Equity Analysis /
United States of America

US : Signature Bank - SBNY | 4Q First Look: Solid EPS Beat; Incredible Balance Sheet Growth

    Ken Kohut
    Daniel Tamayo
    21 January 2021
    Published byCGS-CIMB

    Bottom line: Impressive results, as balance sheet growth exceeded our and the Street high projections while the bank reported lower-than-expected operating expenses. Net interest income and NIM were negatively impacted by the explosive balance sheet growth that resulted in 18% of average earning as