Sterling Bancorp Inc
Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B. that provides community banking services to individuals and businesses. The company offers checking, savings, money market, term certificate, and individual retirement accounts, as well as certificates of deposit. It also provides residential mortgage, commercial and industri… Read more
Sterling Bancorp Inc (SBT) - Net Assets
Latest net assets as of December 2024: $333.96 Million USD
Based on the latest financial reports, Sterling Bancorp Inc (SBT) has net assets worth $333.96 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.44 Billion) and total liabilities ($2.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $333.96 Million |
| % of Total Assets | 13.71% |
| Annual Growth Rate | 10.47% |
| 5-Year Change | -90.49% |
| 10-Year Change | N/A |
| Growth Volatility | 302.69 |
Sterling Bancorp Inc - Net Assets Trend (2015–2024)
This chart illustrates how Sterling Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sterling Bancorp Inc (2015–2024)
The table below shows the annual net assets of Sterling Bancorp Inc from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $333.96 Million | +1.90% |
| 2023-12-31 | $327.72 Million | +4.83% |
| 2022-12-31 | $312.63 Million | -88.15% |
| 2021-12-31 | $2.64 Billion | -24.82% |
| 2020-12-31 | $3.51 Billion | +955.34% |
| 2019-12-31 | $332.61 Million | -0.73% |
| 2018-12-31 | $335.06 Million | +22.60% |
| 2017-12-31 | $273.30 Million | +68.42% |
| 2016-12-31 | $162.27 Million | +19.07% |
| 2015-12-31 | $136.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sterling Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 152.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $244.10 Million | 73.09% |
| Common Stock | $84.32 Million | 25.25% |
| Other Comprehensive Income | $-13.52 Million | -4.05% |
| Other Components | $19.05 Million | 5.71% |
| Total Equity | $333.96 Million | 100.00% |
Sterling Bancorp Inc Competitors by Market Cap
The table below lists competitors of Sterling Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIVECHAT SOFTW.AB ZY-02
F:886
|
$133.39 Million |
|
Kec Corporation
KO:092220
|
$133.40 Million |
|
DAE HWA Pharmaceutical Co. Ltd
KQ:067080
|
$133.43 Million |
|
Meliá Hotels International S.A
PINK:SMIZF
|
$133.45 Million |
|
ZALARIS ASA A NK -10
F:81Y
|
$133.32 Million |
|
Plano & Plano Desenvolvimento Imobiliário S.A
SA:PLPL3
|
$133.29 Million |
|
Nissan Shatai Co. Ltd
PINK:NSNHF
|
$133.29 Million |
|
VinFast Auto Ltd.
F:0TL
|
$133.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sterling Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 327,723,000 to 333,963,000, a change of 6,240,000 (1.9%).
- Net income of 2,138,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,709,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.14 Million | +0.64% |
| Other Comprehensive Income | $1.71 Million | +0.51% |
| Other Changes | $2.39 Million | +0.72% |
| Total Change | $- | 1.90% |
Book Value vs Market Value Analysis
This analysis compares Sterling Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.88x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $2.57 | $4.84 | x |
| 2016-12-31 | $3.06 | $4.84 | x |
| 2017-12-31 | $5.91 | $4.84 | x |
| 2018-12-31 | $6.33 | $4.84 | x |
| 2019-12-31 | $6.66 | $4.84 | x |
| 2020-12-31 | $6.41 | $4.84 | x |
| 2021-12-31 | $6.79 | $4.84 | x |
| 2022-12-31 | $6.21 | $4.84 | x |
| 2023-12-31 | $6.45 | $4.84 | x |
| 2024-12-31 | $6.50 | $4.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sterling Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.58%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.30x
- Recent ROE (0.64%) is below the historical average (7.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 16.52% | 34.00% | 0.04x | 12.56x | $8.88 Million |
| 2016 | 20.48% | 36.79% | 0.04x | 13.33x | $17.01 Million |
| 2017 | 13.90% | 33.34% | 0.04x | 10.84x | $10.65 Million |
| 2018 | 18.94% | 44.65% | 0.04x | 9.54x | $29.96 Million |
| 2019 | 8.79% | 22.09% | 0.04x | 9.76x | $-4.01 Million |
| 2020 | -4.06% | -11.78% | 0.03x | 12.25x | $-44.93 Million |
| 2021 | 6.87% | 24.47% | 0.03x | 8.44x | $-10.65 Million |
| 2022 | -4.54% | -17.71% | 0.03x | 7.82x | $-45.46 Million |
| 2023 | 2.26% | 9.72% | 0.03x | 7.37x | $-25.36 Million |
| 2024 | 0.64% | 1.58% | 0.06x | 7.30x | $-31.26 Million |
Industry Comparison
This section compares Sterling Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sterling Bancorp Inc (SBT) | $333.96 Million | 16.52% | 6.30x | $133.34 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |