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Signature Bank Reports 2021 First Quarter Results
April 21, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 21, 2021
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its first quarter ended March 31, 2021.
Net income for the 2021 first quarter was $190.5 million, or $3.24 diluted earnings per share, versus $99.6 million, or $1.88 diluted earnings per share, for the 2020 first quarter. The increase in net income for the 2021 first quarter, versus the comparable quarter last year, is primarily the result of an increase in net interest income, fueled by strong average deposit and loan growth, as well as the absence of a higher provision for credit losses booked in the first quarter of 2020, which was predominantly due to the effects of COVID-19 on the U.S. economy. Pre-tax, pre-provision earnings were $272.8 million, representing an increase
Circle Selects Signature Bank for USDC Integration and Reserve Balances
Companies Forge Tech Partnership to Include Integration of Circle into SignetTM
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BOSTON, April 19, 2021 /PRNewswire/ Circle, a global financial technology firm that provides payments and treasury infrastructure for digital businesses announced today that
Signature Bank (Nasdaq: SBNY), a New York-based, full service commercial bank, will become their leading financial institution to hold billions of dollars in reserve deposits related to USD Coin (USDC), the fastest growing digital dollar in the world.
The two companies also committed to a long-term roadmap that will kick off with the integration of Circle into
Circle Says Signature Bank to Hold Billions of Dollars in USD Coin Reserve Deposits
Circle, a Fintech in the stablecoin and payments sector, says it has partnered with
Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank to hold billions of dollars in reserve deposits related to USD Coin (USDC). Circle states that the two companies are committed to a long term roadmap that will start with the integration of Circle into
SignetTM, the Bank’s blockchain-based digital payments platform. The partnership is expected to enable future integrations of additional Circle products and services within the Bank.
Jeremy Allaire, CEO and co-founder of Circle, explained that adding a respected, forward-thinking financial services firm to their USDC reserve network is another step forward in the adoption and growth for USDC.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Signature Bank to Participate in the 22nd Annual Credit Suisse Virtual Financial Services Forum
February 18, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 18, 2021
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today its management plans to present at the upcoming 22nd Annual Credit Suisse Virtual Financial Services Forum.
The virtual conference, designed to showcase publicly traded financial services companies for institutional investors, is scheduled for Wednesday, February 24 th - Friday, February 26 th, 2021. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior Executive Vice President - Corporate and Business Development Eric R. Howell will present in an analyst-led video fireside chat format on Wednesday, February 24 th at 11:20 a.m. Eastern Time. The 40-minute session includes questions and answers.