Signature Bank to Host 2022 First Quarter Results Conference Call

Rhea-AI Summary

Signature Bank (Nasdaq: SBNY) will host a conference call on April 19, 2022, at 9:00 AM ET, to discuss its first-quarter results for 2022, ending March 31, 2022. Financial results will be available before the market opens on the same day. The call will feature key executives, including CEO Joseph J. DePaolo. Participants can join via a dedicated phone line or listen online. A replay will be available post-call until April 22, 2022. Signature Bank operates across multiple locations and offers a range of financial services.

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 2022 first quarter ended March 31, 2022 on Tuesday, April 19, 2022 at 9:00 AM ET. Signature Bank’s financial results will be released prior to market open on Tuesday, April 19, 2022.

President and Chief Executive Officer Joseph J. DePaolo, Senior Executive Vice President and Chief Operating Officer Eric R. Howell and Senior Vice President and Chief Financial Officer Stephen Wyremski 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 SBNYQ122. 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.

An earnings slide presentation will be accessible through the web cast and available following the call on Signature Bank’s website here.

To listen to a telephone replay of the conference call, please dial 800-723-1517 or 402-220-2659. The replay will be available from approximately 12:00 PM ET on April 19, 2022 through 11:59 PM ET on Friday, April 22, 2022.

About Signature Bank

Signature Bank (Nasdaq: SBNY), member FDIC, is a New York-based, full-service commercial bank with 38 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 $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits at year-end 2021, Signature Bank placed 19^th 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/20220411005050/en/

Investor Contact:

Brian Wyremski, Senior Vice President and Director of 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 2022 first-quarter results?

Signature Bank will announce its 2022 first-quarter results on April 19, 2022.

What time is the Signature Bank conference call scheduled for?

The conference call for Signature Bank is scheduled for 9:00 AM ET on April 19, 2022.

How can I listen to the Signature Bank conference call?

You can listen to the Signature Bank conference call by dialing 866-342-8591 for U.S. participants or 203-518-9713 for international callers, referencing conference ID SBNYQ122.

Is there a replay available for the Signature Bank conference call?

Yes, a replay of the Signature Bank conference call will be available until April 22, 2022.

Who are the executives participating in the Signature Bank conference call?

The conference call will feature CEO Joseph J. DePaolo, COO Eric R. Howell, and CFO Stephen Wyremski.