SIGNATURE BANK (NY) - SBNY STOCK NEWS

Signature Bank (Nasdaq: SBNY) announced the availability of its proxy materials for the 2022 Annual Meeting of Shareholders, set for April 27, 2022, at 9:00 a.m. ET. Shareholders on record as of March 8, 2022 can vote. The meeting will also include a special session for the Bank's 5.000% Noncumulative Perpetual Series A Preferred Stock. Proxy statements along with the 2021 Annual Report will be provided to record shareholders and are accessible via the Bank's website.

Signature Bank (Nasdaq: SBNY) announced that its management will present at UBS Digital Asset Day 2022 on March 11, 2022, at 11:00 a.m. Eastern Time. The presentation, featuring CEO Joseph J. DePaolo and COO Eric R. Howell, will be in an analyst-led fireside chat format. A 45-minute Q&A session will follow. The event will be available via live webcast and archived for 365 days. Signature Bank, founded in 2001, has assets of $118.45 billion as of December 31, 2021, and ranks 19th among U.S. banks by deposits.

Signature Bank (NASDAQ: SBNY), in collaboration with Brooklyn Legal Services Corporation A and the Federal Home Loan Bank of New York, has provided $100,000 in grants to support ten NYC small businesses adversely affected by COVID-19. Each business received $10,000 to address significant revenue declines averaging $200,000 annually. This initiative aligns with Signature Bank's commitment to community support, particularly as they celebrate their 20th anniversary, having already distributed $14 million to over 2,000 businesses since the program's launch.

Signature Bank (SBNY) has announced the pricing of its underwritten offering of 2,100,000 shares of common stock at $352.00 per share. The offering includes a 30-day option for underwriters to purchase an additional 315,000 shares. Proceeds will be used for general corporate purposes. The closing is anticipated around January 20, 2022. Goldman Sachs, Morgan Stanley, and Jefferies are the bookrunners for this offering.

Signature Bank (Nasdaq: SBNY) announced an underwritten offering of 2,100,000 shares of common stock, with an option for underwriters to purchase an additional 315,000 shares. The proceeds will be used for general corporate purposes. Goldman Sachs, Morgan Stanley, and Jefferies are the bookrunners for this offering, which is subject to market conditions. Signature Bank emphasizes that the securities are not insured by the FDIC and are being offered under an exemption from registration.

Signature Bank (SBNY) reported a record net income of $272.0 million or $4.34 per diluted share for Q4 2021, up from $173.0 million or $3.26 per share in Q4 2020. Total deposits increased by $10.57 billion to $106.13 billion, with non-interest bearing deposits comprising 41.8% of total deposits. Annual net income reached $918.4 million, up from $528.4 million in 2020. The bank declared a cash dividend of $0.56 per share, payable starting February 11, 2022.

Signature Bank (SBNY) has announced a conference call scheduled for January 18, 2022, at 9:00 AM ET to discuss its 2021 fourth-quarter and year-end results. The financial results will be released prior to market open on the same day. The call will be hosted by President & CEO Joseph J. DePaolo and COO Eric R. Howell. U.S. participants can join by dialing 866-518-6930. A live web simulcast will also be available on the bank's website. A replay of the call will be accessible from January 18 at noon through January 21, 2022.