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Sterling Bancorp, Inc. (Southfield, MI) (SBT) Revenue & Revenue Breakdown

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Sterling Bancorp, Inc. (Southfield, MI) Revenue Highlights

Latest Revenue (Y)

$129.51M

Latest Revenue (Q)

$34.57M

Main Segment (Y)

Investment Management And Advisory Fees

Main Geography (Y)

Investment Management And Advisory Fees

Sterling Bancorp, Inc. (Southfield, MI) Revenue by Period

Sterling Bancorp, Inc. (Southfield, MI) Revenue by Year

DateRevenueChange
2023-12-31$129.51M61.59%
2022-12-31$80.15M-16.13%
2021-12-31$95.57M-13.20%
2020-12-31$110.10M-16.86%
2019-12-31$132.43M-6.83%
2018-12-31$142.14M24.78%
2017-12-31$113.91M26.09%
2016-12-31$90.34M36.43%
2015-12-31$66.22M-

Sterling Bancorp, Inc. (Southfield, MI) generated $129.51M in revenue during NA 2023, up 61.59% compared to the previous quarter, and up 91.12% compared to the same period a year ago.

Sterling Bancorp, Inc. (Southfield, MI) Revenue by Quarter

DateRevenueChange
2024-09-30$34.57M0.81%
2024-06-30$34.30M2.29%
2024-03-31$33.53M1.78%
2023-12-31$32.94M101.14%
2023-09-30$16.38M-9.49%
2023-06-30$18.09M0.79%
2023-03-31$17.95M-4.34%
2022-12-31$18.77M-2.15%
2022-09-30$19.18M-1.71%
2022-06-30$19.52M-13.97%
2022-03-31$22.68M-10.28%
2021-12-31$25.28M8.61%
2021-09-30$23.28M-0.22%
2021-06-30$23.33M-1.48%
2021-03-31$23.68M-8.01%
2020-12-31$25.74M-4.00%
2020-09-30$26.82M-5.48%
2020-06-30$28.37M-2.74%
2020-03-31$29.17M-9.81%
2019-12-31$32.34M-2.50%
2019-09-30$33.17M1.20%
2019-06-30$32.78M-3.94%
2019-03-31$34.13M-7.06%
2018-12-31$36.72M4.82%
2018-09-30$35.03M-3.11%
2018-06-30$36.15M5.61%
2018-03-31$34.23M15.10%
2017-12-31$29.74M-6.03%
2017-09-30$31.65M26.27%
2017-06-30$25.06M-8.72%
2017-03-31$27.46M27.35%
2016-12-31$21.56M-13.11%
2016-09-30$24.82M-

Sterling Bancorp, Inc. (Southfield, MI) generated $34.57M in revenue during Q3 2024, up 0.81% compared to the previous quarter, and up 191.06% compared to the same period a year ago.

Sterling Bancorp, Inc. (Southfield, MI) Revenue Breakdown

Sterling Bancorp, Inc. (Southfield, MI) Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 20Dec 19Dec 18
Investment Management And Advisory Fees$1.12M$1.58M$2.04M
Service Charges And Fees$426.00K--
Other Service Charges And Fees-$54.00K$48.00K
Interchange Fees-$114.00K$109.00K
Service Charges On Deposit Accounts-$277.00K$230.00K

Sterling Bancorp, Inc. (Southfield, MI)'s latest annual revenue breakdown by segment (product or service), as of Dec 20: Investment Management And Advisory Fees (72.52%), and Service Charges And Fees (27.48%).

Quarterly Revenue by Product

Product/ServiceMar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
Service Charges And Fees$159.00K$153.00K$61.00K$95.00K$117.00K$111.00K$112.00K$104.00K-----
Investment Management And Advisory Fees-$246.00K$310.00K$255.00K$313.00K$335.00K$477.00K$425.00K$340.00K$467.00K$445.00K$500.00K$623.00K
Interchange Fees---------$29.00K$28.00K$27.00K$25.00K
Service Charges On Deposit Accounts---------$66.00K$60.00K$52.00K$52.00K
Other Service Charges And Fees---------$13.00K$15.00K$13.00K$7.00K

Sterling Bancorp, Inc. (Southfield, MI)'s latest quarterly revenue breakdown by segment (product or service), as of Mar 21: Service Charges And Fees (100.00%).

Sterling Bancorp, Inc. (Southfield, MI) Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 20Dec 19Dec 18
Investment Management And Advisory Fees$1.12M$1.58M$2.04M
Service Charges And Fees$426.00K--
Interchange Fees-$114.00K$109.00K
Service Charges On Deposit Accounts-$277.00K$230.00K
Other Service Charges And Fees-$54.00K$48.00K

Sterling Bancorp, Inc. (Southfield, MI)'s latest annual revenue breakdown by geography, as of Dec 20: Investment Management And Advisory Fees (72.52%), and Service Charges And Fees (27.48%).

Quarterly Revenue by Country

CountryMar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
Service Charges And Fees$159.00K$153.00K$61.00K$95.00K$117.00K$111.00K$112.00K$104.00K-----
Investment Management And Advisory Fees-$246.00K$310.00K$255.00K$313.00K$335.00K$477.00K$425.00K$340.00K$467.00K$445.00K$500.00K$623.00K
Interchange Fees---------$29.00K$28.00K$27.00K$25.00K
Service Charges On Deposit Accounts---------$66.00K$60.00K$52.00K$52.00K
Other Service Charges And Fees---------$13.00K$15.00K$13.00K$7.00K

Sterling Bancorp, Inc. (Southfield, MI)'s latest quarterly revenue breakdown by geography, as of Mar 21: Service Charges And Fees (100.00%).

Sterling Bancorp, Inc. (Southfield, MI) Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SBTSterling Bancorp, Inc. (Southfield, MI)$129.51M$34.57M
FRAFFranklin Financial Services$91.60M$30.91M
CWBCCommunity West Bancshares$61.39M$27.26M
BSBKBogota Financial$38.42M$10.78M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M

SBT Revenue FAQ

What is Sterling Bancorp, Inc. (Southfield, MI)’s yearly revenue?

Sterling Bancorp, Inc. (Southfield, MI)'s yearly revenue for 2023 was $129.51M, representing an increase of 61.59% compared to 2022. The company's yearly revenue for 2022 was $80.15M, representing a decrease of -16.13% compared to 2021. SBT's yearly revenue for 2021 was $95.57M, representing a decrease of -13.20% compared to 2020.

What is Sterling Bancorp, Inc. (Southfield, MI)’s quarterly revenue?

Sterling Bancorp, Inc. (Southfield, MI)'s quarterly revenue for Q3 2024 was $34.57M, a 0.81% increase from the previous quarter (Q2 2024), and a 111.09% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $34.3M, a 2.29% increase from the previous quarter (Q1 2024), and a 89.53% increase year-over-year (Q2 2023). SBT's quarterly revenue for Q1 2024 was $33.53M, a 1.78% increase from the previous quarter (Q4 2023), and a 86.74% increase year-over-year (Q1 2023).

What is Sterling Bancorp, Inc. (Southfield, MI)’s revenue growth rate?

Sterling Bancorp, Inc. (Southfield, MI)'s revenue growth rate for the last 3 years (2021-2023) was 35.52%, and for the last 5 years (2019-2023) was -2.20%.

What are Sterling Bancorp, Inc. (Southfield, MI)’s revenue streams?

Sterling Bancorp, Inc. (Southfield, MI)'s revenue streams in c 20 are Investment Management And Advisory Fees, and Service Charges And Fees. Investment Management And Advisory Fees generated $1.12M in revenue, accounting 72.52% of the company's total revenue, down -28.73% year-over-year. Service Charges And Fees generated $426K in revenue, accounting 27.48% of the company's total revenue

What is Sterling Bancorp, Inc. (Southfield, MI)’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of Sterling Bancorp, Inc. (Southfield, MI) was Investment Management And Advisory Fees. This segment made a revenue of $1.12M, representing 72.52% of the company's total revenue.