Sterling Bancorp, Inc. - Common Stock (SBT)

Competitors to Sterling Bancorp, Inc. - Common Stock (SBT)

Berdon

Berdon is a financial services firm that primarily offers accounting and advisory services. While Sterling Bancorp focuses on banking services, Berdon competes by providing financial consulting, tax services, and audit solutions, catering to small and mid-sized businesses. Both companies aim to attract similar clientele but utilize different service models, with Berdon benefitting from a strong reputation in advisory services, while Sterling holds a banking license that allows for a broader range of financial products.

Citizens Financial Group 

Citizens Financial Group is a larger, diversified financial institution that provides a wide spectrum of financial services, including retail and commercial banking, as well as wealth management. While Sterling Bancorp is focused on a more niche market, Citizens competes by leveraging its extensive branch network, advanced technology in customer service, and a more substantial capital base, providing it with a competitive advantage in scale and resource availability.

East West Bancorp, Inc.

East West Bancorp specializes in serving the Asian American community and focuses heavily on international banking. As both institutions operate within the regional banking sector, they compete for similar deposits and loan customers. East West Bancorp has a competitive edge with its strong brand loyalty and cross-border banking services that appeal to domestic and international clients, giving it a solid foothold in niche markets.

First Financial Corp. 

First Financial Corp. is a bank holding company that operates primarily in commercial banking, and like Sterling Bancorp, it offers a wide range of banking services including loans, deposits, and investment products. The companies compete directly for market share in their regional markets. First Financial has a competitive advantage due to its larger scale and diversified operations, which allows it to absorb changes in the market more effectively than Sterling.

PacWest Bancorp

PacWest Bancorp focuses on providing various financial services, including commercial banking and treasury management, directly competing with Sterling Bancorp in offering loans and deposit services to both retail and commercial clients. PacWest has a competitive advantage in its robust transaction-focused banking model, which allows for quicker service delivery and enhanced customer relationship management compared to Sterling.