Signature Bank Reports 2018 Third Quarter Results

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Signature Bank (SBNY) Tops Q3 EPS by 1c

October 18, 2018 5:47 AM EDT

Signature Bank (NASDAQ: SBNY) reported Q3 EPS of $2.84, $0.01 better than the analyst estimate of $2.83. Revenue for the quarter came in at $324.8 million versus the consensus estimate of $331.18 million.

During the past few quarters, Signature Bank has executed several growth initiatives paving the way for the future direction of this institution. These strategies include taking our successful single-point-of-contact model outside of the metro-New York area -- where we spent 17 years building the foundation of our business -- and bringing it to San Francisco after we identified a glaring need. In the 2018 first quarter, we... More