 (50)% 22,292 (77)% Commercial and industrial 7,158 9,593 (25)% 15,832 (55)% 17,809 (60)% Other consumer 2 1 100% 1 100% 9 (78)% --------- --------- --------- --------- Total loans held for investment 1,223,737 1,264,243 (3)% 1,348,972 (9)% 1,417,127 (14)% Less: allowance for credit losses (24,970) (27,556) (9)% (29,404) (15)% (34,267) (27)% --------- --------- --------- --------- Loans, net $1,198,767 $1,236,687 (3)% $1,319,568 (9)% $1,382,860 (13)% ========= ========= ========= ========= Sterling Bancorp, Inc. Allowance for Credit Losses - Loans (Unaudited) Three Months Ended -------------------------------------------------- September December September 30, June 30, 31, 30, (dollars in thousands) 2024 2024 2023 2023 ----------------------- --------- --------- ---- --------- ------ --------- ------ Balance at beginning of period $ 27,556 $29,257 $ 34,267 $36,153 Provision for (recovery of) credit losses (2,596) (2,141) (4,927) (1,887) Charge offs -- -- -- -- Recoveries 10 440 64 1 --------- ------ --------- ------ Balance at end of period $ 24,970 $27,556 $ 29,404 $34,267 ========= ====== ========= ====== Sterling Bancorp, Inc. Deposit Composition (Unaudited) September December September 30, June 30, % 31, % 30, % (dollars in thousands) 2024 2024 change 2023 change 2023 change ----------------------- --------- --------- -------- --------- ----------- --------- ----------- Noninterest-bearing deposits $ 31,276 $ 32,167 (3)% $ 35,245 (11)% $ 40,780 (23)% Money Market, Savings and NOW 1,063,746 1,076,079 (1)% 1,095,521 (3)% 1,127,735 (6)% Time deposits 972,171 905,219 7% 873,220 11% 872,143 11% --------- --------- --------- --------- Total deposits $2,067,193 $2,013,465 3% $2,003,986 3% $2,040,658 1% ========= ========= ========= ========= Sterling Bancorp, Inc. Credit Quality Data (Unaudited) At and for the Three Months Ended -------------------------------------------------------------- September 30, June 30, December 31, September 30, (dollars in thousands) 2024 2024 2023 2023 ----------------------- --------- --------- --------- --------- Nonaccrual loans(1) Residential real estate $ 13,187 $ 11,049 $ 8,942 $ 5,035 Loans past due 90 days or more and still accruing interest 27 1,164 31 1,147 --------- --------- --------- --------- Nonperforming loans $ 13,214 $ 12,213 $ 8,973 $ 6,182 ========= ========= ========= ========= Total loans (1) $1,223,737 $1,264,243 $1,348,972 $1,417,127 Total assets $2,438,554 $2,374,739 $2,416,003 $2,446,673 Allowance for credit losses to total loans 2.04% 2.18% 2.18% 2.42% Allowance for credit losses to total nonaccrual loans 189% 249% 329% 681% Nonaccrual loans to total loans 1.08% 0.87% 0.66% 0.36% Nonperforming loans to total loans 1.08% 0.97% 0.67% 0.44% Nonperforming loans to total assets 0.54% 0.51% 0.37% 0.25% Net charge offs (recoveries) to average loans during the period 0.00% (0.03)% 0.00% 0.00% (1) Loans are classified as held for investment and are presented before the allowance for credit losses.