At a time when asset-sensitive balance sheets are starting to really take a bite out of bank earnings, Signature Bank’s (SBNY) liability-sensitive balance sheet certainly stands out. That isn’t to say that Signature is going to reap a windfall as rates decline, but whereas many banks are look at 10bp-20bp of spread compression (or worse) over the next year or two, Signature will likely see some modest improvement. On top of that, Signature has been investing fairly aggressively to expand its private banking and venture/private equity banking capabilities.
With what I think