Silvergate Capital (SI) Reports Q4 EPS of $0.19

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Go back to Silvergate Capital (SI) Reports Q4 EPS of $0.19

Silvergate Capital Corporation Announces Fourth Quarter and Full Year 2019 Results

January 29, 2020 6:30 AM EST

LA JOLLA, Calif.--(BUSINESS WIRE)-- Silvergate Capital Corporation (Silvergate or Company) (NYSE: SI) and its wholly-owned subsidiary, Silvergate Bank (Bank), today announced financial results for the period ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights

Successfully completed the Companys initial public offering of 824,605 shares of common stock sold by the Company and 2,508,728 shares sold by selling shareholders on November 12, 2019. On November 18, 2019, the underwriters exercised in full their over-allotment option to purchase an additional 499,999 shares from the selling shareholders. Net income for the quarter was $3.6 million, or $0.19 per diluted... More