Sterling Bancorp (Southfield MI) Past Earnings Performance
Past criteria checks 1/6
Sterling Bancorp (Southfield MI)'s earnings have been declining at an average annual rate of -47.8%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 10.6% per year. Sterling Bancorp (Southfield MI)'s return on equity is 2.4%, and it has net margins of 10.4%.
Key information
-47.8%
Earnings growth rate
-46.8%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | -10.6% |
| Return on equity | 2.4% |
| Net Margin | 10.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Sterling Bancorp (Southfield MI) makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 74 | 8 | 61 | 0 |
| 31 Dec 23 | 76 | 7 | 63 | 0 |
| 30 Sep 23 | 76 | -16 | 67 | 0 |
| 30 Jun 23 | 81 | -15 | 69 | 0 |
| 31 Mar 23 | 80 | -20 | 69 | 0 |
| 31 Dec 22 | 90 | -14 | 69 | 0 |
| 30 Sep 22 | 103 | 12 | 69 | 0 |
| 30 Jun 22 | 103 | 21 | 65 | 0 |
| 31 Mar 22 | 108 | 26 | 66 | 0 |
| 31 Dec 21 | 105 | 23 | 64 | 0 |
| 30 Sep 21 | 72 | 4 | 70 | 0 |
| 30 Jun 21 | 72 | -6 | 79 | 0 |
| 31 Mar 21 | 71 | -7 | 80 | 0 |
| 31 Dec 20 | 55 | -13 | 74 | 0 |
| 30 Sep 20 | 89 | -15 | 66 | 0 |
| 30 Jun 20 | 97 | -1 | 55 | 0 |
| 31 Mar 20 | 106 | 10 | 49 | 0 |
| 31 Dec 19 | 133 | 29 | 46 | 0 |
| 30 Sep 19 | 136 | 59 | 46 | 0 |
| 30 Jun 19 | 138 | 61 | 44 | 0 |
| 31 Mar 19 | 140 | 63 | 43 | 0 |
| 31 Dec 18 | 139 | 63 | 42 | 0 |
| 30 Sep 18 | 132 | 54 | 40 | 0 |
| 30 Jun 18 | 129 | 50 | 38 | 0 |
| 31 Mar 18 | 118 | 43 | 35 | 0 |
| 31 Dec 17 | 111 | 38 | 34 | 0 |
| 30 Sep 17 | 102 | 38 | 31 | 0 |
| 30 Jun 17 | 95 | 35 | 29 | 0 |
| 31 Mar 17 | 93 | 35 | 28 | 0 |
| 31 Dec 16 | 89 | 33 | 27 | 0 |
| 31 Dec 15 | 66 | 23 | 23 | 0 |
Quality Earnings: SBT has a large one-off gain of $5.9M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: SBT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SBT's earnings have declined by 47.8% per year over the past 5 years.
Accelerating Growth: SBT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SBT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (-12.4%).
Return on Equity
High ROE: SBT's Return on Equity (2.4%) is considered low.