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United States

Sterling Bancorp (STL.N)

STL.N on New York Stock Exchange

18.03USD
20 Nov 2018
Change (% chg)

$-0.50 (-2.70%)
Prev Close
$18.53
Open
$18.34
Day's High
$18.57
Day's Low
$18.00
Volume
886,801
Avg. Vol
506,605
52-wk High
$26.45
52-wk Low
$16.86

Latest Key Developments (Source: Significant Developments)

Sterling Bancorp Q1 Earnings Per Share $0.43
Tuesday, 24 Apr 2018 04:10pm EDT 

April 24 (Reuters) - Sterling Bancorp ::ANNOUNCES RECORD RESULTS FOR THE FIRST QUARTER OF 2018 WITH EARNINGS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS OF $0.43 (AS REPORTED) AND $0.45 (AS ADJUSTED), REPRESENTING GROWTH OF 48.3% AND 45.2% OVER THE SAME QUARTER A YEAR AGO.Q1 ADJUSTED EARNINGS PER SHARE $0.45.Q1 GAAP EARNINGS PER SHARE $0.43.Q1 EARNINGS PER SHARE VIEW $0.45 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME $234.4 MILLION VERSUS $108.8 MILLION.  Full Article

Sterling Bancorp Files For Potential Mixed Shelf Offering ‍​
Wednesday, 7 Mar 2018 05:15pm EST 

March 7 (Reuters) - Sterling Bancorp ::STERLING BANCORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING ‍​.  Full Article

Sterling Bancorp To Acquire Advantage Funding Management Including $458 Mln Loan Portfolio And Origination Platform
Tuesday, 6 Mar 2018 09:20am EST 

March 6 (Reuters) - Sterling Bancorp ::STERLING BANCORP TO ACQUIRE ADVANTAGE FUNDING MANAGEMENT CO., INC., INCLUDING $458 MILLION LOAN PORTFOLIO AND ORIGINATION PLATFORM.STERLING BANCORP - DEAL TO BE PAID IN CASH VIA A MIX OF CASH ON HAND, RUN-OFF OF EXISTING RESIDENTIAL MORTGAGE LOANS AND SALES OF SECURITIES.STERLING BANCORP - EXCLUDING IMPACT OF ACCRETION INCOME ON ACQUIRED LOANS, DEAL TO BE ACCRETIVE TO NET INTEREST MARGIN & EPS TO COMMON STOCKHOLDERS.STERLING BANCORP - THE ACQUISITION WILL RESULT IN AN INCREASE OF APPROXIMATELY $6 MILLION IN OPERATING EXPENSES IN 2018.STERLING BANCORP - THROUGH UNIT ENTERED INTO AGREEMENT TO BUY ADVANTAGE FUNDING MANAGEMENT.  Full Article

Sterling Bancorp and Astoria Financial announce Federal Reserve Board approval
Thursday, 31 Aug 2017 08:30am EDT 

Aug 31 (Reuters) - Sterling Bancorp :Sterling Bancorp and Astoria Financial Corporation announce Federal Reserve Board approval.Sterling Bancorp - board of governors of Federal Reserve system has approved merger of Astoria with and into Sterling.Sterling Bancorp - Sterling Bancorp and Astoria Financial Corporation expect to complete merger on october 2, 2017.  Full Article

Sterling Bancorp posts Q2 adj. earnings per share $0.33
Tuesday, 25 Jul 2017 04:14pm EDT 

July 25 (Reuters) - Sterling Bancorp :Sterling Bancorp announces record operating results for the three months ended June 30, 2017.Q2 GAAP earnings per share $0.31.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Quarterly adjusted earnings per share $0.33.Qtrly net interest income was $113.3 million, an increase of $12.9 million compared to Q2 of 2016.  Full Article

Sterling Bancorp or Astoria to pay fee of $75.7 mln on termination of merger agreement under certain circumstances
Thursday, 9 Mar 2017 05:35pm EST 

Astoria Financial Corp :Sterling Bancorp - termination fee of $75.7 million will be payable by either co or Astoria upon termination of merger agreement under certain circumstances.  Full Article

Sterling Bancorp & Astoria Financial Corp plans to merge
Tuesday, 7 Mar 2017 08:30am EST 

Sterling Bancorp : Sterling Bancorp and Astoria Financial Corporation announce plans to merge, creating a high performing regional bank . Sterling Bancorp - transaction valued at approximately $2.2 billion . Sterling Bancorp - on a pro forma basis, transaction is expected to be about 12pct accretive to Sterling Bancorp's tangible book value per share at closing . Sterling Bancorp - deal is expected to be about 9pct accretive to EPS in 2018, exclusive of restructuring charge, and about 16pct accretive to EPS in 2019 . Sterling Bancorp - Pro Forma bank is expected to maintain a quarterly dividend of $0.07 per share . Sterling Bancorp - Sterling Bancorp's Jack Kopnisky serving as president and chief executive officer and Luis Massiani serving as CFO of combinbed co .Sterling Bancorp - effective at closing of transaction, four members of board of directors of astoria will join board of directors of combined company.  Full Article

Sterling National Bank provides $15.7 mln credit facility to West Farms Apartments
Thursday, 2 Mar 2017 08:30am EST 

Sterling Bancorp : Sterling National Bank provides $15.7 million credit facility to West Farms Apartments .Sterling Bancorp - Credit facility includes a $12 million construction loan and a $3.7 million senior commercial multifamily mortgage.  Full Article