Shares of Signature Bank SBNY remained unaffected after the company reported Q1 results.
Quarterly Results
Earnings per share rose 72.34% over the past year to $3.24, which beat the estimate of $2.85.
Revenue of $439,208,000 up by 21.18% year over year, which beat the estimate of $430,650,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Signature Bank hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Apr 21, 2021
Time: 10:00 AM
Technicals
Company's 52-week high was at $249.94
52-week low: $71.44
Price action over last quarter: Up 36.79%
Company Description
Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of the revenue from the Commercial banking segment, which consists principally of commercial real estate lending, commercial & industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.
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