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Last $146.48 USD
Change Today -1.82 / -1.23%
Volume 330.2K
SBNY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

signature bank (SBNY) Snapshot

Open
$147.56
Previous Close
$148.30
Day High
$147.96
Day Low
$145.56
52 Week High
07/21/15 - $155.84
52 Week Low
10/16/14 - $101.87
Market Cap
7.4B
Average Volume 10 Days
487.7K
EPS TTM
$6.53
Shares Outstanding
50.3M
EX-Date
--
P/E TM
22.4x
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 asset-based lending, mortgages, credit card accounts, and home equity loans. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and equipment finance and leasing, transportation financing, taxi medallion financing, commercial marine financing, and national franchise 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 March 19, 2015, the company operated 29 private client offices located in the New York metropolitan area. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

1,010 Employees
Last Reported Date: 03/3/15
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, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

Signature Bank announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported total interest income of $267.594 million against $224.067 million a year ago. Net interest income before provision for loan and lease losses was $236.299 million against $193.714 million a year ago. Income before income taxes was $152.185 million against $125.489 million a year ago. Net income was $90.462 million against $72.482 million a year ago. Diluted earnings per share were $1.77 against $1.48 a year ago. Return on average total assets was 1.24% against 1.22% a year ago. Return on average shareholders' equity was 13.64% against 13.84% a year ago. The record net income for the 2015 second quarter, versus the comparable quarter last year, is primarily due to an increase in net interest income, fueled by strong average deposit growth and loan growth. These factors were partially offset by an increase in non-interest expenses. Net interest income for the 2015 second quarter reached $236.3 million, up $42.6 million, or 22.0%, when compared with the 2014 second quarter. This increase is primarily due to growth in average interest-earning assets. For the six months, the company reported total interest income of $521.556 million against $439.835 million a year ago. Net interest income before provision for loan and lease losses was $458.796 million against $380.182 million a year ago. Income before income taxes was $295.247 million against $240.903 million a year ago. Net income was $173.852 million against $138.489 million a year ago. Diluted earnings per share were $3.40 against $2.85 a year ago. Return on average total assets was 1.22% against 1.20% a year ago. Return on average shareholders' equity was 13.50% against 13.66% a year ago. Book value per share as on June 30, 2015 was $53.06 against $45.80 as on June 30, 2014. The company’s net charge-offs for the second quarter of 2015 were $2.6 million, or 0.05% of average loans on an annualized basis, against $1.5 million, or 0.03%, for the 2015 first quarter and $718,000, or 0.02%, for the 2014 second quarter.

Signature Bank to Report Q2, 2015 Results on Jul 21, 2015

Signature Bank announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 21, 2015

Signature Bank, Q2 2015 Earnings Call, Jul 21, 2015

Signature Bank, Q2 2015 Earnings Call, Jul 21, 2015

 

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Industry Analysis

SBNY

Industry Average

Valuation SBNY Industry Range
Price/Earnings 22.8x
Price/Sales 8.5x
Price/Book 2.8x
Price/Cash Flow 22.5x
TEV/Sales 5.4x
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