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Recap: Signature Bank Q3 Earnings

Benzinga Insights
·1 min read

Shares of Signature Bank (NASDAQ:SBNY) rose 0.9% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 4.73% over the past year to $2.62, which missed the estimate of $2.76.

Revenue of $412,926,000 higher by 23.63% from the same period last year, which missed the estimate of $421,410,000.

Looking Ahead

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

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

Details Of The Call

Date: Oct 20, 2020

View more earnings on SBNY

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=2749657&sessionid=1&key=5879C3CC06D0E27D3DE2102FDA57B2C9&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $148.64

52-week low: $68.98

Price action over last quarter: down 21.30%

Company Description

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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