Signature Bank (SBNY) Tops Q1 EPS by 39c

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Signature Bank Reports 2021 First Quarter Results

April 21, 2021 5:00 AM EDT

Net Income for the 2021 First Quarter Was a Record $190.5 Million, or $3.24 Diluted Earnings Per Share, Versus $99.6 Million, or $1.88 Diluted Earnings Per Share, Reported in the 2020 First Quarter Pre-Tax, Pre-Provision Earnings for the 2021 First Quarter Were a Record $272.8 Million, an Increase of $54.3 Million, or 24.9 Percent, Compared with $218.5 Million for the 2020 First Quarter Total Deposits in the First Quarter Grew a Record $10.66 Billion, to $73.97 Billion, While Average Deposits Increased $6.83 Billion. Total Deposits for the Prior Twelve Months Have Grown $31.73 Billion, or 75.1... More