Signature Bank Declares Cash Dividend, Payable on or After February 15, 2019; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net interest income before provision for loan and lease losses of $335,032,000 compared to $319,771,000 a year ago. Net interest income after provision for loan and lease losses was $328,591,000 compared to $278,034,000 a year ago. Net income was $160,840,000 compared to $114,866,000 a year ago. Earnings per share basic were $2.94 compared to $2.12 a year ago.
For the year, the company reported net interest income before provision for loan and lease losses of $1,298,987,000 compared to $1,237,586,000 a year ago. Net interest income after provision for loan and lease losses was $1,136,463,000 compared to $974,289,000 a year ago. Net income was $505,342,000 compared to $387,209,000 a year ago. Earnings per share basic were $9.27 compared to $7.17 a year ago. Earnings per share diluted were $9.23 compared to $7.12 a year ago.