SBNY Stock - Signature Bank
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $3.71B | $2.31B | $2.01B | $1.97B | $1.76B |
| Gross Profit | $2.62B | $1.95B | $1.35B | $1.35B | $1.19B |
| Gross Margin | 70.5% | 84.4% | 67.1% | 68.4% | 67.5% |
| Operating Income | $1.76B | $1.25B | $732.19M | $821.40M | $700.74M |
| Net Income | $1.34B | $918.44M | $528.36M | $586.49M | $506.43M |
| Net Margin | 36.0% | 39.7% | 26.3% | 29.7% | 28.8% |
| EPS | $20.77 | $15.20 | $10.00 | $10.87 | $9.29 |
Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative services for retirement vehicles. Further, the company provides wealth management services to its high net worth personal clients; and purchases, sells, and assembles small business administration loans and pools. Additionally, it offers individual and group insurance products, including health, life, disability, and long-term care insurance products for business and private clients. As of December 31, 2021, the company operated 37 private client offices located in the metropolitan New York area, Connecticut, California, and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 18th 2023 | Stephens | Downgrade | Equal Weight | $145 |
| January 9th 2023 | Jefferies | Downgrade | Hold | - |
| December 7th 2022 | Raymond James | Downgrade | Market Perform | - |
| December 5th 2022 | Morgan Stanley | Downgrade | Equal Weight | $152← $223 |
| October 19th 2022 | Keefe Bruyette | Downgrade | Market Perform | $185 |
| July 18th 2022 | Deutsche Bank | Resumed | Buy | $256← $285 |
Earnings History & Surprises
SBNYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2023 | Jan 17, 2023 | $4.86 | $4.65 | -4.3% | ✗ MISS |
Q4 2022 | Oct 18, 2022 | $5.41 | $5.57 | +3.0% | ✓ BEAT |
Q3 2022 | Jul 19, 2022 | $5.05 | $5.26 | +4.2% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $4.32 | $4.63 | +7.2% | ✓ BEAT |
Q1 2022 | Jan 18, 2022 | $3.95 | $4.34 | +9.9% | ✓ BEAT |
Q4 2021 | Oct 19, 2021 | $3.72 | $3.88 | +4.3% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $3.15 | $3.57 | +13.3% | ✓ BEAT |
Q2 2021 | Apr 21, 2021 | $2.85 | $3.24 | +13.7% | ✓ BEAT |
Q1 2021 | Jan 21, 2021 | $2.89 | $3.26 | +12.8% | ✓ BEAT |
Q4 2020 | Oct 20, 2020 | $2.76 | $2.62 | -5.1% | ✗ MISS |
Q3 2020 | Jul 21, 2020 | $2.25 | $2.21 | -1.8% | ✗ MISS |
Q2 2020 | Apr 23, 2020 | $2.18 | $1.88 | -13.8% | ✗ MISS |
Q1 2020 | Jan 21, 2020 | $2.70 | $2.78 | +3.0% | ✓ BEAT |
Q4 2019 | Oct 17, 2019 | $2.70 | $2.75 | +1.9% | ✓ BEAT |
Q3 2019 | Jul 18, 2019 | $2.71 | $2.72 | +0.4% | ✓ BEAT |
Q2 2019 | Apr 17, 2019 | $2.77 | $2.65 | -4.3% | ✗ MISS |
Q1 2019 | Jan 17, 2019 | $2.80 | $2.94 | +5.0% | ✓ BEAT |
Q4 2018 | Oct 18, 2018 | $2.83 | $2.84 | +0.4% | ✓ BEAT |
Q3 2018 | Jul 19, 2018 | $2.80 | $2.83 | +1.1% | ✓ BEAT |
Q2 2018 | Apr 19, 2018 | $2.67 | $2.69 | +0.7% | ✓ BEAT |
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