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Last $146.39 USD
Change Today +0.83 / 0.57%
Volume 160.9K
SBNY On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 1:16 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

signature bank (SBNY) Snapshot

Open
$147.06
Previous Close
$145.56
Day High
$147.75
Day Low
$145.52
52 Week High
06/23/15 - $149.65
52 Week Low
10/16/14 - $101.87
Market Cap
7.4B
Average Volume 10 Days
318.3K
EPS TTM
$6.24
Shares Outstanding
50.3M
EX-Date
--
P/E TM
23.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for SIGNATURE BANK (SBNY)

signature bank (SBNY) Related Businessweek News

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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 Elects Barney Frank to Its Board of Directors

Signature Bank announced the election of former U.S. Congressman Barney Frank to its Board of Directors, effective June 17, 2015. Frank fills the seat left vacant by the recent passing of Alfred B. DelBello, who had served on Signature Bank’s board since January 2003, and also was Lead Independent Director since December 2011. Frank served as a U.S. Congressman representing the 4th District of Massachusetts from 1981-2013 and also was Chairman of the House Financial Services Committee from 2007-2011. While in Congress, Frank worked to address America’s spending priorities to reduce the deficit and protect funding for important quality-of-life needs at home. Prior to serving in Congress, Frank spent eight years as a state Representative in Massachusetts and earlier, served as Chief of Staff to Congressman Michael Harrington and Chief Assistant to Mayor Kevin White of Boston.

Signature Bank Presents at Morgan Stanley Financials Conference 2015, Jun-10-2015 10:55 AM

Signature Bank Presents at Morgan Stanley Financials Conference 2015, Jun-10-2015 10:55 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Eric R. Howell, Executive Vice President of Corporate & Business Development, Joseph J. DePaolo, Chief Executive Officer, President, Executive Director and Member of Risk Committee.

Signature Bank Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Records Net Charge Offs for First Quarter Ended March 31, 2015

Signature Bank reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net income for the 2015 first quarter reached $83.4 million, or $1.64 diluted earnings per share, versus $66.0 million, or $1.37 diluted earnings per share, for the 2014 first quarter. Net interest income for the 2015 first quarter reached $222.5 million, up $36.0 million, or 19.3%, when compared with the 2014 first quarter. This increase is primarily due to growth in average interest-earning assets. Income before income taxes was $143,061,000 against $115,414,000 a year ago. Return on average total assets was 1.21% against 1.18% a year ago. Return on average shareholders' equity was 13.22% against 14.42% a year ago. The considerable improvement in net income is mainly the result of an increase in net interest income primarily driven by strong deposit growth and loan growth, each again surpassing $1 billion. These factors were partially offset by an increase in noninterest expense attributable to revenue growth initiatives as well as, in part, regulatory and compliance costs. Net charge offs for the 2015 first quarter were $1.5 million, or 0.03%, of average loans on an annualized basis.

 

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Industry Analysis

SBNY

Industry Average

Valuation SBNY Industry Range
Price/Earnings 24.0x
Price/Sales 8.9x
Price/Book 2.9x
Price/Cash Flow 23.9x
TEV/Sales 6.4x
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