Below is transcript of the Signature Bank (NASDAQ:SBNY)’s Fourth Quarter and Year-End Results Conference Call, held on January 22, 2015, at 10:00 a.m. EST. Weatherbie Capital, Conatus Capital Management and Sirios Capital Management was among Signature Bank (NASDAQ:SBNY) shareholders at the end of the third quarter.
Signature Bank (NASDAQ:SBNY) is a full-service commercial bank with 25 private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. It offers a variety of business and personal banking products and services through the Bank, as well as investment, brokerage, asset management and insurance products and services through its wholly owned subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser.
Joseph J. DePaolo – President and Chief Executive Officer
Susan Lewis – Investor Relations
Eric R. Howell – Executive Vice President, Corporate and Business Development.
Jared Shaw, Wells Fargo Securities
Steven Alexopoulos, JPMorgan
Lana Chan, BMO Capital Markets
Ken Zerbe, Morgan Stanley
Casey Haire, Jefferies
Dave Rochester, Deutsche Bank
Chris McGratty, KBW
Peyton Green, Sterne Agee
Ebrahim Poonawala, Bank of America Merrill Lynch.
Welcome to Signature Bank’s (NASDAQ:SBNY) 2014 Fourth Quarter and Year-End Results Conference Call. Hosting the call today from Signature Bank, are Joseph J. DePaolo, President and Chief Executive Officer; and Eric R. Howell, Executive Vice President, Corporate and Business Development. Today’s call is being recorded. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. (Operator Instructions) It is now my pleasure to turn the floor over to Joseph J. DePaolo, President and Chief Executive Officer. You may begin.
Joseph J. DePaolo, President and Chief Executive Officer
Good morning and thank you for joining us today for the Signature Bank 2014 fourth quarter and year-end results conference call. Before I begin my formal remarks, Susan Lewis will read the forward-looking disclaimer. Please go ahead, Susan.
Susan Lewis, Investor Relations
Thank you, Joe. This conference call and oral statements made from time-to-time by our representatives contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. You should not place undue reliance on those statements, because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client team hires, new office openings and business strategy.
As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements. These factors include those described in our quarterly and annual reports filed with the FDIC, which you should review carefully for further information. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. Now, I’d like to turn the call back to Joe.