Signature Bank (SBNY) Tops Q1 EPS by 1c

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Signature Bank Reports 2016 First Quarter Results

April 20, 2016 5:00 AM EDT

Net Income for the 2016 First Quarter Reached a Record $104.0 Million, or $1.97 Diluted Earnings Per Share, An Increase of $20.6 Million, or 24.8 Percent, from $83.4 Million, or $1.64 Diluted Earnings Per Share, Reported in the 2015 First Quarter Total Deposits in the First Quarter Grew $1.33 Billion to $28.11 Billion, Including Core Deposit Growth of $1.54 Billion; Total Deposits Have Grown $4.08 Billion, or 17.0 Percent, Since the End of the 2015 First Quarter. Average Deposits Increased $600.0 Million, or 2.2 Percent, in the 2016 First Quarter For the 2016 First Quarter, Loans Increased $1.25 Billion, or 5.3 Percent, to $25.04 Billion. Since the End of the... More