Signature Bank (SBNY)
Market Price (3/30/2026): $0 | Market Cap: $0Sector: Financials | Industry: Regional Banks
Signature Bank (SBNY)
Market Price (3/30/2026): $0Market Cap: $0Sector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 3642%, Dividend Yield is 348%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3638%, FCF Yield is 2211% | Weak multi-year price returns2Y Excs Rtn is -91% | Penny stockMkt Price is 0.7 |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30580% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.19 | High stock price volatilityVol 12M is 113% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% | Key risksSBNY key risks include [1] poor management with inadequate risk practices, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% | ||
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 17% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Crypto & Blockchain. Themes include Digital Payments, and Blockchain Enterprise Solutions. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 3642%, Dividend Yield is 348%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3638%, FCF Yield is 2211% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30580% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 17% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Crypto & Blockchain. Themes include Digital Payments, and Blockchain Enterprise Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -91% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.19 |
| Penny stockMkt Price is 0.7 |
| High stock price volatilityVol 12M is 113% |
| Key risksSBNY key risks include [1] poor management with inadequate risk practices, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Evolving speculative investor sentiment regarding potential recoveries for shareholders from the FDIC receivership fueled buying interest. The primary driver of Signature Bank's (SBNY) stock movement since its closure in March 2023, and particularly in late 2025 and early 2026, has been ongoing speculation about the likelihood and amount of funds shareholders might eventually recoup from the liquidation of the bank's assets by the Federal Deposit Insurance Corporation (FDIC). Any perceived (even if unconfirmed) positive developments or increased optimism regarding these potential recoveries contributed to upward price movements. For example, there was a significant rise from approximately $0.60 on December 29, 2025, to $1.20 by January 2, 2026, driven by this speculative environment.
2. Heightened speculative trading activity capitalized on the stock's low price and volatility. As a defunct entity, SBNY's stock is not influenced by traditional company performance metrics but rather by speculative trading, making it highly volatile. The stock's relatively low price, hovering around $0.65 to $0.72 in early March 2026, makes it accessible to speculative investors seeking significant percentage gains from small absolute price movements. This inherent volatility and speculative interest create an environment where a 5% gain over a few months is a plausible fluctuation, even amidst longer-term declines.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SBNY | 2.4% | |
| Market (SPY) | -5.3% | -21.3% |
| Sector (XLF) | -10.0% | -15.2% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SBNY | 18.2% | |
| Market (SPY) | 0.6% | -14.0% |
| Sector (XLF) | -10.8% | -8.1% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SBNY | -43.5% | |
| Market (SPY) | 9.8% | 1.8% |
| Sector (XLF) | -7.1% | 4.5% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SBNY | ||
| Market (SPY) | 69.4% | 2.7% |
| Sector (XLF) | 40.5% | 4.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SBNY Return | - | - | 1131% | -14% | -27% | -35% | 400% |
| Peers Return | 47% | -13% | 18% | 43% | 41% | -10% | 171% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| SBNY Win Rate | - | - | 60% | 50% | 33% | 0% | |
| Peers Win Rate | 70% | 43% | 53% | 65% | 72% | 13% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| SBNY Max Drawdown | - | - | -98% | -43% | -66% | -48% | |
| Peers Max Drawdown | -1% | -27% | -14% | -5% | -17% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JPM, BAC, WFC, MS, GS. See SBNY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
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nullIn The Past
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About Signature Bank (SBNY)
AI Analysis | Feedback
1. **JPMorgan Chase for high-net-worth clients and their businesses.**
2. **Morgan Stanley, but with a full commercial bank attached.**
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- Deposit Accounts: Offers a variety of checking, money market, escrow, cash concentration, and certificate of deposit accounts for commercial and personal clients.
- Lending Services: Provides commercial and industrial loans, real estate loans, and letters of credit to businesses.
- Investment & Wealth Management: Delivers asset management, investment products, and comprehensive wealth management services to high-net-worth clients.
- Retirement Services: Supports clients with individual retirement accounts and administrative services for retirement vehicles.
- SBA Loan Services: Engages in the purchase, sale, and assembly of Small Business Administration loans and pools.
- Insurance Products: Supplies individual and group insurance products covering health, life, disability, and long-term care.
AI Analysis | Feedback
Signature Bank (SBNY) serves a diverse client base, primarily categorized as follows:
- Commercial Businesses: The bank provides a range of commercial banking products and services, including commercial and industrial loans, various deposit products (like cash concentration accounts and escrow deposit accounts), letters of credit, and group insurance products. This category includes a broad spectrum of companies seeking financial solutions.
- Small Businesses: Signature Bank specifically works with small businesses, purchasing, selling, and assembling Small Business Administration loans and pools.
- High Net Worth Individuals / Private Clients: The bank offers wealth management services, asset management and investment products, individual retirement accounts, and individual insurance products to its high net worth personal clients, operating through its network of private client offices.
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Signature Bank (SBNY) ceased operations and was closed by the Federal Deposit Insurance Corporation (FDIC) in March 2023, marking it as one of the largest bank failures in U.S. history. The key risks that led to the business's failure are as follows:- Over-reliance on Uninsured Deposits and Inadequate Liquidity Risk Management: Signature Bank's business model was characterized by a significant concentration of uninsured deposits, which accounted for nearly 90% of its total deposits. This created a highly unstable funding base, making the bank extremely vulnerable to rapid withdrawals during times of financial stress. Furthermore, the bank's management failed to implement adequate liquidity and contingency funding mechanisms, which impeded its ability to withstand a sudden run on deposits.
- Poor Management and Inadequate Risk Management Practices: Reviews by the FDIC and other bodies highlighted that Signature Bank's management prioritized aggressive growth over establishing and maintaining sound risk management practices appropriate for its size and complexity. Management often did not heed examiner concerns and was slow to address supervisory recommendations, particularly regarding weaknesses in liquidity contingency planning and stress testing.
- Vulnerability to Contagion from the Crypto Industry: The bank's substantial exposure to and reliance on deposits from the digital assets industry made it particularly susceptible to contagion effects during the crypto market turmoil in late 2022 and early 2023. The failures of other crypto-friendly banks, such as Silvergate Bank and Silicon Valley Bank, precipitated a rapid and massive outflow of deposits from Signature Bank, accelerating its collapse.
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- The emergence of digital-first challenger banks and neobanks, which offer streamlined, technology-driven banking services (deposits, payments, and some lending) often with lower fees and greater convenience, threatening Signature Bank's traditional commercial banking products and deposit gathering.
- The rise of specialized fintech lenders and alternative financing platforms that leverage data and technology to provide faster, more flexible, and often more tailored lending solutions for commercial and industrial loans and real estate loans, potentially eroding Signature Bank's market share in its lending portfolios.
- The growing adoption of automated wealth management platforms and robo-advisors, which provide lower-cost and digitally accessible investment and advisory services, posing a competitive threat to Signature Bank's asset management, investment products, and wealth management services, particularly for segments of its high net worth clientele.
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Signature Bank offered a range of commercial banking products and services. The addressable markets for these main products and services in the U.S. region are as follows:
- Commercial Banking Deposits: The total deposits held by all commercial banks in the U.S. were approximately $18.82 trillion as of March 13, 2026.
- Commercial and Industrial (C&I) Loans: Commercial and Industrial Loans held by all commercial banks in the U.S. amounted to approximately $2.785 trillion as of March 6, 2026.
- Real Estate Loans (Commercial): Commercial Real Estate Loans held by all commercial banks in the U.S. were about $3.072 trillion in February 2026.
- Wealth Management Services: In 2024, high-net-worth households (those with at least $5 million in financial assets) in the U.S. were estimated to control $49 trillion of financial wealth, representing 54% of the total U.S. household financial wealth, which exceeded $90 trillion by year-end 2024.
- Small Business Administration (SBA) Loans: The overall U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033. Annual SBA 7(a) loan approvals were significant, with over $10 billion approved in Q2 FY2025 (January through March 2025).
- Insurance Products:
- Health and Medical Insurance: The United States health and medical insurance market is estimated at USD 1.65 trillion in 2026 and is projected to reach USD 2.15 trillion by 2031.
- Life Insurance: The U.S. life insurance market size was estimated at USD 1.93 trillion in 2024 and is predicted to be worth around USD 4.74 trillion by 2034.
- Disability Insurance: The U.S. Disability Insurance Market was valued at USD 1.7 billion in 2024.
- Long-Term Care Insurance (Private): The Long-Term Care Insurance Market size was valued at USD 27.45 billion in 2024 and is poised to grow to USD 79.23 billion by 2033.
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Share Repurchases
- As of the end of 2022, Signature Bank had $450 million remaining under its share repurchase authorization.
- The bank's share repurchase authorization was expanded to an aggregate amount of up to $500 million in April 2020.
- From the start of the first quarter of 2023 through March 8, 2023, Signature Bank repurchased $55 million of common stock.
Share Issuance
- Signature Bank's number of shares outstanding was 62,440,000 at the end of 2022.
- The weighted-average diluted shares outstanding for the fiscal year ending December 31, 2022, were 62.60 million.
Outbound Investments
- Signature Bank increased lending in the form of capital call/subscription loans during 2021 and 2022.
- By March 8, 2023, loan balances were $71.81 billion, a reduction of $1.99 billion since year-end 2022, as the bank pursued a strategy to reduce loan balances in its larger business lines.
Capital Expenditures
- Capital expenditures were -$48.32 million in the 12 months leading up to Signature Bank's closure in March 2023.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 117.79 |
| Mkt Cap | 247.2 |
| Rev LTM | 74,706 |
| Op Inc LTM | - |
| FCF LTM | -19,894 |
| FCF 3Y Avg | -9,537 |
| CFO LTM | -18,445 |
| CFO 3Y Avg | -7,889 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.3% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 6.7% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | -24.9% |
| CFO/Rev 3Y Avg | -10.2% |
| FCF/Rev LTM | -27.1% |
| FCF/Rev 3Y Avg | -11.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 247.2 |
| P/S | 3.4 |
| P/EBIT | - |
| P/E | 12.4 |
| P/CFO | -5.3 |
| Total Yield | 8.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.5% |
| D/E | 1.3 |
| Net D/E | -0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.8% |
| 3M Rtn | -14.6% |
| 6M Rtn | -7.7% |
| 12M Rtn | 17.6% |
| 3Y Rtn | 129.4% |
| 1M Excs Rtn | -2.8% |
| 3M Excs Rtn | -6.7% |
| 6M Excs Rtn | 0.2% |
| 12M Excs Rtn | 2.1% |
| 3Y Excs Rtn | 69.7% |
Price Behavior
| Market Price | $0.65 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/28/2023 | |
| Distance from 52W High | -56.1% | |
| 50 Days | 200 Days | |
| DMA Price | $0.98 | $0.75 |
| DMA Trend | up | down |
| Distance from DMA | -33.8% | -12.9% |
| 3M | 1YR | |
| Volatility | 152.3% | 124.0% |
| Downside Capture | 561.02 | 48.53 |
| Upside Capture | 95.04 | -6.29 |
| Correlation (SPY) | -13.2% | -1.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.29 | -0.15 | -1.68 | -1.10 | 0.21 | 0.21 |
| Up Beta | -0.62 | -4.85 | -6.41 | -3.25 | -0.11 | -0.45 |
| Down Beta | � | -0.79 | 1.18 | -0.43 | 0.93 | -0.09 |
| Up Capture | -347% | -64% | -76% | -14% | -11% | -3% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 0 | 2 | 12 | 28 | 54 | 250 |
| Down Capture | -0% | 303% | -253% | -172% | 36% | -885% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 1 | 10 | 16 | 36 | 86 | 293 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBNY | |
|---|---|---|---|---|
| SBNY | 60.1% | 120.2% | 1.00 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 2.6% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | -0.2% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -0.0% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 0.7% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | -1.7% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | -4.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBNY | |
|---|---|---|---|---|
| SBNY | 51.7% | 429.7% | 1.47 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 5.1% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 3.0% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | -1.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | -0.3% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 9.0% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | -1.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBNY | |
|---|---|---|---|---|
| SBNY | 23.2% | 429.7% | 1.47 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 5.1% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 3.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -1.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | -0.3% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 9.0% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | -1.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
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