Cryptocurrency-friendly bank Signature Bank achieved a record net income of $1.34 billion in 2022, a year-on-year increase of 46%

ChainCatcher news, the crypto-friendly bank Signature Bank reported a net income of approximately $300 million for the fourth quarter of 2022, with earnings per share of $4.65, a 10% increase from the net income of $272 million in the fourth quarter of 2021. The pre-tax, pre-provision earnings for the fourth quarter of 2022 were $450.6 million, up 16.9% compared to $385.4 million in the fourth quarter of 2021.
The net income for 2022 reached a record $1.34 billion, or diluted earnings per share of $207.6, compared to $918.4 million in 2021, which had diluted earnings per share of $15.03, a year-over-year increase of 46%. The pre-tax, pre-provision earnings for 2022 reached a record $1.83 billion, an increase of 41.3% from $1.3 billion in 2021. (Source link)