SVB Financial Group (PK:SIVBQ)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2270 SAND HILL ROAD MENLO PARK CA 94025 |
| Tel: | N/A |
| Website: | https://www.svb.com |
| IR: | See website |
| Key People | ||
| Nicholas Grossi Interim Chief Financial Officer | Michael R Descheneaux President of Silicon Valley Bank | Philip C. Cox Chief Operations Officer |
| Christopher D. Edmonds-Waters Chief Human Resource Officer | Michelle A. Draper Chief Marketing and Strategy Officer | Laura H. Izurieta Chief Risk Officer | William Kosturos Chief Restructuring Officer |
| Business Overview |
| 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 funds' management business of SVB Financial Group, which focuses primarily on venture capital investments. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, SVB Financial Group interest income increased 72% to $5.67B. Net interest income after loan loss provision increased 33% to $4.07B. Net income applicable to common stockholders decreased 15% to $1.51B. Net interest income after loan loss provision reflects Silicon Valley Bank segment increase of 46% to $4.4B, Net Interest Margin, Total -% increase of 7% to 2.16%. |
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