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Last €12.79 EUR
Change Today +0.098 / 0.77%
Volume 0.0
PVDA On Other Exchanges
Symbol
Exchange
New York
As of 2:00 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

sterling bancorp/de (PVDA) Snapshot

Open
€12.79
Previous Close
€12.69
Day High
€12.79
Day Low
€12.79
52 Week High
07/17/15 - €13.69
52 Week Low
07/29/14 - €8.62
Market Cap
1.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
91.1M
EX-Date
08/4/15
P/E TM
--
Dividend
€0.28
Dividend Yield
1.78%
Current Stock Chart for STERLING BANCORP/DE (PVDA)

sterling bancorp/de (PVDA) Related Businessweek News

No Related Businessweek News Found

sterling bancorp/de (PVDA) Details

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, such as NOW deposits, savings deposits, certificate of deposits, money market deposits, senior notes, and other borrowings. Its loan portfolio includes commercial mortgages, residential mortgages, and other consumer loans; payroll finance, warehouse, factored receivables, and equipment finance lending; commercial and industrial loans; commercial real estate and multi-family loans; and acquisition, development, and construction loans. The company also offers wealth management products. As of September 30, 2014, it operated 32 full-service financial centers, which include 7 offices in Orange County and 9 in Rockland County, as well as 5 offices in Ulster, Sullivan, Westchester, and Putnam Counties in New York; 7 offices in New York City; 3 offices in Long Island; and 1 office in Bergen County, New Jersey. The company was founded in 1888 and is based in Montebello, New York.

829 Employees
Last Reported Date: 03/6/15
Founded in 1888

sterling bancorp/de (PVDA) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $179.2K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $100.0K
Executive Vice President, Market President of...
Total Annual Compensation: $400.0K
Executive Vice President and President of Con...
Total Annual Compensation: $100.0K
Chief Banking Officer, Senior Executive Vice ...
Total Annual Compensation: $100.0K
Compensation as of Fiscal Year 2014.

sterling bancorp/de (PVDA) Key Developments

Sterling Bancorp. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-offs for the Second Quarter of 2015

Sterling Bancorp. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $63,574,000 against $58,451,000 a year ago. This was mainly due to higher average loan balances due to organic growth as average loans increased $890.0 million or 20.6% between the periods. Loss before tax expense was $11,328,000 against income before tax of $21,068,000 a year ago. Net loss was $7,646,000 against net income of $15,011,000 a year ago. Loss per diluted commons share was $0.08 against earnings per diluted share of $0.18 a year ago. Negative return on average assets was 0.38% against positive return on average assets of 0.85% a year ago. Negative return on average equity was 2.79% against positive return on average equity of 6.37% a year ago. Core net income was $21,361,000 against $15,715,000 a year ago. Core return on average tangible equity was 13.27% against 12.42% a year ago. Core return on average tangible assets was 1.13% against 0.95% a year ago. Core diluted EPS (excluding total charges) was $0.23 against $0.19 a year ago. Core total revenue grew 8.4%. For the half year, the company reported net interest income of $122,439,000 against $112,479,000 a year ago. Income before tax expense was $13,526,000 against $35,988,000 a year ago. Net income was $9,130,000 against $25,343,000 a year ago. Earnings per diluted commons share was $0.10 against $0.30 a year ago. Book value per share was $11.40. The company reported net charge-offs of $1,667,000 for the second quarter of 2015.

Sterling Bancorp. Declares Quarterly Cash Dividend, Payable on August 17, 2015

Sterling Bancorp. announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable on August 17, 2015 to holders of record as of August 6, 2015.

Sterling Bancorp Seeks Acquisitions

Sterling Bancorp. (NYSE:STL) intends to make acquisitions. Jack Kopnisky, President and Chief Executive Officer of the company said: “We will continue growing our diversified commercial lending businesses, which are strong fee income generators, and we are actively evaluating opportunistic acquisitions, as previously indicated.”

 

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BBCN Bancorp Inc $15.29 USD +0.10
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Eagle Bancorp Inc $44.58 USD -0.87
Trustmark Corp $23.99 USD +0.02
WesBanco Inc $33.21 USD 0.00
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Industry Analysis

PVDA

Industry Average

Valuation PVDA Industry Range
Price/Earnings 24.1x
Price/Sales 4.3x
Price/Book 0.8x
Price/Cash Flow 35.7x
TEV/Sales 1.9x
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