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Market Overview

Recap: Signature Bank Q4 Earnings

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Shares of Signature Bank (NASDAQ:SBNY) remained unaffected after the company reported Q4 results.

Quarterly Results

Earnings per share were up 17.27% year over year to $3.26, which beat the estimate of $2.89.

Revenue of $419,174,000 rose by 21.29% year over year, which missed the estimate of $419,430,000.

Looking Ahead

Signature Bank hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 21, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Finvestor.signatureny.com%2F&eventid=2950183&sessionid=1&key=FEB890D851398D37DBBAD5C5215C6817&regTag=&V2=false&sourcepage=register

Price Action

Company's 52-week high was at $160.53

Company's 52-week low was at $68.98

Price action over last quarter: Up 86.94%

Company Profile

Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of the revenue from the Commercial banking segment which consists principally of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal and national franchise financing and leasing.

 

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Posted-In: BZI-RecapsEarnings News

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