STL News and Press, Sterling Bancorp From 05/12/21

Kahn Brothers’ 13F portfolio value increased from $579M to $646M this quarter. Stakes in VOXX International and BlackBerry were decreased during the quarter. The portfolio continues to be very concentrated with the top five positions accounting for ~45% of the 13F holdings....

Bank M&A hit the highest level in April with 19 deals announced, the most since January 2020.The total number of deal announcements year-to-date rose to 53 in April, compared to 43 during the same period in 2020, according to S&P Global Market Intelligence. Total deal value ...

Merger activity remained steady last week with six new deals announced. Kansas City Southern receives new superior offer. Three new bank mergers announced last week. For further details see: Merger Arbitrage Mondays - Bank Mergers Dominate

The announcement from Webster Financial Corporation (NYSE: WBS) and Sterling Bancorp (NYSE: STL) that the two plan to partner in a merger of equals marked the second such deal in the regional banking space in April. It was also the second merger of equals that was met with s...

Uniting strong banks with complementary strategies to create a powerhouse Northeast player with $63 billion in assets and $52 billion in deposits Unlocking compelling revenue growth opportunities in commercial lending, health savings, fee-based businesses and consumer and digital ...

Webster Financial (WBS) and Sterling Bancorp (STL) agree to combine in an all-stock merger that will create a company with a total market value of ~$10.3B.Under the agreement, Sterling shareholders will get a fixed exchange ratio of 0.463 WBS share for each share of STL stock they own.That va...

Key Performance Highlights GAAP EPS increased $0.12 and adjusted EPS increased $0.02 over the linked quarter. Net interest margin excluding accretion income 1 of 3.30%, an increase of five basis points (“bps”) over the linked quarter. Cost of funding li...

PEARL RIVER, N.Y., April 12, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) , the parent company of Sterling National Bank, today announced that it plans to release results for the first quarter ended March 31, 2021 after the market close on Wednesday, April 21, 2021. Jack ...

PEARL RIVER, N.Y., April 12, 2021 (GLOBE NEWSWIRE) -- Sterling National Bank , the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), today announced it has entered into a Banking as a Service agreement with BrightFi, a provider of cloud-based digital bankin...

PEARL RIVER, N.Y., April 05, 2021 (GLOBE NEWSWIRE) -- Sterling National Bank , the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), today announced a Banking as a Service (BaaS) agreement with Rho Technologies, the fintech company behind Rho Business Banking. ...