SVB FINANCIAL GROUP SIVB Income Statement

Svb financial group (SIVB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income:
Loans
382,569	396,698	394,246	414,077	394,144	378,756	352,353	330,298	297,073	279,805	268,445	250,197	227,341	216,699	214,227	205,287	197,942	185,401	174,993	167,252	165,501	161,801	153,292	147,680	148,172	146,988	139,687	131,785	123,744	124,304	121,446	113,935	109,461	104,895	101,693	93,466	89,776	89,324	80,716	75,558	73,942	83,049	84,248
Investment securities:
Taxable
154,385	158,083	149,656	134,395	126,717	137,903	142,075	137,150	124,477	117,365	109,443	95,522	89,803	85,816	83,468	86,603	91,050	91,150	87,609	84,613	81,274	79,987	73,540	63,424	54,420	46,149	43,604	44,657	45,752	41,923	38,493	44,072	47,375	40,493	39,357	44,217	41,382	25,929	32,375	36,851	32,267	21,562	16,794
Non-taxable
12,824	11,961	11,123	10,931	10,937	11,110	10,748	7,666	5,092	3,011	1,172	885	646	541	522	575	596	685	707	741	772	774	772	794	796	798	797	807	799	871	894	899	900	900	899	883	941	940	948	951	970	1,008	1,029
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities
17,624	21,993	28,867	26,364	19,216	15,128	8,137	6,187	5,756	4,835	6,211	7,323	3,136	4,277	2,196	1,527	2,070	1,996	1,482	1,320	1,269	1,163	1,722	1,943	1,636	1,449	1,152	734	719	1,070	1,125	912	1,038	1,514	1,375	1,595	2,002	2,516	2,719	2,885	2,840	2,367	2,485
Total interest income
567,402	588,735	583,892	585,767	551,014	542,897	513,313	481,301	432,398	405,016	385,271	353,927	320,926	307,333	300,413	293,992	291,658	279,232	264,791	253,926	248,816	243,725	229,326	213,841	205,024	195,384	185,240	177,983	171,014	168,168	161,958	159,818	158,774	147,802	143,324	140,161	134,101	118,709	116,758	116,245	110,019	107,986	104,556
Interest expense:
Deposits
37,398	47,509	55,106	47,150	27,907	10,897	8,042	6,270	4,097	2,458	2,304	2,197	1,717	1,627	1,535	1,261	1,188	1,164	1,158	1,182	1,943	3,181	2,961	3,068	2,904	2,595	2,397	2,085	2,051	1,825	1,740	1,614	1,481	1,483	1,715	2,559	3,105	3,463	3,783	3,867	3,665	4,801	5,605
Borrowings
5,867	7,558	8,142	9,214	10,221	17,540	12,049	8,588	8,438	8,852	8,993	9,034	9,216	9,101	9,717	9,395	9,049	8,999	8,973	8,973	7,948	5,807	5,800	5,808	5,792	5,791	5,747	5,817	5,794	5,780	5,788	6,270	6,356	6,249	6,154	7,149	10,697	10,728	6,634	5,942	5,514	6,367	7,270
Total interest expense
43,265	55,067	63,248	56,364	38,128	28,437	20,091	14,858	12,535	11,310	11,297	11,231	10,933	10,728	11,252	10,656	10,237	10,163	10,131	10,155	9,891	8,988	8,761	8,876	8,696	8,386	8,144	7,902	7,845	7,605	7,528	7,884	7,837	7,732	7,869	9,708	13,802	14,191	10,417	9,809	9,179	11,168	12,875
Interest Income (Expense), Net
524,137	533,668	520,644	529,403	512,886	514,460	493,222	466,443	419,863	393,706	373,974	342,696	309,993	296,605	289,161	283,336	281,421	269,069	254,660	243,771	238,925	234,737	220,565	204,965	196,328	186,998	177,096	170,081	163,169	160,563	154,430	151,934	150,937	140,070	135,455	130,453	120,299	104,518	106,341	106,436	100,840	96,818	91,681
Provision for Loan, Lease, and Other Losses
243,480	17,383	36,536	23,946	28,551	13,644	17,174	29,080	27,972	22,242	23,522	15,806	30,734	16,454	20,004	36,746	33,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,341	31,261	33,403	26,513	6,452	40,435	16,610	1,947	494	28,670	10,638	18,572	5,813	-	6,788	7,999	14,529	8,245	769	134	-3,047	36,994	10,971	7,408	-10,745	8,030	21,393
Net interest income after provision for credit losses
280,657	516,285	484,108	505,457	484,335	500,816	476,048	437,363	391,891	371,464	350,452	326,890	279,259	280,151	269,157	246,590	247,946	239,754	221,257	217,258	232,473	194,302	203,955	203,018	195,834	158,328	166,458	151,509	157,356	145,549	147,642	143,935	136,408	131,825	134,686	130,319	123,346	89,014	95,370	99,028	90,095	88,788	70,288
Noninterest income:
Gain (Loss) on Investments
46,055	28,095	29,849	47,698	29,028	10,729	32,193	36,114	9,058	15,765	15,238	17,630	15,970	9,976	23,178	23,270	-4,684	12,439	18,768	24,975	33,263	94,787	5,644	-57,320	223,912	163,547	187,862	40,561	27,438	68,238	20,228	25,809	7,839	19,755	52,262	71,680	51,337	25,940	46,611	4,805	16,004	3,905	-6,750
Gain (Loss) on Derivative Instruments, Net, Pretax
13,395	30,865	37,561	48,347	21,305	16,749	34,141	19,061	19,191	12,123	24,922	10,820	6,690	4,639	21,558	5,089	6,606	4,673	10,244	16,317	39,729	33,365	26,538	12,775	24,167	14,383	9,422	8,087	10,292	2,879	1,111	8,713	5,976	12,645	9,951	13,651	551	4,957	1,257	1,326	1,982	-1,090	-2,847
Client investment fees
43,393	45,163	46,679	45,744	44,482	41,768	36,265	29,452	22,875	18,565	15,563	12,982	9,026	8,260	7,952	8,012	7,995	6,181	5,683	5,264	4,482	4,132	3,814	3,519	3,418	3,567	3,393	3,524	3,475	4,313	3,954	3,375	2,897	2,714	2,939	3,107	3,661	4,458	4,681	4,941	3,940	5,527	5,580
Foreign exchange fees
47,505	42,399	40,309	38,506	38,048	38,252	32,656	34,077	33,827	33,734	29,671	26,108	26,247	27,185	25,944	24,088	26,966	23,970	22,995	22,364	17,678	18,624	17,911	17,928	17,196	15,881	13,667	13,667	14,196	16,088	12,211	12,031	12,103	13,377	11,546	10,354	10,497	9,943	9,091	8,255	8,861	7,491	7,617
Credit card fees
28,304	32,288	30,158	28,790	27,483	25,333	24,121	22,926	21,692	-	20,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit card fees
-	-	-	-	-	-	-	-	-	-	20,270	18,099	17,730	-	18,295	15,424	15,507	15,816	14,536	14,215	12,090	10,352	10,909	10,249	10,282	9,216	8,188	7,609	7,448	6,624	6,348	6,169	5,668	6,054	4,506	4,364	3,817	3,832	3,139	3,027	2,687	2,300	2,957
Deposit service charges
24,589	23,704	22,482	22,075	20,939	20,016	19,588	18,794	17,699	15,669	14,508	14,563	13,975	13,382	13,356	13,114	12,672	12,374	12,272	11,301	10,736	10,593	10,126	9,611	9,607	9,346	8,902	8,907	8,793	8,587	8,369	8,369	8,096	7,994	8,259	7,838	7,117	9,386	7,324	7,734	7,225	6,906	6,590
Lending related fees
13,125	13,063	11,707	11,213	13,937	11,011	10,675	9,528	10,735	10,391	15,404	8,509	8,961	9,612	8,168	7,802	7,813	8,790	7,561	8,163	8,022	7,503	6,029	5,876	6,303	7,145	5,265	4,596	3,974	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Letters of credit and standby letters of credit fees
11,542	11,464	10,842	11,009	9,354	9,662	8,409	8,347	8,182	7,593	7,306	7,006	6,639	7,230	6,811	6,014	5,589	5,574	5,341	4,772	5,202	4,142	4,557	2,810	4,140	3,837	3,790	3,654	3,435	4,723	3,495	3,296	3,636	3,749	3,040	2,702	2,710	2,613	2,752	2,606	2,511	3,019	2,329
Investment banking revenue
46,867	58,172	38,516	48,694	49,795	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions
16,022	15,534	12,275	14,429	14,108	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
11,137	12,597	13,631	17,245	11,897	13,187	12,022	14,390	12,259	17,982	15,896	12,811	12,421	14,239	18,878	9,963	7,670	24,689	11,077	18,916	-7,678	-15,861	-5,361	8,762	11,200	11,791	17,161	7,634	-447	-2,802	13,423	12,664	13,078	-2,154	3,108	10,012	10,264	10,735	11,381	7,463	6,063	6,249	12,799
Noninterest Income
301,934	313,344	294,009	333,750	280,376	186,707	210,070	192,689	155,518	152,266	158,778	128,528	117,659	113,502	144,140	112,776	86,134	114,506	108,477	126,287	123,524	167,637	80,167	14,210	310,225	238,713	257,650	98,239	78,604	126,688	69,139	80,426	59,293	73,059	95,611	123,708	89,954	71,864	86,236	40,157	49,273	34,307	28,275
Noninterest expense:
Compensation and benefits
255,586	274,661	233,840	243,172	238,061	183,782	195,437	181,955	165,806	156,990	153,263	148,973	147,176	139,860	136,568	115,580	122,262	123,811	109,345	124,915	115,770	107,227	99,932	99,820	102,507	96,486	96,869	84,742	88,704	83,558	79,262	80,385	83,737	80,514	77,009	79,888	75,632	66,613	62,170	59,993	59,830	45,815	46,947
Professional services
38,705	72,461	55,202	40,830	36,986	46,755	36,542	46,813	28,725	35,604	32,987	27,925	25,419	27,023	23,443	25,516	19,000	24,005	21,137	18,950	18,747	25,994	26,081	21,113	21,189	23,419	18,966	16,633	17,160	18,965	17,759	16,514	14,607	17,807	16,122	13,891	12,987	18,765	12,618	12,642	12,098	12,109	11,263
Premises and equipment
26,940	24,384	26,775	23,911	21,700	20,342	19,858	19,173	18,545	18,000	18,937	18,958	15,858	17,641	16,291	16,586	14,984	15,127	12,356	11,787	12,657	13,450	12,631	12,053	11,582	11,637	12,171	11,402	10,725	12,459	11,247	9,419	7,564	8,763	7,220	6,440	5,912	6,372	5,548	5,319	5,784	5,892	5,694
Net occupancy
18,346	19,563	16,981	16,687	16,048	14,155	13,694	13,288	13,616	12,960	12,660	11,126	11,651	11,009	9,525	9,359	10,035	10,664	8,548	8,149	7,313	7,567	7,437	7,680	7,320	7,477	5,898	5,795	5,767	5,869	5,666	5,378	5,623	5,461	4,967	4,546	4,650	4,910	5,131	4,649	4,688	4,198	4,843
Business development and travel
14,071	16,997	19,539	17,022	15,354	12,182	12,712	12,095	11,191	11,065	10,329	11,389	9,195	10,053	8,504	9,327	12,246	10,620	8,028	9,764	11,112	10,592	10,022	9,249	10,194	9,901	7,378	7,783	8,272	7,666	6,838	7,159	7,746	6,821	5,886	5,890	5,653	5,695	5,153	5,103	4,286	2,902	3,403
FDIC and state assessments
5,234	5,166	4,881	4,483	3,979	4,970	9,550	10,326	9,430	8,715	8,359	9,313	8,682	8,661	7,805	6,892	6,927	6,750	6,954	5,962	5,789	5,546	4,587	4,945	4,128	3,636	2,913	2,853	3,382	2,894	2,836	2,731	2,498	2,358	2,302	2,163	3,475	3,225	2,637	5,587	5,049	2,589	8,589
Correspondent bank fees
-	-	-	-	-	-	-	-	-	-	3,162	3,163	3,445	2,988	3,104	2,713	3,652	3,640	3,070	3,337	3,368	3,363	3,278	3,274	3,203	3,132	2,906	3,049	3,055	2,640	3,000	2,840	2,688	2,351	2,336	2,202	2,163	2,247	2,228	1,956	1,948	2,118	1,963
Provision for (Reduction of) unfunded credit commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,047	-3,061	2,263	978	2,225	2,185	1,123	1,507	2,774	1,347	2,014	-776	-400	1,922	-258	2,266	2,055	976	-900	-1,492	1,692	2,376	1,507	65	-1,147
Other Noninterest Expense
40,703	47,520	34,106	37,417	33,536	25,406	21,652	22,089	18,104	30,451	18,064	20,399	16,207	17,951	15,533	13,966	14,793	16,186	14,270	14,309	13,522	11,350	13,568	10,625	9,162	5,219	10,649	9,688	9,935	9,774	8,963	9,418	7,807	8,369	9,554	5,036	7,863	6,542	6,994	6,555	6,400	4,119	7,457
Noninterest Expense
399,585	460,752	391,324	383,522	365,664	307,592	309,445	305,739	265,417	264,015	257,761	251,246	237,633	235,186	220,773	199,939	203,899	210,554	184,755	194,112	190,541	186,067	179,761	170,944	170,408	162,414	160,524	143,292	149,014	143,049	135,171	135,766	132,012	134,710	127,451	121,032	117,435	115,891	104,171	104,180	98,576	79,807	89,012
Income before income tax expense
183,006	368,877	386,793	455,685	399,047	379,931	376,673	324,313	281,992	259,715	251,469	204,172	159,285	158,467	192,524	159,427	130,181	143,706	144,979	149,433	165,456	175,872	104,361	46,284	335,651	234,627	263,584	106,456	86,946	129,188	81,610	88,595	63,689	70,174	102,846	132,995	95,865	44,987	77,435	35,005	40,792	43,288	9,551
Income tax expense
49,357	94,061	105,075	119,114	107,435	105,000	95,308	77,287	73,966	135,051	97,351	71,656	51,405	54,825	76,877	65,047	53,584	53,697	57,017	54,974	63,066	46,077	40,207	35,928	61,296	43,057	47,404	29,968	26,401	29,526	28,470	31,517	23,756	26,284	26,770	43,263	22,770	11,005	24,996	13,819	11,582	16,879	7,174
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
133,649	274,816	281,718	336,571	291,612	274,931	281,365	247,026	208,026	124,664	154,118	132,516	107,880	103,642	115,647	94,380	76,597	90,009	87,962	94,459	102,390	129,795	64,154	10,356	274,355	191,570	216,180	76,488	60,545	99,662	53,140	57,078	39,933	43,890	76,076	89,732	73,095	33,982	52,439	21,186	29,210	26,409	2,377
Net Income (Loss) Attributable to Noncontrolling Interest
-1,973	11,960	14,437	18,584	2,880	8,667	6,548	9,228	13,065	7,454	5,498	9,323	6,397	4,176	4,566	1,416	-2,577	2,497	6,229	8,316	13,874	71,805	177	-40,597	183,405	134,149	148,559	27,904	19,654	49,241	10,851	9,475	5,143	8,316	38,505	23,982	40,088	16,495	14,652	66	10,653	2,246	-8,961
Preferred stock dividends
3,369	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to SVBFG
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,163	11,338
Preferred stock dividend and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,555	3,545
Net Income (Loss) Available to Common Stockholders, Basic
132,253	262,856	267,281	317,987	288,732	266,264	274,817	237,798	194,961	117,210	148,620	123,193	101,483	99,466	111,081	92,964	79,174	87,512	81,733	86,143	88,516	57,990	63,977	50,953	90,950	57,421	67,621	48,584	40,891	50,421	42,289	47,603	34,790	35,574	37,571	65,750	33,007	17,487	37,787	21,120	18,557	20,608	7,793
Earnings Per Share, Basic
2.56	5.10	5.19	6.12	5.49	5.02	5.16	4.48	3.69	2.23	2.82	2.34	1.94	1.92	2.13	1.79	1.53	1.69	1.59	1.68	1.74	1.09	1.26	1.06	1.98	1.26	1.48	1.08	0.91	1.14	0.95	1.08	0.79	0.82	0.87	1.53	0.78	0.41	0.90	0.51	0.45	0.62	0.24
Earnings Per Share, Diluted
2.55	5.06	5.15	6.08	5.44	4.96	5.10	4.42	3.63	2.18	2.79	2.32	1.91	1.89	2.12	1.78	1.52	1.68	1.57	1.66	1.71	1.08	1.24	1.04	1.95	1.25	1.46	1.06	0.90	1.13	0.94	1.06	0.78	0.82	0.86	1.50	0.76	0.41	0.89	0.50	0.44	0.61	0.24