Sterling Bancorp, Inc. (SBT) is a U.S.-based regional financial institution operating in the banking sector, primarily serving individual customers and small businesses.
The company operates through its banking subsidiary, focusing on traditional banking services and lending activities.
Its main services include:
• Residential and mortgage lending.
• Retail banking services, including deposit accounts.
• Financial solutions for small businesses.
• Savings and deposit products.
Sterling Bancorp’s operations are concentrated in the United States, with a regional customer base.
Its performance is influenced by interest rates, credit demand, housing market conditions and banking regulations.
Sterling Bancorp, Inc. trades on the Nasdaq under the ticker SBT.
History and Development
Sterling Bancorp, Inc. was founded in Michigan, United States, as a holding company for a regional banking institution.
Over time, the company expanded its focus on mortgage lending and retail banking services.
In recent years, Sterling Bancorp has undergone operational and strategic adjustments, including changes to its loan portfolio and efforts to strengthen governance and risk management.
Additional Information
Sterling Bancorp Inc. (Southfield, MI) (United States) is listed on the Nasdaq and has a market capitalization of $246.84 Millions, with shareholders equity totaling $333.96 Millions.
The company employs approximately 294 people and operates in the Financial sector, within the Banks industry.
Over the past 12 months, Sterling Bancorp Inc. (Southfield, MI) reported $57.53 Millions in revenue, generating net income of $2.14 Millions.
Key financial metrics include a P/E ratio of 115.35, a price-to-book (P/B) ratio of 0.74, and a trailing twelve-month dividend yield of 0.00%.
The company trades under the ticker SBT.