Signature Bank (OTCPK:SBNY)
$ 1.23 -0.015 (-1.2%) Market Cap: 77.46 Mil Enterprise Value: 77.46 Mil PE Ratio: 0.06 PB Ratio: 0 GF Score: 78/100

Signature Bank at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 09, 2020 / 06:20PM GMT
Release Date Price: $127 (+5.06%)
Ryan Matthew Nash
Goldman Sachs Group, Inc., Research Division - MD

All right. Up next, we are pleased to, once again, have Signature Bank joining us. Signature has accelerated its growth. And continue down the path of its diversification efforts over the past year, expanding into capital call lending, diversifying its deposit gathering and building out its West Coast initiative, all while in the middle of a pandemic.

In addition, it's continued to see solid growth out of its 100-plus teams that have helped contribute to record deposit growth in 2020.

Here to tell us more about the strategy is President and CEO, Joe DePaolo; and Executive Vice President of Corporate and Business Development, Eric Howell. Today's presentation is going to be fireside chat. I'm going to kick it off.

Joe, can you maybe just give us an update on how the fourth quarter is progressing? I think last month, you talked about $10 billion of gross deposit growth and maybe $6 billion of net after some left. And you were talking about a little over $1 billion of loan growth. Can you maybe just give us an

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