Signature Bank (SBNY) Tops Q2 EPS by 3c

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Signature Bank Reports 2018 Second Quarter Results

July 19, 2018 5:00 AM EDT

Bank Announces Inaugural Quarterly Dividend of $0.56 Per Share

Net 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 Share The Bank Declared a Cash Dividend of $0.56 Per Share, Payable on or After August 15, 2018 to Common Shareholders of Record at the Close of Business on August 1, 2018... More