Signature Bank (Signature Bank) Credit Losses Provision : $79 Mil (As of Dec. 2022)

View and export this data going back to 2004. Start your Free Trial

What is Signature Bank Credit Losses Provision?

Signature Bank's credit losses provision for the three months ended in Dec. 2022 was $43 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2022 was $79 Mil.

Signature Bank's quarterly credit losses provision increased from Jun. 2022 ($4 Mil) to Sep. 2022 ($29 Mil) and increased from Sep. 2022 ($29 Mil) to Dec. 2022 ($43 Mil).

Signature Bank's annual credit losses provision declined from Dec. 2020 ($248 Mil) to Dec. 2021 ($50 Mil) but then increased from Dec. 2021 ($50 Mil) to Dec. 2022 ($79 Mil).

Signature Bank Credit Losses Provision Historical Data

The historical data trend for Signature Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Signature Bank Credit Losses Provision Chart

Signature Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Credit Losses Provision

Get a 7-Day Free Trial

162.52

22.64

248.09

50.04

78.77

Signature Bank Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Credit Losses Provision	Get a 7-Day Free Trial															6.88	2.70	4.25	29.07	42.76

Signature Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $79 Mil.

Signature Bank (Signature Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Signature Bank (OTCPK:SBNY) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

SBNYL.PFD:USA

Address

565 Fifth Avenue, New York, NY, USA, 10017

Website

https://www.signatureny.com

Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of its revenue from the Commercial banking segment, which consists principally of commercial real estate lending, fund banking, venture banking, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.