Signature Bank Reports 2018 Second Quarter Results
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Signature Bank (SBNY) PT Lowered to $145 at Piper Jaffray Following 2Q Report
July 20, 2018 7:42 AM EDTPiper Jaffray lowered its price target on Signature Bank (NASDAQ: SBNY) to $145.00 (from $150.00) while maintaining an Overweight rating following the company's 2Q earnings report. Despite a headline EPS beat vs. consensus, driven by solid +10% annualized loan growth and tight expense controls, Piper Jaffray... More
Signature Bank (SBNY) Tops Q2 EPS by 3c
July 19, 2018 5:59 AM EDTSignature Bank (NASDAQ: SBNY) reported Q2 EPS of $2.83, $0.03 better than the analyst estimate of $2.80.
Bank Announces Inaugural Quarterly Dividend of $0.56 Per ShareNet Income for the 2018 Second Quarter Was $154.6 Million, or $2.83 Diluted Earnings Per Share Versus $14.0 Million, or $0.26 Diluted Earnings Per Share, Reported in the 2017 Second Quarter. Excluding Provision Expense and Write-Downs for the Taxi Medallion Portfolio, 2017 Second Quarter Net Income Would Have Been $120.2 Million, or $2.21 Diluted Earnings Per ShareThe Bank Declared a Cash Dividend of $0.56 Per Share, Payable on or After August 15, 2018 to Common Shareholders of Record at the... More