Sterling Bancorp, Inc.
SBTFinancials · Savings Institution, Federally Chartered · MI · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $509,000 | $426,000 | $444,000 |
| Operating income | — | — | — | — | — | — |
| Net income | $2.1M | $7.4M | −$14.2M | $23.4M | −$13.0M | $29.2M |
| Total assets | $2.44B | $2.42B | $2.44B | $2.88B | $3.91B | $3.24B |
| Total liabilities | $2.10B | $2.09B | $2.13B | $2.53B | $3.59B | $2.91B |
| Equity | $334.0M | $327.7M | $312.6M | $343.6M | $319.6M | $332.6M |
| EPS (diluted) | $0.04 | $0.15 | $-0.28 | $0.47 | $-0.26 | $0.57 |
| Shares out. | 52.1M | 50.8M | 50.5M | 50.0M | 50.0M | 52.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- —
- Net margin
- —
- Return on equity
- 0.6%
- Return on assets
- 0.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 86.3%
- Debt / equity
- 6.30×
- Book value / share
- $6.41
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −71.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Accruals / assets
- 0.2%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 11, 2020
- NT 10-Qmissed a reporting deadline ↗May 12, 2020
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Fj Capital Management LlcPassive (13G)May 9, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Willis EleniOfficer — CHIEF RISK OFFICER | Mar 19, 2025 | Tax withholding | 13,425 | $4.88 |
| Meredith ChristineOfficer — CHIEF OPERATING OFFICER | Mar 19, 2025 | Tax withholding | 38,421 | $4.88 |
| Knott KarenOfficer — EVP AND CFO | Mar 19, 2025 | Tax withholding | 43,794 | $4.88 |
| Keogh Elizabeth M.Officer — CHIEF LEGAL OFFICER | Mar 19, 2025 | Tax withholding | 59,509 | $4.88 |
| Obrien Thomas MOfficer — CHIEF EXECUTIVE OFFICER | Feb 14, 2025 | Option exercise | 300,000 | $4.00 |
| Obrien Thomas MOfficer — CHIEF EXECUTIVE OFFICER | Jan 2, 2025 | Tax withholding | 37,601 | $4.76 |
| Willis EleniOfficer — CHIEF RISK OFFICER | Nov 15, 2024 | Tax withholding | 384 | $4.79 |
| Obrien Thomas MOfficer — CHIEF EXECUTIVE OFFICER | Jul 2, 2024 | Tax withholding | 43,883 | $5.23 |
| Willis EleniOfficer — CHIEF RISK OFFICER | Jun 24, 2024 | Grant | 10,310 | $4.85 |
| Keogh Elizabeth M.Officer — CHIEF LEGAL OFFICER | Jun 24, 2024 | Grant | 46,392 | $4.85 |
| Meredith ChristineOfficer — CHIEF OPERATING OFFICER | Jun 24, 2024 | Grant | 51,547 | $4.85 |
| Knott KarenOfficer — EVP AND CFO | Jun 24, 2024 | Grant | 46,392 | $4.85 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Mar 31, 2025 | 325,990 | 2.3 | +0.9% |
| Mar 14, 2025 | 322,958 | 14.9 | +9.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Director / officer change · Other material eventApr 1, 2025
- Director / officer changeMar 19, 2025
- Delisting / listing-standard notice · Other material eventMar 17, 2025
- Other material eventMar 14, 2025
- Results of operationsJan 30, 2025
- Shareholder vote · Other material eventDec 19, 2024
- Other material eventDec 6, 2024
- Results of operationsOct 30, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 9, 2025
- 15-12GApr 11, 2025
- S-8 POSApr 1, 2025
- S-8 POSApr 1, 2025
- S-8 POSApr 1, 2025
- S-8 POSApr 1, 2025
- 8-KFORM 8-KApr 1, 2025
- 25FORM 25Apr 1, 2025
- 4OWNERSHIP DOCUMENTMar 21, 2025
- 4OWNERSHIP DOCUMENTMar 21, 2025
- 4OWNERSHIP DOCUMENTMar 21, 2025
- 4OWNERSHIP DOCUMENTMar 21, 2025
- 10-K/AFORM 10-K/AMar 21, 2025
- 8-KFORM 8-KMar 19, 2025
- 8-KFORM 8-KMar 17, 2025
Event-driven situations (1)
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