Signature Bank (SBNY)
| Market Cap | 4.41B |
| Revenue (ttm) | 2.70B |
| Net Income (ttm) | 1.34B |
| Shares Out | 62.97M |
| EPS (ttm) | 16.13 |
| PE Ratio | 4.34 |
| Forward PE | 6.55 |
| Dividend | $2.38 (3.40%) |
| Ex-Dividend Date | Jan 26, 2023 |
| Volume | n/a |
| Open | 75.03 |
| Previous Close | 90.76 |
| Day's Range | 61.37 - 90.67 |
| 52-Week Range | 61.37 - 319.93 |
| Beta | 1.66 |
| Analysts | Strong Buy |
| Price Target | 237.19 (+121.49%) |
| Earnings Date | Apr 18, 2023 |
About SBNY
Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative ... [Read more]
Financial Performance
In 2022, Signature Bank's revenue was $2.70 billion, an increase of 34.72% compared to the previous year's $2.00 billion. Earnings were $1.34 billion, an increase of 45.58%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for SBNY stock is "Strong Buy." The 12-month stock price forecast is $237.19, which is an increase of 121.49% from the latest price.
News
CSI Customer Signature Bank of Arkansas Opens New Banco Sí Branch, Flagship Location Celebrates Two-Year Anniversary
PADUCAH, Ky. & SPRINGDALE, Ark.--(BUSINESS WIRE)--Signature Bank of Arkansas, a community bank headquartered in Northwest Arkansas, recently opened its second Banco Sí location in Springdale. The new ...
NYCB acquired Signature Bank assets with total fair value of $37.8 billion
New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.
Morgan Stanley to buy $700 mln property loans tied to Signature Bank, Bloomberg reports
Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday, citing people familiar with the m...
Diameter Capital's Goodwin sees value in failed Signature Bank's bonds, stock
Scott Goodwin, co-founder of credit asset management firm Diameter Capital, said he sees value in investing in bonds and stocks of failed Signature Bank.
Signature Bank's Collapse One Year Ago Today
On this day one year ago was the collapse of Signature Bank.
Signature Bank discounting CRE loans is mind-boggling, says NY Real Estate Capital's George Klett
George Klett, president of the New York Real Estate Capital Corp, joins 'The Exchange' to discuss the sale of Signature Bank CRE loans, the outlook for commercial real estate, and more.
Blackstone frontrunner in Signature Bank commercial-property loan sale- Bloomberg News
Blackstone is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's sale of Signature Bank debt, Bloomberg News reported on Sunday.
Rent-stabilized housing in focus as bids for $33 billion Signature Bank portfolio comes due
Bids are coming due on the biggest commercial-real estate transaction of its kind, at a crucial moment for property markets.
FDIC Inspector General's Signature Bank report flags missed opportunities by regulators ahead of bank failure
The Federal Deposit Insurance Corp. Inspector General's review of the FDIC's actions around the collapse of Signature Bank concluded in a report on Tuesday that the FDIC missed opportunities to downgr...
PNC earnings to be boosted buying capital commitment portfolio from ex-Signature Bank
PNC Financial Services Group Inc. PNC, -2.24% said Tuesday it's purchasing a $16.6 billion portfolio of Signature Bridge Bank NA commitment facilities from the Federal Insurance Deposit Corp. for an u...
FDIC launches sale of $18.5 bln of Signature Bank loans - Bloomberg News
The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investi...
New York Community Bancorp profit up 148% with boost from Signature Bank acquisition, as stock rises
New York Community Bancorp Inc. NYCB, +2.31% stock was up 5.9% in premarket trades on Thursday after the lender's profit rose by 150% and beat analyst estimates with the addition of its acquisition of...
A Tale of 2 Banking Crises
In this analysis, I explore the key differences between the 2008 and the 2023 banking crisis, examining their causes, impacts and responses. While the 2008 crisis was a global meltdown that required m...
Senators aim to claw back pay from failed banks' CEOs, but deal with competing bills
There could be further progress Wednesday in the bipartisan push to take back pay from executives at failed banks, as the Senate Banking Committee is slated to consider a bill that would permit regula...
Customer Bancorp buys a Signature Bank loan portfolio from the FDIC
Customers Bancorp CUBI, +6.36% stock is up 0.5% in premarket trades Friday after the firm said it acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book valu...
Sen. Elizabeth Warren's (D-MA) biggest takeaways from SVB, Signature Bank executives' testimonies
Yahoo Finance's Jennifer Schonberger breaks down Senator Elizabeth Warren's (D-MA) sentiments regarding the testimonies of Silicon Valley Bank and Signature Bank executives and her calls for further i...
SVB and Signature Bank executives should be exposed for mismanagement: Sen. Reed (D-RI)
Senator Jack Reed (D-RI) discusses the ongoing banking crisis in wake of the collapses of SVB and Signature Bank and breaks down the potential for legislative action to be taken against mismanagement ...
SVB and Signature bank executives testify before Senate on recent bank failures
American Banker Washington Bureau Chief John Heltman joins Yahoo Finance Live to discuss the ongoing testimony of SVB and Signature Bank executives at the U.S. Senate hearings.
Former SVB, Signature Bank Leaders to Face Senate Panel
The Banking Committee Chairman said the banks ignored warnings from federal and state officials in the face of glaring risks from customer and industry concentration.
Why America needs regional banks
To some, the question of where to keep your money safe might seem obvious — go with one of the big guys, the banks that have been deemed "too big to fail." Their ATMs and branches are ubiquitous, thei...
SVB and Signature Bank execs set to testify before the Senate this week
Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financial crisis this year: the March bank failures that ...
Former top execs of SVB and Signature Bank will testify at Senate hearing this month
The hearing will mark the first time the ex-SVB and Signature officials speak in public about the bank failures that regulators feared could set off a crisis.
First Eagle 1Q23 Market Overview: My Ever-Changing Moods
Market sentiment has fluctuated wildly in recent months as participants try to discern the path of central bank policy.
SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq
SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced on Friday, following the failure of both banks an...
FDIC attributes Signature Bank's failure to pursuit of 'rapid, unrestrained growth'
CNBC's Leslie Picker joins 'The Exchange' to discuss the FDIC post-mortem on Signature Bank, the issues behind Signature Bank's risk management, and concerns around regulatory supervision of crypto as...