Signature Bank (SBNY) Balance Sheet
SBNY balance sheet, 2022
December 31, 2022 · U.S. dollars$110.36B assets = $102.35B liabilities + $8.01B equity
Both columns are drawn to the same scale: what SBNY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBNY financial health
Debt / equity1.53
High leverage · $1.53 of debt for each $1 of equity
Cash / debt199.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2022.
SBNY balance sheet trends, 2013–2022
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $22.38B2013 | $110.36B2022 | +19.4%/yr | |
| Total liabilities | $20.58B2013 | $102.35B2022 | +19.5%/yr | |
| Shareholders’ equity | $1.80B2013 | $8.01B2022 | +18.0%/yr | |
| Cash & short-term investments | $5.78B2013 | $24.55B2022 | +17.4%/yr | |
| Total debt | $2.31B2013 | $12.29B2022 | +20.4%/yr | |
| Net cash (debt) | $3.47B2013 | $12.26B2022 | +$8.8B | |
| Working capital | −$18.37B2014 | −$65.22B2022 | −$46.8B | |
| Book value per share | $37.482013 | $127.992022 | +14.6%/yr | |
| Debt / equity | 1.282013 | 1.532022 | +0.25 | |
| Shares outstanding | 48.0M2013 | 62.6M2022 | +3.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBNY assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SBNY liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SBNY debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBNY balance sheet
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $24.55B | $46.77B | $21.24B | $7.93B | $7.62B | $7.29B | $6.87B | $6.58B | $6.37B | $5.78B |
| Cash & equivalents | $5.95B | $29.62B | $12.35B | $789.8M | $317.3M | $335.5M | $539.0M | $341.5M | $299.1M | $144.0M |
| Short-term investments | $18.59B | $17.15B | $8.89B | $7.14B | $7.30B | $6.95B | $6.34B | $6.24B | $6.07B | $5.63B |
| Receivables | $449.8M | $306.8M | $277.8M | $147.5M | $141.8M | $117.1M | $103.0M | $94.0M | $79.7M | $71.7M |
| Inventory | $449.8M | $5.7M | $34.5M | $46.8M | $51.6M | $28.8M | $19.6M | $2.3M | $548.3M | $420.8M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $25.00B | $47.08B | $21.52B | $8.08B | $7.76B | $7.41B | $6.98B | $6.68B | $6.45B | $5.85B |
| Property, plant & equipment (net) | $366.5M | $318.2M | $317.7M | $284.0M | $59.1M | $61.6M | $50.7M | $44.2M | $41.0M | $36.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $26.37B | $22.15B | $11.17B | $9.25B | $9.19B | $8.95B | $8.37B | $8.53B | $8.37B | $0 |
| Other non-current assets | $58.62B | $48.90B | $40.88B | $32.98B | $30.36B | $26.70B | $23.65B | $18.20B | $12.46B | $16.49B |
| Total assets | $110.36B | $118.45B | $73.89B | $50.59B | $47.36B | $43.12B | $39.05B | $33.45B | $27.32B | $22.38B |
| Liabilities | ||||||||||
| Accounts payable | $88.59B | $106.13B | $63.32B | $40.38B | $36.38B | $33.44B | $31.86B | $26.77B | $22.62B | $17.06B |
| Short-term debt | $150.0M | $150.0M | $150.0M | $3.24B | $150.0M | $75.0M | $320.0M | $470.0M | $2.05B | — |
| Total current liabilities | $90.21B | $107.14B | $64.13B | $45.39B | $42.70B | $38.83B | $35.18B | $27.89B | $24.82B | — |
| Long-term debt | $11.86B | $3.21B | $3.67B | $456.1M | $258.2M | $257.4M | $256.6M | $2.67B | $1.21B | $1.29B |
| Lease obligations | $281.6M | $254.7M | $265.4M | $242.6M | — | — | — | — | — | — |
| Other long-term liabilities | $281.6M | $254.7M | $265.4M | $4.38B | $4.97B | $4.20B | $2.05B | $50.0M | $130.0M | $1.02B |
| Total liabilities | $102.35B | $110.60B | $68.06B | $45.85B | $42.96B | $39.09B | $35.44B | $30.56B | $24.82B | $20.58B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $629,000 | $606,000 | $555,000 | $554,000 | $554,000 | $550,000 | $546,000 | $509,000 | $503,000 | $473,000 |
| Retained earnings (deficit) | $5.46B | $4.30B | $3.55B | $3.20B | $2.73B | $2.29B | $1.90B | $1.51B | $1.13B | $837.2M |
| Treasury stock | — | — | — | −$233.6M | −$42.7M | −$171,000 | — | −$5.7M | — | — |
| Accumulated other comprehensive income | −$2.00B | −$222.3M | −$72.9M | −$65.6M | −$144.5M | −$68.9M | −$54.7M | −$9.5M | $13.1M | −$51.7M |
| Total shareholders' equity | $8.01B | $7.84B | $5.83B | $4.75B | $4.41B | $4.03B | $3.61B | $2.89B | $2.50B | $1.80B |
| Key figures | ||||||||||
| Total debt | $12.29B | $3.61B | $4.08B | $4.84B | $5.23B | $4.45B | $2.31B | $2.72B | $1.34B | $2.31B |
| Net cash (debt) | $12.26B | $43.16B | $17.16B | $3.09B | $2.39B | $2.84B | $4.57B | $3.86B | $5.04B | $3.47B |
| Working capital | −$65.22B | −$60.06B | −$42.61B | −$37.31B | −$34.94B | −$31.42B | −$28.20B | −$21.21B | −$18.37B | — |
| Tangible book value | $8.01B | $7.84B | $5.83B | $4.75B | $4.41B | $4.03B | $3.61B | $2.89B | $2.50B | $1.80B |
| Book value per share | $127.99 | $134.01 | $110.15 | $87.86 | $80.62 | $74.09 | $67.13 | $56.37 | $50.05 | $37.48 |
| Shares outstanding | 62.6M | 58.5M | 52.9M | 54.0M | 54.7M | 54.4M | 53.8M | 51.3M | 49.9M | 48.0M |
| Current ratio | 0.28 | 0.44 | 0.34 | 0.18 | 0.18 | 0.19 | 0.20 | 0.24 | 0.26 | — |
| Quick ratio | 0.28 | 0.44 | 0.34 | 0.18 | 0.18 | 0.19 | 0.20 | 0.24 | 0.26 | — |
| Debt / equity | 1.53 | 0.46 | 0.70 | 1.02 | 1.19 | 1.10 | 0.64 | 0.94 | 0.53 | 1.28 |
| Equity / assets | 7.3% | 6.6% | 7.9% | 9.4% | 9.3% | 9.4% | 9.3% | 8.6% | 9.1% | 8.0% |
| Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | Dec '20 | Sep '20 | Jun '20 | Mar '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $24.55B | $29.94B | $34.17B | $46.02B | $46.77B | $42.92B | $37.56B | $30.29B | $21.24B | $13.91B | $11.72B | $8.61B |
| Cash & equivalents | $5.95B | $11.47B | $14.58B | $26.32B | $29.62B | $28.84B | $24.98B | $19.75B | $12.35B | $6.41B | $4.57B | $1.55B |
| Short-term investments | $18.59B | $18.47B | $19.59B | $19.69B | $17.15B | $14.08B | $12.58B | $10.54B | $8.89B | $7.50B | $7.15B | $7.05B |
| Receivables | $449.8M | $402.9M | $349.2M | $337.6M | $306.8M | $312.2M | $307.7M | $298.4M | $277.8M | $249.9M | $209.8M | $148.6M |
| Inventory | $449.8M | $1.6M | $4.2M | $4.7M | $5.7M | $15.9M | $21.2M | $31.0M | $34.5M | $45.6M | $48.9M | $47.2M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $25.00B | $30.34B | $34.52B | $46.35B | $47.08B | $43.23B | $37.87B | $30.58B | $21.52B | $14.16B | $11.93B | $8.75B |
| Property, plant & equipment (net) | $366.5M | $367.9M | $364.5M | $331.1M | $318.2M | $311.4M | $313.5M | $321.0M | $317.7M | $295.7M | $291.9M | $293.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $26.37B | $26.05B | $26.32B | $26.24B | $22.15B | $18.13B | $15.94B | $13.23B | $11.17B | $9.59B | $9.23B | $9.14B |
| Other non-current assets | $58.62B | $57.71B | $54.77B | $48.92B | $48.90B | $46.18B | $42.77B | $41.24B | $40.88B | $39.71B | $38.90B | $34.89B |
| Total assets | $110.36B | $114.47B | $115.97B | $121.85B | $118.45B | $107.85B | $96.89B | $85.38B | $73.89B | $63.76B | $60.35B | $53.07B |
| Liabilities | ||||||||||||
| Accounts payable | $88.59B | $102.78B | $104.12B | $109.16B | $106.13B | $95.57B | $85.56B | $73.97B | $63.32B | $54.34B | $50.23B | $42.24B |
| Short-term debt | $150.0M | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | $90.21B | $104.47B | $105.50B | $110.39B | $109.62B | $96.67B | $86.44B | $74.88B | $66.07B | $55.21B | $55.03B | $47.85B |
| Long-term debt | $11.86B | $2.03B | $2.15B | $3.02B | $3.21B | $3.23B | $3.33B | $3.59B | $3.67B | $3.30B | $4.34B | $456.5M |
| Lease obligations | $281.6M | $286.3M | $289.3M | $260.8M | $254.7M | $251.2M | $257.9M | $270.1M | $265.4M | $243.8M | $244.1M | $244.5M |
| Other long-term liabilities | $281.6M | $104.75B | $105.79B | $260.8M | $254.7M | $251.2M | $257.9M | $270.1M | $265.4M | $243.8M | $244.1M | $4.65B |
| Total liabilities | $102.35B | $106.78B | $107.93B | $113.67B | $110.60B | $100.17B | $90.04B | $78.74B | $68.06B | $58.78B | $55.49B | $48.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $629,000 | $629,000 | $629,000 | $629,000 | $606,000 | $606,000 | $577,000 | $578,000 | $555,000 | $555,000 | $555,000 | $555,000 |
| Retained earnings (deficit) | $5.46B | $5.20B | $4.89B | $4.59B | $4.30B | $4.07B | $3.87B | $3.70B | $3.55B | $3.41B | $3.30B | $3.21B |
| Treasury stock | — | — | — | — | — | — | — | — | — | — | — | −$232.8M |
| Accumulated other comprehensive income | −$2.00B | −$2.05B | −$1.38B | −$929.2M | −$222.3M | −$142.7M | −$111.9M | −$129.3M | −$72.9M | −$52.1M | −$50.7M | −$48.9M |
| Total shareholders' equity | $8.01B | $7.69B | $8.03B | $8.17B | $7.84B | $7.68B | $6.84B | $6.64B | $5.83B | $4.98B | $4.86B | $4.76B |
| Key figures | ||||||||||||
| Total debt | $12.29B | $2.31B | $2.43B | $3.28B | $3.46B | $3.49B | $3.59B | $3.86B | $3.93B | $3.54B | $4.59B | $5.11B |
| Net cash (debt) | $12.26B | $27.63B | $31.73B | $42.74B | $43.31B | $39.43B | $33.97B | $26.42B | $17.31B | $10.37B | $7.14B | $3.50B |
| Working capital | −$65.22B | −$74.13B | −$70.99B | −$64.04B | −$62.54B | −$53.44B | −$48.58B | −$44.29B | −$44.56B | −$41.05B | −$43.10B | −$39.10B |
| Tangible book value | $8.01B | $7.69B | $8.03B | $8.17B | $7.84B | $7.68B | $6.84B | $6.64B | $5.83B | $4.98B | $4.86B | $4.76B |
| Book value per share | $127.86 | $122.71 | $128.12 | $131.56 | $131.23 | $128.53 | $118.98 | $119.62 | $109.69 | $94.32 | $92.12 | $90.42 |
| Shares outstanding | 62.7M | 62.7M | 62.7M | 62.1M | 59.7M | 59.7M | 57.5M | 55.5M | 53.1M | 52.8M | 52.8M | 52.7M |
| Current ratio | 0.28 | 0.29 | 0.33 | 0.42 | 0.43 | 0.45 | 0.44 | 0.41 | 0.33 | 0.26 | 0.22 | 0.18 |
| Quick ratio | 0.28 | 0.29 | 0.33 | 0.42 | 0.43 | 0.45 | 0.44 | 0.41 | 0.33 | 0.26 | 0.22 | 0.18 |
| Debt / equity | 1.53 | 0.30 | 0.30 | 0.40 | 0.44 | 0.45 | 0.52 | 0.58 | 0.68 | 0.71 | 0.94 | 1.07 |
| Equity / assets | 7.3% | 6.7% | 6.9% | 6.7% | 6.6% | 7.1% | 7.1% | 7.8% | 7.9% | 7.8% | 8.1% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2022); data from EODHD.
SBNY financial position
At the end of fiscal 2022 (December 31, 2022), Signature Bank had total assets of $110.4 billion (down 6.8% from a year earlier), total liabilities of $102.4 billion and shareholders' equity of $8.0 billion. It held $24.5 billion in cash and short-term investments against $12.3 billion of debt, a net cash position of $12.3 billion. Its current ratio was 0.28.
Related: SBNY income statement, SBNY cash flow statement, SBNY key metrics. See the SBNY stock overview for the latest quote and news.
SBNY balance sheet FAQ
What are Signature Bank's total assets?
Signature Bank reported total assets of $110.4 billion at the end of fiscal 2022 (December 31, 2022), compared with $118.4 billion a year earlier.
How much debt does Signature Bank have?
Signature Bank had $12.3 billion of total debt at the end of fiscal 2022, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.53.
How much cash does Signature Bank have?
Signature Bank held $24.5 billion in cash and short-term investments at the end of fiscal 2022; with $12.3 billion of debt that is net cash of $12.3 billion.
What is Signature Bank's book value?
Signature Bank's shareholders' equity (book value) was $8.0 billion at the end of fiscal 2022, or $127.99 per share.
What is Signature Bank's current ratio?
Signature Bank had current assets of $25.0 billion and current liabilities of $90.2 billion, a current ratio of 0.28 (current liabilities exceed current assets).