STL News and Press, Sterling Bancorp From 01/20/21

Key Performance Highlights Adjusted PPNR excluding accretion income 1, 2 of $130.3 million; increased $7.0 million, or 5.7% over linked quarter. Adjusted total revenue 1 was $256.1 million; an increase of $10.5 million, or 4.3% over linked quarter. Net interest m...

Sterling Bancorp is a New York based holding entity whose primary subsidiary, Sterling National Bank, is a regional entity which provides financial services and solutions to businesses and individuals. STL has shown a strong growth in equity returns by focusing on strategic and operat...

Sterling Bancorp ([[STL]] -1.6%) announces transition of Luis Massiani to the role of Chief Operating Officer of the Company and will continue his position as President of the Bank and maintain his duties as CFO of the Company and the Bank through February 28, 2021.Pursuant to ...

PEARL RIVER, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), parent company of Sterling National Bank (the “Bank”), announced today that Luis Massiani will transition to the role of Chief Operating Officer of the Company and ...

PEARL RIVER, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) , the parent company of Sterling National Bank, today announced that it plans to release results for the fourth quarter and full year ended December 31, 2020 after the market close on Wednesday, January 20...

Jefferies global equity strategist Sean Darby improves his outlook on U.S. banks and consumer financial stocks to "bullish" from "modestly bullish" as "improved visibility towards a successful coronavirus vaccine, easier lending conditions, little evidence of deflation and a sentiment switch ...

Kahn Brothers’ 13F portfolio value decreased from $592M to $528M this quarter. Patterson-UTI was increased while reducing Merck, Seaboard, Sterling Bancorp, and Hologic. The portfolio continues to be very concentrated with the top five positions accounting for ~48% of the 1...

PEARL RIVER, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today the closing of its underwritten public offering of $225,000,000 aggregate principal amount of its 3.875% fix...

Sterling Bancorp (STL) has priced $225M of its 3.875% fixed-to-floating rate subordinated notes due 2030 at par.Interest payable semi-annually in arrears. Closing date is October 30.Net proceeds will be used for general corporate purposes. For further details see: Sterling Bancorp price...

PEARL RIVER, N.Y., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today that it has priced $225 million aggregate principal amount of its 3.875% fixed-to-floating rate subordinated...