Item 2.02. Results of Operations and Financial Condition.
On January 19, 2023, SVB Financial Group (the "Company") announced its financial
results for the fourth quarter ended December 31, 2022. A copy of the release
and a fourth quarter CEO letter and earnings slides are attached hereto as
Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by
reference. The information in this report shall not be treated as "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference into any registration statement or other
document pursuant to the Securities Act of 1933 or the Securities Act of 1934,
except as expressly stated by specific reference in such filing.
Item 8.01. Other Events.
On January 19, 2023, the Company's Board of Directors declared a quarterly cash
dividend of $13.125 per share (representing $0.328125 per depositary share) on
the Series A Preferred Stock. The dividend is payable on February 15, 2023 to
holders of record at the close of business on February 1, 2023.
On January 19, 2023, the Company's Board of Directors declared a quarterly cash
dividend of $1,025 per share (representing $10.25 per depositary share) on the
Series B Preferred Stock. The dividend is payable on February 15, 2023 to
holders of record at the close of business on February 1, 2023.
On January 19, 2023, the Company's Board of Directors declared a quarterly cash
dividend of $1,000 per share (representing $10.00 per depositary share) on the
Series C Preferred Stock. The dividend is payable on February 15, 2023 to
holders of record at the close of business on February 1, 2023.
On January 19, 2023, the Company's Board of Directors declared a quarterly cash
dividend of $1,062.50 per share (representing $10.625 per depositary share) on
the Series D Preferred Stock. The dividend is payable on February 15, 2023 to
holders of record at the close of business on February 1, 2023.
On January 19, 2023, the Company's Board of Directors declared a quarterly cash
dividend of $1,175 per share (representing $11.75 per depositary share) on the
Series E Preferred Stock. The dividend is payable on February 15, 2023 to
holders of record at the close of business on February 1, 2023.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Earnings Release, dated January 19, 2023, announcing the Company's financial
results for the fourth quarter ended December 31, 2022
99.2 Q4 2022 CEO Letter and Earnings Slides
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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