Sterling Bancorp, Inc.
Sterling Bancorp, Inc. (SBT) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Sterling Bancorp, Inc. (SBT), covering cash flow, earnings, and balance sheets.
Sterling Bancorp, Inc. (SBT) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Sterling Bancorp, Inc. SBT financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $13.59M | $14.00M | $34.30M | $33.53M |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $13.59M | $14.00M | $34.30M | $33.53M |
| Gross Profit Ratio | $1.00 | $1.00 | $1.00 | $1.00 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $8.65M | $8.80M | $8.46M | $13.46M |
| Operating Expenses | $13.59M | $14.28M | $4.72M | $4.85M |
| Total Costs & Expenses | $13.59M | $14.00M | $32.33M | $33.83M |
| Interest Income | $33.63M | $34.35M | $33.86M | $199000.00 |
| Interest Expense | $20.11M | $20.74M | $19.47M | $248000.00 |
| Depreciation & Amortization | $240000.00 | $0.00 | $260000.00 | $276000.00 |
| EBITDA | $0.00 | $0.00 | $2.22M | $0.00 |
| EBITDA Ratio | $0.00 | $0.00 | $0.06 | $0.00 |
| Operating Income | $0.00 | $725000.00 | $2.23M | -$38000.00 |
| Operating Income Ratio | $0.00 | $0.05 | $0.06 | -$0.001 |
| Other Income/Expenses (Net) | $1.86M | $0.00 | -$1.83M | -$300000.00 |
| Income Before Tax | $1.86M | $725000.00 | $1.96M | -$300000.00 |
| Income Before Tax Ratio | $0.14 | $0.05 | $0.06 | -$0.009 |
| Income Tax Expense | $700000.00 | $868000.00 | $647000.00 | -$103000.00 |
| Net Income | $1.16M | -$143000.00 | $1.32M | -$197000.00 |
| Net Income Ratio | $0.09 | -$0.01 | $0.04 | -$0.006 |
| EPS | $0.02 | -$0.003 | $0.03 | -$0.004 |
| Diluted EPS | $0.02 | -$0.003 | $0.03 | -$0.004 |
| Weighted Avg Shares Outstanding | $50.97M | $51.06M | $50.92M | $50.84M |
| Weighted Avg Shares Outstanding (Diluted) | $51.34M | $51.06M | $51.35M | $50.84M |
The company's financials show resilient growth, with revenue advancing from $33.53M in Q1 2024 to $13.59M in Q4 2024. Gross profit remained healthy with margins at 100% in Q4 2024 compared to 100% in Q1 2024. Operating income hit $0.00 last quarter, sustaining a consistent N/A margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $0.00. Net income rose to $1.16M, while earnings per share reached $0.02. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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