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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.