Signature Bank
As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.
Signature Bank (SBNYL) - Net Assets
Latest net assets as of December 2022: $8.01 Billion USD
Based on the latest financial reports, Signature Bank (SBNYL) has net assets worth $8.01 Billion USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($110.36 Billion) and total liabilities ($102.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.01 Billion |
| % of Total Assets | 7.26% |
| Annual Growth Rate | 18.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.33 |
Signature Bank - Net Assets Trend (2019–2022)
This chart illustrates how Signature Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Signature Bank (2019–2022)
The table below shows the annual net assets of Signature Bank from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $8.01 Billion | +2.20% |
| 2021-12-31 | $7.84 Billion | +34.56% |
| 2020-12-31 | $5.83 Billion | +22.16% |
| 2019-12-31 | $4.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Signature Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 72.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.46 Billion | 68.11% |
| Common Stock | $629.00K | 0.01% |
| Other Components | $2.55 Billion | 31.88% |
| Total Equity | $8.01 Billion | 100.00% |
Signature Bank Competitors by Market Cap
The table below lists competitors of Signature Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yduqs Participações S.A
SA:YDUQ3
|
$288.17 Million |
|
Hap Seng Consolidated Bhd
KLSE:3034
|
$288.24 Million |
|
Ponce Financial Group Inc
NASDAQ:PDLB
|
$288.24 Million |
|
Huali Industries
SHG:603038
|
$288.34 Million |
|
Claros Mortgage Trust Inc
NYSE:CMTG
|
$288.08 Million |
|
Guangdong Marubi Biotechnology Co
SHG:603983
|
$287.97 Million |
|
J&V Energy Tech Co Ltd
TW:6869
|
$287.88 Million |
|
Shenzhen King Explorer Science and Technology Corp Class A
SHE:002917
|
$287.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Signature Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 7,840,618,000 to 8,013,101,000, a change of 172,483,000 (2.2%).
- Net income of 1,337,049,000 contributed positively to equity growth.
- Dividend payments of 177,686,000 reduced retained earnings.
- Other factors decreased equity by 986,880,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Billion | +16.69% |
| Dividends Paid | $177.69 Million | -2.22% |
| Other Changes | $-986.88 Million | -12.32% |
| Total Change | $- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Signature Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.04x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $89.12 | $5.00 | x |
| 2020-12-31 | $108.78 | $5.00 | x |
| 2021-12-31 | $129.31 | $5.00 | x |
| 2022-12-31 | $127.34 | $5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Signature Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.59%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 13.77x
- Recent ROE (16.69%) is above the historical average (12.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.35% | 43.96% | 0.03x | 10.61x | $111.94 Million |
| 2020 | 9.07% | 33.14% | 0.02x | 12.68x | $-54.33 Million |
| 2021 | 11.71% | 45.89% | 0.02x | 15.11x | $134.38 Million |
| 2022 | 16.69% | 49.59% | 0.02x | 13.77x | $535.74 Million |
Industry Comparison
This section compares Signature Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Signature Bank (SBNYL) | $8.01 Billion | 12.35% | 12.77x | $288.11 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |