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Last $128.32 USD
Change Today +1.32 / 1.04%
Volume 193.3K
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

svb financial group (SIVB) Key Developments

SVB Financial Group Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

SVB Financial Group announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total interest income of $243,725,000 compared to $195,384,000 for the same period a year ago. Net interest income was $234,737,000 compared to $186,998,000 for the same period a year ago. Income before income tax was $172,939,000 compared to $228,191,000 for the same period a year ago. Net income before non-controlling interests was $130,637,000 compared to $192,906,000 for the same period a year ago. Net income available to common stockholders was $58,832,000 compared to $58,757,000 for the same period a year ago. Earnings per common share, diluted were $1.14 compared to $1.27 for the same period a year ago. Non-GAAP net income available to common stockholders was $70,268,000 compared to $58,757,000 for the same period a year ago. Return on average assets (annualized) was 0.62% compared to 0.92% for the same period a year ago. Non-GAAP return on average assets (annualized) was 0.74% compared to 0.92% for the same period a year ago. Return on average stockholders' equity (annualized) was 8.25% compared to 11.60% for the same period a year ago. Non-GAAP return on average stockholders' equity (annualized) was 9.86% compared to 11.60% for the same period a year ago. Non-GAAP earnings per common share diluted were $1.37 compared to $1.27 for the same period a year ago. For the full year, the company announced total interest income of $891,916,000 compared to $729,621,000 for the same period a year ago. Net interest income was $856,595,000 compared to $697,344,000 for the same period a year ago. Income before income tax was $652,477,000 compared to $685,177,000 for the same period a year ago. Net income before non-controlling interests was $478,715,000 compared to $546,119,000 for the same period a year ago. Net income available to common stockholders was $263,925,000 compared to $215,853,000 for the same period a year ago. Earnings per common share, diluted were $5.31 compared to $4.70 for the same period a year ago. Non-GAAP net income available to common stockholders was $275,361,000 compared to $215,853,000 for the same period a year ago. Return on average assets (annualized) was 0.80% compared to 0.93% for the same period a year ago. Non-GAAP return on average assets (annualized) was 0.84% compared to 0.93% for the same period a year ago. Return on average stockholders' equity (annualized) was 10.46% compared to 11.20% for the same period a year ago. Non-GAAP return on average stockholders' equity (annualized) was 10.91% compared to 11.20% for the same period a year ago. Non-GAAP earnings per common share diluted were $5.54 compared to $4.70 for the same period a year ago.

SVB Financial Group Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015

SVB Financial Group Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015 . Venue: The Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States.

SVB Financial Group, Q4 2014 Earnings Call, Jan 22, 2015

SVB Financial Group, Q4 2014 Earnings Call, Jan 22, 2015

SVB Financial Group Presents at Sandler O'Neill + Partners West Coast Financial Services Conference, Mar-11-2015

SVB Financial Group Presents at Sandler O'Neill + Partners West Coast Financial Services Conference, Mar-11-2015 . Venue: Phoenix, Arizona, United States.

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.

 

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SIVB

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Valuation SIVB Industry Range
Price/Earnings 23.9x
Price/Sales 4.7x
Price/Book 2.3x
Price/Cash Flow 24.6x
TEV/Sales 2.1x
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