Sterling Bancorp

General Information
Business:

We are a unitary thrift holding company headquartered in Southfield, Michigan with our primary branch operations in San Francisco and Los Angeles, California. Through our wholly owned bank subsidiary, Sterling Bank and Trust, F.S.B., we offer a broad range of loan products to the residential and commercial markets, as well as retail banking services. Since 2013, we have grown organically at a compound annual growth rate of 29% while maintaining stable margins and solid asset quality. Since 2013, we have grown our branch network from 16 branches to our current total of 26 branches, including 20 in the San Francisco area, 4 in greater Los Angeles, our recently opened branch in New York City and our headquarters’ branch in Michigan. We also expect to open a branch near Seattle, Washington, where we currently have a loan production office, by the end of 2017 and two additional branches in Los Angeles in early 2018.

Industry: SAVINGS INSTITUTION, FEDERALLY CHARTERED
Employees: 294
Founded: 2013
Contact Information
Address One Towne Square, Suite 1900, Southfield, Michigan 48076, US
Phone Number (248) 355-2400
Web Address http://www.sterlingbank.com
View Prospectus: Sterling Bancorp
Financial Information
Market Cap $635.6mil
Revenues $113.4 mil (last 12 months)
Net Income $37.6 mil (last 12 months)
IPO Profile
Symbol SBT
Exchange NASDAQ
Shares (millions): 15.0
Price range $12.00 - $12.00
Est. $ Volume $180.0 mil
Manager / Joint Managers Sandler O'Neill & Partners
CO-Managers -
Expected To Trade: 11/17/2017
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change