Last $102.57 USD
Change Today -3.42 / -3.23%
Volume 447.7K
SIVB On Other Exchanges
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As of 12:25 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

svb financial group (SIVB) Snapshot

Open
$95.52
Previous Close
$105.99
Day High
$105.00
Day Low
$95.52
52 Week High
03/21/14 - $135.00
52 Week Low
10/15/14 - $91.54
Market Cap
5.2B
Average Volume 10 Days
629.0K
EPS TTM
$5.48
Shares Outstanding
50.7M
EX-Date
10/9/92
P/E TM
18.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for SVB FINANCIAL GROUP (SIVB)

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svb financial group (SIVB) Details

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. It operates in three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The company offers deposit products, such as business and analysis checking accounts, money market accounts, and multi-currency and sweep accounts, as well as lockbox, electronic deposit capture, and merchant services; and lending products and services, including term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards. It also provides cash management products and services comprising wire transfer and automated clearing house payment, bill pay, account analysis, and disbursement, as well as online banking services. In addition, the company offers foreign exchange services; various loan and credit facilities; letters of credit, including export, import, and standby letters of credit; investment services and solutions; third party money market mutual funds and fixed-income securities; and investment advisory services. Further, it provides vineyard development loans and community development loans to clients in the wine industry; equity valuation services to companies and venture capital/private equity firms; asset management, private wealth management, and brokerage services; and non-banking products and services, such as funds management, venture capital, and private equity investment, as well as business valuation services. Additionally, the company offers private banking services, including mortgages, home equity lines of credit, restricted stock purchase loans, capital call lines of credit, and other secured and unsecured lending services. It operates through 28 offices in the United States; and offices in China, Hong Kong, India, Israel, and the United Kingdom. The company was founded in 1982 and is headquartered in Santa Clara, California.

1,786 Employees
Last Reported Date: 08/8/14
Founded in 1982

svb financial group (SIVB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.8M
Chief Financial Officer
Total Annual Compensation: $949.8K
Chief Operations Officer
Total Annual Compensation: $748.1K
President of Asia
Total Annual Compensation: $806.4K
Head of Relationship Banking
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

svb financial group (SIVB) Key Developments

SVB Financial Group Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter of 2014

SVB Financial Group reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income was $229.326 million compared to $185.240 million a year ago. Net interest income was $220.565 million compared to $177.096 million a year ago. Net interest income after provision for loan losses was $203.955 million compared to $166.458 million a year ago. Income before income tax expense was $102.133 million compared to $263.584 million a year ago. Net income available to common stockholders was $62.995 million or $1.22 per diluted share compared to $67.621 million or $1.46 per diluted share a year ago. Return on average assets was 0.72% compared to 1.16% a year ago. Return on average SVBFG stockholders' equity was 9.16% compared to 14.05% a year ago. Net interest income increased by $15.6 million or 7.6%, driven primarily by a significant increase in average balances of fixed income investment securities portfolio due to strong deposit growth and higher loan prepayment fees. Core fee income increased $3.3 million or 7% to $53.3 million. The increase in core fee income primarily reflects a $1.7 million increase in letter of credit revenue in the third quarter, primarily due to a nonrecurring item in second quarter and a $660,000 or 6.4% increase in credit card revenue to $10.9 million, driven by higher interchange fee income due to increased volume, partially offset by higher reward expense. For the nine months, the company reported total interest income was $648.191 million compared to $534.237 million a year ago. Net interest income was $621.858 million compared to $510.346 million a year ago. Net interest income after provision for loan losses was $602.807 million compared to $475.323 million a year ago. Income before income tax expense was $479.538 million compared to $456.986 million a year ago. Net income available to common stockholders was $205.093 million or $4.17 per diluted share compared to $157.096 million or $3.43 per diluted share a year ago. Return on average assets was 0.87% compared to 0.93% a year ago. Return on average SVBFG stockholders' equity was 11.33% compared to 11.06% a year ago. Book value per common share was $53.56 as on September 30, 2014 compared to $42.64 as on September 30, 2013. Non-GAAP core fee was $154.3 million compared to $126.5 million a year ago. The company reported net charge-offs were $8.3 million.

SVB Financial Group, Q3 2014 Earnings Call, Oct 23, 2014

SVB Financial Group, Q3 2014 Earnings Call, Oct 23, 2014

SVB Financial Group Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Full Year of Fiscal 2014; Announces Net Charge-Offs for the Second Quarter of Fiscal 2014

SVB Financial Group reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s net interest income was $204,965,000 against $170,081,000 a year ago. Net interest income after provision for loan losses was $203,018,000 against $151,509,000 a year ago. Income before income tax expense was $43,782,000 against $106,456,000 a year ago. Net income available to common stockholders was $50,797,000 or $1.04 diluted per share against $48,584,000 or $1.06 diluted per share a year ago. Return on average assets (annualized) was 0.64% against 0.88% a year ago. Return on average company’s stockholders equity (annualized) was 8.50% against 10.12% a year ago. Book value per common share was $52.78 against $40.65 a year ago. Interest income from loans decreased slightly by $492,000 to $147.7 million, driven by lower loan prepayment fees recognized in second quarter compared to first quarter, which included $2.1 million in prepayments related to a single client. This decrease was partially offset by loan growth and one additional day in the quarter. Non-GAAP noninterest income, net of non-controlling interest, was $49.5 million compared to $123.5 million in the first quarter. That decline was primarily driven by private equity and venture capital related investment losses of $22.1 million, net of non-controlling interests. Book value per common share was $52.78 against $40.65 a year ago. For the six months, the company’s net interest income was $401,293,000 against $333,250,000 a year ago. Net interest income after provision for loan losses was $398,852,000 against $308,865,000 a year ago. Income before income tax expense was $377,405,000 against $193,402,000 a year ago. Net income available to common stockholders was $142,098,000 or $2.96 diluted per share against $89,475,000 or $1.96 diluted per share a year ago. Return on average assets (annualized) was 0.96% against 0.81% a year ago. Return on average company’s stockholders equity (annualized) was 12.74% against 9.52% a year ago. The company revised earnings guidance for the full year of fiscal 2014. The company is increasing its outlook for net interest income for the full year 2014, due primarily to the impact of the company’s exceptional deposit growth on its investment securities portfolio. The company now expects net interest income to increase at a percentage rate in the low 20s compared to its prior outlook of the high-teens. The company expects continued loan growth to partially offset pressure on its net interest margin, as a result of this factor, the company is lowering its net interest margin outlook for the full year 2014 to a range of between 2.75% to 2.85%. This compares to its prior range of 3.1% to 3.2%. For the second quarter of fiscal 2014, the company announced net charge-offs of $4.8 million or 17 basis points reflecting $6.4 million of gross charge-offs, primarily related to early-stage loans in the software portfolio.

 

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SIVB

Industry Average

Valuation SIVB Industry Range
Price/Earnings 18.6x
Price/Sales 3.3x
Price/Book 2.0x
Price/Cash Flow 20.0x
TEV/Sales 1.6x
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