SANTA CLARA, Calif. (AP) _ SVB Financial Group (SIVB) on Thursday reported fourth-quarter earnings of $315 million.
The bank, based in Santa Clara, California, said it had earnings of $4.62 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.26 per share.
The financial services firm posted revenue of $2.25 billion in the period. Its revenue net of interest expense was $1.54 billion, topping Street forecasts. Seven analysts surveyed by Zacks expected $1.49 billion.
For the year, the company reported profit of $1.67 billion, or $25.35 per share. Revenue was reported as $6.25 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIVB at https://www.zacks.com/ap/SIVB
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