Signature Bank to Host 2021 Third Quarter Results Conference Call

Rhea-AI Summary

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.

NEW YORK--(BUSINESS WIRE)-- Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today that management will host a conference call to review results of its 2021 third quarter ended September 30, 2021 on Tuesday, October 19, 2021 at 9:00 AM ET. Signature Bank’s financial results will be released prior to market open on Tuesday, October 19, 2021.

President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President and Chief Operating Officer Eric R. Howell will host the conference call. All U.S. participants should dial 866-342-8591 and international callers should dial 203-518-9713 at least ten minutes prior to the start of the call and reference conference ID SBNYQ321. To hear a live web simulcast or to listen to the archived web cast following completion of the call, please visit the Bank’s web site at www.signatureny.com, click on “Investor Information,” "Quarterly Results/Conference Calls" to access the link to the call.

To listen to a telephone replay of the conference call, please dial 800-723-0488 or 402-220-2651 and enter conference ID SBNYQ321. The replay will be available from approximately 12:00 PM ET on October 19, 2021 through 11:59 PM ET on Friday, October 22, 2021.

About Signature Bank

Signature Bank (Nasdaq: SBNY), member FDIC, is a New York-based, full-service commercial bank with 37 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners and senior managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank reached $96.9 billion in assets as of June 30, 2021. With $85.6 billion in deposits at second quarter-end 2021, Signature Bank placed 22^nd on S&P Global’s list of the largest banks in the U.S., based on deposits.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet™ allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://www.signatureny.com.

This press release and oral statements made from time to time by our representatives contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our expectations regarding future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams and other hires, new office openings, business strategy and the impact of the COVID-19 pandemic on each of the foregoing and on our business overall. Forward-looking statements often include words such as "may," "believe," "expect," "anticipate," "intend," “potential,” “opportunity,” “could,” “project,” “seek,” “target”, “goal”, “should,” “will,” “would,” "plan," "estimate" or other similar expressions. As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and can change as a result of many possible events or factors, not all of which are known to us or in our control. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, any of which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance, including earnings on interest-bearing assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the whole loan secondary markets, which can materially affect charge-off levels and required credit loss reserve levels; (iv) changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the banking and other financial services regulatory environment, (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe that these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if a change occurs or our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may vary materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013005961/en/

Investor Contact:

Brian Wyremski, Vice President - Investor Relations & Corporate Development

646-822-1479, bwyremski@signatureny.com

Media Contact:

Susan Turkell Lewis, 646-822-1825, slewis@signatureny.com

Source: Signature Bank

FAQ

When will Signature Bank announce its Q3 2021 results?

Signature Bank will announce its Q3 2021 results on October 19, 2021.

What time is the Signature Bank conference call?

The conference call is scheduled for 9:00 AM ET on October 19, 2021.

How can I join the Signature Bank conference call?

To join the Signature Bank conference call, dial 866-342-8591 for U.S. participants, or 203-518-9713 for international callers, and reference conference ID SBNYQ321.

Will there be a replay of the Signature Bank conference call?

Yes, a replay of the conference call will be available from 12:00 PM ET on October 19 through October 22, 2021.

Who will host the Signature Bank conference call?

The conference call will be hosted by President Joseph J. DePaolo and COO Eric R. Howell.