Signature Bank (SBNY) Tops Q1 EPS by 38c
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Signature Bank Reports 2017 First Quarter Results
April 19, 2017 5:00 AM EDTNet Income for the 2017 First Quarter Reached a Record $133.9 Million, or $2.48 Diluted Earnings Per Share, An Increase of $29.9 Million, or 28.7 Percent, from $104.0 Million, or $1.97 Diluted Earnings Per Share, Reported in the 2016 First Quarter 2017 First Quarter Net Income Included a Net Tax Benefit for $14.4 Million Related to a Change in the 2015 New York City Tax Code. Additionally, Tax Expense Included a $2.9 Million Benefit Related to the Adoption of New Stock Based Compensation Guidance. Excluding These Items, Net Income for the 2017 First Quarter Would Have Been a Record $116.6 Million, or $2.15 Diluted Earnings... More
