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Sterling Bancorp (Sterling Bancorp) Tax Rate % : 21.20% (As of Sep. 2021)


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What is Sterling Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sterling Bancorp's Tax Expense for the three months ended in Sep. 2021 was $25.7 Mil. Sterling Bancorp's Pre-Tax Income for the three months ended in Sep. 2021 was $121.4 Mil. Therefore, Sterling Bancorp's Tax Rate % for the quarter that ended in Sep. 2021 was 21.20%.

Sterling Bancorp Tax Rate % Historical Data

The historical data trend for Sterling Bancorp's Tax Rate % 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 Tax Rate % Chart

Sterling Bancorp Annual Data
Trend Sep12 Sep13 Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.59 21.01 20.91 11.69 21.10

Sterling Bancorp Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Tax Rate % 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 19.53 18.80 19.96 21.20 23.88

Sterling Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Sterling Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2020 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2020 )/Pre-Tax Income (A: Dec. 2020 )
=29.899/255.668
=11.69 %

Sterling Bancorp's Tax Rate % for the quarter that ended in Sep. 2021 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2021 )/Pre-Tax Income (Q: Sep. 2021 )
=25.745/121.416
=21.20 %

* 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.

Sterling Bancorp Tax Rate % Related Terms

Thank you for viewing the detailed overview of Sterling Bancorp's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sterling Bancorp (Sterling Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sterling Bancorp (NYSE:STL) » Definitions » Tax Rate %
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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