STERLING BANCORP

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CIK 1070154fmd_17METDGZFFS8H2CR9XPR579PQKFinance, Insurance and Real Estate · National Commercial BanksTemplate: Financials

Coverage: Oct 01, 2008 to Sep 30, 2021, 48 periods

Income Statement · Annual · Millions · USD
Line item	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020
Total interest income	113	115	132	247	348	462	682	1,208	1,203	1,014
Total revenues	121	129	140	265	374	15	17	27	26	24
Rental revenue	–	–	–	–	–	–	–	–	2	16
Net interest income	91	96	112	218	311	404	576	967	919	865
Commissions and fees	11	11	11	16	16	15	–	–	–	–
Provision for credit losses	17	11	12	19	16	20	26	46	46	252
Realized investment gains (losses)	–	–	–	–	–	8	(0)	(11)	(7)	9
Net interest income after provision	75	86	100	199	296	384	550	921	873	613
Asset management and advisory fees	3	3	2	2	2	4	3	–	–	–
Non-interest income	30	32	28	47	63	71	64	103	131	136
Compensation and benefits	44	46	48	94	105	126	150	220	216	222
Non-interest expense	90	92	91	208	260	248	433	458	464	492
Interest expense	21	19	20	29	37	57	106	241	284	149
Interest and investment income	–	–	–	–	15	19	–	–	–	–
Income before taxes	15	26	37	38	98	207	181	566	540	256
Income tax expense	3	6	11	10	32	67	88	119	113	30
Net income from continuing operations	12	20	25	28	66	140	93	447	427	226
Net income	12	20	25	28	66	140	93	447	427	226
Net income to common shareholders	–	–	–	–	66	140	91	439	419	218