Signature Bank (SBNY) Income Statement
SBNY 2022 at a glance
Fiscal year ended December 31, 2022 · U.S. dollarsSBNY revenue and net income
Where SBNY's revenue goes
2022Each bar shows an amount and its share of revenue. SBNY kept 36.0% of revenue as net income.
SBNY profit margins
SBNY growth rates
to 2022| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +60.6% | +23.4% | +23.9% | +18.2% |
| Gross profit | +34.1% | +24.7% | +15.5% | +17.0% |
| Operating income | +40.7% | +28.8% | +16.8% | +18.3% |
| Net income | +45.6% | +31.6% | +28.1% | +21.8% |
| EPS (diluted) | +38.3% | +24.0% | +18.0% | +18.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SBNY quarterly EPS vs estimates
Signature Bank beat the analyst EPS estimate in 7 of the last 8 quarters.
SBNY income statement
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.71B | $2.31B | $2.01B | $1.97B | $1.76B | $1.27B | $1.36B | $1.14B | $959.3M | $787.2M |
| Cost of revenue | $1.09B | $359.9M | $660.6M | $622.7M | $572.5M | $495.9M | $325.7M | $174.8M | $154.2M | $148.4M |
| Gross profit | $2.62B | $1.95B | $1.35B | $1.35B | $1.19B | $1.27B | $1.03B | $969.3M | $805.0M | $638.7M |
| Sales, general & admin | $766.9M | $626.1M | $551.4M | $471.7M | $438.3M | $390.9M | $338.0M | $305.7M | $270.8M | $227.5M |
| Total operating expenses | $862.2M | $703.6M | $614.1M | $529.3M | $486.3M | $1.27B | $376.8M | $341.2M | $293.2M | $247.2M |
| Operating income | $1.76B | $1.25B | $732.2M | $821.4M | $700.7M | $807.8M | $657.4M | $628.1M | $511.8M | $391.5M |
| Interest income | $3.55B | $2.19B | $1.93B | $1.91B | $1.71B | $1.47B | $1.32B | $1.11B | $924.3M | — |
| Interest expense | $1.02B | $309.9M | $412.6M | $600.1M | $409.9M | $232.6M | $169.9M | $129.8M | $123.1M | $106.8M |
| Income before taxes | $1.76B | $1.25B | $732.2M | $821.4M | $700.7M | $575.3M | $657.4M | $628.1M | $511.8M | $391.5M |
| Income taxes | $418.4M | $329.3M | $203.8M | $234.9M | $194.3M | $188.1M | $261.1M | $255.0M | $215.1M | $162.8M |
| Net income | $1.34B | $918.4M | $528.4M | $586.5M | $506.4M | $387.2M | $396.3M | $373.1M | $296.7M | $228.7M |
| EBITDA | $1.78B | $1.27B | $752.9M | $841.5M | $714.7M | $820.0M | $667.5M | $637.1M | $520.7M | $399.8M |
| EPS (diluted) | $20.78 | $15.03 | $9.97 | $10.89 | $11.29 | $9.08 | $7.30 | $7.30 | $5.94 | $4.75 |
| Gross margin | 70.5% | 84.4% | 67.1% | 68.4% | 67.5% | 100.0% | 76.1% | 84.7% | 83.9% | 81.1% |
| Operating margin | 47.3% | 54.0% | 36.5% | 41.6% | 39.8% | 63.4% | 48.3% | 54.9% | 53.4% | 49.7% |
| Net margin | 36.0% | 39.7% | 26.3% | 29.7% | 28.8% | 30.4% | 29.1% | 32.6% | 30.9% | 29.1% |
| Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | Dec '20 | Sep '20 | Jun '20 | Mar '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $683.9M | $1.02B | $812.2M | $676.6M | $639.8M | $512.2M | $480.6M | $439.2M | $419.2M | $412.9M | $399.8M | $362.4M |
| Cost of revenue | $0 | $331.4M | $129.7M | $71.3M | $77.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | $683.9M | $688.7M | $682.5M | $605.3M | $562.5M | $512.2M | $480.6M | $439.2M | $419.2M | $412.9M | $399.8M | $362.4M |
| Sales, general & admin | $209.9M | $199.6M | $185.4M | $171.9M | $163.2M | $159.5M | $154.0M | $149.5M | $141.4M | $145.5M | $135.8M | $128.7M |
| Total operating expenses | $683.9M | $225.5M | $210.0M | $193.4M | $183.9M | $512.2M | $480.6M | $439.2M | $419.2M | $412.9M | $399.8M | $362.4M |
| Operating income | $926.4M | $463.2M | $472.5M | $411.9M | $378.6M | $327.0M | $300.3M | $241.9M | $225.9M | $199.7M | $154.9M | $151.7M |
| Interest income | $1.16B | $976.4M | $774.6M | $642.2M | $606.3M | $555.7M | $536.8M | $491.5M | $488.6M | $481.5M | $481.8M | $479.8M |
| Interest expense | $518.6M | $302.4M | $125.5M | $68.6M | $70.4M | $74.8M | $79.6M | $85.0M | $93.6M | $92.8M | $94.6M | $131.6M |
| Income before taxes | $407.8M | $463.2M | $472.5M | $411.9M | $378.6M | $327.0M | $300.3M | $241.9M | $225.9M | $199.7M | $154.9M | $151.7M |
| Income taxes | $107.0M | $104.7M | $133.3M | $73.4M | $106.6M | $85.6M | $85.8M | $51.4M | $52.9M | $61.1M | $37.7M | $52.1M |
| Net income | $300.8M | $358.5M | $339.2M | $338.5M | $272.0M | $241.4M | $214.5M | $190.5M | $173.0M | $138.6M | $117.2M | $99.6M |
| EBITDA | $932.2M | $469.2M | $478.3M | $417.5M | $384.4M | $332.3M | $305.2M | $246.9M | $230.8M | $204.9M | $160.2M | $156.9M |
| EPS (diluted) | $4.65 | $5.57 | $5.26 | $5.30 | $4.34 | $3.88 | $3.57 | $3.24 | — | — | — | — |
| Gross margin | 100.0% | 67.5% | 84.0% | 89.5% | 87.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 135.5% | 45.4% | 58.2% | 60.9% | 59.2% | 63.8% | 62.5% | 55.1% | 53.9% | 48.4% | 38.7% | 41.8% |
| Net margin | 44.0% | 35.1% | 41.8% | 50.0% | 42.5% | 47.1% | 44.6% | 43.4% | 41.3% | 33.6% | 29.3% | 27.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SBNY's financial statements (latest annual report filed December 31, 2022); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SBNY financial results
In fiscal year 2022 (ended December 31, 2022), Signature Bank reported revenue of $3.7 billion, up 60.6% from the year before. It had net income of $1.3 billion (up 45.6%), a net profit margin of 36.0%. Diluted earnings per share came to $20.78. Over five years revenue grew at an average rate of 23.9% a year.
See the SBNY stock overview for the latest quote and news, or the SBNY chart for price history and technical indicators.
SBNY income statement FAQ
What is Signature Bank's annual revenue?
Signature Bank reported total revenue of $3.7 billion for fiscal year 2022, which ended on December 31, 2022. That was up 60.6% from $2.3 billion the previous year.
Is Signature Bank profitable?
Yes. Signature Bank reported net income of $1.3 billion in fiscal 2022, a net profit margin of 36.0%; its operating margin was 47.3%.
What is Signature Bank's gross margin?
Signature Bank's gross margin was 70.5% in fiscal 2022: for every $100 of revenue, Signature Bank kept $71 after the direct cost of its products and services.
How fast is Signature Bank growing?
Revenue grew 23.9% a year on average over the last five fiscal years, from $1.3 billion to $3.7 billion.
What are Signature Bank's earnings per share?
Signature Bank earned $20.78 per diluted share in fiscal 2022, compared with $15.03 a year earlier.
When does Signature Bank's fiscal year end?
Signature Bank's fiscal year ends in December. The latest annual report covers the year ended December 31, 2022 and was filed on December 31, 2022.