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STERLING FINANCIAL CORP (STSA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  338.9331.5322.4359.6479.4   
        Interest income on investments        79.388.4
       379.0389.2404.3445.1599.3 79.388.4
    Interest expense:  
        Interest on deposits  23.937.759.694.7169.30.0203.4135.7
        Interest on borrowings       0.0134.0101.7
       54.884.5109.1161.1255.40.0337.4237.4
Net interest income  324.2304.7295.2284.0344.00.0416.7325.8
Provision for loan losses   10.030.0250.2681.4   
Net interest income after provision for loan losses  324.2294.7265.233.8-337.40.0416.7 
        Deposit and loan fees  60.955.850.154.758.3   
        Gain on sale of investments, net   17.016.225.713.5   
        Other non-interest income  79.7266.760.0207.252.0   
Total non-interest income  140.6339.5126.3287.7123.8   
Non-interest expenses  333.3355.3352.4395.0597.5   
Equity in earnings   2.5      
Pre-tax income before non-recurring items  131.593.739.1-225.6-583.60.00.00.0
Non-recurring items     -1.3    
Asset impairment      227.6   
Pre-tax income  131.593.739.1-224.3-811.10.00.00.0
Income taxes  0.0292.00.00.00.00.00.00.0
            Tax rate  0.0%311.8%0.0%0.0%0.0%   
Net income  93.6385.739.1-756.1-855.50.00.00.0
            Net margin  20.1%60.8%10.0%-235.2%-336.5%0.0%0.0%0.0%
   
Basic EPS  $1.50$6.21$0.63($53.05)($1,087.41)   
Diluted EPS  $1.48$6.14$0.63($53.05)($1,087.41)   
   
Shares outstanding (basic)  62.362.162.014.30.8   
Shares outstanding (diluted)  63.462.862.214.30.8   
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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