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Sterling Bancorp (Sterling Bancorp) Effective Interest Rate on Debt % : 6.19% (As of Sep. 2021)


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What is Sterling Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Sterling Bancorp's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $45.0 Mil. Sterling Bancorp's average total debt for the quarter that ended in Sep. 2021 was $727.4 Mil. Therefore, Sterling Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 6.19%.


Sterling Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Sterling Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sterling Bancorp Effective Interest Rate on Debt % Chart

Sterling Bancorp Annual Data
Trend Sep12 Sep13 Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 4.69 6.74 6.88 4.35

Sterling Bancorp Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.12 6.02 5.84 6.19 5.10

Competitive Comparison of Sterling Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Sterling Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sterling Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sterling Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sterling Bancorp's Effective Interest Rate on Debt % falls into.



Sterling Bancorp Effective Interest Rate on Debt % Calculation

Sterling Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -149.1/( (3088.238+1246.82)/ 2 )
=-1  *  -149.1/2167.529
=6.88 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2914.734 + 173.504
=3088.238

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1246.82 + 0
=1246.82

Sterling Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2021 )+Total Debt  (Q: Sep. 2021 ))/ count )
=-1  *  -45.008/( (741.442+713.274)/ 2 )
=-1  *  -45.008/727.358
=6.19 %

where

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=741.442 + 0
=741.442

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=713.274 + 0
=713.274

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sterling Bancorp  (NYSE:STL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Sterling Bancorp Effective Interest Rate on Debt % Related Terms

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Sterling Bancorp (Sterling Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Two Blue Hill Plaza, Second Floor, Pearl River, New York, NY, USA, 10965
Sterling Bancorp is a financial and bank holding company that operates primarily through its wholly owned subsidiary, Sterling National Bank. Sterling National Bank is a full-service regional bank that primarily delivers products and services to small and middle market commercial businesses and affluent consumers. Those products and services include deposit, lending, and wealth management products. The bank's strategy emphasizes growth, efficiency, and relationship building with its niche target market. It primarily operates in the New York metropolitan and suburban markets. Nearly all of its loan portfolio is in commercial loans, a plurality of which is in commercial real estate, followed by traditional commercial and industrial loans.
Executives
James P Blose officer: General Counsel and CLO C/O 21 SCARSDALE ROAD, YONKERS NY 10707
Javier L. Evans officer: Chief Human Resource Officer 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Luis Massiani officer: EVP/CFO C/O PROVIDENT BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Jack L Kopnisky director, officer: President & CEO C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Thomas X Geisel officer: EVP, President of Specialty Le 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Marissa Weidner officer: Chief Human Resource Officer TWO BLUE HILL PLAZA SECOND FLOOR PEARL RIVER NY 10965
James J Landy director
Beatrice Ordonez officer: Executive Vice President TWO BLUE HILL PLAZA - SECOND FLOOR, PEARL RIVER NY 10965
Patricia M Nazemetz director XEROX CORPORATION, 800 LONG RIDGE ROAD, STAMFORD CT 06904
Richard L. O'toole director C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Robert Giambrone director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Maureen Mitchell director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Fernando Ferrer director 650 FIFTH AVENUE NEW YORK NY 10019
John P. Cahill director 612 EAST GRASSY SPRAIN ROAD, YONKERS NY 10710
Mona Aboelnaga director 400 RELLA BOULEVARD, MONTEBELLO NY 10901