Previous Close | 22.15 |
Open | 21.96 |
Bid | 21.84 x 3100 |
Ask | 21.85 x 800 |
Day's Range | 21.38 - 22.37 |
52 Week Range | 7.01 - 23.31 |
Volume | 5,445,452 |
Avg. Volume | 3,045,622 |
Market Cap | 4.212B |
Beta (5Y Monthly) | 1.70 |
PE Ratio (TTM) | 19.49 |
EPS (TTM) | 1.12 |
Earnings Date | Apr 26, 2021 - Apr 30, 2021 |
Forward Dividend & Yield | 0.28 (1.28%) |
Ex-Dividend Date | Jan 29, 2021 |
1y Target Est | 23.92 |
Collaboration creates an innovative banking solution and broadens access to a large market of consumers seeking a complete digital solutionPEARL RIVER, N.Y., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) today announced that it is working with Google to offer digital checking and savings accounts through the Google Pay platform. As part of Sterling’s Banking as a Service (BaaS) program, this collaboration with Google Pay marks the latest in a series of strategic partnerships and digital technology investments that will drive growth through access to new segments, contemporary value propositions and a highly efficient delivery model. Customers will be able to leverage a fully digital experience to seamlessly open bank accounts at Sterling via the Google Pay app. Google’s smart platform will help to empower clients’ financial decision-making with personalized insights and a simplified user experience. “Over the last few years Sterling has executed on a series of transformational technology initiatives that have positioned us to both expand and innovate for our clients. Our work with Google represents an important expansion to our portfolio of partnerships with leading technology companies that will enable us to accelerate our growth and enhance our digital solutions,” said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. “This collaboration expands our organization-wide digital transformation, enables us to continue to offer superior client experiences, and reinforces our commitment to delivering innovative solutions to the marketplace.” Key features and benefits for users of this service will include: Full function FDIC insured deposit accountsFrictionless account openingNo monthly account fees or minimum balance requirementsReal-time balance, transaction, and purchase alertsLeverage Google Pay’s seamless P2P capabilities for one-time, recurring and group payments “We are thrilled to offer our clients a seamless account opening and digital banking experience that will significantly enhance their personal finance journeys,” said Luis Massiani, Sterling National Bank President. “These accounts will provide an exceptional, mobile-first experience that will enable us to expand our reach to a new generation of clients, while enhancing and deepening our existing relationships. This is a truly exciting time for our company, as we continue to transform through innovation in technology and strategic partnerships.” “People are increasingly looking for ways to simply and securely manage their money,” said Felix Lin, Vice President of Payments Ecosystems at Google. “We're excited to work with Sterling National Bank to introduce a smarter way to bank, manage their finances and stay on top of their spending all from within Google Pay.” About Sterling National Bank Sterling National Bank specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.snb.com. STERLING NATIONAL BANK CONTACT:Emlen Harmon, Senior Managing Director – Investor Relations212.309.7646 Sterling National BankTwo Blue Hill Plaza, Second FloorPearl River, NY 10965 T 845.369.8040F 845.369.8255 http://www.sterlingbancorp.com
In honor of Black History Month, and as part of Goalsetter’s “Drafted” campaign, Sterling will fund the accounts of 1,000 students from Eagle Academy Foundation, a public school network for young men of color in New York City, N.Y. and Newark, N.J.PEARL RIVER, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), today announced that it is partnering with Goalsetter, a Black-owned financial services mobile app aimed at promoting financial literacy and empowerment amongst K-12 students. Sterling National Bank will participate in Goalsetter’s “Drafted” initiative, a campaign to bring savings accounts to one million students in minority communities. As part of this initiative, Sterling will seed the FDIC insured savings accounts of 1,000 students selected by Eagle Academy Foundation with $40.00 and provide a five-year subscription to a financial literacy curriculum. Through the Goalsetter app, Eagle students will also be provided with: A Cashola Card, a debit card backed by Mastercard, with customizable parental controls, budgets and spending rulesThe ability to receive contributions or “GoalCards” that promote saving towards real world goalsWeekly fun, financial literacy quizzes centered around popular culture “This critical initiative reinforces Sterling’s commitment to financial education and empowering young people to reach financial independence,” said Matthew Smith, Sterling’s Executive Managing Director, Direct Banking and Banking as a Service. “Black History Month provides an important opportunity to celebrate and promote Black achievement. We are excited to play a part in supporting these inspiring young men to become the next leaders, savers and investors.” Watch a live message from Matthew regarding Sterling’s involvement in the campaign here. “School systems around the country have launched Child Savings Account initiatives because the data shows that kids who have savings accounts in their names are not only six times more likely to go to college but are also four times more likely to own stocks as young adults,” said David C. Banks, President and CEO of the Eagle Academy Foundation. “We are excited to be at the cutting edge of offering our kids a savings account with an additional dimension of financial education. This combination of theoretical knowledge coupled with real-world tools is exactly what our children need to achieve financial freedom, and I'm proud to be instilling these skills in our students through our work with Goalsetter." “We are excited that leading institutions such as Sterling National Bank are supporting our movement to realize financial literacy for the next generation,” said Tanya Van Court, founder and CEO, Goalsetter. “More and more educational institutions are looking at ways to start savings accounts for children and Sterling’s partnership with Eagle Academy puts them both at the forefront of this effort. By working together to offer kids both savings accounts and culturally relevant, game-based financial literacy content, we are setting the bar for what effective financial education tools should achieve.” About Sterling National Bank Sterling National Bank specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.snb.com. About Eagle Academy FoundationThe Eagle Academy Foundation empowers at-risk inner city young men to realize their academic and civic potential with quality immersive learning experiences and proven community-based practices that address shortfalls in public education. The Foundation is led by its President and CEO, David Banks, who was the Founding Principal of The Eagle Academy for Young Men, the first school in the Foundation's network of innovative all-boys public schools in New York City. Since opening in 2004, the Eagle Academy network has grown to encompass a total of six schools in the Bronx, Brooklyn, Queens, Newark, Harlem, and Staten Island and is expanding its vision nationally. For more information, visit eafny.org and follow The Eagle Academy Foundation on Facebook, Instagram and Twitter. STERLING NATIONAL BANK CONTACT:Lucy Amicucci - Manager and Foundation Administrator914.771.3226 Sterling BancorpTwo Blue Hill Plaza, Second FloorPearl River, NY 10965T 845.369.8040F 845.369.8255http://www.sterlingbancorp.com
Thanks for joining us to --today to discuss Sterling Bancorp's financial results for the fourth quarter and year ended December 31, 2020. Joining us today from Sterling's management team are Tom O'Brien, chairman, president, and CEO; and myself, Stephen Huber, chief financial officer and treasurer.