Signature Bank chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 41.19
Dividend & Yield2.24$ (1.67%)
Beta 1.67
Market capitalization 8.53B
Operating cash flow 1.29B
ESG Scores 28.1

Company description

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.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -4.29B -2.63B -11.88B -27.12B
Net Borrowings 805M -1.3B -927.9M -460M
Total Cash From Financing Activities 3.62B 2.33B 22.53B 43.51B
Change To Operating Activities 32.36M -111.75M 147.09M 136.53M
Issuance Of Stock 1.36B 1.36B 1.36B 1.36B
Net Income 506.43M 586.49M 528.36M 918.44M
Change In Cash -18.21M 472.58M 11.56B 17.27B
Effect Of Exchange Rate
Total Cash From Operating Activities 651.56M 778.22M 904.36M 879.64M
Depreciation 14.01M 20.15M 45.58M 49.01M
Change To Account Receivables
Other Cashflows From Financing Activities 2.94B 4B 22.93B 42.82B
Change To Netincome 123.52M 289.04M 313.6M -195.31M
Capital Expenditures -11.49M -32.94M -35.04M -32.2M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 700.74M 821.4M 732.19M 1.25B
Net Income 506.43M 586.49M 528.36M 918.44M
Selling General Administrative 461.02M 516.84M 600.31M 679.06M
Gross Profit 1.19B 1.35B 1.35B 1.95B
Ebit
Operating Income 726M 833.84M 745.93M 1.27B
Interest Expense
Income Tax Expense 194.31M 234.92M 203.83M 329.33M
Total Revenue 1.19B 1.35B 1.35B 1.95B
Cost Of Revenue
Total Other Income ExpenseNet -25.26M -12.43M -13.74M -24.54M
Net Income From Continuing Ops 506.43M 586.49M 528.36M 918.44M
Net Income Applicable To Common Shares 505.52M 584.57M 526.63M 879.48M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 42.96B 45.85B 68.06B 110.6B
Total Stockholder Equity 4.41B 4.75B 5.83B 7.84B
Other Current Liabilities
Total Assets 47.36B 50.59B 73.89B 118.45B
Common Stock 554k 554k 555k 606k
Other Current Assets 627.13M 887.82M 685.16M 693.59M
Retained Earnings 2.73B 3.17B 3.55B 4.3B
Treasury Stock -187.21M -299.2M -305.43M -222.33M
Cash 317.25M 340.13M 12.35B 29.62B
Total Current Liabilities 37.73B 41B 64.1B 109.62B
Other Stockholder Equity -144.53M -65.63M -72.9M -222.33M
Property, Plant, and Equipment 59.05M 284M 317.68M 318.22M
Total Current Assets 999.62M 1.28B 13.1B 30.34B
Net Tangible Assets 4.41B 4.75B 5.83B 7.84B
Net Receivables
Accounts Payable 36.38B 40.38B 63.32B 106.13B


Insider Transactions

Here are the insider transactions of stock shares related to Signature Bank:

Filer Name Transaction Text Ownership Date Filer Relation Shares
SHAY SCOTT AStock Award(Grant) at price 142.15 per share.D2022-11-10Chairman of the Board1.29k
FRANK BARNEYStock Award(Grant) at price 142.15 per share.D2022-11-10Director19
HOWELL ERIC RStock Award(Grant) at price 142.12 per share.D2022-11-10Chief Operating Officer3
HUNTINGTON JUDITH AStock Award(Grant) at price 142.12 per share.D2022-11-10Director34
HARRIS ANAStock Award(Grant) at price 142.16 per share.D2022-11-10Senior Vice President13
HICKEY KEVINStock Award(Grant) at price 142.17 per share.D2022-10-11Chief Investment Officer8
HUTCHINSON KEISHAStock Award(Grant) at price 142.11 per share.D2022-10-11Officer1
FRANK BARNEYStock Award(Grant) at price 198.52 per share.D2022-08-12Director16
HOWELL ERIC RStock Award(Grant) at price 198.52 per share.D2022-08-12Chief Operating Officer2
HUNTINGTON JUDITH AStock Award(Grant) at price 198.51 per share.D2022-08-12Director24
HICKEY KEVINStock Award(Grant) at price 198.52 per share.D2022-08-12Chief Investment Officer6
HARRIS ANAStock Award(Grant) at price 198.52 per share.D2022-08-12Officer9
HUTCHINSON KEISHAStock Award(Grant) at price 198.52 per share.D2022-08-12Officer1
MAGGIE TIMONEYStock Award(Grant) at price 198.52 per share.D2022-08-12Director3
SHAY SCOTT AStock Award(Grant) at price 168.00 per share.D2022-06-16Chairman of the Board2.5k
SHAY SCOTT AStock Award(Grant) at price 205.84 per share.D2022-05-13Chairman of the Board1
FRANK BARNEYStock Award(Grant) at price 205.84 per share.D2022-05-13Director15
HOWELL ERIC RStock Award(Grant) at price 205.84 per share.D2022-05-13Chief Operating Officer2
HUNTINGTON JUDITH AStock Award(Grant) at price 205.84 per share.D2022-05-13Director23
HICKEY KEVINStock Award(Grant) at price 205.84 per share.D2022-05-13Chief Investment Officer5
HARRIS ANAStock Award(Grant) at price 205.84 per share.D2022-05-13Officer9
HUTCHINSON KEISHAStock Award(Grant) at price 205.84 per share.D2022-05-13Officer1
MAGGIE TIMONEYStock Award(Grant) at price 205.84 per share.D2022-05-13Director3
HICKEY KEVINStock Award(Grant) at price 186.28 per share.D2022-05-12Chief Investment Officer100
SHAY SCOTT AStock Award(Grant) at price 216.01 - 289.34 per share.D2022-05-11Chairman of the Board84
CEPHAS DERRICK DStock Award(Grant) at price 321.18 per share.D2022-03-22Director561
SHAY SCOTT AStock Award(Grant) at price 321.18 per share.D2022-03-22Chairman of the Board4.5k
FRANK BARNEYStock Award(Grant) at price 321.18 per share.D2022-03-22Director561
HOWELL ERIC RStock Award(Grant) at price 321.18 per share.D2022-03-22Chief Operating Officer3.85k
TAMBERLANE JOHNStock Award(Grant) at price 321.18 per share.D2022-03-22Officer3.85k
DEPAOLO JOSEPH JStock Award(Grant) at price 321.18 per share.D2022-03-22Chief Executive Officer5k
HUNTINGTON JUDITH AStock Award(Grant) at price 321.18 per share.D2022-03-22Director561
SUSCA VITOStock Award(Grant) at price 321.18 per share.D2022-03-22Officer2.33k
KASULKA THOMASStock Award(Grant) at price 321.18 per share.D2022-03-22Officer1.67k
BRIAN TWOMEYStock Award(Grant) at price 321.18 per share.D2022-03-22Officer833
MAGGIE TIMONEYStock Award(Grant) at price 321.18 per share.D2022-03-22Director561
SHAY SCOTT AStock Award(Grant) at price 314.17 per share.D2022-01-24Chairman of the Board3.48k
HOWELL ERIC RStock Award(Grant) at price 314.17 per share.D2022-01-24Chief Operating Officer2.07k
TAMBERLANE JOHNStock Award(Grant) at price 314.17 per share.D2022-01-24Officer1.59k
SUSCA VITOStock Award(Grant) at price 314.17 per share.D2022-01-24Officer1.18k
KASULKA THOMASStock Award(Grant) at price 314.17 per share.D2022-01-24Officer1.59k
BRIAN TWOMEYStock Award(Grant) at price 314.17 per share.D2022-01-24Officer1.06k
HICKEY KEVINStock Award(Grant) at price 314.17 per share.D2022-01-24Chief Investment Officer1.59k
HARRIS ANAStock Award(Grant) at price 314.17 per share.D2022-01-24Officer637
BOND LISAStock Award(Grant) at price 314.17 per share.D2022-01-24Officer637
WYREMSKI STEPHENStock Award(Grant) at price 314.17 per share.D2022-01-24Chief Financial Officer424
HUTCHINSON KEISHAStock Award(Grant) at price 314.17 per share.D2022-01-24Officer637
FRANK BARNEYStock Award(Grant) at price 321.97 per share.D2021-11-12Director9
HOWELL ERIC RStock Award(Grant) at price 321.97 per share.D2021-11-12Chief Operating Officer1
HUNTINGTON JUDITH AStock Award(Grant) at price 321.97 per share.D2021-11-12Director12
HARRIS ANAStock Award(Grant) at price 321.97 per share.D2021-11-12Officer4

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Signature Bank. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Signature Bank

Here is the result of two systematic investment strategies applied to Signature Bank. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Signature Bank

The following chart shows the equity curve of the two systematic investment strategies applied to Signature Bank:

Signature Bank automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 96.52% on the backtest period.

Performance at glance

Performance

96.52 %

Latent gain

2177.48 $

Invested capital

2255.95 $

Annualized return

23.31 %
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Momentum strategy results on Signature Bank

This is the result of two momentum investment strategies applied to Signature Bank. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Signature Bank

The following chart shows all the entries opened by the momentum investment system on Signature Bank:

Signature Bank momentum entries
  • The first momentum investment strategy would give 93.14% of return on Signature Bank. That represents 4527.48$ of latent gain with 4860.96$ of employed capital.
  • The second momentum investment strategy would give 111.01% of return on Signature Bank. That represents 3429.94$ of latent gain with 3089.81$ of employed capital.
Performance at glance (1Q Momentum)

Performance

93.14 %

Latent gain

4527.48 $

Invested capital

4860.96 $

Annualized return

54.94 %
Performance at glance (2Q Momentum)

Performance

111.01 %

Latent gain

3429.94 $

Invested capital

3089.81 $

Annualized return

30.33 %

Momentum equity curve on Signature Bank

The following chart shows the equity curve of the two momentum strategies applied to Signature Bank:

Signature Bank momentum equity

Note: the dividends potentially given by Signature Bank are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Signature Bank

The following chart shows the employed capital evolution of the two momentum strategies on Signature Bank since the beginning:

Signature Bank

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Signature Bank

Buy the dip entry openings on Signature Bank

Signature Bank

The performance achieved by the robo-advisor on Signature Bank is 117.57%. That represents 1127.4$ of latent gain with 958.92$ of employed capital. The following chart shows Signature Bank stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Signature Bank, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

117.57 %

Latent gain

1127.4 $

Invested capital

958.92 $

Annualized return

54.94 %

Equity curve of the strategy applied to Signature Bank

The following chart shows the result of the investment strategy applied to Signature Bank:

Signature Bank

Note: the dividends potentially given by Signature Bank are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Signature Bank

The following chart shows the employed capital evolution since the beginning of the investment strategy on Signature Bank:

Signature Bank

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Signature Bank

In this section, I will compare the three previous investment strategies applied to Signature Bank.

Equity curve comparison on Signature Bank

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Signature Bank investment strategy comparison

Employed capital comparison on Signature Bank

Signature Bank investment comparison

Performance comparison on Signature Bank

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 96.52% 2177.48$ 2255.95$ 23.31%
Momentum 1 quarter 93.14% 4527.48$ 4860.96$ 23.88%
Momentum 2 quarters 111.01% 3429.94$ 3089.81$ 30.33%
Non-directional 117.57% 1127.4$ 958.92$ 54.94%
Annualized return comparison

Automatic investment

23.31 %

Momentum 1Q

30.33 %

Momentum 2Q

30.33 %

Non-directional

54.94 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Signature Bank:

Note: The algorithm computes the probability of correlation between Signature Bank and the other stocks. There may be false positives or some missing correlated stocks. If the price of Signature Bank does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Signature Bank
Country United States
City New York
Address 565 Fifth Avenue
Phone 646 822 1500
Website www.signatureny.com
FullTime employees 1854
Industry Banks—Regional
Sector Financial Services
Exchange XNAS
Ticker SBNY
Market www.nasdaq.com

Signature Bank ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 1.8
Peer Environment Performance 1.6380606060606
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 13.2
Peer Social Performance 10.846727272727
Social Percentile unknown
Highest Controversy 1
Peer Highest Controversy Performance 2.1627906976744
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Customer IncidentsBusiness Ethics Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 13.1
Peer Governance Performance 11.514666666667
Governance Percentile unknown

ESG at glance
Total ESG Scores: 28.1
Environment Score: 1.8
Social Score: 13.2
Governance Score: 13.1

ESG Performance: AVG_PERF

Peer Group: Banks

Peer Esg Score Performance: 24.496744186047

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 56