SIGNATURE BANK (NY) - SBNY STOCK NEWS

Signature Bank (SBNY), a New York-based full-service commercial bank, will participate in the BofA Securities 2021 Banking and Financials Virtual Conference on November 9-10, 2021. The bank's President, Joseph J. DePaolo, and COO, Eric R. Howell, will engage in an analyst-led fireside chat on November 10 at 8:00 a.m. ET. The session will last 40 minutes, including a Q&A segment. Investors can access the live webcast and replay here starting from the presentation time. Signature Bank has assets totaling $107.85 billion as of September 30, 2021.

Signature Bank (SBNY) reported a record net income of $241.4 million for Q3 2021, a 74.2% increase from $138.6 million in Q3 2020. The diluted earnings per share rose to $3.88 from $2.62. Pre-tax, pre-provision earnings reached $331.0 million, up 31.2%. Total deposits grew by $10 billion to $95.57 billion, with a yearly increase of 75.9%. Loans increased by 7.5% to $58.59 billion. Despite growth, net interest margin fell to 1.88%, impacted by excess cash balances. A cash dividend of $0.56 per share was announced, payable from November 12, 2021.

Signature Bank (NASDAQ: SBNY), a New York-based commercial bank, will host a conference call on October 19, 2021, at 9:00 AM ET to discuss its Q3 2021 financial results. The results will be released before market open that day. President Joseph J. DePaolo and COO Eric R. Howell will lead the call. U.S. participants can join by dialing 866-342-8591, and international callers should dial 203-518-9713, referencing conference ID SBNYQ321. A replay of the call will be available from 12:00 PM ET on October 19 through October 22, 2021.

Signature Bank (NASDAQ: SBNY) released its 2020 Social Impact Report, highlighting its commitment to social impact despite the challenges of the pandemic. The report underlines the Bank's COVID-19 initiatives, corporate culture, sustainability efforts, and ethical governance. Key features include enhancing colleague well-being and establishing a Social Impact Board Committee. Signature Bank emphasizes its dedication to stakeholders and ethical practices, aiming for a sustainable future while reaching $96.9 billion in assets as of June 30, 2021.

Signature Bank (Nasdaq: SBNY) has announced the upsizing and pricing of its underwritten offering of 2,500,000 shares of common stock at $232 per share. This offering was increased from an earlier size of 2,100,000 shares. An option for underwriters to purchase up to 375,000 additional shares is also included. The proceeds will be used for general corporate purposes. The closing is expected around July 23, 2021. Morgan Stanley and BofA Securities are the lead bookrunners. Signature Bank holds $96.9 billion in assets and $85.6 billion in deposits as of June 30, 2021.

Signature Bank (Nasdaq: SBNY) announced an underwritten offering of 2,100,000 shares of its common stock, with an option for underwriters to purchase an additional 315,000 shares. Proceeds from the offering will be used for general corporate purposes. Morgan Stanley and BofA Securities are the bookrunners. The offering is subject to market conditions and does not constitute an offer to sell or solicit securities where unlawful. Signature Bank, established in 2001, has grown to $96.9 billion in assets and $85.6 billion in deposits, ranking 22nd among U.S. banks based on deposits.

Signature Bank (Nasdaq: SBNY) reported a strong financial performance for Q2 2021, with net income rising to $214.5 million, or $3.57 per diluted share, compared to $117.2 million, or $2.21 per diluted share, in Q2 2020. Key drivers of this growth included an 18.1% increase in net interest income to $457.2 million and significant average deposit growth of 70.3% year-over-year. Total assets reached $96.89 billion, a 60.5% increase from the previous year. Despite rising non-interest expenses, the bank's efficiency ratio improved to 35.8%, reflecting strong overall performance.

Signature Bank (Nasdaq: SBNY) announced a conference call on July 20, 2021, at 10:00 AM ET to discuss its 2021 second quarter financial results, which will be released prior to market open. CEO Joseph J. DePaolo and COO Eric R. Howell will lead the call. Participants can join by dialing 866-359-8135 and referencing conference ID #6246928. A replay will be available from July 20, 1:00 PM ET to July 23, 11:59 PM ET. Signature Bank operates 37 private client offices and had $85.4 billion in assets as of March 31, 2021.