Signature Bank (SBNY) Tops Q4 EPS by 2c

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Go back to Signature Bank (SBNY) Tops Q4 EPS by 2c

Signature Bank Reports 2016 Fourth Quarter and Year-End Results

January 19, 2017 5:00 AM EST

Net Income Reached Record Levels in 2016

Net Income for the 2016 Fourth Quarter Reached a Record $113.9 Million, or $2.11 Diluted Earnings Per Share, An Increase of $10.9 Million, or 10.6 Percent, from $103.0 Million, or $2.01 Diluted Earnings Per Share Reported in the 2015 Fourth Quarter. Net Income for 2016 Reached a Record $396.3 Million, or $7.37 Diluted Earnings Per Share, Compared with $373.1 Million or $7.27 Diluted Earnings Per Share in 2015, Up $23.3 Million, or 6.2 Percent. Total Deposits Rose $465.9 Million to $31.86 Billion, in the Fourth Quarter. Average Deposits Increased $1.16 Billion, or 3.8 Percent, in the 2016 Fourth Quarter.... More