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Sterling Bancorp (Sterling Bancorp) Scaled Net Operating Assets : -0.25 (As of Dec. 2023)


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What is Sterling Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sterling Bancorp's operating assets for the quarter that ended in Dec. 2023 was $1,413.60 Mil. Sterling Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $2,025.74 Mil. Sterling Bancorp's Total Assets for the quarter that ended in Sep. 2023 was $2,446.67 Mil. Therefore, Sterling Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.25.

Sterling Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sterling Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(1832.81-2025.743)/2444.735
=-0.08

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2416.003 - 583.193
=1832.81

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2088.28 - 62.537 - 0
=2025.743

Sterling Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(1413.597-2025.743)/2446.673
=-0.25

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2416.003 - 1002.406
=1413.597

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2088.28 - 62.537 - 0
=2025.743

* 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 Scaled Net Operating Assets Related Terms

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Sterling Bancorp (Sterling Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sterling Bancorp Inc (NAS:SBT) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
One Towne Square, Suite 1900, Southfield, MI, USA, 48076
Website
https://www.sterlingbank.com
Sterling Bancorp Inc is a unitary savings and loan holding company. Its primary business is the operation of its wholly-owned subsidiary, Sterling Bank, through which it offers a range of loan products to the residential and commercial markets, as well as retail banking services. The products and services offered by the bank include saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfer, treasury and cash management. It provides services such as construction loans, residential real estate, commercial real estate, commercial lines of credit and other consumer loans.
Executives
Elizabeth M. Keogh officer: Chief Legal Officer STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Eboh Duke Okorie director 100 VAN REYPEN STREET, JERSEY CITY NJ 07306
Michael Donahue director C/O STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Erwin A. Rubenstein 10 percent owner C/O STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Karen Knott officer: EVP and CFO ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Thomas M Obrien officer: CHIEF EXECUTIVE OFFICER C/O STATE BANK OF LONG ISLAND, 2 JERICHO PLAZA, JERICHO NY 11753
John Thomas Macfarlane 10 percent owner 151 S. OLD WOODWARD AVE., STE. 200, BIRMINGHAM MI 48009
Christine Meredith officer: CHIEF RISK OFFICER ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Kimmel Colleen officer: GEN COUNSEL & CORP SECRETARY ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Steve Huber officer: CHIEF FINANCIAL OFFICER ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Tracey A Dedrick director C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652
Peggy Daitch director ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Denny Kim director C/O WL ROSS GROUP, L.P., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven E. Gallotta director ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Harry S. Stern 10 percent owner 220 MONTGOMERY STREET, 15TH FLOOR, SAN FRANCISCO CA 94104