SVB Financial Group

SIVBQ

US78486Q1013

Banks

Market Closed - OTC Markets Other stock markets 03:12:20 2024-05-10 pm EDT			5-day change	1st Jan Change
0.062 ^USD	+1.64%		+24.00%	+87.31%

May. 06	US financial regulators restart work on long-delayed compensation rules	RE
May. 03	First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial Group	CI

SVB Financial Group Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

July 21, 2022 at 04:08 pm EDT

SVB Financial Group reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 1,167 million compared to USD 728 million a year ago. Net income was USD 373 million compared to USD 515 million a year ago. Basic earnings per share from continuing operations was USD 5.65 compared to USD 9.23 a year ago. Diluted earnings per share from continuing operations was USD 5.6 compared to USD 9.09 a year ago.
For the six months, net interest income was USD 2,249 million compared to USD 1,388 million a year ago. Net income was USD 888 million compared to USD 1,052 million a year ago. Basic earnings per share from continuing operations was USD 13.68 compared to USD 19.4 a year ago. Diluted earnings per share from continuing operations was USD 13.52 compared to USD 19.1 a year ago.

Latest news about SVB Financial Group

US financial regulators restart work on long-delayed compensation rules	May. 06	RE
First Amended Reorganization Plan and Disclosure Statement Filed by SVB Financial Group	May. 03	CI
SVB Financial to sell investment platform business SVB Capital	May. 02	RE
SVB Financial Group Enters Into Definitive Agreement For Sale Of SVB Capital	May. 02	RE
SVB Financial to sell SVB Capital	May. 02	RE
Motion for Asset Sale Filed by SVB Financial Group	May. 02	CI
Pinegrove Capital Partners LLC entered into a definitive agreement to acquire Silicon Valley BancVentures, Inc. from SVB Financial Group (OTCPK:SIVB.Q).	May. 01	CI
SVB-owner First Citizens' profit beats estimates on interest income strength	Apr. 25	RE
Motion for Asset Sale Approved for SVB Financial Group	Apr. 10	CI
First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).	Mar. 19	CI
Motion for Asset Sale Filed by SVB Financial Group	Mar. 19	CI
Regional banks face big hurdles a year after SVB collapse	Mar. 07	RE
First Citizens claims HSBC execs knew of plot to poach Silicon Valley Bank workers	Feb. 08	RE
Disclosure Statement Filed by SVB Financial Group	Feb. 06	CI
Reorganization Plan Filed by SVB Financial Group	Jan. 26	CI
SVB Financial plans to hand VC business to creditors	Jan. 09	RE
Banks should increase use of 'discount window' to prevent crises -expert group	Jan. 09	RE
Short sellers lost $195 billion in 2023 bets against US, Canadian stocks -S3	Jan. 04	RE
Former First Republic workers sue FDIC over withheld retirement pay	Dec. 18	RE
Second Motion for Exclusivity Period Extension Approved For SVB Financial Group	Nov. 29	CI
US FDIC scraps planned meeting on 'special assessment' for bank failures	Nov. 16	RE
US FDIC meets to consider 'special assessment' for March bank failure losses	Nov. 16	RE
REUTERS NEXT: Banking sector faces risks from inflation -Moody's	Nov. 09	RE
US FDIC is probing former First Republic Bank directors and officers	Nov. 01	RE
Exclusive-U.S. FDIC is probing former First Republic Bank directors and officers - spokesperson	Nov. 01	RE

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Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank). The Company's segments include Silicon Valley Bank, SVB Private and SVB Capital. The Silicon Valley Bank segment is its commercial bank, which offers products and services provided by the Bank and its subsidiaries to commercial clients. The SVB Private segment is its private banking and wealth management division of the Bank and provides an array of personal financial solutions for consumers. SVB Capital is the fundsâ management business of SVB Financial Group, which focuses primarily on venture capital investments.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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