Last $118.46 USD
Change Today +0.95 / 0.81%
Volume 157.8K
SBNY On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

signature bank (SBNY) Snapshot

Open
$117.53
Previous Close
$117.51
Day High
$118.80
Day Low
$116.91
52 Week High
03/4/14 - $133.09
52 Week Low
09/3/13 - $86.09
Market Cap
6.0B
Average Volume 10 Days
215.1K
EPS TTM
$5.44
Shares Outstanding
50.3M
EX-Date
--
P/E TM
21.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SIGNATURE BANK (SBNY)

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signature bank (SBNY) Details

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposits, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as credit card accounts and home equity loans. In addition, it provides investment and asset management products and services consisting of various individual securities, such as equities, options, fixed income securities, mutual funds, and annuities, as well as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients; and equipment finance and leasing, transportation financing, and taxi medallion financing services. Further, the company offers wealth management services to its high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of small business administration loans. As of December 31, 2013, the company operated 27 private client offices located in the New York metropolitan area. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

945 Employees
Last Reported Date: 03/2/14
Founded in 2000

signature bank (SBNY) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $624.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.0K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $387.0K
Executive Vice President of Corporate & Busin...
Total Annual Compensation: $357.9K
Compensation as of Fiscal Year 2013.

signature bank (SBNY) Key Developments

Signature Bank Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairments and Net Charge-Offs for the Second Quarter Ended June 30, 2014

Signature Bank announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company's net income for the 2014 second quarter reached a record $72.5 million, or $1.48 diluted earnings per share, versus $53.6 million, or $1.12 diluted earnings per share, for the 2013 second quarter. The record net income for the 2014 second quarter, versus the comparable quarter last year, is primarily due to an increase in net interest income, fueled by record deposit growth and strong loan growth. These factors were partially offset by an increase in non-interest expenses. Net interest income reached $193.7 million, up $39.2 million, or 25.4%, when compared with the 2013 second quarter. This increase is primarily due to growth in average interest-earning assets. Net interest income before provision for loan and lease losses was $193,714,000 against $154,531,000 a year ago. Income before income taxes $125,489,000 against $92,703,000 a year ago. Return on average total assets was 1.22% against 1.14% a year ago. Return on average shareholders' equity was 13.84% against 12.57% a year ago. Total interest income was $224,067,000 against $180,286,000 a year ago. Book value per share was $45.80 as at June 30, 2014 against $36.10 as at June 30, 2013. Net income - excluding after tax effect of net gains on sales of securities and net impairment losses on securities recognized in earnings was $70,185,000 or $1.48 per diluted share against $53,599,000 or $1.12 per diluted share a year ago. For the six months period, the company reported net interest income before provision for loan and lease losses of $380,182,000 against $302,639,000 a year ago. Income before income taxes $240,903,000 against $180,789,000 a year ago. Net income was $138,489,000 or $2.85 per diluted share against $104,235,000 or $2.18 per diluted share a year ago. Return on average total assets was 1.20% against 1.15% a year ago. Return on average shareholders' equity was 13.66% against 12.52% a year ago. Book value per share was $45.80 as at June 30, 2014 against $36.10 as at June 30, 2013. Net income - excluding after tax effect of net gains on sales of securities and net impairment losses on securities recognized in earnings was $136,291,000 or $2.85 per diluted share against $104,085,000 or $2.18 per diluted share a year ago. Total interest income was $439,835,000 compared to $353,917,000 a year ago. For the quarter, the company announced total impairment losses on securities of $1,761,000 against $1,048,000 a year ago and net impairment losses on securities recognized in earnings $436,000 against $893,000 a year ago. The company also announced net charge-offs for the 2014 second quarter of $718,000, or 0.02% of average loans on an annualized basis, versus net recoveries of $244,000, or 0.01%, for the 2014 first quarter and net charge-offs of $3.5 million, or 0.13%, for the 2013 second quarter.

Signature Bank to Report Q2, 2014 Results on Jul 22, 2014

Signature Bank announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 22, 2014

Signature Bank, Q2 2014 Earnings Call, Jul 22, 2014

Signature Bank, Q2 2014 Earnings Call, Jul 22, 2014

 

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SBNY

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Valuation SBNY Industry Range
Price/Earnings 21.6x
Price/Sales 7.9x
Price/Book 2.6x
Price/Cash Flow 22.5x
TEV/Sales 4.6x
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