Constellation Energy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK, Jan. 26, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600: Constellation Energy Corp. (NASD:CEG) will replace The Gap Inc. (NYSE:GPS) in the S&P 500, The Gap will replace Jack in the Box Inc. (NASD:JACK) in the S&P MidCap 400, and Jack in the Box will replace Spectrum Pharmaceuticals Inc.(NASD:SPPI) in the S&P SmallCap 600 prior to the opening of trading on Thursday, February 3. S&P 500 and 100 constituent Exelon Corp. (NASD: EXC) is spinning off Constellation Energy in a transaction expected to be completed on February 2.

PRNewsWire • Jan 26, 2022

Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

PEARL RIVER, N.Y., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable February 18, 2022, to holders of record as of January 24, 2022.

GlobeNewsWire • Jan 19, 2022

Sterling Bancorp announces results for the fourth quarter and full year of 2021. Reporting record diluted earnings per share available to common stockholders in the fourth quarter of 2021 of $0.57 (as reported) and $0.64 (as adjusted).

GAAP net income available to common stockholders was $109.6 million.

GlobeNewsWire • Jan 19, 2022

Sterling National Bank Announces Its Participation in the USDF Consortium™

PEARL RIVER, N.Y., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) announced today its participation in the USDF ConsortiumTM, an association of FDIC-insured financial institutions, whose objective is to advance the adoption and interoperability of a bank-minted stablecoin, USDFTM. USDF will be established on the Provenance Network, a public blockchain that supports real-time payment capabilities and will facilitate faster, cheaper, more secure money movement. USDF seeks to address many of the regulatory concerns raised related to non-bank minted stablecoins.

GlobeNewsWire • Jan 13, 2022

Sterling Bancorp (STL) Earnings Expected to Grow: Should You Buy?

Sterling Bancorp (STL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Jan 12, 2022

Sterling Bancorp to Announce Fourth Quarter and Full Year 2021 Results

PEARL RIVER, N.Y., Jan. 07, 2022 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that it plans to release results for the fourth quarter and full year ended December 31, 2021 after the market close on Wednesday, January 19, 2022. Sterling will not host an earnings call given its pending merger with Webster Financial Corporation.

GlobeNewsWire • Jan 7, 2022

Webster (WBS) & Sterling (STL) Merger Gets Regulatory Nod

Webster Financial (WBS) and Sterling (STL) receives a green flag from the Federal Reserve System for the merger deal, reflecting the regulator's confidence in the rationale behind and the synergies of the merger.

Zacks Investment Research • Dec 21, 2021

WEBSTER, STERLING ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER

WATERBURY, Conn. and PEARL RIVER, N.Y., Dec. 20, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies. As previously announced, the Office of the Comptroller of the Currency has also approved the merger of the respective bank subsidiaries of Webster and Sterling, Webster Bank, National Association and Sterling National Bank. All required regulatory approvals to complete the merger have now been received.

PRNewsWire • Dec 20, 2021

Sterling Bancorp Announces Strategic Investment in Goalsetter

PEARL RIVER, N.Y., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) today announced it has made a strategic investment in Goalsetter , an innovative mobile banking company aimed at promoting financial literacy and empowerment amongst K-12 students. According to studies compiled by the U.S. Financial Literacy and Education Commission, only one third of adults can answer at least four of five financial literacy questions on fundamental concepts such as mortgages, interest rates, inflation and risk. Goalsetter proactively addresses these knowledge gaps through educational resources, budgeting tips, and planning tools that promote financial literacy and learning, while augmenting the experience with an FDIC insured deposit product and online and in-store spending through its Cashola™ debit card.

GlobeNewsWire • Dec 17, 2021

Sterling Bancorp Declares Quarterly Dividend on Preferred Stock

PEARL RIVER, N.Y., Dec. 10, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). The dividend is payable on January 14, 2022 to shareholders of record as of December 30, 2021.

GlobeNewsWire • Dec 10, 2021