Sterling Bank
Houston, TX — Domestic Branch of a Domestic Bank
Acquired Jul 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling Bank | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 67,910 | 3,909 |
Income from Lease Financing Receivables | 53 | 1 |
1 | 16 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 7 |
Income on Loans and Leases (TE) | 67,963 | 3,933 |
Investment Interest Income (TE) | 23,320 | 936 |
Total Interest Income (TE) | 91,814 | 5,055 |
Total Interest Expense | 11,999 | 814 |
Net Interest Income (TE) | 79,815 | 4,213 |
Non-Interest Income | 12,614 | 829 |
Adjusted Operating Income (TE) | 92,429 | 5,080 |
Non-interest Expense | 83,061 | 3,459 |
Provision for Loan & Lease Losses | 20,000 | 217 |
Pretax Operating Income (TE) | -10,632 | 1,359 |
Pretax Net Operating Income (TE) | -12,199 | 1,391 |
Applicable Income Taxes | -2,919 | 139 |
Net Operating Income | -9,280 | 1,094 |
Net Income | -9,280 | 1,095 |
Cash Dividends Declared | — | 355 |
Retained Earnings | -9,280 | 636 |