Sterling Bancorp, Inc. (Southfield, MI) (SBT)

SBT Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	710.37	577.97	379.8	411.68	998.5	53.85
Investment Securities	192.21	258.81	173.91	128.33	151.32	129.04
Mortgage-Backed Securities	253.73	170.08	174.97	186.49	160.41	24.29
Total Investments	445.94	428.9	348.89	314.82	311.73	153.32
Gross Loans	1,224	1,349	1,659	2,013	2,507	2,913
Allowance for Loan Losses	-24.97	-29.4	-45.46	-56.55	-72.39	-21.73
Net Loans	1,199	1,320	1,613	1,956	2,434	2,892
Property, Plant & Equipment	15.48	16.88	21.1	25.61	27.74	27.91
Loans Held for Sale	-	-	7.73	64.99	22.28	1.34
Accrued Interest Receivable	9.65	8.51	7.83	7.7	10.99	13.72
Other Receivables	-	-	-	6.53	-	-
Restricted Cash	-	-	-	-	-	23.97
Long-Term Deferred Tax Assets	15.02	16.96	23.7	21.43	24.33	12.1
Other Long-Term Assets	24.9	28.3	22.02	44.88	61.17	44.2
Total Assets	2,439	2,416	2,445	2,877	3,914	3,245
Accrued Expenses	-	-	-	33.77	50.4	94.96
Interest Bearing Deposits	1,730	1,714	1,657	1,953	2,579	2,134
Institutional Deposits	306.04	255.22	243.86	244.87	487.34	283.46
Non-Interest Bearing Deposits	31.28	35.25	53.04	63.76	64.51	77.56
Total Deposits	2,067	2,004	1,954	2,262	3,131	2,495
Current Portion of Leases	-	4.01	-	-	-	-
Long-Term Debt	-	-	65.27	65.34	65.34	65.18
Federal Home Loan Bank Debt, Long-Term	-	50	50	150	318	229
Long-Term Leases	11.75	8.53	15.99	19.4	20.5	19.87
Other Long-Term Liabilities	25	21.76	46.81	2.95	9.7	7.82
Total Liabilities	2,104	2,088	2,132	2,533	3,594	2,912
Common Stock	84.32	84.32	83.3	82.16	80.81	80.89
Additional Paid-In Capital	18.21	16.66	14.81	14.12	13.54	13.21
Retained Earnings	242.94	241.96	234.05	248.24	224.85	238.32
Comprehensive Income & Other	-10.86	-15.22	-19.53	-0.9	0.39	0.2
Shareholders' Equity	334.61	327.72	312.63	343.63	319.59	332.61
Total Liabilities & Equity	2,439	2,416	2,445	2,877	3,914	3,245
Total Debt	11.75	62.54	131.26	234.74	403.84	314.05
Net Cash (Debt)	703.6	520.66	249.47	178.12	601.68	-259.17
Net Cash Growth	40.31%	108.70%	40.06%	-70.40%	-	-
Net Cash Per Share	13.74	10.25	4.96	3.55	12.07	-5.07
Filing Date Shares Outstanding	52.31	52.07	50.83	50.5	50	49.98
Total Common Shares Outstanding	52.31	52.07	50.8	50.46	49.98	49.94
Book Value Per Share	6.40	6.29	6.15	6.81	6.39	6.66
Tangible Book Value	334.61	327.72	312.63	343.63	319.59	332.61
Tangible Book Value Per Share	6.40	6.29	6.15	6.81	6.39	6.66

Source: S&P Capital IQ. Banks template. Financial Sources.