STL

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

Retrieved on: 
Wednesday, January 26, 2022 - 11:44pm

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.

Key Points: 
  • 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.
  • The Gap is more representative of the mid-cap market space, and Jack in the Box is more representative of the small-cap market space.
  • S&P SmallCap 600 constituent Watts Water Technologies Inc. (NYSE:WTS) will replace Sterling Bancorp/DE (NYSE:STL) in the S&P MidCap 400, and Hostess Brands Inc. (NASD:TWNK) will replace Watts in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 1.
  • Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

Retrieved on: 
Wednesday, January 19, 2022 - 9:05pm

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.

Key Points: 
  • 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.
  • Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers.
  • For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com .

STL poised for growth; declares solid wins in new markets and accelerates investments in 5G

Retrieved on: 
Wednesday, January 19, 2022 - 12:00pm

MUMBAI, India, Jan. 19, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry leading integrator of digital networks, announced its financial results for the quarter ended December 31, 2021. With its focused global expansion strategy, STL reached a robust order book of Rs 117 Bn and recorded revenues of Rs 13.6 Bn.

Key Points: 
  • With its focused global expansion strategy, STL reached a robust order book of Rs 117 Bn and recorded revenues of Rs 13.6 Bn.
  • Over the past few quarters, STL took some bold bets to drive aggressive growth in this decade of network creation.
  • STL also charted its course for becoming a Net-Zero company by 2030, and launched an integrated 5G offering to cater to the global demand.
  • STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers.

STL poised for growth; declares solid wins in new markets and accelerates investments in 5G

Retrieved on: 
Wednesday, January 19, 2022 - 11:54am

MUMBAI, India, Jan. 19, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry leading integrator of digital networks, announced its financial results for the quarter ended December 31, 2021. With its focused global expansion strategy, STL reached a robust order book of Rs 117 Bn and recorded revenues of Rs 13.6 Bn.

Key Points: 
  • With its focused global expansion strategy, STL reached a robust order book of Rs 117 Bn and recorded revenues of Rs 13.6 Bn.
  • Over the past few quarters, STL took some bold bets to drive aggressive growth in this decade of network creation.
  • STL also charted its course for becoming a Net-Zero company by 2030, and launched an integrated 5G offering to cater to the global demand.
  • STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers.

Sterling National Bank Announces Its Participation in the USDF Consortium™

Retrieved on: 
Thursday, January 13, 2022 - 1:00pm

The Consortium is doing the foundational work to allow banks to leverage blockchain technology to drive responsible innovation and growth.

Key Points: 
  • The Consortium is doing the foundational work to allow banks to leverage blockchain technology to drive responsible innovation and growth.
  • said Matt Smith, Segment Executive Direct Bank and Banking-as-Service at Sterling National Bank.
  • said Derek Green, Chief Data Officer of Sterling National Bank.
  • Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.

STL and Robin.io Announce Strategic Collaboration to Deliver Core Technologies to Empower 5G Stacks for Enterprises and Cloud Service Providers

Retrieved on: 
Thursday, January 13, 2022 - 7:00am

The Xaas solution will leverage the STL Enterprise Marketplace Platform with the Robin Cloud-Native Platform (CNP) to deliver enterprise applications and 5G services effectively.

Key Points: 
  • The Xaas solution will leverage the STL Enterprise Marketplace Platform with the Robin Cloud-Native Platform (CNP) to deliver enterprise applications and 5G services effectively.
  • STL Enterprise Marketplace is a new-age, platform-based model that simplifies collaboration and has the potential to open up multi-sided marketplace opportunities.
  • The Platform brings together service providers, partners and enterprise customers from different verticals on the same Platform.
  • STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers.

Sterling Bancorp Announces Strategic Investment in JAM FINTOP Blockchain, LP

Retrieved on: 
Tuesday, January 11, 2022 - 1:00pm

The fund is managed by JAM Special Opportunity Ventures, an affiliate of Jacobs Asset Management, LLC (JAM), and FINTOP Capital.

Key Points: 
  • The fund is managed by JAM Special Opportunity Ventures, an affiliate of Jacobs Asset Management, LLC (JAM), and FINTOP Capital.
  • Sterling is one of a group of Strategic Lead Investors in the fund which includes Figure Technologies, Inc. and Piper Sandler Companies and will sit on the JAM FINTOP Blockchain Committee.
  • JAM FINTOP is a joint venture between JAM Special Opportunity Ventures (JSOV), an affiliate of Jacobs Asset Management (JAM), and FINTOP Capital.
  • JAM FINTOP Banktech raised $150 million in April 2021 to help accelerate technology adoption at community banks across the United States.

Sterling Bancorp to Announce Fourth Quarter and Full Year 2021 Results

Retrieved on: 
Friday, January 7, 2022 - 9:10pm

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.

Key Points: 
  • 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.
  • Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities it serves through teams of dedicated and experienced relationship managers.
  • Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.

KBRA Assigns Ratings to Webster Financial Corporation

Retrieved on: 
Thursday, January 6, 2022 - 8:16pm

KBRA assigns a senior unsecured debt rating of A-, a subordinated debt rating of BBB+, a preferred stock rating of BBB, and a short-term debt rating of K2 to Connecticut-based Webster Financial Corporation (NYSE: WBS) (Webster or the company).

Key Points: 
  • KBRA assigns a senior unsecured debt rating of A-, a subordinated debt rating of BBB+, a preferred stock rating of BBB, and a short-term debt rating of K2 to Connecticut-based Webster Financial Corporation (NYSE: WBS) (Webster or the company).
  • In addition, KBRA assigns deposit and senior unsecured debt ratings of A, a subordinated debt rating of A-, and short-term deposit and debt ratings of K1 to Webster Bank, N.A., its principal subsidiary.
  • A demonstrable increase in risk tolerance, unexpected asset quality deterioration, together with more aggressive financial management than anticipated, could have negative ratings ramifications.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

STL commits to net-zero emissions by 2030, strengthens sustainability focus

Retrieved on: 
Wednesday, January 5, 2022 - 12:33pm

As STL drives digital networks of the future, it is accelerating its efforts towardsnet-zero manufacturing and sustainable network build strategies.

Key Points: 
  • As STL drives digital networks of the future, it is accelerating its efforts towardsnet-zero manufacturing and sustainable network build strategies.
  • They have committed to reducing emissions and limiting the average annual temperature rise to 1.5o.
  • According to estimates, the Internet and supporting network components account for ~3.7% of global greenhouse emissions.
  • Commenting on STL's sustainability initiatives, Ankit Agarwal, MD, STL, said,"As STL continues to transform billions of lives through digital networks, mainstreaming climate control actions is at the core of our business practices.