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Technical Analysis
- 1/30/2009 2:20:40 AM
By Chip Brian, SmarTrend Analytics Team
Signature Bank (NASDAQ:SBNY) reported net income for the fourth quarter was $13.1 million, or $0.37 diluted earnings per share, compared to a net loss of $3.0 million, or $0.10 diluted loss per share in the same quarter last year. Excluding one-time items, the company would have earned $0.48 per share, beating consensus estimates of $0.37 per share. Fiscal year 2008 net income totaled $43.0 million, or $1.35 diluted earnings per share, compared to $27.3 million, or $0.91 diluted earnings per share in 2007.
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