Sterling National Bank
New York, NY — Domestic Branch of a Domestic Bank
Acquired Nov 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sterling National Bank | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 59,996 | 26,657 |
Income from Lease Financing Receivables | 7,719 | 65 |
— | 26 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 13 |
Income on Loans and Leases (TE) | 67,715 | 27,460 |
Investment Interest Income (TE) | 15,286 | 4,680 |
Total Interest Income (TE) | 83,391 | 34,573 |
Total Interest Expense | 5,935 | 5,310 |
Net Interest Income (TE) | 77,456 | 29,113 |
Non-Interest Income | 27,804 | 10,870 |
Adjusted Operating Income (TE) | 105,260 | 40,474 |
Non-interest Expense | 72,483 | 26,818 |
Provision for Loan & Lease Losses | 5,000 | 1,052 |
Pretax Operating Income (TE) | 27,777 | 12,553 |
Pretax Net Operating Income (TE) | 28,201 | 13,502 |
Applicable Income Taxes | 8,816 | 4,302 |
Net Operating Income | 16,939 | 8,622 |
Net Income | 16,939 | 8,622 |
Cash Dividends Declared | 7,887 | 1,666 |
Retained Earnings | 9,052 | 4,371 |