Signature Bank Posts Q2 Beat, But Shares Drop 4%
<p><a href='https://financialmodelingprep.com/financial-summary/SBNY'>Signature Bank (NASDAQ:SBNY)</a> closed more than 4% lower on Tuesday despite reported strong Q2 results, with EPS of $5.26 coming in better than the Street estimate of $5.06.</p>
<p>There was a lot to unpack post the earnings call. Deutsche Bank analysts provided their three biggest takeaways: (1) deposit outflows were higher than expected but were not all rate or crypto driven, (2) credit-related exposure to crypto is de minimise, and (3) management updated guidance for H2/22, including a shift in prioritizing deposit over loan growth in the near term driven by a cautious outlook on the operating environment given rising rates and the uncertainty around the Fed's quantitative tightening.</p>

NASDAQ:SBNY