trending Market Intelligence /marketintelligence/en/news-insights/trending/Bz98hhh4P6rP8PlmMJp3RQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Signature Bank reports YOY decrease in Q4'19 net income, NIM

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Signature Bank reports YOY decrease in Q4'19 net income, NIM

Signature Bank reported net income of $148.2 million, or $2.78 per share in the fourth quarter of 2019, down from $160.8 million, or $2.94 per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was $2.69.

Net interest income before provision for loan and lease losses was $338.3 million for the most recent quarter, up from $335.0 million a year ago.

On a tax-equivalent basis, net interest margin for the fourth quarter was 2.72%, compared to 2.68% for the previous quarter and 2.90% for the fourth quarter of 2018.

Provision for loan and lease losses was $9.8 million for the most recent quarter, compared to $6.4 million a year ago.

Total deposits at the end of the fourth quarter of 2019 were $40.38 billion, compared with $36.38 billion at the end of the fourth quarter of 2018.

Loans, excluding loans held for sale, grew 3.1% year over year to $39.11 billion at the end of the fourth quarter of 2019 from $37.94 billion at Sept. 30, 2019.

The bank's efficiency ratio was 39.94% for the fourth quarter versus 34.94% in the year-ago quarter.

During the fourth quarter of 2019, the bank repurchased 722,420 common shares for a total of $89.4 million.

For full year 2019, the bank reported net income of $588.9 million, or $10.87 per share, compared to $505.3 million, or $9.23 per share, in 2018.

The S&P Global Market Intelligence consensus GAAP EPS estimate for 2019 was $10.83.