Sterling Bancorp (Sterling Bancorp) Credit Losses Provision : $-4.0 Mil (As of Sep. 2021)

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What is Sterling Bancorp Credit Losses Provision?

Sterling Bancorp's credit losses provision for the three months ended in Sep. 2021 was $0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2021 was $-4.0 Mil.

Sterling Bancorp's quarterly credit losses provision declined from Mar. 2021 ($10.0 Mil) to Jun. 2021 ($6.0 Mil) and declined from Jun. 2021 ($6.0 Mil) to Sep. 2021 ($0.0 Mil).

Sterling Bancorp's annual credit losses provision declined from Dec. 2018 ($46.0 Mil) to Dec. 2019 ($46.0 Mil) but then increased from Dec. 2019 ($46.0 Mil) to Dec. 2020 ($251.7 Mil).

Sterling Bancorp Credit Losses Provision Historical Data

The historical data trend for Sterling Bancorp's Credit Losses Provision 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 Credit Losses Provision Chart

Sterling Bancorp Annual Data

Trend

Sep12

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Credit Losses Provision

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26.00

46.00

45.99

251.68

-4.00

Sterling Bancorp Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Credit Losses Provision	Get a 7-Day Free Trial															27.50	10.00	6.00	-	-20.00

Sterling Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.0 Mil.

Sterling Bancorp (Sterling Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sterling Bancorp (NYSE:STL) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Blue Hill Plaza, Second Floor, Pearl River, New York, NY, USA, 10965

Website

https://www.sterlingbank.com

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