Signature Bank reports Q1 EPS ex-items $2.69, consensus $2.76
Reports Q1 book value per share $82.35. Reports Q1 CET1 capital ratio 11.97%. Reports Q1 net charge-offs 0.01%. "The past several quarters have been extremely productive for Signature Bank as we build for the future. During this time, we started two best-in-class divisions -- the Fund Banking Division and the Venture Banking Group -- while also commencing our West Coast operations with the opening of our San Francisco private client banking office. Additionally, we launched Signet, our proprietary, blockchain-based digital real time payments platform. We have added qualified colleagues to our team across the board to support all of these new business initiatives. We embarked on these pertinent growth initiatives simultaneously as we believe they will all contribute to strengthening our franchise and help position the Bank for continued success," explained Joseph DePaolo, Co-founder, President and CEO.