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Article: Signature Bank Reports 2009 Third Quarter Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced its results for the 2009 third quarter ended September 30, 2009.
Net income for the 2009 third quarter increased 65.0 percent to $15.2 million, or $0.37 diluted earnings per share, compared with $9.2 million, or $0.29 diluted earnings per share, for the 2008 third quarter. The 2008 third quarter results include an $8.0 million other than temporary impairment write-down on a single Lehman Brothers senior debenture. Excluding the after-tax effect of the impairment write-down on this debenture, net income for the 2008 third quarter would have been $13.6 million, or $0.44 diluted ...