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Svb Financial Group (SIVB) Tops Q4 EPS by 15c

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January 21, 2016 4:29 PM EST

Svb Financial Group (NASDAQ: SIVB) reported Q4 EPS of $1.68, $0.15 better than the analyst estimate of $1.53.

Highlights of our fourth quarter 2015 results (compared to third quarter 2015, unless otherwise noted) included:
•
Average loan balances of $15.7 billion, an increase of $829 million (or 5.6 percent).
•
Period-end loan balances of $16.7 billion, an increase of $1.4 billion (or 9.3 percent).
•
Average investment securities, excluding non-marketable and other securities, of $23.5 billion, an increase of $621 million (or 2.7 percent).
•
Period-end investment securities, excluding non-marketable and other securities of $25.2 billion, an increase of $1.6 billion (or 6.6 percent).
•
Average total client funds (consisting of both on-balance sheet deposits and off-balance sheet client investment funds) of $82.3 billion, an increase of $3.0 billion (or 3.8 percent) with average on-balance sheet deposits increasing by $1.5 billion (or 4.1 percent) and average off-balance sheet client investment funds increasing by $1.5 billion (or 3.5 percent).
•
Period-end total client funds (consisting of both on-balance sheet deposits and off-balance sheet client investment funds) of $83.1 billion, an increase of $2.5 billion (or 3.1 percent) with period-end on-balance sheet deposits increasing by $2.1 billion (or 5.7 percent) and period-end off-balance sheet client investment funds increasing $425 million (or 1.0 percent).
•
Net interest income (fully taxable equivalent basis) of $269.4 million, an increase of $14.4 million (or 5.6 percent).
•
Net interest margin of 2.54 percent, an increase of 4 basis points.
•
Provision for loan losses of $31.3 million, compared to $33.4 million.
•
Gains on investment securities of $12.4 million, compared to $18.8 million. Non-GAAP gains on investment securities, net of noncontrolling interests, were $9.6 million, compared to $12.7 million. (See non-GAAP reconciliation under the section “Use of Non-GAAP Financial Measures”.)
•
Gains on equity warrant assets of $16.4 million, compared to $10.7 million.
•
Non-GAAP core fee income increased $4.3 million (or 6.3 percent) to $72.7 million. (See non-GAAP reconciliation under the section “Use of Non-GAAP Financial Measures”.)
•
Noninterest expense of $208.6 million, an increase of $23.9 million (or 12.9 percent).

For earnings history and earnings-related data on Svb Financial Group (SIVB) click here.


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