Signature Bank (SBNY) reported third quarter net income available to common stockholders of $15.17 million or $0.37 per share, compared to $9.2 million or $0.27 per share last year.
The company noted that the 2008 third quarter results include an $8.0 million other than temporary impairment write-down on a single Lehman Brothers senior debenture. Excluding after-tax effect of the impairment write-down on this debenture, net income for the 2008 third quarter would have been $13.6 million, or $0.44 per share.
On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share. Analysts' estimates typically exclude special items.
Net interest income before provision for loan losses rose to $68.61 million from $50.09 million in the prior year quarter.
Total non-interest income grew to $7.3 million from $3.7 million in the year ago quarter.
Nine analysts estimated revenues of $72.37 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.