SVB Financial Group (SIVB) Financial Statements (2024 and earlier)

Company Profile

Business Address 3003 TASMAN DR
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,61917,6756,7823,5722,9232,546
Cash and cash equivalents14,61917,6756,7823,5722,9232,546
Receivables    56  
Total current assets:14,61917,6756,7823,6272,9232,546
Noncurrent Assets
Operating lease, right-of-use asset313210197
Property, plant and equipment270176162129129121
Intangible assets, net (including goodwill)695266237   
Goodwill375143138   
Intangible assets, net (excluding goodwill)32012399   
Amortization method qualified affordable housing project investments954616458319174112
Total noncurrent assets:2,2321,2671,054448303233
Other undisclosed assets194,62796,56963,16952,85347,98841,905
TOTAL ASSETS:211,478115,51171,00556,92851,21444,684
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    3  
Taxes payable   3  
Debt12121176311,034513
Total current liabilities:12121176351,034513
Noncurrent Liabilities
Liabilities, other than long-term debt48237030220610158
Qualified affordable housing project investments, commitment48237030220610158
Total noncurrent liabilities:48237030220610158
Other undisclosed liabilities194,266106,68764,06450,82345,76040,336
Total liabilities:194,869107,07864,38451,66346,89540,907
Equity
Equity, attributable to parent16,2368,2206,4705,1164,1803,643
Preferred stock3,646340340   
Common stock  00000
Additional paid in capital5,1571,5851,4701,3781,3141,243
Accumulated other comprehensive income (loss)(9)62384(54)(1)23
Retained earnings7,4425,6724,5763,7922,8672,376
Equity, attributable to noncontrolling interest373214151149140134
Total equity:16,6098,4336,6215,2654,3193,777
TOTAL LIABILITIES AND EQUITY:211,478115,51171,00556,92851,21444,684

Income Statement (P&L) ($ in millions)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues3,8092,6972,4641,9351,4871,217
Investment banking revenue459414195   
Net investment income3,2712,2162,2131,9351,4441,183
Cost of revenue(123)(220)(106)(88)(92)(96)
Provision for loan, lease, and other losses(123)(220)(106)(88)
Financial services costs(92)(96)
Gross profit:3,6862,4772,3581,8471,3951,121
Operating expenses(604)(374)(300)(237)(800)(671)
Operating income:3,0822,1032,0581,610594450
Nonoperating income (expense)
(Investment Income, Nonoperating)
1,321658273177119100
Interest and debt expense(110)(85)(213)(76)(45)(43)
Income from continuing operations before equity method investments, income taxes:4,2932,6762,1181,712669508
Other undisclosed income (loss) from continuing operations before income taxes(1,569)(934)(507)(349)206133
Income from continuing operations before income taxes:2,7241,7421,6101,363875641
Income tax expense(651)(448)(426)(352)(355)(250)
Income from continuing operations:2,0731,2941,1851,011519390
Income before gain (loss) on sale of properties:2,0731,2941,1851,011519390
Net income:2,0731,2941,1851,011519390
Net income (loss) attributable to noncontrolling interest(240)(86)(48)(38)(29)(8)
Net income attributable to parent:1,8331,2081,137974491383
Preferred stock dividends and other adjustments(63)(17)    
Net income available to common stockholders, diluted:1,7701,1911,137974491383

Comprehensive Income ($ in millions)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:2,0731,2941,1851,011519390
Other comprehensive income (loss)(632)538139(53)(25)8
Comprehensive income (loss):1,4411,8321,323959494398
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(240)(86)(48)(38)(29)(8)
Comprehensive income (loss), net of tax, attributable to parent:1,2011,7461,275921466391

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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