Signature Bank (SBNY) Tops Q2 EPS by 20c
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Signature Bank Reports 2022 Second Quarter Results
July 19, 2022 5:00 AM EDTNet Income for the 2022 Second Quarter Increased $124.7 Million, or 58.1 Percent, to a Record $339.2 Million, or $5.26 Diluted Earnings Per Share, Versus $214.5 Million, or $3.57 Diluted Earnings Per Share, Reported in the 2021 Second Quarter. Pre-Tax, Pre-Provision Earnings for the 2022 Second Quarter Were a Record $476.7 Million, an Increase of $168.2 Million, or 54.5 Percent, Compared with $308.6 Million for the 2021 Second Quarter
Total Deposits in the Second Quarter Declined $5.04 Billion to $104.12 Billion, While Average Deposits Increased $816.8 Million. The Decline Was Primarily Driven by Client Balances of the New York Banking Teams, Which Decreased $2.4 Billion and the... More
