Signature Bank (merged into Signature Bridge Bank)

What sets Signature Bank apart

Nothing in the latest data sets Signature Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is Signature Bank?

The balance sheet of Signature Bank at Q4 2022: assets $110.4 bn, deposits $88.6 bn, net loans $74.4 bn (loans equal to 83.95% of deposits). Securities make up 23.7% of total assets at Signature Bank. Since Q1 2016, when Signature Bank held $34.9 bn, its assets grew 216.2%. In the year to Q4 2022, deposits at Signature Bank fell 16.5% while its total assets fell 6.8%. At Q4 2022, Signature Bank employed 2,263 full-time equivalent staff across 40 offices, about $48.8 mn of assets per employee and $2.2 bn of deposits per office.

How much funding at Signature Bank is uninsured?

At Signature Bank, uninsured deposits (above the FDIC limit) made up 89.67% of domestic deposits at Q4 2022 (-2.31 pp on a year earlier). In dollars, Signature Bank estimated $79.5 bn of uninsured deposits.

Key facts, Q4 2022

US rank of Signature Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Signature Bank stood at 10.41% in Q4 2022, +0.81 pp year on year. Low and high at Signature Bank since Q1 2016: 9.60% (Q4 2021) to 12.42% (Q1 2016). Equity capital of Signature Bank at Q4 2022: $8.0 bn, or 7.3% of total assets. Signature Bank also reported a total capital ratio of 12.32% for Q4 2022, and a tier 1 leverage ratio of 8.79%.

On held-to-maturity securities, Signature Bank carried an unrealized loss of $762.2 mn at Q4 2022, equal to 9.5% of equity capital. The loss widened by $708.6 mn over the year. Its deepest point: $769.8 mn in Q3 2022. The available-for-sale portfolio of Signature Bank showed an unrealized loss of $2.5 bn at Q4 2022; the loss widened by $2.2 bn over the year.

For the year to Q4 2022, Signature Bank earned a return on equity of 16.82%; return on assets: 1.15%. Net interest margin at Signature Bank: 2.24%, +0.11 pp in a year. Signature Bank net income: $1.3 bn, up 45.6% year on year. The efficiency ratio of Signature Bank was 32.04%: about 32 cents cost per revenue dollar, against 58 cents at the median peer.

At Q4 2022, noncurrent loans were 0.32% of total loans at Signature Bank; net charge-offs: 0.09% of average loans. Gross loans and leases at Signature Bank: $74.9 bn at Q4 2022, against $65.2 bn at Q4 2021.

The peer group of Signature Bank is the 6 banks nearest to it by total assets at Q4 2022: 3 larger and 3 smaller. Of the peers, 2 share the charter type of Signature Bank (state nonmember bank) and 0 have head offices in New York. Against them, Signature Bank shows CET1 ratio 10.41% against a peer median of 15.86%, return on equity 16.82% against a peer median of 7.82% and uninsured deposit share 89.67% against a peer median of 29.32%.

The FDIC history of Signature Bank, oldest first; figures before and after each event are not like for like.

1. 12 March 2023. Merged into Signature Bridge Bank, National Association (FDIC certificate 59332).